ChangeAgent Property

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

Governor Ambode Lagos offers hope for Nigeria, Utomi. Lagos State Governor, Mr. Akinwunmi Ambode on Thursday reeled out the numerous investment opportunities that abound in the state to would-be investors in critical sectors such as Power, Agriculture, Transportation, Health, Tourism, Housing, ICT and Manufacturing, just as he assured that the state is open more than ever before for greater business. Governor Ambode, who spoke in Lagos at the formal unveiling of the Office of Overseas Affairs and Investment, otherwise known as Lagos Global, said in anticipation of the increased socio-economic activities, his administration has resolved to prioritize the achievement of the four pillars of the Lagos State Development Plan (2012-2015) which included economic development, infrastructural development, social development and security, and sustainable environment.

Hong Kong's fifth richest man spent nearly £50m on diamonds, which he named after his daughter Josephine A flamboyant Hong Kong billionaire who bought the world's most expensive diamondis expected to buy a skyscraper in the City of London. A company controlled by Joseph Lau, Hong Kong's fifth richest man, is set to buy 88 Wood Street, according to the Evening Standard. Chinese Estates is buying the tower, designed by Richard Rogers, for £270m. His company also owns Goldman Sachs' London headquarters, and he previously owned a house in Belgravia with a gold-lined swimming pool. In November, Mr Lau, who is worth £8bn, spent almost £50m on two diamonds in less than 24 hours, and named both after his daughter.