Tuesday 21st May 2019
Tuesday, 21st of May 2019
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Real Estate

Why we can’t give mortgage loans to NHF contributors – FMBN


The Federal Mortgage Bank of Nigeria said on Friday that the monthly contributions to the National Housing Fund (NHF) by civil servants were inadequate to guarantee full and prompt access to the fund by contributors. The FMBN’s Managing Director, Gimba Ya’u Kumo, stated this in an interview with the News Agency of Nigeria in Abuja. Kumo urged the Federal Government to intervene ...

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Affordable, green housing designer may be decorated

Passive House Prototype

A recently built supposedly affordable and green housing project in Nigeria located in Igbo-Etche, Port Harcourt in Rivers State has been completed, and the first families have moved in. The Passive House Prototype eco-village, built by Comprehensive Design Services and CAP Consultants, led by Chinwe Ohajuruka (and her team, with Omie Ben-Kalio and Michael Ukpeh) is now fully functioning. The ...

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Ogun warns against unauthorised sale of its land


The Ogun State Housing Corporation has warned members of the public to desist from unauthorised buying and selling of its landed properties or putting up buildings on any of its estates without approval. The Public Relations Officer (PRO) of the Corporation, Mr Akindipupo Enilolobo, who gave the note of warning, said that the development became necessary to put an end ...

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Centenary City’s ‘Address Resorts’ to redefine Abuja skyline


The Abuja skyline and indeed the Nigerian property market is poised for a remarkable transformation as construction gets underway for “The Address Hotels + Resorts” in Abuja, by Eagle Hills, a global developer of iconic real estate assets. It is a core component of the Abuja Centenary City, “A city within a city” and designed as a new social and ...

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Ogun, Shelter Afrique to build N2bn homes for workers

As part of government’s effort to provide affordable housing units, the Ogun State Housing Corporation in collaboration with Shelter Afrique has concluded plans to provide a housing estate valued at N2 billion. The estate, which will be located at Kemta-Idi-Aba in Abeokuta, will house civil servants who are contributors to the National Housing Fund Scheme. The Corporation’s general manager, Arc. Jumoke ...

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Facility manager charges colleagues to drive real estate sector


As the real estate industry in Nigeria braces up for more contribution to the nation economy, managing director of Alpha Mead Facility & Management Services Ltd. (or AMFacilities), Femi Akintunde, has charged facility managers in the country to position themselves as key drivers of the real estate sector. Akintunde made this statement at the fourth edition of the Nigerian Facility Management ...

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Sola Fatoki: Need for stable, enduring housing policy


Lagos-based estate valuer and legal practitioner, Solomon Olusola Fatoki, in this presentation a couple of weeks ago at a meeting of Archivers’ Table of Ikeja Club, examines the role of housing in national development, calling for a stable and enduring policy to address inherent challenges Next to food, clothing and security, housing is the next basic need to human beings ...

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Ogun gives out fresh discounted-rate-processed land titles


In furtherance of its bid to ensure home owners in the state regularised their landed property at a discounted rate, the Ogun State Government has distributed another round of 1,000 certificates of occupancy (C-of-Os), and approved building plans to landlords in the state. Distributing the C-of-Os at the Arcade Ground in Oke-Mosan, the governor, Senator Ibikunle Amosun, expressed his satisfaction ...

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Propertymart offers flats, terraces at Cranbel Estate

Impression of Apartment Flats at Cranbel Court

The Nigerian real estate industry is dynamic and clearly a rapidly growing sector currently yielding significant financial benefits for discerning individual investors, developers and institutional investors on a mid to long term basis. In addition, choice of properties and caliber of professionals in the industry are fast expanding. Propertymart Real Estate Investment limited, a leading player in Nigeria’s real estate ...

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$7.6 million Mozambique road project to boost transportation in southern Africa

Louis Berger Pix

The Sub-Saharan Regional Pipeline Corporation, Ltd. (SSRPC) recently selected Louis Berger to provide $7.6 million in consultancy services for the rehabilitation of National Road N303 in Mozambique. SSRPC is investing $350 million to transform an approximately 350-kilometer-long narrow and unpaved carriageway into a modern road that crosses the Tete province and ends at the Zambezi River, where Mozambique, Zambia and ...

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