It is planned to be built on the land reclaimed by the Congo River, and the houses and buildings will become a small tropical “Dubai”.
Congolese investors are a dream of real estate, and it fought an open war with the French managers of companies established in Bermuda: Ten years after its founding, River City marked the failure of high-end urban planning projects. Kinshasa, luxury homes next to the slums are in full swing.
Ten years ago, the promoters of River City promised “Safe haven” Far from the chaos of the city in the capital of the Democratic Republic of Congo, this is the largest city in French-speaking Africa with an estimated population of about 17 million.
Plan to build more than 25 kilometers2 pcs On the land reclaimed by the Congo River, houses with lampposts and small buildings in the beautiful alleys must be small “Dubai of Kinshasa”, Asked for a 2015 promotional video, which talked about “Africa’s most beautiful city”. Rumba star, banker, businessman, businessman and politician: the upstart has invested in apartments and villas far away from the working-class areas of Jimbawa.
Kinshasa is a growing metropolis, and its real estate landscape is extremely contradictory, commensurate with the huge income gap between the majority of the population and a few wealthy people. Millions of families live in cramped houses, which are eroded by floods, water and electricity, and road ruts are not good.
At the same time, however, in the residential area of Gombe by the river, residential towers and luxury residences with more than twenty stories emerged from the ground and overlooked Brazzaville.
Ten years ago, River City, which was at the forefront of the high-end real estate boom, was managed by French immigrant Robert Choudury and started by Mukwa Investments, a tax haven in Bermuda. Strictly speaking, the completed projects quickly fetched water, and floods frequently occur during the rainy season in December 2020.
Agence France-Presse pointed out that by the beginning of 2021, a dozen unfinished buildings were surrounded by weeds on this swamp, and toads were splashing around in rainwater pools. At the scene, the trash can was overflowing with seagulls. In some apartments, there is mold on the walls and ceilings, and traces of dampness can be seen.
Residents’ complaints are consistent: “There is nothing here, even the water from the tap is not suitable for consumption”, “The electricity bill is twice that of SNEL [Société nationale d’électricité] », “I can not stand it any more”…
Serge Kasanda, president of the trustee of the property owner, expressed regret over the depreciation of the property: “The rent for a house that used to cost $2,500 is now $1,000 or even lower.” The 56-year-old Congolese businessman condemned the delay in delivery: “I bought an apartment for US$185,000 in November 2018. The apartment will be delivered to me in three months. But so far, it has not been delivered to me.”
The trustee sent a “memorandum” Condemned to the President of the Republic in February that water is not suitable for drinking, waste disposal issues…by an estimated $50 million to repay debts, repair sites and buildings, and develop new spaces through backfilling.
The owner requested the arrest of French manager Robert Choudury, and they accused him of all illnesses. Robert Choudury joined South Africa by the South African Agence France-Presse (AFP). In return, he accused the Congolese of being arrears.
Ten years later, out of a total of 450 apartments, “Only 15% of customers paid the full amount immediately within a few weeks after signing the contract. 65% paid within 6 years instead of 2 years [comme convenu] 20% of people have never paid.”, Defending Mr. Chowdhury. “I lost $4 million in ten years” To supplement the electricity supply, the French businessman added “Generals and Ministers Refusing to Pay”.He realizes that there is “Thirty apartments have not been delivered. But 18 are being completed.”
This businessman claims to have Sign an agreement with a Chinese partner The project to restore the city of the river without further details. It also announced a similar project with the city of Lubumbashi, which is the economic capital of the southeast of the country.