• Thursday, July 25, 2024
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BusinessDay

Expectations high as Vintage Gardens sets to drop housing deficit

real-estate-2

Expectations are high among prospective homeowners as Vintage Gardens sets to enter the property market with its 54 housing units being packaged in Port Harcourt, Rivers State.

Not too long ago, Tele Ikuru, deputy governor of the state, represented the state governor, Rotimi Amaechi, to perform the ground-breaking ceremony, signalling the commencement of construction on the estate located within NAFF Estate in the Garden City.

Vintage Gardens, a premium residential estate owned by UACN Property Development Company (UPDC) plc, was conceived to create a haven for its residents, where good quality of life is assured, and expectation is that with the estate, UPDC will add great value to the lives of the people of Port Harcourt in particular and Rivers State in general.

UPDC’s history in Port Harcourt began many years ago with the development of several residential and commercial properties within the GRA and elsewhere in the city. Vintage Gardens is however the company’s first project in the city within the last few years, and it is, indeed, glad to become active again in this city of great potential.

A statement from the company made available to BusinessDay says the phase one of the estate is practically completed, disclosing that it is a 54-unit estate comprising four-bedroom semi-detached houses; four-bedroom terraces; three-bedroom flats; three-bedroom terrace apartments, and two-bedroom flats.

According to the statement, facilities have been provided at the gardens to ensure that a high standard of life is maintained and these include swimming pool; ample parking lots for residents and visitors; borehole and water treatment plant; central security system; PHCN electricity and backup power.

“It is our plan to hand over this estate to buyers within the next one week while we encourage potential buyers to visit the Gardens for a first-hand experience of the estate and its facilities,” the statement assures.

Recently, UPDC was in the ancient city of Ibadan to break the ground for the construction of a 50-unit upscale estate it called Olive Estate.

The estate is part of the company’s ‘Tale of Five Cities,’ which was launched early this year with the aim of building estates in the luxury and premium segments of the property market in the highbrow areas of Abuja, Lagos, Asaba, Calabar and Ibadan, all targeted at the middle-class in the society.

“It is our resolve to excite the property market by making a historic shift from our traditional Abuja, Lagos and Port Harcourt locations to other cities where our consideration is driven by demographics, market potential, availability of critical infrastructure, and urban renewal,” Hakeem Oguniran, the company’s managing director, assured.

Chuka Uroko