Property Mart unveils Fairmont to cut housing deficit


May 18, 2018 | 12:15 am
  |     |     |   Start Conversation

Housing plays a special role in the social, political but more importantly economic dialogue in most societies with Nigeria not being an exception. Housing deficit in the country has been exacerbated by the failure to address the issue and waiting for government appears farfetched which most Nigerians have realized.

Basking on the success of the roll-out of its medium housing model with Fairmont Estate, Arepo in 2017, Property Mart has introduced Fairmont Lekki, Lagos State in continuation of its mission to be the number one affordable housing solution provider in the country.

Propertymart, with its new offering, Fairmont Lekki, also aims to demystify the perception that middle class citizens cannot own a property in the Lekki axis, which was why it decided to offer a land sale promo at Fairmont Sangotedo, near the Novare Mall at a cheap rate with easy and scalable payment options.

Giving a hint on what is set to revolutionise access to Real Estate assets in Nigeria, the Managing Director of Property Mart, Deji Fasuwon said, “at Property Mart we do not just believe in housing that meets subscriber’s need, we also believe in interrogating the challenges at every point in the housing value-chain and providing credible answers which meet the need of our customers. The Fairmont deal is therefore not different. With the Fairmont land-sale in Lekki, we are steadily reversing the country’s housing deficit especially in an area most Nigerians believed is out of their reach – the Lekki corridor.”

Speaking further on the edge of the Fairmont Lekki offer, Fasuwon said though payment can be made at once by those who prefer the one-off payment option, there is opportunity for payment in installment spread across a five year period.

Beyond the issue of access, the Company is also pushing affordability as one of the edge of the Fairmont Lekki offer given the fact that the land is also being offered at an unbeatably cheap price. Fasuwon said being a social enterprise, Propertymart believes in driving inclusion and access, to this end, arriving at the reduced price was more of providing a necessity than pushing for profit.

To buttress, the position of Propertymart, a survey of housing estate prices in the Lekki area revealed that a similar plot of land around the Ajah and Ibeju Lekki area goes for as high as N15m to N20m.

Fasuwon said Fairmont is the best land-sale deal on the Lekki corridor. According to Fasuwon, “besides the fact that Lekki stands out as the new Lagos with a lot of infrastructure and economic projects earmarked for the area, such as the Free-Trade Zone, the deep-sea port, the airport, the refinery project and many other, the area stands out as a corridor for those seeking long-term value from real estate investments, so the Fairmont land-sale deal could not have come at a better time” He further asked the question: “where else can you find land in Lekki, at N12m with opportunity for 5 years installment payment that starts from N640,000? He stated that there is however opportunity for one-off by those interested in shortening the repayment plan.

He listed other advantages of Fairmont Lekki to be absence of the traditional land grabbers and land speculators as all legal documentation are given out to buyers of land under the Fairmont scheme by Propertymart, upon the completion of payment, with no hidden charges.

The idea of the Fairmont, he asserted, was to create a luxury private community at a fast-growing location where quality is put into details with a perfect blend of urban and country living at an affordable cost.

The estate is also carefully conceptualized to give a well-planned environment with lush green gardens, extensive walkways and modern infrastructure putting into consideration serenity, splendor, security and space which are part of the cares

Surrounded by estates like Grenadines homes, Scheme 1 and 2, Cranbel Edge, Lagos Homes and Emperor Estate, its aesthetics is further heightened by availability of street lights, paved roads, good drainage, recreational facilities and patrol of security officers and easy transfer of ownership in a high capital appreciation area.

Established in August 28, 2008, with a strong presence across the residential sectors. Propertymart is not just building estates but delivering unique master-planned lifestyle options. The company has given a new definition to real estate landscape.

Propertymart estate offers the most valuable and well-planned estate with designs that span and equates global designs. They pre-empt consumers’ needs for a better life innovation and evolution and with flagship developments like Citiview Arepo, an epitome of a lifestyle, its philosophy is to create seamless urban living that commemorate with work, leisure and retail within the estates.

Fasuwon said all their efforts is to meet up with their vision statement which is to be Africa’s foremost company providing bespoke real estate investment solutions and unparalleled yields for all their customers.

The Company behind the laudable Fairmont land deal believes that the way to bridge housing deficit in Nigeria is to create access through innovative vehicles such as this and is poised to sustain the Fairmont innovation well into the future.



Tags: ,


May 18, 2018 | 12:15 am
  |     |     |   Start Conversation

Big Read |  


What Nigeria must do before signing AfCFTA

Nigeria’s President Muhammadu Buhari last Wednesday gave a hint that he would sign the African Continental Free Trade Area (AfCFTA)...

Top 100 (300 x250)

MTN banner 2


Newsletter Fixed income