New and cheaper property construction solution coming to Nigeria soon!!!!

[propertyinnigeria]

Welcome to Property In Nigeria is coordinating with manufacturers in China to facilitate the know-how and provide material to build prefabricated houses as a means of reducing the housing deficit.

what does this mean to us common men and women of Nigeria:

1. Ability to build a a quality house, cheaper, better and faster
2. Limited use of bricks
3. only need to buy the land
4. benefit from state of the art designs
5. very fast completion rate
6. low cost solution

here is a typical example
you have the land, it can be as big as you want as or small as you can afford

limited bricks


start the installation of the panels Attachment 59

detailed construction information will be available online or you can email ben.oguntala@propertyinnigeria.com for more information

As our solution is for the masses our aim is to be able to broker a deal that will enable the average nigerian to be able to afford to build one initial cost will vary between N4M - N6M depending on the size of property required but at least we are hoping to be able to provide properties like the bungalow below

[tbabatunde@yahoo.com]

@ Propertyinnigeria,

1. Have you considered if Banks will be willing to give people mortgage on this type of property, also insurance companies as well in regards to building insurance.

As our solution is for the masses our aim is to be able to broker a deal that will enable the average nigerian to be able to afford to build one initial cost will vary between N4M - N6M depending on the size of property required but at least we are hoping to be able to provide properties like the bungalow below.

2. N4M-N6M will actually build the bungalow below using traditional building methods. The expensive part of property development is the land acquisition and not neccessary the building cost except the price above is factoring in the cost of land which hitherto is dependant on Location.

Just my two penny

[olusolakemmy]

to be candid 4m-6m is not within the reach of the masses, morover, with conventional blocks and cement type of house, 3m should build a decent bungalow. depending on the area, cost of land greatly varies.

am sure your organisation will be seriously considering partnering with banks such that the masses can have access to the houses with say 30% down payment and completion over say 10yrswith little interest

howver, it is a welcome idea, but do work on the logistics to bring down the purchasing price and also make morgage arrangement, that way, you are addressing the masses, otherwise,the wealthy will hijack it, buy everything and rent it out to the MASSES!!!!!!!!!!!!!!!!!!!!!!!!!!

[afbom_ent]

We have Lands, Properties for sale in this areas:

Land at lekki phase 1...

Land at bank way ikoyi 3000sqm...Price 380m naira

Land at CMD road by old togate lagos-ibadan exp way ketu with 2nos of two bedroom flat for 60m naira...

A Duplex of 6bedroom nearly completed at amuwo/festec estension 20m naira

4flat at ikotun egbe area..from 14m naira to 7m naira

6 flat of bedroom each at ikotun for 14m naira..

We are God fearing people and we give our Customers the best in life by God's grace and favour.

acres of land at waziri ibrahim victoria island, lagos..Price: #2billion

1300sqm of land at victoria island...Price:200million naira

3000sqm with 4bedroom bungalow at park lane, beside corona school apapa...Price: 120million naira..

4 Nos. of two bedroom Duplex each upstair at ikotun panted...Price: 10million naira...

30 Acres fo land at mechanic bus/stop, lagos badagry exp way...Price: 400million naira..

2 Acre along oshodi-Mile2 road, with document...Price: 600million naira...

My contact is: 5, Obasanjo Ijaola street, Off Babalegba Bus-stop, Ijegun Road, Ikotun, Lagos. Tel: 08055349454, 08020575601

[tonidol]

Originally Posted by afbom_ent

We have Lands, Properties for sale in this areas:

Land at lekki phase 1...

Land at bank way ikoyi 3000sqm...Price 380m naira

Land at CMD road by old togate lagos-ibadan exp way ketu with 2nos of two bedroom flat for 60m naira...

A Duplex of 6bedroom nearly completed at amuwo/festec estension 20m naira

4flat at ikotun egbe area..from 14m naira to 7m naira

6 flat of bedroom each at ikotun for 14m naira..

We are God fearing people and we give our Customers the best in life by God's grace and favour.

My contact is: 5, Obasanjo Ijaola street, Off Babalegba Bus-stop, Ijegun Road, Ikotun, Lagos. Tel: 08055349454, 08020575601

What is your Coy name, your office address, your website, your bankers, your previous clients e.t.c.

[knightofdelta]

Is this kind of post supposed to be in this section?

