Intercontinental Homes Finances County Estate Project (Lagos)

Intercontinental Homes Savings and Loans Limited is set to put smile on the faces of middle income earners by financing 174 housing units estate in Agege, Lagos, Nigeria.

The project which would cost approximately N1b would be completed in June 2008.

The estate comprises 29 blocks of flats, with each block accommodating six flats. It has special amenities like borehole, with water treatment plant, dedicated transformers, car park space and power generation plant.

The selling price per unit of house goes for N10m.however, a mortgage facility is being provided for subscribers.

LETCO Develops N9billion Estate at Ikeja, Lagos

A Nine billion Naira Estate development has commenced at Oregun, Lagos , Nigeria . The estate First Salem Housing Estate is financed by Lagos State Executive (Thrift and Credit ) Cooperative Society.

The developer, Real Estate Emporium Limited said the estate would be built in phases.

The first phase would comprise 206 units of flats at a cost of 3 billion Naira.

To own a home in the estate requires a down payment of 30% of the total cost and balance could be paid in installment within 20 years.

The Managing Director of Micheal Adedeji Real Estate Emporium Limited said Mortgage on the houses would attract 15% interest and twelve months period of grace.

A two-bedroom standard flat would cost 10 million Naira; two-bedroom luxury flat would sell for 18.5 million Naira; four bedroom luxury flat costs 20.5 million Naira while the penthouse costs 20 million Naira.

The estate is complemented with network of roads and street, perimeter fencing, central sewage system, schools, shopping malls, club house, standby electricity plant, good drainage network and professional security service.

For years LETCO has been in forefront of estates developments in Nigeria . Their works include: 5 billion Naira Lekki Foreshore housing Estate in Lagos , and the APIICO-shelter Afrique Housing Estate in Uyo , Nigeria .

DNMeyer Plc begins ‘Paint Now and Pay Later’ Scheme

Have you ever wondered why some beautifully constructed buildings stand without being painted after several years? To alleviate this problem, and make finishing easier, Nigeria’s foremost paint industry DNmeyer Plc has pioneered a scheme to make its paints products available to consumers. The Scheme ‘DNmeyer Paint Now and Pay later’ is a short-term credit facility financed by FirstBank Nigeria Plc.
The purpose of the scheme is to provide opportunities for the consumer (Corporate & Individuals) to purchase premium paint products that are readily available without feeling a sharp depletion in their cash flow. The pains disappear with the obvious gains that a good decision in premium products will provide in beautification, protection & preservation. Read more