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Showing posts from July, 2016

Lagos State Public Works Corporation is Working

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This week carried out Maintenance/Palliative works on the underlisted roads in the following Local Government Areas. AGEGE LOCAL GOVERNMENT 1. Dopemu rd/Okeho st, Agege 2. Agege road network ALIMOSHO LOCAL GOVERNMENT 1. Akowonjo road network, Alimosho 2. Atan road, Ipaja, Alimosho 3. Ajisebiaramecca, Alimosho 4. Shasha road network, Alimosho 5. Akowonjo Rd, Egbeda to Dopemu, Alimosho BADAGRY LOCAL GOVERNMENT 1. Ajido round about inward Ilado, Badagry 2. Topo rd, Army Barracks-Ajido,

Eko Atlantic City Project will Boost Lagos Econony, Increase IGR - Ambode

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...Says project will save Victoria Island from Ocean Surge ...Pledges support for speedy completion Lagos State Governor, Mr. Akinwunmi Ambode on Sunday embarked on an extensive tour of the Eko Atlantic City (EAC) Project, expressing confidence that the initiative will not only boost the economy of the State, but also increase its Internally Generated Revenue (IGR). Governor Ambode, who was accompanied on the tour by members of the State Executive Council, pledged the total commitment of his administration towards the success of the project, saying that it would go a long way to facilitate the quest to grow potentials of the State economy.

Advert: THE RESIDENCES ON SALES AT FESTAC

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UPDC'S UNIQUE PROPERTY INVESTMENT OPPORTUNITY! One location. May Pleasures Festival Mall: Cinema of 4 viewing bays | A total of 46 shops Anchor tenants include Silverbird cinemas and Shoprite

Advert: The Green Alternative: FARMS for Sale!

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It is high time real estate investors looked in the direction of the Green Alternative. “The Green Alternative,” recently launched by the Federal Government of Nigeria, contains objectives, policies and interventions needed to be put in place in order for Nigeria to achieve self sufficiency and become a major exporter of agricultural products. The 129 page document was unveiled by the Agriculture Minister Audu Ogbeh. It contains incentives for investors in Agriculture and this means that Agricultural land could become one of the most desired in real estate over the next three years.

Hope For Rent or Buy a Home

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I was only 12 years old when I saw my mother pay our house rent for the first time in her life. That was a defining moment for her. She had managed to save some money to avoid us being thrown out on the street. My Father had answered the ultimate call and had gone to the beyond. Life was tough and so was our Landlord. He increased our rent as he pleased, well aware we had no option. I made up my mind. I had to build my Mother a house befitting for a Queen. She had to leave that scary

Why you Need Building Plan Approval

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After ownership of land, one of the most intricate aspects of erecting a structure is processing a building plan approval. Having buildings erected on a large expanse of land without building plan approval is like running a government without laws guiding it. Building plans are the first tangible thing that depicts the picture of the buildings we have imagined. Building plans are the graphical representation of what a building will look like after construction and also helps in the process of evaluating the cost of erecting such a structure.

Real Estate Success Stories Series- Jay London

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Subject-2 Saves Owner, Expands Investor's Portfolio I started buying homes "Subject-To" in November 2011. Since then I have bought 6. My grand exit-strategy is to market them as Owner Financing deals for credit challenged people. Here is an example of a Subject- To deal I just got last week. Very nice little 2 bedroom in a mid income neighborhood. Seller contacted me off one of my marketing ads and said that he wanted to sell. Of course I did my homework before returning his call. Home is worth about $50,000 and Seller owes $37,000. The sellers payments are $350 per month.

Advert: Plot of Land For Sale at Otunla by Lakowe Golf Course

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Plot of Land fenced and gated for sale at Otunla around Lakowe Golf Course Ibeju Lekki, Opposite Oakwood Garden. Facing a major road and very prime. Price: N7million

EB5 Investment- Imperial District Lofts | Sugarland, Houston

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Houston EB5 was formed to give investors around the world the opportunity to invest in ground breaking real estate projects in Texas through the EB-5 visa program. The EB-5 program, administered by the United States Citizenship and Immigration Service (USCIS), provides foreign nationals with the opportunity to receive permanent residency in the