[olusolakemmy]

Originally Posted by knightofdelta

Is this kind of post supposed to be in this section?

it is just that we dont have date of post attached to every post made on the forum.
this particular post was written around may 2007, although with little response.

yes, it doesnt discuss stocks and shares in anyform, but you must agree that it border on real estate investment which idealy should interest lots of people.

the guy that did the post didnt come back to give any further information as the lady that was marketing ibafo land did, also the person that was marketing one estate scheme in ajah too was updating us regularly on whats going.

none of those issues discuss stocks but talk about invesment opportunity!!!!!!!!!!!

so i think, its alright for us to welcome such thread, but must becareful to also guide against spam.

and qudos to zainab as she is always alerting the site administrator on spam thread and also advice to delete accordingly

[Michael]

Originally Posted by knightofdelta

Is this kind of post supposed to be in this section?

KOD, I didn't know you were also looking up property. The Kind of Property in the picture may have Insurance issues. And Insurance issues affect mortgages and bank financing. It does look nice for a hang out though!

[zainabusman]

Originally Posted by Michael

KOD, I didn't know you were also looking up property. The Kind of Property in the picture may have Insurance issues. And Insurance issues affect mortgages and bank financing. It does look nice for a hang out though!

I think Citec Int Mbora estate in Abuja uses the pre-fabrication concept. mid last year 2 bedroom bungalows (2 in a row) were going for about N5 million.

[billions]

Originally Posted by zainabusman

I think Citec Int Mbora estate in Abuja uses the pre-fabrication concept. mid last year 2 bedroom bungalows (2 in a row) were going for about N5 million.

How good is d locatn in Abuja,is it gonna be easy to rent out and do u hv an idea of wat d rent wld be?THX.

[zainabusman]

Originally Posted by billions

How good is d locatn in Abuja,is it gonna be easy to rent out and do u hv an idea of wat d rent wld be?THX.

The location is good. It is within the Gwarimpa axis if u know Abuja. The estate is on a major road. So no problem with access. The rent was N350,000per annum as at last year. No problem renting out as there is demand for such properties in Abuja.

I have been to the estate. I am actually thinking of puting down N2million deposit for it. Once the market stabilizes i will probably do so. I will find out the current price and let u know.

However, i advice u always see a property for urself b4 puting down money.

[billions]

Originally Posted by zainabusman

The location is good. It is within the Gwarimpa axis if u know Abuja. The estate is on a major road. So no problem with access. The rent was N350,000per annum as at last year. No problem renting out as there is demand for such properties in Abuja.

I have been to the estate. I am actually thinking of puting down N2million deposit for it. Once the market stabilizes i will probably do so. I will find out the current price and let u know.

However, i advice u always see a property for urself b4 puting down money.

Thanks for the information!

If we assume dat d current price is 6m,then the price to earning ratio wld be about 17.

I feel dat one shd be able to get a better ratio than dat in naija...especially if u decide to build d house urself.

Some UK properties have PE ratios bw 15 & 20...

I dont knw Abuja v. well....pls keep us posted on ur findings.Cheers.

[Michael]

Originally Posted by zainabusman

The location is good. It is within the Gwarimpa axis if u know Abuja. The estate is on a major road. So no problem with access. The rent was N350,000per annum as at last year. No problem renting out as there is demand for such properties in Abuja.

I have been to the estate. I am actually thinking of puting down N2million deposit for it. Once the market stabilizes i will probably do so. I will find out the current price and let u know.

However, i advice u always see a property for urself b4 puting down money.

I take it they are still some available any 3 bedroom Flats there and what is the Security like in this area.

[zainabusman]

Originally Posted by billions

Thanks for the information!

If we assume dat d current price is 6m,then the price to earning ratio wld be about 17.

I feel dat one shd be able to get a better ratio than dat in naija...especially if u decide to build d house urself.

Some UK properties have PE ratios bw 15 & 20...

I dont knw Abuja v. well....pls keep us posted on ur findings.Cheers.

The difference with the UK is that N6 million (roughly 25,000 pounds) can buy u a 2 bedroom bungalow in Abuja while in the UK it will probably amount to just 25% deposit for a two bedroom flat that costs 100,000 pounds. So if u factor in ur mortgage cost ur returns might not be as high as u thought.

A house is all about location. For example u can buy a decent two bedroom bungalow in Kano for N3 million but u cannot do that in Lagos or Abuja. So it all depends on the location.