Description: 2 B/R &
Mini-Flat
Location: Ogijo
Price: N4M|Asking
Contact: Easylink
Properties|017464981|08028381253|08181268897
Thursday 30 May 2013
FOR SALE: LAND @ LAGOS-ISLAND | May 30, 2013
Description: 3 Plots
|1893.346sqmts|On a corner piece
Location: Beside UBA
H/Quarters, Marina, Lagos Island
Title: Has
Title Documents
Price: N750M
|Asking
Contact: Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: 3 B/R FLAT @ LOWA | May 30, 2013
Description: 4 Units
Location: Lowa
Title: Has Documents
Price: N25M
|Asking
Contact: Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: 3 B/R FLAT @ IGBO-OLUWO | May 30, 2013
Description: 4 Units
Location: Lowa
Title: Has
Documents
Price: N18M|Asking
Contact: Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: BUNGALOW @ IGBO-OLOMU | May 30, 2013
Description: 4 B/R Flat
Location: Igbo-Olomu
Title: R|C
Price: N7M|Asking
Contact: Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: BUNGALOW@ OKE-ORIYA | May 30, 2013
Description: 4 B/R
Location: Oke-Oriya
Title: C of O
Price: N16M
|Asking
Contact; Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: LAND @AGURA | May 30, 2013
Location: Agura
Price: N350K
Contact: Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: LAND @ OGIJO | May 30, 2013
Location; Gbaga, Ogijo
Price: N350K
Contact: Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: LAND @ ADAMO | May 30, 2013
Location: Oke-arobi,
Adamo
Price: N350K
Contact: Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: LAND @ IKORODU | May 30, 2013
Description: 1 Plot
Location: Lagos Road,
Church B/Stop, Ikorodu
Title: R|C
Price: N20M |Asking
Contact: Easylink
Properties|017464981|08028381253|08181268897
Description: 2 Plots
Location: Lagos Road,
Jumofak B/Stop, Ikorodu
Title: R|C
Price: N60M|Asking
Contact: Easylink
Properties|017464981|08028381253|08181268897
FOR SALE: STOREY BUILDING @ LAGOS ISLAND | May 30, 2013
Description: 3 Storey
Building
Location: Elegbeta
Street, Off Apogbon Street, Lagos-Island
Price: N120M|Asking|Has
Title & Documents
Contact: Easylink
Properties|017464981|08028381253|08181268897
Description: 4 Storey
Building
Location: Broad
Street, Lagos-Island
Price: N800M
|Asking|Has Title & Documents
Contact: Easylink
Properties|017464981|08028381253|08181268897
Tuesday 28 May 2013
SPECIAL REPORT: REAL ESTATE OUTLOOK IN NIGERIA
By Olumide T. Agunbiade
|Nigerian writer and Blogger
 |
| A Nigerian Estate |
IN development
terms, the last few years and first few years of the 20th and 21st
century in the Nigerian Housing Sector have been a total failure. Between 1973
and 2006, the Federal Housing Authority (FHA) built only 30,000 housing
units-nationwide.
Nigeria has a large and ever increasing housing
deficit which stood at approximately 8 million housing units in 1993 and 12-14
million in 2007. A recent estimate puts Nigeria’s housing deficit figure higher
at 16-18 million. “At an average cost of N2.5 million per housing unit, Nigeria
would require N35 trillion to fund a housing deficit of N14 million housing
units.’’ Says Olusegun Adeniji of Federal Mortgage Bank of Nigeria (FMBN) in
2007.
Several factors had been identified as responsible
for these shortages. According to Mohsin Khoda, a Land Acquisition Manager with
Kings Land Global Investment Company based in Dubai, “supply is limited while
demand is high due to increase in population.’’
In Europe, the expansion of European Union (EU), migrant
workers, increased divorce rate, longer life expectancy and overcrowding of the
major cities have been identified as the reason for the shortage. In contrast,
Nigeria’s urban housing problems manifest in overcrowding, mortgage, slum
housing, poverty and widespread institutional mediocrity.
According to the World Bank’s Doing Business 2008
report, getting a license such as construction permits or approvals in Nigeria
takes 16 procedures which require an average of 465days. These procedures are
complex, expensive and usually encourage illegal construction as well as slum
settlements with its attendant health and environmental issues as visible all
over the country.
Monday 27 May 2013
LAGOS LIGHT RAIL: ANTICIPATING A WORKING MEDIUM
By
Olumide T. Agunbiade and Olalekan Paul
WITH the capacity to
employ over 300, 000 workers, cover a distance of 57 kilometers and a
construction cost of about N500 billion (3 billion USD), the Lagos Light Rail
Project is arguably one of the biggest on-going projects in Africa.