ADVERT: RESIDENCE DE LA PAIX PROJECT (RDP) – IBEJU, LEKKI

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RDP is a 2000-units gated community comprising of 2 and 3 bed apartments. This affordable housing project is developed by Mixta Nigeria (Formerly ARM Properties) one of Nigeria’s leading Real Estate Development Company. Located in Ibeju Lekki in close proximity with Lakowe Golf Course. As an investment property RDP gives you an instant profit of over N4, 000,000 when compared to most prime

Update of “The Wings” Tower, Ikoyi Lagos

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Barely two months since our last update, the progress of the Wings towers, are beyond words! A recent site visit on Friday the 22nd of July 2016, at about 12:30pm, by 3invest’s research team revealed many exciting facts about the development. This visit was made possible by the project managers Bovell Ross and its purpose was tho shed light on the building developments, as well as to ascertain if they were any changes with regards the estimated date of completion, since our last update in May, 2016. The visit started with a sit-down discussion with Mr Marcus Ross, the

HOUSTON EB5 Completes Astoria After 2 years and Launches its First Hotel and Residences in San Antonio

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The $70 million Astoria high-rise residential tower held its Grand Opening on 11th May 2016 – 2 years after construction commenced in 2014. The tower received a great deal of interest with all 75 residences being sold-out before construction on the project was concluded. In 2010, Houston EB5 tapped a federal program targeting wealthy foreigners to fund their real estate projects; a $70 million residential tower in the vibrant Houston Galleria area called Astoria and a $48 million 8-story, 242-unit apartment building in the heart of Downtown Houston called Block 384. The raise for Astoria was completed with $30M from EB5 investors and the raise for Block 384 with $12M. 3INVEST in partnership with Houston EB5 are raising capital for Thompson Hotel and Residences San Antonio in the region.

Advert: Arike's Exquisite Interiors

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Arike's Exquisite Interiors is our partner. We produce and Install: Duvet, Window Blinds, Window Curtain, Wallpaper, Roller Blind, Bed

President Buhari Commissions $1.457bn Abuja-Kaduna Rail

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President Muhammadu Buhari has commissioned the $1.457 billion Abuja- Kaduna rail services. The President at the commissioning at Idu Station in Abuja on Tuesday said that the federal government would link all states and commercial centres in the country with rail lines. The president later took a train ride from Idu to Kubwa, a suburb of Abuja. Nigeria’s first high speed rails system which connects federal capital city Abuja and northern commercial capital Kaduna begin commercial operations as

‘Land Documentations Worsening Lagos Housing Deficits’

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Commissioner for Housing, Prince Gbolahan Lawal, Commissioner for Information & Strategy, Mr. Steve Ayorinde and Special Adviser to the Governor on Housing, Mrs. Aramide Giwanson and Permanent Secretary, Ministry of Housing, Arch. Foluso Adebayo Dipe: PHOTO /lagosstate.gov.ng The preponderance of Lagos State government placing undue bottlenecks in securing Land titles and documentations have been identified as a major clog in the wheel of the state’s effort at ensuring affordable and habitable housing for her teeming population.Of the 17 million housing units needed to satisfy the accommodation needs of Nigerians, Lagos State boasts of two million housing units deficit and will need at least, 187,500 new homes over the next five years to meet the needs.

Advert: Newly Released 8 Units of Detached and Semi-Detached Elegant Homes at Ikoyi

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LIVE IN YOUR DREAM HOME @ The Address Homes, Bank Road, Ikoyi Did you miss out on our Ikoyi series? Here is an opportunity to own one of our luxury homes. Due to high demand, The Address Homes, Ikoyi offers newly released 8 units of detached and semi-detached elegant homes, built to top unique architectural standards with modern top end finishing for your enjoyment. Each unit with its unique view and serene spatial arrangement. Each house is a tastefully finished 4 Bedrooms Luxury 4 nos. detached and semi-detached home with 1 en-suite maid

Ambode Flags off Epe-Marina Lagoon Reclamation Project

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...Says Badagry-Marina Project to be delivered in August ...Inspects Roads, Bridges, Housing Schemes in Epe, Lekki, Ajah Lagos State Governor, Mr Akinwunmi Ambode on Tuesday embarked on extensive inspection of on-going projects across the State, where he equally flagged off the world class Epe-Marina Lagoon reclamation project aimed at giving a quantum leap to the tourism potentials of the State.

