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Oak Homes expands property offering to Nigerians abroad

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With an eye toward expanding its discerning clientele, one of nation’s frontline real estate firms, Oak Homes Limited, plans to offer its affordable luxury residential property to Nigerians abroad.

The company will stage a road show next month at the Hampton by Hilton, Waterloo, in London, the United Kingdom. The firm is partnering with some developers in UK to play host to prospective Nigerian investors, who will have a first hand opportunity be part of the company’s vision.

Chief Executive Officer of Oak Homes, Mr. Olukayode Olusanya, said guests at the event would be treated to an array of breathtaking visuals of luxury apartments under the organisation’s portfolio in addition to well-lined up activities.

Stressing that Luxury is not managed but expressed, Olusanya stated, that the company is positioned to lead the luxury category of the real estate industry to Nigerians in Diaspora by ensuring that brand promises are kept with the utmost integrity, mastery and top-level professionalism from all stakeholders through the value chain for utmost clientele pleasure and satisfaction.

According to him, the sector of the market the firm plays in, is such that the clients are well informed, well traveled and definitely have a minimum expectation of luxury living.

Oak Homes, he said, intends to leverage on its reputations in the real estate sector to penetrate the market by bridging the gaps, which has existed because of the issue of trust.

According to him, the company has prequalified facility managers, who ensure that the luxury buildings are preserved.

He explained that the reasons investors subscribe to Oak Homes includes flexible and interest free payment options. The payment option can stretch to 24 months with interest free payment plan .

The firm, noted for its luxury arm of real estate in Victoria Island and axis want to leverage on its strong reputation in the real estate sector to penetrate the market by bridging gaps, which has existed because of the issue of trust.

Lamenting that the low barrier for entry in the real market in Nigeria has made the industry as an all comers’ affair, he said, the company is offering better deals than other competitors.

It’s off-plan model could be spread across 24 months, while for longer tenure, the company is partnering with banks like Stanbic IBTC for 25 years mortgage financing.

On the ease of doing business, he extolled the Lagos state government for reducing the registration and approval, but saying there are still too many agencies collecting the same fees and taxes.

Speaking on the affordability of the products, the business development executive, Lynda Umeh said, the products are affordable when compared to competitors as investors can get a three bedroom apartment for N70 million, thereby getting more value for their money.


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