The Light Rail is a bold statement by the state
government in its drive towards achieving a Mega City status for Lagos state.
Lagos, Nigeria’s economic hub accounts for about 65% of industry in the country
and contributes more than 70% of the nation’s economic output.
The light rail, which has its Blue Line near
completion, will transport 40, 000 commuters to and from work daily. The Blue
Line will have 13 stations and end- to-end journey will take only 35 minutes
approximately-a sharp contrast to the long hours it currently takes by road
coupled with the traffic nightmare.
According to CPCS Transcom, an infrastructure development consulting firm, and
transaction adviser to the Lagos State Government for the Blue Line project,
‘‘the infrastructure will consist of 27km of double track, 13 passengers
stations, and a 1250-metre 4-track bridge spanning the lagoon and connecting Lagos Island to the
mainland. The Blue Line will be the first of 7 light rail transit that will
eventually comprise the Lagos Urban Rail network.’’
On completion of the Blue Line, construction of
the Red line will commence. It will run from Marina to Agbado
in Ogun State.
It is expected that the line will share the existing 30 metres wide right-of-way
with the Nigerian Railway Corporation
(NRC) line.
QUICK LETTING: ANTHONY |May 27, 2013
DUPLEX
Description: 4B/R + BQ |In an estate|
Location: Anthony
Price: N2M
P/A
Contact: SUREGROUND
REAL ESTATE|08181330498|01-4544281
Description: 5
B/R+BQ| New House
Location: Anthony
Price: N2.5M
P/A
Contact: SUREGROUND
REAL ESTATE|08181330498|01-4544281
3 B/R FLATS
Description: 2T|2B
Location: Anthony
Price: N900K
P/A
Contact: SUREGROUND
REAL ESTATE|08181330498|01-4544281
QUICK LETTINGS:@ GBAGADA |May 27, 2013
2 B/R FLATS
Description: 2T|2B
Location: Gbagada
Phase 2
Price: N850K
P/A
Contact: SUREGROUND
REAL ESTATE|08181330498|01-4544281
3 B/R FLATS
Description: 2T|2B
Location: Gbagada
Phase 1
Price: N750K
P/A
Contact: SUREGROUND
REAL ESTATE|08181330498|01-4544281
QUICK LETTING: @ LEKKI |May 27, 2013
DUPLEX
Description: Serviced
4 B/R terrace duplex+BQ
Location: Lekki
Phase 1
Price: N5M|SC:
N750K
Contact: SUREGROUND
REAL ESTATE|08181330498|01-4544281
2 B/R FLAT
Description: Ensuite
Location: Lekki
Phase 1
Price: N2M
P/A
Contact: SUREGROUND
REAL ESTATE|08181330498|01-4544281
QUICK LETTING:@ IKEJA | May 27, 2013
DUPLEXES
DESCRIPTION: 5B/R + BQ
LOCATION: Off
Opebi Rd, Ikeja
PRICE: N5M P/A
CONTACT: HAMSTRUCT SERVICES LTD|08023223704|08135374450
DESCRIPTION: Serviced 4B/R+ 1RMS BQ + 4T/3B
LOCATION: Off
Opebi Rd, Ikeja
PRICE: N2.5M
P/A
CONTACT: HAMSTRUCT SERVICES LTD|08023223704|08135374450
Description: 2
Wings of 4 duplex+BQ| Newly Built
Location: Ikeja
GRA
Price: N6.5M/Wing|
RC: N450K
Contact: SUREGROUND
REAL ESTATE|08181330498|01-4544281
Description: 5
B/R Semi-Detached Duplex+BQ
Location: Off
Allen, Ikeja
Price: N2.5M
P/A
Contact: INTEGRATED
ESTATE SERVICES LTD|0803-33737841|0818-717-3571
QUICK LETTINGS: @ ILUPEJU| May 27, 2013
DUPLEX
Description: 2
Units of 5B/R + 1RM Bq
Location: Ilupeju
Price: N3M/Unit
Contact: SUREGROUND |08181330498|014544281
3 B/R FLAT
Description: 2
Nos of 3B/R Flat| New| All rooms ensuite|
Location: Ilupeju
Price: N2M
P/A
Contact: SUREGROUND |08181330498|014544281
QUICK LETTING: DUPLEX@ ILUPEJU|May 27, 2013
Description: 2 Units of 5B/R + 1RM Bq
Location: Ilupeju
Price: N3M/Unit
Contact: SUREGROUND REAL ESTATE|08181330498|01-4544281
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