Stakeholders Urge Government to Resurrect Home Completion Loan Scheme

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Convener Abuja Housing Show, Festus Adebayo (left); Senate President, Sen. Bukola Saraki; National Organising Secretary, APC, Osita Izunaso; Kano State Governor, Abdullahi Umar Ganduje and Minister for Power, Works and Housing, Babatunde Raji Fashola at the opening ceremony of the 10th Abuja Housing show, recently Convener Abuja Housing Show, Festus Adebayo (left); Senate President, Sen. Bukola Saraki; National Organising Secretary, APC, Osita Izunaso; Kano State Governor, Abdullahi Umar Ganduje and Minister for Power, Works

Nigeria Ranked 83rd in Global Real Estate Transparency Index

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Global Real Estate Transparency Index A newly released biannual Global Real Estate Transparency Index (GRETI) 2016 by property consultancy firm Jones Lang LaSalle (JLL), Nigeria ranks 83rd out of 109 markets covered.Nigeria’s real estate transparency score was 3.8 in 2016, a marked improvement in transparency. The scores in the Index range between one and five, with one representing the highest level of transparency and five being the least transparent. The index reveals, which countries provide the most favourable operating environments for investors, developers

Government Urges Regulatory Bodies to Instill Professional Standards

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Mr Babatunde Fashola, Minister of Power, Works and Housing. To curtail future occurrence of disasters arising from building collapse, the Federal Government has urged built environment professional bodies to instill professional standards expectations in their respective statutory mandates. Minister of Power, Works and Housing, Babatunde Fashola who spoke, at the Annual Building and Construction Roundtable organised by the Quantity Surveyors Registration Board of Nigeria (QSRBN) said, that the high incidents of

Nautical Architecture along the Lagos Lagoon

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This nautical architecture is a beauty. 5C Tower, mixed use (offices (predominantly) and restaurants at rooftop and water/jetty level), was designed in 2006 to overlook the 5 Cowrie Creek, situated on Victoria Island and looking toward Ikoyi. Its original intended location is now occupied by the Lekki -Epe expressway

Lagos is the Door into Nigeria- by Air and Sea. (Ibeju Lekki is the New Gold)

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It is pure wisdom to get a slice of Lagos or its Environs Ibeju-lekki  is a town just 30minutes drive from the island *CBD of Lagos and the nerve centre of business with the Introduction of the FREE TRADE ZONE and DANGOTE’S REFINERY in this axis a lot of things and business purposes have sprang up Of recent the lagos state government came up with the smart city This Smart City is a prototype of Dubai.

POSITIONING A BEDROCK OF A GOOD INVESTMENT

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Owning a property within the NEW LAGOS (IBEJU LEKKI) is what I classify as a good investment on every scale. This place is expecting an inflow of over 50,000 people in less than 3years from now due to establishments like: • THE NEW INTERNATIONAL AIRPORT • DANGOTE REFINERY • LEKKI SEAPORT • LEKKI FREE TRADE ZONE • 4TH MAINLAND BRIDGE • LAGOS BUSINESS SCHOOL • CATHOLIC UNIVERSITY • DUBAI LAGOS SMART CITY • BEACH AND GOLF RESORTS, ETC.

Real Estate Expert: 2 Great Ways To Find Investment Properties

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Russ Whitney Thanks to the Internet and plenty of online resources, your next investment property may be just a click away. I'm not suggesting that you should invest in properties in other states or other countries. If you're just beginning, keep it simple and invest in the markets you know best - in your own backyard. A quick search online can yield a goldmine of properties in your own market. Top Online Sources For Finding Investment Deals: Here is a list of the site that I use personally in finding investment property deals:

Land Grabbing Set to Become a Criminal Offence in Lagos

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Activities of land grabbers and speculators in Lagos State will soon be under permanent check as members of the State House of Assembly has, at its plenary on Tuesday, passed a bill which seeks to criminalize what has come to be known as `land grabbing` into Law.  The bill, which was passed after the third reading, prohibits forceful entry and illegal occupation of landed properties; violent and fraudulent conduct in relation to landed properties in Lagos State and for connected purposes and has duly been sent to the Governor, Mr. Akinwunmi Ambode for his assent.

Now Selling @ Anu- Ani Mega City Asaba Road Delta State.

