20,000 Housing Project: Rivers People Frown At #43m TAF Global Carcass Building.
– Said TAF Global is making the housing project very expensive and impossible for civil servants and middle-class people of the society to acquire.
Dez Mayorz Reports.
Some of the Rivers people have frowned at the 20,000 housing project by TAF Global developers in partnership with the Rivers State Government.
Said TAF is frustrating the effort of the State Government in line with affordable housing.
TAF Global has placed the commercial plots and residential plots ranging from 2-3 bedrooms at a range of #43,000,000 to #33,000,000 for the building, built to carcass level.
In Obirikwere, TAF placed the prices and payment plans for both house types available as follows:
1. Favour (2 Bedroom) = N33,338,500.
Deposit of 20% N6,667,700 and
Monthly (×12) N2,222,566.67 payment.
2. Blessing (3 Bedroom) = N43,688,500.
Deposit 20% N8,737,700 and
Monthly (×12) N2,912,566.67.
The ongoing 20,000 Rivers State supposedly affordable Housing Project made for the civil servants and the Rivers State people to easily afford is not that easy afford.
Some people say the price is good while many are on the side that the price is high and should be reduced.
The Rivers State Government signed a memorandum of understanding (MoU) between Governor Fubara and TAF Africa Global on December 3, 2023. The MoU delineated the development plans for 20,000 housing units on a 1000-hectare plot of land. Subsequently, on December 13, 2023, Governor Fubara officially inaugurated the project.
The governor aims to provide decent affordable housing for low-income earners and civil servants.
‘The question now is, how many low-income earners can afford the #43,000,000 price put by TAF Globals?’ – Stephen Wobo.
“TAF price is really okay considering the high cost of land and building in Nigeria. If not Gov. Fubara coming in, TAF would have been selling it at #80m.” – Jude.
