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₦500 Million Lagos House Causes A Stir Online - Properties - Nairaland 3s3g1l

₦500 Million Lagos House Causes A Stir Online (102482 Views)

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Ndlistic(m): 7:12pm On Apr 24, 2023
Check Out This 500 Million Naira House That Is Currently Trending On Social Media. Can You Spend Such Amount Of Money To Buy It.


https://www.youtube.com/watch?v=IO0PyJ6QhDc


https://vm.tiktok.com/ZMYcVSbhq/

Seen lots of reaction on this property. Having actively been in the Lagos real estate sector since 2018 and I can tell you the profit the developer will make on this building will be less than 50m. Full 600sq/m of land in Osapa sells for around 150/200m and could be more if inside one of the expensive estates (Peanock Beach or Arcadia Estate). Erecting this building with the high cost of building materials, Piling of foundation because the house is built on water land, Gov Approvals, 6/9 months of continuously paying workers, all this will cost way more than 250m. This properties are basically expensive because of where the land is located and I can tell you it’s like that all over the world and I think you should look into the prices of properties in London to better understand this.

https://twitter.com/mrbayoa1/status/1650493100580585472?t=5k6Z_2JE8PADJu6N2_O5ZA&s=19

12 Likes 5 Shares

momodub: 8:47pm On Apr 24, 2023
Hmmm nice building

8 Likes 2 Shares

Skiborobo(f): 8:47pm On Apr 24, 2023
If you're a man and you can't buy this please don't come near me

102 Likes 25 Shares

Jessewizy(m): 8:47pm On Apr 24, 2023
Garbage

77 Likes 1 Share

bamitinn(m): 8:47pm On Apr 24, 2023
Lol
vickydevoka(m): 8:47pm On Apr 24, 2023
Do

2 Likes

gistray: 8:47pm On Apr 24, 2023
Smelling house

12 Likes 3 Shares

zeusdgrt(m): 8:47pm On Apr 24, 2023
Make Dem Keep the house grin e go Tay for there

40 Likes

harbeeb4luv23(m): 8:47pm On Apr 24, 2023
Is plenty

6 Likes 2 Shares

Kingkamba(m): 8:47pm On Apr 24, 2023
Ok
iCauseTrouble: 8:48pm On Apr 24, 2023
angry
Fiftee50: 8:48pm On Apr 24, 2023
I go buy am

25 Likes

kokomilala(m): 8:48pm On Apr 24, 2023
Wow
manchyme: 8:48pm On Apr 24, 2023
Why not if I have just N1b.
Shelter is number 1

14 Likes 1 Share

omoredia: 8:48pm On Apr 24, 2023
E be like say the house agent suppose be comedian or skit maker. Joker

They couldn't even arrange the stripe light for a perfect finish. Only thieves that don't have value for money can waste money on this type of property

196 Likes 5 Shares

Re: ₦500 Million Lagos House Causes A Stir Online by Nobody: 8:48pm On Apr 24, 2023
really? 500M? and my neighbor can peep inside my pot of soup from his balcony?

Please get real

99 Likes 2 Shares

peacettw: 8:48pm On Apr 24, 2023
Waste of resources

22 Likes 2 Shares

Edokingdom: 8:48pm On Apr 24, 2023
inclusive of the cost of land in lekki

because that block alone can not cost of up 500m

even thought apc don finish us

3 Likes

Menclothing: 8:48pm On Apr 24, 2023
Location determines
Land in Lekki phase one 200m above


Ikoyi. Land is 500m above


Land only

57 Likes 3 Shares

Calabar1stSon: 8:48pm On Apr 24, 2023
Ola of Lagos ads are usually way too expensive.

24 Likes 4 Shares

RedChiefPriest: 8:48pm On Apr 24, 2023
Na this okirika house be 500m?
If 500milii house no get wings to fly me to any location I no dey buy abeg.

142 Likes 8 Shares

nedekid: 8:48pm On Apr 24, 2023
The way they call price of houses these days, fear go catch you.

51 Likes 1 Share

Rich4god(m): 8:48pm On Apr 24, 2023
Those of you wasting your precious time online attacking your fellow citizens and defending the corrupt politicians.

This is the kind of house they and their families will be leaving in.... Whilst you and others will be leaving in low cost areas.

63 Likes 6 Shares

Joshtaylorayne: 8:48pm On Apr 24, 2023
A house worth $1b in Dubai

4 Likes

flexyrule(m): 8:48pm On Apr 24, 2023
I'm yet to have 500m of my own. So I can't engage in a conversation that is above my paygrade. I see people who haven't made 10m before arguing about private jets.


So if I were to reason like my paygrade, 500m would build me a mini estate of 50 houses.


When I have like 4 billion sitting in my bank , and I want to spend it on a house, maybe I won't be thinking this way again, but for now... Ra-ra ooooooo


P.S Even after hitting stardom, Ola of Lagos is yet to start behaving like a celebrity. E be like e no been play for small.

47 Likes 1 Share

Johnjanrt: 8:49pm On Apr 24, 2023
cool
purplekayc(m): 8:49pm On Apr 24, 2023
gistray:
Smelling house
how
AFunJar: 8:49pm On Apr 24, 2023
Ndlistic:
Check Out This 500 Million Naira House That Is Currently Trending On Social Media. Can You Spend Such Amount Of Money To Buy It.


https://www.youtube.com/watch?v=IO0PyJ6QhDc


https://vm.tiktok.com/ZMYcVSbhq/


https://twitter.com/mrbayoa1/status/1650493100580585472?t=5k6Z_2JE8PADJu6N2_O5ZA&s=19
Ola my negga… The only Yoruba boy I fvcks with✌️
zombieHUNTER: 8:49pm On Apr 24, 2023
Waste of looted funds

6 Likes

tuoyoojo(m): 8:49pm On Apr 24, 2023
Na the maximum use of space nine trip me

500m nor be play o

How much be agent fee

Then imagine if you are paying cash

You go need like 3 bullion van

Tinubu standard

22 Likes 4 Shares

Drey1: 8:49pm On Apr 24, 2023
Skiborobo:
If you're a man and you can't buy this please don't come near me

Sha dey play. Nah una mate them dey use do same money ritual wey them take dey buy the house. If you like wise up, and work hard for ur own money, if you like continue in your oshofreeism

77 Likes 6 Shares

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