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Housing: Nice Dreams to partner cooperative societies


Cooperative societies who have land but cannot source the funds to build the houses for their members have been offered a “soft” landing by a Lagos-based property development company, Messrs Nice Dreams Properties Limited.

Managing Director of the property development company, Arc Richard Uwagie who made the pledge in a chat with newsmen who decried the high interest rate charged by banks, said his company decided to come up with the product to assist cooperators who cannot get loans from banks.

He said his company would be willing to dialogue with interested cooperative societies who want to exploit the window being opened by the company.

Meanwhile, the company has justified its decision to use the precast system of construction in the execution of its Havillah Gardens and Fresh Dew Courts. Havillah Gardens is located at kilometre 10 along the Lagos-Ibadan expressway while Fresh Dew Courts is at Agbara in Ogun State. “The world is changing, the climate is changing. Today, everybody is talking about global warming and that is putting the entire environment at risk. For instance, one of our Chinese partners told me that they banned the use of blocks in their country 30 years ago. He was laughing that we still use blocks here. What we are looking at is the use of prefabricated materials, where we cast in the factory and bring them to site and fix them (on site).

He explained how the houses would look like. “The entire wall units will come; we will cast the foundation and then the entire structure. We are no longer going to use timber for our roofing, the houses will all be of galvanised steel. The reason is because in times of disasters like earthquakes (it has never happened here but we should prepare for the future) and hurricanes, these buildings should be able to stand the test of time. Beyond that, the buildings will be world class because they are fully insulated. The entire building from top to bottom will be insulated from heat. Each of these buildings comes with a solar system and we intend to give those solar-powered systems to all our buyers free of charge. Each of them is worth about N2 million and can carry all your household appliances apart from the AC,” he said.

When completed, Arc Uwagie stated that Havillah Gardens will be an exclusive estate with luxury finishing and POP ceiling, paved road network, comprehensive laid drain system and street lighting. The gated estate with security patrol will also have recreational facilities and gymnasium, swimming pool and children’s park, club house, treated water supply and large rooms.

Arc Uwagie regretted that most developers concentrate on building for the high-end buyers while the middle and low-income earners are not usually taken into consideration. He attributed the high cost of most houses built by private developers to the high cost of land as well as the type of materials and construction method used.


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