• Wednesday, June 19, 2024
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BusinessDay

Confidence in Rivers economy rises as investor offers 200-unit Garden Heights Estate

Nyesom-Wike

Amidst unstable economic condition in Nigeria, the confidence of investors in the economy and business climate of Rivers State is on the rise as real estate developers have continued to invest in the state, delivering affordable luxury to its market

It was a clear demonstration of confidence in the state and a major boost for its property market as 200 housing units targeted at home buyers in the middle class bracket were brought into the market amidst excitement and commendation from government and other housing stakeholders.

The houses coming from Garden Heights Estate located at GRA Phase 3, Port Harcourt, were developed by Port Harcourt Gardens Limited, a new entrant into the property market with a vision to change the face of middle class residential housing by delivering premium affordable residential housing.

“Port Harcourt Gardens is a private real estate development brand established with the vision to change the middle class residential housing real estate market by delivering premium affordable residential housing to the citizens of Port Harcourt and the entire South-South region”, explains Uche John, the company’s managing director.

John says the company currently has three other estates of similar sizes in Port Harcourt located at Woji, Eliozu, and Airport Road, disclosing that the four estates, including Garden Heights Estate, are expected to deliver a total of 600 housing units to residents of Port Harcourt when completed.

Garden Heights Estate, which is the Scheme 1 of the project with about 24 housing units, comprises studio, 1, 2 and 3 bedroom apartments plus semi-detached bungalows and fully detached duplexes.

Nyesom Wike, the Rivers State governor, at the inauguration of the project, commended the management of Port Harcourt Gardens for their confidence in the state and also for supporting the effort of the government at meeting the housing needs of the people.

“We commend the management of this company for having the courage to invest in our state; this administration will continue to partner with credible investors with unique plans for the advancement of the state”, the governor said.

Continuing, he said, “I am particularly impressed because the developers of this project were groomed in this state. They returned because they have confidence in what this administration is doing in terms of creating an enabling climate for businesses to thrive. Rivers State currently one of the states in the country with the highest returns on investment despite a few challenges being experienced”.

The managing director noted that Garden Heights was set to become a point of reference for luxury living in Port Harcourt with facilities that offer security and comfort at an affordable price to the middle class members of the society.

“Garden Heights is one of the best real estate investments in the Nigerian market presently and offers a return on investment unmatched anywhere else in this area. With just an initial deposit of N3.5million you can own your dream home which combines the unique architecture with attractive natural scenery” he said.

He also encouraged interested buyers to take full advantage of this unique opportunity, especially the special price offers which applies to all their four housing projects in Port Harcourt.