Chinese real estate impresario Dai Zhikang had made the “bold” decision to get out of property investment and look to investing in the arts. According to an article in the South China Morning Post, The founder and chairman of Shangahi’s Zendai Group compared the recent property market rise to a “dead cat bounce,” saying he wants to rebuild Zendai “top ...

The Inspector-General of Police Mr Solomon Arase commissioned a police housing estate sited in Egba, Ugua and Oka Communities, near Benin City in Ikpoba-Okha local government area of Edo State. Also commissioned by the IGP were the police Cottage Hospital in G.R.A and a 300-sitter Lecture Hall at Ogida police barracks, both in Benin City. The estate, christened Omo N’ ...

According to Sahara reporters, an investigation has revealed that Bayelsa Senator, Benjamin Murray-Bruce may have illegally diverted a loan he obtained from Union Bank of Nigeria to purchase a posh property in Beverly Hills, California in 2007. Mr. Murray-Bruce has been in the spotlight lately after the Asset Management Corporation of Nigeria (AMCON) on June 23, 2016 seized several of ...

18-year-old Kylie Jenner who bought a luxury Tuscan-style Calabasas mansion in 2015 for £1.8 million pounds has put the same property back on the market for a whooping £2.7 million. The 4,851 sq ft property is listed as featuring a ‘glam room’, five bedroom pad – complete with six-and-a-half bathrooms with a spacious walk-in closet, seating area and shoe closet ...

In 2010, the Lagos state government established Lagos Home Owners Mortgage Scheme popularly called Lagos HOMS to reduce the housing deficit of a state whose population stands at over 21 million. This article analysis the some of the pains and a whole lot of the gains of the scheme 6 years after the idea was conceived. Housing deficit and challenges ...

Weeks after they were granted bail by the court, the contractors that handled the construction of the collapsed Synagogue, Church of All Nations (SCOAN) building, Akinbola Fatiregun and Oladele Ogundeji, were on Monday 20 June, 2016 released from the Kirikiri Maximum Prisons after meeting all their bail conditions. The two engineers had been remanded in prison pending trial for alleged ...

Shelter Afrique has invested over $16 million; about N315.2 billion in the nation’s equity market in the last three years. Out of these equity investments, $13 million, about 256.1 billion was invested in credit lines for on-lending for mortgage while $3 million, about N591 million was invested in the Nigerian Mortgage Refinance Company, NMRC within the same period under review. ...

The Ministry of Power, Works and Housing is set to convene the first National Summit on Affordable Housing. A statement signed on last Wednesday in Abuja by Mrs Eno Olotu, Assistant Director of Information of the ministry, stated that the summit would commence today, June 27 to June 28, 2016. It said that the summit is being organised in collaboration with German Development ...

The leadership of the Accord Party (AP) on Sunday asked the candidate of the All Progressives Congress (APC) for the September 10 governorship poll in Edo State, Mr. Godwin Obaseki, to explain his role in the alleged #5.5 billion fraudulent dealings involving real estate development by a company in which he holds a substantial share. The Edo State chapter of ...

In an interview published on Nigeria Today, CEO of M.I. Okoro and Associates, Meckson Innocent Okoro, bares his mind on the issue of Mass housing in Nigeria and its implication of housing delivery. He said the challenges faced in Nigeria Real Estate practices are  political and financial. Read excerpt below: What are the challenges faced in Real Estate prac­tices in Nigeria? ...