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Residents of Magodo estate under the aegis of Magodo Resident Development Association (MRDA) have protested plans by the Lagos State government to create access road through Block 89 A, Magodo Extension Magodo, Lagos. The state government has recently deployed a heavy earth-moving caterpillar to clear the bushes and shanties along the end of Ashiru Shittu Street of Magodo scheme. Already, works at the channelization of canal between Magodo brooks and Omole Phase 2, have created a disharmony between residents and government leading to temporary stoppage of works at the site.

Aerial view of Lagos PHOTO: CLUTTONS Notwithstanding the redundancies mounting beyond the all-important oil sector, run-away inflation cutting property transaction volumes and investors apathy to real estate, a new report released by Cluttons Nigeria says, there is a bright spot in the Lagos commercial sector, especially the industrial market. The global real estate firm in its ‘Winter 2016/17 Lagos Commercial Property Market Outlook’ revealed that the market has remained fairly resilient in the face of a deteriorating economic

Accountant, Ifitech and Associate Limited, Edet Anietie (left); Managing Director, Ifeanyi Isaac; Executive Director, Susan Isaac and General Manager, Ngoha Johnson during the unveiling of Westpoint Gardens and Solid Base Estate in Lagos. Determined to contribute its quotas in reducing the prevailing housing deficit, a private developer and owners of WestPoint Gardens and Solid Base Gardens, Ifitech and Associate Limited has unveiled a low-cost housing scheme, which will provide residential accommodation for Nigerians. The company has entered into partnership with the government of

This is not the best of times for Lagos government as the nation’s economic recession has impacted negatively on the State’s Lands Bureau by slowing down land transactions to a record low of 30 per cent. Last year, the state authorities slashed various rates applicable to land transactions from 13 per cent to three per cent. For instance, consent fees was reduced from six per cent to 1.5 per cent while capital gains tax, previously two per cent , was reduced to 0.5 per cent.

Residential buildings stand under construction in Jining, China on Monday, May 30, 2016. Photographer: Qilai Shen/Bloomberg The “China property bubble” has come back to a headline-making theme but a quick look at the data uncovers a more nuanced picture, and how this time might be a bit different. The chart above illustrates the cyclicality of the housing markets, with an almost sinusoidal line that represents a monthly year-on-year growth in average house price index for 100 cities.

The Secretary-General of the United Nations Conference on Housing and Sustainable Urban Development HABITAT III, Joan Clos, speaks during a press conference in Quito on October 14, 2016, ahead of the HABITAT III meeting in Ecuador. The HABITAT III conference will take place from October 17 through 20 in Quito. Juan CEVALLOS / AFP A major milestone in the development of the world’s cities and towns was achieved at the weekend in Quito, Ecuador, with the successful adoption of a new framework that will set the world on a course towards sustainable urban development. The conference known as Habitat III brought together mayors, local and regional authorities, civil society and community groups, and urban planners. Mayors said the conference advanced the participation of local authorities in the global effort to achieve the Sustainable Development Goals.

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