This blog is about Lekki Properties.
These properties are located a few minutes from the Lekki Free Trade Zone, the Lagos Free Trade Zone, West Africa's largest deep sea port and the proposed new international airport.
Properties available are 6 bedroom detached villas, 5 bedroom homes, 4 bedroom homes and 3 bedroom apartments.
Prices of these properties are from N25m upwards, but you can pay an initial N1m deposit and enjoy 2 year interest free flexible payment plan or with a 15 to 20 year mortgage.
Get more information about Properties in Lekki.
Thursday, September 10, 2009
Tuesday, September 1, 2009
Lagos V.I. 1004 Estates Situation Report
This post is a continuation of Victoria Island 1004 Flats.
A visit to 1004 Estates reveals that apart from the delays in the 3 Bedroom apartments on the high rise buildings, the low rise buildings are indeed ready for allocation.
An official of the company who prefers to remain anonymous explained that during the allocation process, subscribers who hitherto did not know their particular apartments would now be shown their specific units. He however explained that such subscribers must have fully paid up their subscription fees and shown proof of payment. He said this process is important because some subscribers only paid 80% of the subscription and must complete payment before they are allocated their units.
The event that will follow the final handing-over of the apartment's buildings to respective subscribers is expected to be interesting as industry watchers are already predicting a ripple effect on prices within and outside the estate.
Some real estate pundits are of the opinion that the eventual allocation of the units would lead to further price rises within the estate, both in rental and outright sales rates. These assumptions are premised on the fact that the price trend within the estate even when the apartments were yet to be allocated showed a 100% increase in prices between 2006 and 2009. In 2006, a 2 Bedroom apartment within the estate sold for N20 million, but currently sells for between N35 million and N40 million.
Get Real Estate in Victoria Island, Nigeria.
A visit to 1004 Estates reveals that apart from the delays in the 3 Bedroom apartments on the high rise buildings, the low rise buildings are indeed ready for allocation.
An official of the company who prefers to remain anonymous explained that during the allocation process, subscribers who hitherto did not know their particular apartments would now be shown their specific units. He however explained that such subscribers must have fully paid up their subscription fees and shown proof of payment. He said this process is important because some subscribers only paid 80% of the subscription and must complete payment before they are allocated their units.
The event that will follow the final handing-over of the apartment's buildings to respective subscribers is expected to be interesting as industry watchers are already predicting a ripple effect on prices within and outside the estate.
Some real estate pundits are of the opinion that the eventual allocation of the units would lead to further price rises within the estate, both in rental and outright sales rates. These assumptions are premised on the fact that the price trend within the estate even when the apartments were yet to be allocated showed a 100% increase in prices between 2006 and 2009. In 2006, a 2 Bedroom apartment within the estate sold for N20 million, but currently sells for between N35 million and N40 million.
Get Real Estate in Victoria Island, Nigeria.
Properties in Victoria Island, Lagos: 1004 Estate Flats
If the information coming from the management of the 1004 Estates Ltd is anything to go by, new owners of the revamped Federal Government Civil Servant quarters may now finally have their units within the estate allocated to them.
The management of the estate in a recent public notice announced that it had started the allocation of units in the low-rise buildings to subscribers, putting an end to years of speculation. however, to real estate pundits, the final allocation of units may bring about a new price and investment regime within and outside the estate.
Efforts at bringing back to life the lost pride of the renowned 1004 Estate in Victoria Island dates back to 2006 when the whole estate was leased by the Olusegun Obasanjo administration to a formidable team of investors led by UACN Property Development Company (UPDC) Plc. After a series of biddings, the bid that eventually sealed the deal was valued at N7 Billion.
Get Lekki and Victoria Island Houses today.
The management of the estate in a recent public notice announced that it had started the allocation of units in the low-rise buildings to subscribers, putting an end to years of speculation. however, to real estate pundits, the final allocation of units may bring about a new price and investment regime within and outside the estate.
Efforts at bringing back to life the lost pride of the renowned 1004 Estate in Victoria Island dates back to 2006 when the whole estate was leased by the Olusegun Obasanjo administration to a formidable team of investors led by UACN Property Development Company (UPDC) Plc. After a series of biddings, the bid that eventually sealed the deal was valued at N7 Billion.
Get Lekki and Victoria Island Houses today.
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