For sale: 1 Bedroom Apartment

1 bedroom Flat & Apartment For Sale Festac Phase 2 Festac Lagos selling for ₦6,650,000. See property details on PrivateProperty.com.ng or browse all our range of properties in Festac Festac Lagos

Exceptional Home Ownership Opportunity in Festac

You can become a landlord of this apartment which will be built in Festac Phase 2, Festac Town, Lagos. Pay only 10% initial payment and move into the house when it is completed, then you can pay the balance outrightly, in installments or with a mortgage - where you can spread balance for 5 - 25 years.

All you need to do in a step by step manner is:

1. Determine your payment plan 
2. Complete the housing subscription form
3. Make a 10% initial deposit

About The Developers of this Property

Perfection Real Estate Investors Cooperative Society is an independent membership-based real estate club whose core purpose is to empower people financially and to provide solutions to real human problems in the real estate sector of our economy. We are on a rescue mission to make home ownership and participation in the real estate sector more accessible to Nigerians. We have partnered with various local and international companies, like Imperial Homes (former GT Homes) as the official mortgage partner and Betoniq Ltd (a German company which uses precast concrete to build highly durable and cost-effective houses) as the official construction partner, to provide affordable housing to low and average income earners.

Building Technology

Our building technology is based on precast concrete where the concrete will first be constructed in the factory and then assembled on site within a few days. A 30-storey building can be completed within 15 days.

Facilities
- Good road network
- 24 hours power supply (solar based)
- Potable water system
- Central sewage system
- Street light
- Excellent drainage system
- Recreational facilities
- Refuse disposal system
- Landscaping
- 24/7 Security

About Festac Phase 2

Festac Phase II is a project conceived by the Federal Ministry of Lands, Housing and Urban Development through its implementing agency, the Federal Housing Authority (FHA). Learning from its experience in the Festac 77 Housing estate, which was directly constructed and administered through the Federal Housing Authority, the Federal Government decided to invite bid from the Private sector to develop the Festac phase II project and thereafter manage the estate on a build, operate and transfer (BOT) concession. New Festac Property Development Company Limited won the bid as the preferred Concessionaire in 2006 and has put in a lot of effort in getting the project off the ground.

Following the approval of the Federal Executive Council (FEC), the Honourable Minister of Lands, Housing and Urban Development signed a record-breaking Concession Agreement with New Festac Property Development Company Limited (NFPDCL), an indigenous Real Estate Company, to bring to fruition, a decade-old dream of a world-class city known as IMPERIAL CITY, complete with the best layout, planning, infrastructure and all the ultra-modern amenities on 1,126 hectares of land in FESTAC TOWN, Lagos State. The Festac Phase II project is located beside the present Festac Phase I in Ado Town.