Palton Morgan reignites property market with 20% reduction in Meadows

Following the conclusion of the general elections, one of the frontline players in the luxury residential segment of the property market, Palton Morgan Holdings has brought excitement into the market. It is aimed to ignite investment interest and stimulate demand.

The company has demonstrated an understanding of the state of the economy with a 20 per cent reduction in the price of its new development in Lagos, Nigeria’s commercial nerve centre.

The new development, known as The Meadows, is located at Magbon-Alade, Ibeju-Lekki, in the heart of the New Lagos, close to the Lekki Free Trade Zone.

The 20 per cent discount on each plot at the estate means that more people now have the opportunity to invest and await the good return, which the estate promises.

According to the developer, by virtue of its location and modern infrastructure, which are the hallmarks of modern developments, The Meadows will offer investors good value for their money as capital appreciation will happen in just a few years.

Among the features of the project is a community centre, swimming pool, gymnasium, tennis court, basketball court, Five-A-Side football pitch, jogging track, kids play area, Wifi towers, park furniture, water treatment plant and sewage treatment plant.

The firm described the development as ‘a city where beauty meets nature’, adding that it is a true definition of future work and living, just as it is a smart-green community, where individuals and enterprises co-exist and thrive.

The Meadows, which offers homebuyers opportunity to live in the heart of the new economic hub of Lagos, also offers them a lifestyle that will inspire them to thrive. It is a community that has been sited at the heart of the ‘New Lagos’.

“The Meadows is a place to discover a resort lifestyle at its finest. This development is set to be one of the smartest, master-planned communities,” General Manager, Propertymart Real Estate Investment Limited, Hakeem Bakare said.

Upon these best-in-class features and the 20 per cent price cut which we are offering, Bakare assures buyers of whole 40 per cent return on their investment within the shortest time. “Diversify your investment and get up to 40 per cent Return on Investment (ROI) on The Meadows. It’s not just land, but an investment in the New Lagos,” he said.

A major highpoint of the development, according to the general manager, is the flexible payment options available to buyers. Currently, there is promotional price offer in which outright purchase is N27,250, 000, while 12-24 months installment plan is N35,667,500 with minimum initial deposit of N6,400,000.

Giving further insights into project, the Business Development/Commercial Director, Oladimeji Olatunji-Audu, disclosed that Propertymart Real Estate, a subsidiary of Palton Morgan Holdings, will set a standard in the real estate sector in Africa as it commits itself to revolutionary ideas and strategies that fuel great innovations within the Nigerian property market.

He described Propertymart as an old and new story put together, saying that the company is ancient and modern because, though it is a subsidiary of the Palton Morgan Group, it predates the group.

He noted that besides location and infrastructure, ROI is another catch-word frequently cited by real estate products suppliers as a major value proposition for potential investors and home buyers, adding that the company combines the three in its luxury developments.

He said that, for regular investors, especially the types called portfolio investors, the great story they always wait to hear on a real estate project, big or small, is how much comes back to them as return on their investments.

“This explains why, almost always, products suppliers put forth figures that can hardly stand the test of time unless supported by features and facilities that drive interest and, at the same time, raise value propositions.

“It is a common view among real estate products suppliers that the growing sophistication of these products consumers, whose taste and class have also changed significantly, demand that developers have to scale up their value propositions along with their kind of offerings,” the firm stated.