Investors to make 50% returns on Haven Homes’ off plan purchases
Luxury home developer, Haven Homes, has said its bonanza for investors who subscribed early enough into its project from inception are smiling to the bank with as much increase as 50 per cent gains realised from the original purchase prize and the final selling price after the project was completed. The Managing Director/Chief Executive Officer […]
An apartment developed by Haven Homes.
Luxury home developer, Haven Homes, has said its bonanza for investors who subscribed early enough into its project from inception are smiling to the bank with as much increase as 50 per cent gains realised from the original purchase prize and the final selling price after the project was completed.
The Managing Director/Chief Executive Officer (MD/CEO) of the company, Mr. Tayo Sonuga, who said this in a statement recently, revealed that discerning investors were able to tap quickly into their Off Plan investment window.
Mr. Sonuga explained that Off Plan purchase was an arrangement whereby prospective home owners paid early to secure their stake in the company’s upcoming project.
He said, “Because of our pedigree, a lot of our clients over time have reposed their trust in us and in our ability to deliver as promised. Even before we move to site to commence a new project, they pay upfront. As the values of the projects and the houses still under construction appreciate and we raise prices following demand swell, their stakes in the project appreciate wildly in value.”
A perfect illustration, Sonuga said is “where investors who subscribed to our 2-bedroom at the initial price of N30m are now selling at N45m, even without paying the price in full. Some buyers only made an initial deposit of just N6m and have made a fantastic capital gain of N15m within record time. This speaks much for the immense appeal of our brand which is made possible by the reputation we have built up over the years.”
Haven Homes recently completed and delivered Richmond Gate Estate Phase 2. The company is also known as the “celebrity developer”, having helped complete homes for the likes of AY, Kiss Daniel, Tiwa Savage, Banky W and many more.
Back in 2012, Haven Homes’ Brand Ambassdor, Tuface Idibia, also acquired two choice homes from the company.
Richmond Gate Estate Phase 1 is seen as the Beverly Hills of Africa by many by virtue of the number of A-list celebrities who have found the estate comfortable and safe enough to be their residences.