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Land Use Act, Politics Threaten FG N200bn Social Housing Project Housing industry experts have pointed out that the Land Use Act, politicking, and individual interests are potential threats to the Federal Government’s ambitious plan to deliver 300,000 housing units throughout the nation’s 36 states and the Federal Capital Territory, Abuja…Managing Director, Propertygate Development and Investment Plc, who noted that the FHFL’s 300,000 housing initiative was shrouded in secrecy, said housing was not just erecting brick and mortar….Read more
Housing supply in Lagos mainland declines as millennials opt for smaller apartments The number of property developers starting construction in the Lagos mainland have tumbled by 80 per cent, following a major shift in Nigeria’s residential demand by the young professionals…Managing Director , Propertygate Development & Investment Plc., Adetokunbo Ajayi, said the desire for exclusivity and the need for sustainability may partly account for the low supply of apartments in the mainland….Read more
LASRERA seeks professionals’ support to curb unethical practices Lagos authorities have appealed to practitioners to join hands with government to eliminate unethical practices in the real estate industry. The government also want them to ensure that perpetrators of dubious activities are dealt with in accordance with relevant provisions of the State Law…. Read more
Housing an Economic Bright Spot of America’s 2021 Economy According to top economists speaking at an online press conference in conjunction with IBSx, the 2021 virtual International Builders’ Show this week reported that as the country continues to rebound from the impact of the COVID-19 pandemic, housing has been a bright spot in the economic recovery…. Read more
U.S. Housing Market Predicted to be Even Hotter in 2021 In the week ending January 24, 2020, U.S. home-sale prices soared 18% and pending sales grew 28% from the same period last year. Fifty-five percent of homes that went under contract that week found a buyer in 14 days or less–the largest share to sell that quickly in at least nine years (Redfin data on this measure goes back through 2012)…. Read more
World cities prime residential forecasts 2021 Average growth for the cities in the index is forecast at 1.6% for 2021. Sentiment is improving as the rollout of the Covid-19 vaccine begins in many countries and, despite the uncertainties which still linger, prime residential property is expected to remain an active market…. Read more
Did you know about the toilet house in South Korea? The first ever toilet-shaped house was built 40 km from Seoul, which is the South Korea’s capital. The owner, Sim Jae-Duck, invested $ 1.6 million in it. What should not surprise you is that he is the president of the World toilet Association. The Toilet-shaped House covers an area of 4508 square meters and it has four luxury bathrooms…. Read more
Extravagant Ring-Shaped Sheraton Huzhou Hot Spring Resort Spares Energy in China
The design is based on the idea of unity and infinity. At night the ring is reflected in the lake and looks like a full luminescent moon. The luxurious development has porticoes and ceilings inlaid with Citrine, which is a type of jade that symbolizes wealth, while Red Rose Cryloite and Silk Road Cryolite are used as decoration for front and concierge desks…. Read more |Informative |Educative |Entertaining
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