Appolonia opens The Oxford show homes to the public
Appolonia, the mixed-use urban development near Accra, has launched its new turnkey residential development, The Oxford, with the opening of its first show homes, marking a major milestone for the project.
The Oxford, which broke ground in October 2015, is a residential development within Appolonia covering a total area of 49 acres (20 hectares). The development is composed of uniquely designed two- and three-bedroom, semi-detached and detached modern homes built to the highest quality, with prices starting from USD 75,000.
There are currently three distinct house models – the Eaton, Barton and the Walton – which come in six different types at The Oxford.
“The Oxford is a fantastic addition to the residential offering at Appolonia,” said Anthony Okyere, CEO of Appolonia. “We now offer a range of options to residential buyers, whether they are looking for a plot to build their own home at our Nova Ridge development, or an off-the-shelf option from The Oxford.”
An open day held in parallel to the launch attracted large crowds to Appolonia. Attendees viewed the progress of development across the 941-hectare site and selected plots at Nova Ridge, the ‘Buy and Build’ residential development, and toured the show homes at The Oxford.
Samuel Akan, an attendee at the event, commended the Appolonia development company for the work so far. “I came to the previous open day in October last year. The speed of development is very impressive,” he said. “I was delighted to see such a wide range of house options at the site.”
Appolonia will be home to 88,000 residents and 30,000-day visitors and create tens of thousands of jobs during its 20-year, phased development. The project recently commissioned its first power substation, which will serve the first 4,000 residents at the project, and announced that Ghana Home Loans, the leading home finance institution in Ghana, acquired the first commercial plot at the development.
Home buyers snap up Tatu City’s Kijani Ridge
Home buyers have shown strong interest in Tatu City’s residential phase, Kijani Ridge, snapping up 65% of the plots since the official launch in July 2015.
Speaking during the Kijani Ridge Open Day held over the weekend, Nick Langford, Country Head for Rendeavour, Tatu City’s developer, said the demand for serviced plots at Tatu City continues to rise.
The event attracted over 350 potential buyers to Kijani Ridge, who got a chance to select their ideal plot, interact with architects to discuss details of designing a house, and chat with banks about financing options.
“We have been selling an average of 10 plots a month since January this year and the demand continues to grow. We have also processed more than 40 leases this year. At present a quarter acre is selling at Ksh 8 million and half an acre going for between Ksh12.5 million and Ksh14 million,” Mr. Langford said.
Construction of a perimeter wall around Kijani Ridge is nearing completion. Infrastructure like sewerage, power and water have reached Tatu City’s boundaries, and the internal construction road network is extensive.
“We expect those who have already bought land to begin construction by July this year and we are making sure that all the necessary infrastructure is in place before then,” Mr. Langford said.
The company has set aside 256 acres of land to develop residential units to cater to more than 100,000 residents expected to live in the city. It has also established a 420-acre industrial park for companies.
Tatu City is a 2,500-acre, mixed-use and mixed-income development with residential, commercial, industrial, tourism, social and recreation amenities for more than 100,000 residents and 30,000 day visitors. Underlying Tatu City’s design is a visionary concept aiming to shift urban development in Kenya from the familiar single node model to a decentralized urban environment. By doing so, Tatu will significantly de-congest the City of Nairobi by offering a unique live, work and play environment.
Unfiltered Stephen Jennings
Unfiltered, New Zealand’s business education platform, interviews Rendeavour CEO Stephen Jennings about creating cities from scratch in Africa.
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