Real Estate Today

LASG Cautions As Ogun River Overflows Bank
By RAJI ADEBAYO
RESIDENTS of communities abutting the bank of Ogun River have been warned of dangers posed by the visible high rise in water level following what the Ogun-Oshun River Basin Development Authority described as precautionary release of water from Oyan Dam. Commissioner for the Environment, Dr. Muiz Banire who made this known said a visit to some of the communities in the Ogun River catchment's area within Lagos State such as Ikosi-Ketu, Mile 12, Agilti, Thomas Laniyan Estate, Owode Elede, Owode Onirin, Agboyi, Odogun and Maidan show that some properties have been taken over by water.

BUONO Doors Limited, one of the foremost providers of high-quality security doors in Nigeria have lived up to their rating in the building material sub-sector of the Nigerian economy with the commissioning of their new Head Office at Km 45 Ibadan/Lagos Expressway, opposite the Redemption Camp of RCCG, Mowe, Ogun State on Wednesday, July 7, 2010. 

The office complex which is to serve as the Corporate  Headquarters and the coordinating centre for all the branches of the company in Nigeria is complete with a section for the manufacturing of top quality security doors and distribution of allied building materials.

...Orders removal of external speakers from religious houses
DUE to the failure of a part of LASU/Iba road, the Lagos state government has assured the motorists plying the road of safety and urged them not to panic as repair works had commenced on the distressed point, while normalcy will return back to the road within the shortest possible time.

The Special Adviser to the Governor on Works and Infrastructure, Engr. Ganiyu Abiodun Johnson (FNSE) stated this at a joint press by the Special Adviser to the Governor on Transportation, Kayode Opeifa and Senior Special Assistant to Governor on Media, Hakeem Bello.

THE Lagos State Commissioner for the Environment, Dr. Muiz Banire has assured residents that the government is very well prepared to handle flood disasters.
He gave this assurance recently while speaking to National Daily on the incessant raining being experience and other climatic conditions in Lagos State.

Making a reference to the research papers on the susceptibility of Lagos to sea rise and flooding by the UNIDO Team, he explained that the identification of flood as one of the early effects of climate change on coastal line states like Lagos State should not trigger any unrest among the state stakeholders because the Government has put in place adequate arrangements to handle such problems.
 “We are realistic of where we are, what to do and where we are going,” he emphasized.

AN expert in the building and construction industry, Mr. Anegbode Ojeimen Moses has disclosed that the emergence of President Goodluck Jonathan as Nigeria's President is a good development.
Nigeria, he said, has been governed by the same set of people since independence of this country who kept on representing their selfish interest while all sectors of our economy continued to suffer.

All over the world, land matters have remained controversial. In this interview with FIDELIS UGBOMEH, a Land Agent, Mr. Olayinka Oshijirin speaks on government’s efforts towards enhancing the development of new sites and other issues. Excerpts. 

Tell about your incursion into the real estate and property development?
I stated business as a Land Agent and Property Developer in 1998 and the charges for constructing a building depends on the type of house and location. The period of completing a building is also based on the ready availability of fund.

Which areas have you developed or sold land, in the past and how have you been able to cope with land speculators (Omo onile) who oftentimes disrupt building process at regular intervals?
I have succeeded in selling and developing lands at “Orudu,” and “ Oke Oko” area of the Ifo Local Government Council without any controversy and there has not been any case of  “Area boys” disrupting work.  Most times I allow prospective land owners to pay in installment so as to remove the burden of paying in lump sum. I also entered into proper agreement with the family and the traditional rulers of the areas I sell land so as to forestall any controversy.

NO fewer than Thirteen people were arrested for stealing and handed over to the Police  by Gaolap Vigilante and Security Group at “Shomefun,”  “Agbado” Central Zone of Ifo Local Government Council Area of Ogun State from 2002 till date.

The Chairman of the Group and former Coordinator of Odua Peoples Congress [OPC] in the “Shomefun” Zone Mr. Gabriel Olajide Apapta who dropped this hint in an exclusive interview with National Daily recently said that Eight Cartridges were also seized in July last year in the month of July from a gang of armed robbers by members of the security Group and handed over to the Police.

He explained further that the Group has sanctions for members who are found wanting in the performance of their functions but that non of its members has been involved in aiding and abetting.  

LAST year, the Lagos state police command recued more than 120 persons from being duped by suspected fraudsters, who pretend to be professional land developers and house agents. These persons were sweet talked by the fraudsters to part with sums running into millions of naira to secure a accommodations, which is some cases did not exist.

THE Buyer's Agent is responsible for crafting, presenting, writing a proper contract for, and prompting acceptance of a good offer. Follow these steps:

1. Your first step is to guide your clients toward a competitive offer. Perform at least a quick competitive market analysis, or CMA, to determine the value of the property. Among the factors you'll want to weigh are the home's current value based on the value of comparable properties, regional housing inventory levels, and the competitive nature of the current marketplace. Your findings will help your clients arrive at a reasonable price decision and help you to counsel them as they make a competitive offer.

…establishes Mini Fire Station and Safety Training Centre
MONDAY, March 1, 2010 marked the beginning of a new dispensation in Fire Protection and Security Surveillance not only in Nigeria but also in Africa as the skyline of Magodo and Shangisha in Lagos State was changed outright with the official commissioning of the office complex of a foremost Fire Protection Engineering and Security Surveillance Company, Surveillant Fire Limited.

McLean, VA  Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending March 4, 2010, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 5.15 percent.

FANNIE Mae wants to sell its housing inventory that it acquired through foreclosures. The properties are listed for sale on HomePath.com. To do so, it's offering buyers incentives for those properties.
The new incentives recently began and are eligible for buyers who will live in the home. According to Fannie Mae, the offers must be accepted on or after January 28, 2010 and they have to close before May first for properties on its site: Homepath.com.

KONDUGA Local Government Council of the state has finally emerged the Best Performing LGC following the numerous people-oriented capital projects it has executed in the last two years.
Governor Ali Sheriff who made the declaration yesterday in Konduga town when he visited the area on a working visit, also said that he has been vindicated by the performance of Konduga LGC at time that other LGCs in the state were complaining of lack of funds or enough statutory allocation to the LGCs to carry capital projects in the interest of their people.