| Nigeria News (Properties)
Oasis commissions N259m Honeyland Estate and othersIndeigenous develper,OMF properties Limited, a subsidiary of Oasis Savings and Loans, has completed the development of two 'sites and services' residential schemes, located at Ofada, near Mowe village, in Owode Obafemi Local Government area of Ogun State and Isiu in Ikorodu area of Lagos Sate. Both schemes are now reasy for commissioning.
The Mowe project, named Honeyland Estate is a N59 million scheme sitting on 50acres of land, while the N100 million Isiu project named "Honeyland Park", occupies a 300 plots and offers sitesand services options. TheMagodo site, which development is a an on-going one, is valued at N100 million.
By the weekend, 170 units of the 210 plots at the Omupenpe, Ofada scheme had been sold, while the remaining 40 plots were reserved for a housing project to be excuted by thefirm. The price per plot was put at N800,000.
Similarly, the Honeyland Park, at which the sale price for lots was fixed at N500,000 per plot , has 50 plots reserved for the firm's housing projects.
The Managing Director, Oasis Savings and Loans, Mr. Rotimi Omosehin,said a financing option involving 60 per cent land purchase facility, which covers 24 months, "with reasonable commericial interes rate tp be charged" is available.
Facilities and infrastructure available at both sites include; tow 500 KV dedicated transformers; perimter fence with controlled access gaes, central bore-hole, and well planned drainage facilites.
A Deed of Assignment/ Global ceritificate of Occupancy (C-of-O) has been acquired by Oasis Savings and Loans, which will provide mortgage facilities to the interested clients, while OMF Limited is directly involved in estate and property development, Omosehin said at a briefing last week.
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