Renewed Hope Estate: FG approves uniform prices for apartments
The Federal Ministry of Housing and Urban Development has approved a uniform sale price for housing units under its Renewed Hope Estate Programme across all states of the federation.
Director of Press and Public Relations of the ministry, Badamaso Haiba, made this known in a statement on Thursday in Abuja.
Mr Haiba said the move was aimed at enhancing affordability and ensuring fairness for qualified Nigerians.
According to him, the housing units, which comprise one-, two-, and three-bedroom semi-detached bungalows, are part of the ministry’s efforts to make homeownership more accessible and equitable for Nigerians.
“The approved selling prices are as follows: one-bedroom semi-detached bungalow: ₦8.5 million; two-bedroom semi-detached bungalow: ₦11.5 million; and three-bedroom semi-detached bungalow: ₦12.5 million.
Mr Haiba said, “The adoption of uniform selling prices aims to promote affordability, transparency, and fairness. It will ensure that Nigerians across all regions have equal opportunities to benefit from the Renewed Hope Housing Programme.”
The director explained that the Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low- and middle-income earners and civil servants at all levels.
He said that priority would also be given to employees in the organised private sector with verifiable sources of income and Nigerians in the Diaspora who wish to own homes in the country.
Mr Haiba said that several payment options had been provided to make the houses affordable and flexible.
These included outright (full) payment, mortgage, rent-to-own scheme, and instalment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions would soon commence.
Mr Haiba said that applications could be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
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