• Wednesday, July 24, 2024
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BusinessDay

Live in Freshland homes, pay by installment in 3years

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Determined to ensure the desire of most mid-income earners to become home owners are satisfied, Freshland Estates has unveiled a new scheme to avail young families the opportunities to own choice homes and pay for same over a three year period, Ibidire Adetunji-Lams, the estate developer has disclosed.

The estate located off Igbesa Road in Ogun State, a few minutes’ drive from Agbara industrial estate, has as its neighbours Opic Estate, Free Trade Zone, Covenant University, Bell University and Crawford University.

“This scheme will deliver 350 housing units in total; we will be building 200 units of three bedroom flat and 150 units of three bedroom terrace duplex simultaneously”, he explained.

“The ongoing scheme is an opportunity for savvy investors to multiply wealth and afford the growing middle class a rare privilege to own homes and pay with ease”, he noted.

“The sales process will commence in June and will last for a three month period to allow clients make initial deposit on their choice properties before we start off the construction”, he added.

He further explained that the construction process will last for six months after which clients will be handed over there keys.

On delivery, each flat on the block of flats will come with all rooms en-suite, spacious living room, kitchen with pantry and bathroom.

A block of flat will sell for N8.5 million on outright payment with an option of installment payment plan expected to span over a three year period, while a semi-detached duplex will sell for N10.5 million on outright payment, with an option for installment payment plan to span over the same period.

“The three bedroom duplex which will come in different stylish designs will also be equipped with top of the range facilities including two bedroom en-suite, dining area, sitting room, car park, lounge area, kitchen with service store”, Ibidire said.

He disclosed that in the event of inability of a client to pay up during the estimated three year period, the client will be encouraged to engage the services of a financial institution to help bail him out.