Studio Apartment [off Plan]

Exceptional Home Ownership Opportunity

You can become a landlord of an apartment in Festac Phase 2, Festac Town, Lagos by purchasing this property. You don't need to make the full payment at once. All you need to do is make 20% initial payment and have this apartment built and delivered while you spread balance for 2 - 15 years.

About The Developers of this Property

Perfection Real Estate Investors Cooperative Society is an independent membership-based real estate club which seeks to solve the housing deficit problem in Nigeria. The cooperative is working with New Festac Property Development Company Limited (Company in charge of Festac Phase 2) to provide affordable housing to low and average income earners. To achieve this, the cooperative has 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.

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. 

More Properties

Other properties from Perfection Cooperative are available here on Tolet. View them on our profile page.