News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Ghana's National Pensions Regulatory Authority has told Parliament's Public Accounts Committee that the planned 10-storey second phase of its office project will house a pensions college and an industry data bank, as it defends a GH¢500 million borrowing plan.
Permanent Secretary for Housing and Urban Development Dr Shuaib Belgore has urged federal and state governments to remove land and housing-finance bottlenecks, warning that structural challenges continue to undermine affordable housing delivery in Nigeria.
Average property sale prices in the Table View police precinct have risen 25% to cross R2 million for the first time, while recorded crime climbed 5.7%, pushing pensioners out of the Cape Town suburb.
Hassan Allam Holding's real estate arm Grova Developments has signed two agreements with Oman's state-owned Omran Group worth about USD 115 million to launch the first residential phase at Madinat Al Irfan in Muscat.
Nairobi Governor Johnson Sakaja has asked the Senate to consider two legislative reforms on building safety: tougher penalties for developers who breach approved plans and greater powers for county officers to prosecute construction offences.
The State Housing Company has engaged Aynok Holdings Limited to support its land recovery exercise, with Greater Accra as the pilot area and occupants given until 15 October to regularise their leases or vacate.
The Masingita Group of Companies secured land-use approval for its planned Malamulele Mall in Limpopo in just seven days, a timeline now at the centre of a dispute over land allegedly earmarked for a local high school.
Abia State will soon start a major renovation and reconstruction of further sections of Ariaria International Market in Aba after completing part of its A Line, with affected shop owners given until 31 October to complete validation.
Life Sports Club has signed Genedy Construction to build phases two and three of its 25-feddan sports and social club on Mohamed Naguib Axis in New Cairo’s Fifth Settlement, following the launch of the first phase.