Primewaterview Holdings Ltd

02/01/2017

01/01/2017

Seasons Greetings from PWVHG

01/12/2016

OCEAN PRIDE COURT LEKKI LAGOS .....4 BEDROOM TERRACE DUPLEXES WITH BQ

A modern self sustaining estate with adequate infrastructures and facilities for decent living................

21/11/2016

Make your perfect choice today.....Good morning and have a blessed week.

02/11/2016

PEN JEWEL CITY ,MOWE OFADA,
Proposed Luxury Apartments,3 bedroom blocks of flats /4 bedroom Terrace Duplexes.

26/08/2016

Praise Court Onireke Ibadan in grand style........

21/06/2016

DEVELOPER, NUJ/NAWOJ SIGN N4BN MOU TO BUILD 800 HOUSING UNITS

Primewaterview Holdings Limited, an indigenous developer has signed a N4 billion Memorandum of Understanding, MOU, with the Lagos State Chapter of the Nigeria Union of Journalists, NUJ and the National Association of Women Journalists, NAWOJ to build 800 housing units for journalists at Abaren Village in Obafemi Owode Local Government of Ogun State.
Primewaterview Holdings Limited is Africa’s rising real estate and infrastructure conglomerate, with its vision to maximize the use of local knowledge and skills combined with global expertise in housing delivery. File: Typical houses requiring mortgage financing The MOU was signed at the Ladi Lawal Press Centre, Ikeja, Lagos, Southwest Nigeria on Monday. Lagos NUJ Chairman, Deji Elumoye said the developer would build each housing unit at a cost of N5 million, meaning that the 800 housing units would be developed at a cost of N4 billion for the space of 36 months. He said that NAWOJ is the initiator of the project in partnership with the Lagos NUJ and that the union had been on the project over a year looking for a worthy developer to commit funds into the project. According to him, the developer would construct three bedrooms flat per unit with parking space and adequate social amenities. ‘ “We are carrying out this project in a transparent manner. Primewaterview has executed lots of projects within and outside Lagos. Having done lots of investigation, we had to settle for them. “The project would lead to the development of three bedrooms bungalow, with the construction of 800 housing units. You are going to have shopping complex, schools, police post, playing ground and other facilities in the estate, it will be a big estate,” he said. Elumoye added that the project would be undertaken in phases, with the first phase taken delivery of 200 housing units in the next six months, as allocation would be on first come first serve basis. National President, NAWOJ, Ify Omowole said the association was the initiator of the project and that the project covered a land space of 640,000 square meters. She said the estate would have a global certificate of occupancy, adding that journalists would bear 40 percent of the funding while the remaining 60 percent would be borne by a yet to be named financier. Group Managing Director/Chief Executive Officers, CEO, Primewaterview Holdings Limited, Mrs Morola Babalola said the company would ensure speedy delivery of the project and that the company would soon move to site to begin work. Chairman, Primewaterview Holdings limited, Prince Adetunji Ogunwusi said the company would deliver high quality housing units that journalists would be proud of, while soliciting the support of the subscribers to the project.

21/06/2016

21/06/2016

EFFECTS OF THE CONTINUOUS FALL IN OIL PRICE ON NIGERIAN REAL ESTATE MARKET

As the Naira continues to fall, industry experts in Real Estate in Nigeria have predicted an average of 27-percent increase in the cost of housing projects. The effect of the depreciation is already being felt by developers as the cost of construction has risen since most of the materials for construction are being imported from foreign countries such as China, Indonesia, etc. Due to high building materials, development costs have risen, notwithstanding the drop in demand resulting in a glut in supply of developments already in progress.

The continuous devaluation of the Naira has affected the availability of funds and interest rate as well as hindered the growth of mortgages in the country.
The devaluation could easily be blamed on falling oil prices. Since Nigeria depends mainly on oil as its main source of revenue, drop in oil prices have huge impact on the Nigerian economy.
Another effect of the continuous fall in price of crude-oil on Real Estate is what close industry watchers have described as ‘crisis of currency’. Numerous stakeholders, especially property vendors, see this as an unwelcome development for a market that is still advancing, exhorting that dealers and purchasers must locate a meeting point or an exit plan so as to keep the showcasing going.
So where does all this leave us as close followers of the industry? It stands to reason that in any economic downturn, there is an opportunity. The opportunity here lies in the ability to innovate and diversify. It is important for all parties to demonstrate the true value of Nigerian Real Estate. For too long; infrastructure, design and construction do not match the premium prices that contemporary Real Estate demands especially in the highbrow areas. The barrier to entry in the marketplace has been too low and creative problem-solving has been lacking.

However, the players in the industry who recognize that 2016 cannot be “business as usual” are primed to thrive in the short-term and dominate in the medium term. Since Real Estate is a means to continuous storage of wealth, there is certainty that investment in Real Estate will always and undoubtedly thrive because shelter is a basic necessity. There is always the need for housing, institutions, schools, etc. Investors should diversify interests into Real Estate from the all-eyeing crude-oil market, which presently seems too liquid. Real Estate investment is more of a surest bet to wealth accumulation as its value is ever-increasing and appreciating. It is all the more important that developers find new and quality local (and international) products and solutions; government find avenues of supporting mortgage growth and improve lands regulations; real estate agencies deliver holistic consulting services and quality customer service; and that buyers are more exposed and educated about their options in the market as well as find creative bargaining solutions. These will pose advantages to Real Estate investment even while the economy seems to be at downturn.

Ref: http://3invest.org/2016/02/05/effects-of-the-continuous-fall-in-price-of-crude-oil-on-real-estate/

09/04/2016

Your Dream Now Has An Address.

Ocean pride is planned as a modern, self- sustaining estate with adequate infrastructures and facilities for decent living. The aim is to enable residents live and work in close proximity . The development is moderately spacious and beautifully landscaped play areas.

07/04/2016

Ocean pride is planned as a modern, self- sustaining estate with adequate infrastructures and facilities for decent living. The aim is to enable residents live and work in close proximity . The development is moderately spacious and beautifully landscaped play areas.