Real Estate

SIM Properties elevates NHF scheme, unveils 1000 housing-unit estate for subscribers

by CHUKA UROKO

October 18, 2017 | 1:37 am
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Sim Properties and Homes Limited, a renowned real estate developer and construction company, and owner of one of the largest landmarks in Lagos/Ogun mega city, has lifted up the crippling National Housing Fund (NHF) with the unveiling of the third phase of its Masters Golden City which will deliver 1,000 housing units to be sold to people who have subscribed to the NHF scheme.
An integrated company of qualified professionals who are actively engaged in the business of real estate development, property management, planning, architectural design, surveying, project engineering, etc, SIM Properties is piloted by Ahonsi Simeon Ohiren, a seasoned Professor of Housing Development and Management, and a believer in sustainable development.
For the past 10 years of the company’s existence, their slogan, ‘Housing all Nigerians’ remains their driving force and bedrock in the provision of affordable housing within Nigeria that suits global standards for their subscribers who cut across various sectors of the economy.
These include cooperatives, telecommunication companies, public officers, government parastatals, private institutions, etc, who are connected through the NHF scheme and other in-house payment plans.
The company has completed phases 1 and 2 of the Masters Golden City in Ofada, Ogun State, delivering to the market over 300 housing units comprising 1, 2, 3 bedroom semi-detached bungalows and 3 bedroom fully-detached bungalows. 141 units are already fully developed and keys handed over to subscribers through NHF in collaboration with Federal Mortgage Bank of Nigeria (FMBN).
Basic infrastructure facilities are also being put in place in the estate such as a dedicated 500KVA transformer, Pipe borne water, stone-based motorable roads, shopping mall, etc.
“The principal constraint in housing development remains project finance or funding. We are calling on Angel Investors and Financiers and the Federal Government, through the Federal Mortgage Bank of Nigeria (FMBN) to, once again, extend their hands of partnership and look into the lifting of the suspension placed on Estate Development Loan (EDL) to private Developers who have a proven track record on using that loan well”, said officials of the company in a statement in Lagos.
This, they said, was to ensure that the phase 3 of their Masters Golden City project was completed within the next 2 – 3 years as construction has already commenced on the project, assuring investors and financiers of good returns on their investment.
The company commends the immediate past MD/CEO of Federal Mortgage Bank of Nigeria (FMBN), GimbaYa’u Kumo, and the incumbent MD/ CEO, Ahmed Musa Dangiwa, his board members and the entire management staff of FMBN for their role in the delivery of the Phase 2 of the project.
It also commends the Federal Government for the unveiling of the Federal Integrated Staff Housing (FISH) programme through the office of the Head of the Civil Service of the Federation (OHCSF). This, indeed, is another landmark and reassurance of the commitment of FG to the provision of affordable housing to federal civil servants who make up the bulk of their clients.
SP Homes is also imploring the Federal Government, through the Ministry of Power, Works and Housing, to consider giving tax holiday key players in the housing sector so as to increase housing delivery, thereby ensuring affordability and sustainable development.


by CHUKA UROKO

October 18, 2017 | 1:37 am
  |     |     |   Start Conversation

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