WHY YOUR LAND CAN'T BE DEVALUED AND REPLACED LIKE AN OLD MODELLED CAR
Once upon a time, some people looked at the Peugeot 504 as the definition of value, a vehicle built to last, "The European Car of the Year in 1969". But in time, it was replaced by newer models and now they're just a part of our distant memories being 50years old.
A vacant land cannot be replaced or abandoned for newer models... they aren't making any more of it, neither can it be destroyed nor lost. It remains part of our past, present, and future. The value increases overtime as development deepens.
A look at Ikeja, Ikoyi, Victoria Island, Lekki, Magodo, Yaba, etc for instance, should inform us that an old structure can be pulled down to create room for modern houses, yet the land where it stands remains unchanged. The value continues to increase.
Without exaggeration, a parcel of land bought 50years ago in Ikeja, Ikoyi, or Victoria Island with the same fund will be worth billions today.
Old model of various things get abandoned, devalued and may pass away, but land keeps gaining more value as time goes on, with or without management.
Recently, the Lekki Master Plan was unveiled, and it shows that IBEJU-LEKKI has been designed to become the Emerging Industrial, Commercial, Investment and Tourists Capital City of the New Lagos.
Don't wait to be told of what the cost of land will be in Ibeju-Lekki in years to come; just like how a plot of land in Lekki phase 1 now sells for N130M. Buy land in a growing city with prospect for rapid development and smile as your investment appreciates.
We have properties in secured and gated estates in Ibeju-Lekki between the range of 700k to NGN12m, free from encumbrance where your land is secured and Return on Investment(ROI) is sure.
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To your success,
Ifeanyi Onuoha
CHIFON REALTY CONSULTS LTD