Manager of Revenue Enhancement and Resource Mobilization at the Ministry of Local Government and Community Development Calvert Thomas says the Government is willing to work with persons who may have challenges to meet their property tax obligations. Thomas, in an interview with JIS News, said Jamaicans who find themselves in situations where they cannot pay their property tax may apply ...

Two of China’s top developers are teaming up in a move that underscores consolidation in an industry hit by a market downturn. China Vanke, the country’s largest homebuilder, has formed a partnership with leading commercial property developer Dalian Wanda Group for strategic cooperation on land purchases and joint project development. The shares of both companies rose after the announcement on Thursday. ...

A company led by David Edelstein, the head of New York real estate group TriStar Capital, acquired a property in Miami’s hot Wynwood neighborhood for $10.23 million. The price equates to $588 per square foot for the retail space at 3322 N. Miami Ave., just on the edge of Wynwood near Midtown. That may sound pricy, but other Wynwood properties ...

A Mortgage is described by the Lagos State Mortgage and Property Law to be the transfer of any interest in a specific movable or immovable property, for the purpose of securing the repayment of a loan against an existing or future debt, or the performance of an engagement which may give rise to pecuniary liability. A Mortgage also includes any ...

The Lagos State Governor introduced the Tenancy Law in 2011, stating that the responsibility now falls on all property owners to make life bearable for those who rent their properties. How has this Law worked so far? Section 4(3) states that for new tenants, it will be unlawful for a landlord or his agent to demand or receive rent in ...

What is today known as ‘FESTAC’ sprang from the 2nd Festival of Black Arts and Culture hosted by Lagos in 1977. The Festival which was under the grand patronage of former President of the Federal Republic of Nigeria, Chief Olusegun Aremu Obasanjo who was then a Lt. General of the Nigerian Armed Forces and the Head of the Federal Military ...

In an interview with Elsie Godwin of Nigeria Real Estate Hub, the acting MD of New prudential Mortgage Bank, Mr. Lanre Afolabi who has garnered over 15years experience that span through Financial service sector: ranging from mortgage banking through investment/commercial banking and Real Estate, said NMRC is not as straight forward as people would think.   Read Below: How would you describe ...

Investigations have revealed controversies surround the payment of the N24.56 billion bond raised to ensure the successful implementation of the federal government’s housing monetisation scheme in 2005. The Bond issuance programme, according to documents obtained by Daily Trust, was initiated at the instance of the Federal Government of Nigeria by the current Minister of Finance, Dr Ngozi Okonjo-Iweala 10 years ...

After joining the ranks of JSE-listed property companies in December, Pivotal Property Fund (Pivotal) is growing its exposure outside South Africa, for now focusing on Nigeria. Pivotal announced on Wednesday that it plans to acquire a 37.1% shareholding in an office block development in Lagos, Nigeria, valued at $104 million (R1.2 billion). This will be in partnership with multinational energy ...

In 2009, at least five cities were ahead of Bengaluru—India’s technology heartland—on the list of the country’s top real estate markets. Not anymore. A survey by property data company, PropEquity, has found that the southern Indian city is now the country’s leading real estate destination, beating Mumbai, Pune, Thane, Noida and Chennai, which were ahead of it six years ago. The lists are based ...