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Henry Montego Homes set to address Nigeria’s housing deficit

In line with the increasing need for sustainable housing infrastructure, and in a bid to solve the country’s housing problems, Henry Montergo Homes has added another ground-breaking development to its pool of affordable luxury housing in the residential space.

The official groundbreaking ceremony of the new project, Montego Bay 4, was held recently in Lekki, Lagos.

With all three phases of the Montego Bay developments successfully sold out, the company has gone a step further to drive her vision of homeownership for every Nigerian by launching the new Montego Bay 4 project.

Henry Ebuluofor, managing director, Henry Montego Homes, and Industries Limited, said that the goal is to see average Nigerian young men and women who work so hard, own a home with no stress.

“At Henry Montego Homes, we thrive on solving problems, and this is why we have gone ahead to establish a very rare payment mortgage plan of five to eight years, which is the first of its kind in Nigeria,” he said.

“In the nearest future, we hope to raise this bar to 20 years and thus expand opportunity for everyone to own a home,” he added.

He stated that the Montego Bay 4 estate project, located at a highly sought-after location in Ikate, Lekki 1, Lagos, features a shopping mall, four-bedroom units of terraces, town-houses and semi-detached duplexes, as well as units of three-bedroom apartments, all exquisitely designed and fully finished.

He added that the houses are currently selling for as low as N550,000 monthly, with the balance spread across five years.

Ebuluofor noted that with Nigeria’s population growth rate currently at 2.6 percent annually, more and more new houses would be needed to accommodate the populace. He called on Nigerians, especially Lagos residents to take advantage of the Henry Montego Homes offer.

The estate has amenities such as a swimming pool, bar, and lounge, green and open area for kids, gym house, spacious parking lots, as well as a top-notch smart home technology, the company is aligning this development to attract first time home buyers, couples, second home seekers, smart property investors, and retirees, looking for quality real estate developments and attractive returns on their investments through rental yield and capital growth.

The Montego Bay 4 is the fourth and newest addition to the Montego Bay development projects, which have all been successfully sold out within one month of launch. This project is the company’s first delve into commercial real estate development, as the estate will feature among utilities a world-class shopping mall.

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