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Tastefully built 10 units of 3 Bedroom Apartment now available for sale. Designed for relaxed and refined living; its rooms capture the quiet beauty of nature. The result is a spectacular escape where you can leave the world behind and focus on one thing-NATURE! Privacy,Quality finishes and the Price tag will also leave you speechless but wait until you see it for yourself. These are just some of the elements that make "living in Rose Silver" so appealing.

Now Selling @ ROYAL-- OAK Estate.... Osborne 2 , Ikoyi Lagos ...

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Terrance Town House with a pent Houses. Price: N120million............ Title: C of O The details follow with pictures" .... ....

Zillenium unveils Green City Estate, Targets December Date

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Green City estate, Ogun State In a novel move to increase the housing stock, a property developer, Zillenium has unfolded a new affordable residential development situated along Lagos- Ogun mega city corridor. Green City, Estate, Isheri as the estate is called, offers elegant apartments built to top unique architectural standards and situated on a 4.1 hectares of land, within Riverview Estate and close to Channels TV, Lagos. Upon completion between 24-36

Senate President, Fashola for Abuja Housing Show

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President of the Senate, Dr. Bukola Saraki The Senate President; President Bukola Saraki, Speaker House of Representatives; Hon.Yakubu Dogora, FCT Minister; Mohammed Bello and Minister for Power, Works and Housing, Babatunde Raji Fashola are among digniatries expected at the Abuja Housing Show opening tomorrow at the International Conference Center, Abuja. The 1Oth edition of the Abuja Housing Show is set to introduce a new dimension to the quest for affordable housing delivery, by dedicating quality

Housing Market Trends Report: Summer 2016

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How today’s buyer searches for—and chooses—a home We’re midway through the year and the real estate season is in full swing. What better time to take a temperature check—not on the summer heat, but on how buyers search for homes? Data from the Zillow® Group Marketplace Report reveals some interesting new facts—and confirms other established ones—about the evolution of buyer behavior. While the average buyer takes a little more than four months to find their new home, younger millennials (age 18–24), spend the least amount of time

Ambode Vows to Make Badagry Africa’s Hub of Tourism

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Presides over exco meeting in ancient town …Commissions Asphalt Plant Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday presided over the State Executive Council Meeting held at the VIP Chalet in Badagry, just as he said that his administration has fine-tuned plans to make the ancient town of Badagry a hub of tourism and resort enterprise in Africa within the next 18 to 24 months. The Governor, who spoke to journalists

Nigeria, 74 others for Real Estate Expo in Germany

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With housing as part of economic development strategy of every nation, the private real estate developers and the government are continually seeking strategies to boost the housing sector. Nigerians will be joining over 18,985 visitors, amongst who are decision makers to the 19th International fair on Real Estate and investment scheduled to hold October in Munich, Germany. The forum is the largest business-to-business expo for property and investment in Europe since 1998.

📌10 Important Tips for New Real Estate Agents Looking to Succeed in the Industry📌

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    👉 BUILD YOUR BRAND:  Most of you will get your start with a well known packages and this does come with many benefits. However, in the grand scheme of things, you are still on your own when it comes to your success or your failure. Make it a point to build your brand a brand of one with your marketing materials, your advertising, your niche market and the way you go about your business on a daily basis. Be a part of a team, but position yourself as the star of your team.        👉 SOCIALIZE & NETWORK Social media marketing relationships are key to your success. And while it is still absolutely necessary to network

Why Ikoyi is now Residential Tenants’ Place of Choice

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Mirama Towers, Ikoyi, Lagos A new era is dawning on Ikoyi, the most exclusive high-brow residential estate in Nigeria as the demand for prime rental property has slowed down and new trends are being adopted by investors to attract upwardly mobile young professionals. In fact, renting upmarket property has traditionally been the preserve of multinational corporates and large size local companies, however, as the economy continues to contract, with signs of recession looming, companies and families are reviewing their residential requirements and adjusting to the rapidly changing markets.

Where Exactly Is Ibeju Lekki?

