Golf Estate: Stakeholder Laments High Cost Of Property

A stakeholder in the housing sector and an estate surveyor and valuer in Port Harcourt, Mr Morgan Amakiri has said that the current prices being advertised as cost of houses at Golf Estate are outrageous.

Amakiri who made his opinion known to The Tide in Port Harcourt in an interview on the sale of Golf Estate houses, said that such prices are beyond the reach of workers in the state.

He explained that the developers of the estate did not give consideration to medium-income earners as well as the public servants whose salaries per annum may not even take care of the rent, even if they rent such apartments.

According to him, “It will take somebody who earns about N200,000 per month about 30 years to save all his income, for him to be able to buy any of such two and three-bedroom apartments at the cost of N65 million or N100 million, and such income level must be at the management level of service”.

He therefore urged property developers and those in partnership with government to develop houses for middle and low-income earners, pointing out that those in this categories are in dire need of housing.

It would be recalled that the Golf Estate was developed in Port Harcourt by RIVTAF Nigeria Limited, in Partnership with the Rivers State Government, along Mr Peter-Odili Road in Trans Amadi.

The estate has various categories of houses with costs ranging from N40 million to N72.5 million

Corlins Walter