China's new Shanghai Tower was just named the "Best Tall Building Worldwide" by the Council on Tall Buildings and Urban Habitat (CTBUH) this past week. Shanghai Tower was chosen from among four regional Best Tall Building winners, including Shanghai Tower, Best Tall Building Asia & Australasia; VIA 57 West, Best…
Amid the economic recession in the Nigerian mortgage sector, the operatives have called on the federal authorities to further create an enabling environment for mortgage banking through the provision of an intervention fund. The Mortgage Banking Association of Nigeria (MBAN) is also seeking the review of the stringent regulatory condition, which…
  A new report, Global Lead Paint Report, released by a global network of health and environmental non-governmental organizations, International POPs Elimination Network (IPEN), has found that many decorative paints sold in over 40 low and middle income countries contain dangerous levels of lead, sometimes in direct violation of national regulation.…
Notwithstanding the redundancies mounting beyond the all-important oil sector, run-away inflation cutting property transaction volumes and investors apathy to real estate, a new report released by Cluttons Nigeria says, there is a bright spot in the Lagos commercial sector, especially the industrial market. The global real estate firm in its…
To fast track and boost land administration in Lagos state, Lagos Lands Bureau has commenced an Integrated Land Administration and Automation System (ILAAS), that is expected to benefit prospective land seekers, investors and corporate bodies operating in the state, as the system is devoid of all forms of bottlenecks that…
Prime global property rents increased by 0.5% in the year to June 2016, the first indication of a recovery in this real estate sector for 12 months, the latest index data shows. Growth was led by Moscow with prime rents rising by 11.1% on an annual basis while North America…
With the current economic situation and the attendant rise in the prices of building products, the cost of properties may increase anytime from now, developers have said. According to findings by our correspondent, developers may increase the prices of properties put up for sale by between five per cent and…
Hong Kong remains the highest value residential city in the world with average apartment prices at $1,501 per square foot, according to the latest global research. Singapore comes in second, averaging $919 per square foot in a city where 90.8% of the population are owner occupiers, the data from the…
The noose is tightening around operators of event centres in Lagos State. Government is currently taking inventory of all such businesses for the purposes of ascertaining their relevance in the physical development plan. A task force has already been set up this month with a mandate to identify any inappropriately…