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If you ask ten real estate practitioners where Ibeju Lekki, the fabled hot real estate investment destination is, you will get ten different answers. In this article, we seek to answer this question to everyone’s satisfaction. Ibeju-Lekki is where you have the Lekki Free Trade Zone, Lekki Deep Seaport, Smart City Dubai Lagos, Dangote Refinery and Petrochemical Industry, Dangote Fertilizer Plant, International (Cargo) Airport, Lekki International Golf Course, Pan Atlantic University, Eleganza Industries and so on. That is why it is touted as the ideal investment destination for property investors. To the potential investor however, the important question is where exactly is Ibeju-Lekki in this regard? To answer this question, we will explain Ibeju-Lekki under three broad locations

Niger Delta Clean-up throws up Valuation Jobs for Surveyors

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NIESV President, Patunola-Ajayi An unprecedented scale of valuation jobs may have opened up for estate surveyors, after months of uncertainty that pervaded the property market, leading to slowing down of transactions and cut in the rental values in some highbrow areas of the country. In this latest move, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) is attempting to edge out quacks and standardise the valuation process in order to ensure that the outcome of valuation for compensation guarantees the sustainability of the Nigerian environment.

Stakeholders Seek Single Digit Interest Rate for Mortgage Loans

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Still grappling with the problem of access to long-term fund for housing, stakeholders have urged the Federal and State governments to maintain the single digit interest rate in mortgage loan even if it requires subsidizing for the low income earners. They also stressed the need to proffer local solutions to mortgage financing by considering generational mortgage financing where tenor could be extended beyond the original mortgagee for continuity. In a communiqué issued at the end of the 2016 National Summit on

Nigeria’s Retail Sector Upbeat, as New Maryland Mall Berth

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Maryland Mall, Lagos Indigenous investment firm, Purple Capital Partners Limited (PCPL), has sunk its roots in the Lagos retail sector at the Mainland area of the state, with a N5 billion Maryland mall. The retail real estate, according to a recent report by Cluttons Nigeria, remains attractive to foreign investors. In fact, developers are already rushing new schemes to the market, particularly at the smaller end of the scale, with Lagos seeing an increased development pipeline of smaller centres of fewer than 5,000 square metres.

Developer Unveils Port Harcourt’s Garden Heights Estate

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The newly completed Scheme 1 in Port Harcourt, Rivers State One of the leading private estate developers that provide affordable premium housing, Port Harcourt Gardens Limited (PGL) has launched its multi-billion naira Garden Heights Estate located at GRA Phase III, Port Harcourt, Rivers State. The over 200 housing unit estate represents the Scheme 1 of the project with about 24 housing units, comprising of studio, one, two and three bedroom apartments including semi-detached bungalows and fully detached duplexes.

RHAPSODY OF REALITIES SUNDAY, 3RD JULY

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Daily Devotional  THE LIFTING OF OUR HANDS. I will therefore that men pray every where, lifting up holy hands, without wrath and doubting (1 Timothy 2:8). The Bible shows us something remarkable on how the children of Israel recorded victory over the Amalekites. Moses had instructed Joshua to take soldiers to fight Amalek. Joshua did as Moses instructed, but Moses decided to go to the top of the hills, with Aaron and Hur, whilst Joshua battled the Amalekites.

Advert: Luxury Apartments for sale at THE EMPIRE- ROYAL APARTMENT

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Are you Looking for a Luxury Apartment to Buy (Live in, use for Short Let, or to Resell) think of Deluxe Residences. Deluxe Residences just launched an exclusive project - THE EMPIRE- ROYAL APARTMENTS, located at the Water Corporation Road off Ligali Ayorinde Street, Victoria Island. THE EMPIRE is situated just next to Eko Atlantic City. The Empire Royal apartments has a large living room, a large kitchen, all ensuite and an inbuilt maid’s room.

List of Regulatory Bodies in Nigeria Real Estate

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The Real Estate Industry is a massive one and it’s no wonder there are quite a number of regulatory bodies for the various professions contained in the industry. The regulatory bodies in Nigerian Real Estate include but are not restricted to the following; Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) is the regulatory body for controlling and setting standards for real estate and valuation practice in

21 Facts About Dangote’s Refinery and Petrochemical Plant

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1. Over $4 billion worth of equipment currently sits on the site. 2. The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity. 3. The project site is larger than Victoria Island. It is located on 2135 hectares of land in Ibeju Lekki, Epe axis, Lagos near the Lekki Free Zone 4. It is the largest industrial complex in Africa 5. Work goes on, on the site, 24 hours a day, 7 days a week