Twin City offers real
deal in Mowe
By Paul Eronsele Ojenagbon E-mail: pauloje2000@yahoo.com
Monday, March 10, 2008
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Photo:
Sun News Publishing |
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Mowe, Ofada in Ogun State is currently playing host to many
property development campaigns mostly of the site and service
type. All at once the sleepy setting has become the background
for enterprising realtors to let off their amazing drive and
energies Being a relatively largely undeveloped place, it
is more convenient for these realtors to clear the forest,
provide basic infrastructure, demarcate plots and sell them.
This way, it is possible to obtain a plot for just N375, 000!
Twin City is one of these numerous campaigns in Mowe. Having
sold out fully in its first campaign, the promoters comprising
Cross & Churchhill Realtors Limited, and Silverbeach Investments
Limited, have moved into the second phase of the campaign.
Twin City consists of properly laid out plots in a secure
and gated environment. It is conceived with beautifully planned
streets and earth roads networks, and confined within perimeter
fencing.
To be provided is a bore hole for construction activities
and residential purposes. It is situated in a tranquil environment
that provides ready access to the major highways such as the
Lagos – Ibadan Expressway and Sagamu – Ore Expressway.
However, the expansive land bordering the expressway belongs
to the Ogun State government which alone has authority to
deal with it.
It appears to be a good bargain and one thing - campaigns
such as these are initially greeted with cynicism and before
the more doubtful ones make up their minds to transact, the
price would have skyrocketed to the N1million mark in an unending
climb that never sees it come down. It is the basic theory
of real estate: it appreciates in value, one great advantage
it has over stock and shares, and other related investments.
Under option A, a prospect is offered a lower price of N375,000
in consideration for 50 percent initial deposit with the balance
spread over six months. Under option B, the purchaser pays
a price of N400,000 in six equal monthly instalments. Option
C allows the purchaser to pay in twelve equal monthly instalments
and for this reason, the price is N500,000 per standard plot.
There is an additional/optional charge of N50,000 for the
plot survey. Owing to the distance, site visitations and inspections
are fixed for Saturday. Certificate of Occupancy is obtained
on behalf of the purchasers from the Ogun State government
within a “reasonable time” by the solicitors of
the promoters.
Over 600 standard plots are available for sale and the marketing
began since January 1, 2008. A standard plot measures 120
x 60 feet, approximately 650 square meters. The second phase
land has just been cleared preparatory to fencing and sinking
of borehole. Twin City offers flexible payment options.
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