Sterling Homes Launches New Housing Scheme: ‘Ojo Ola’

September 15, 2023by Sterling Homes0

The Perfect Housing Scheme for Low-Income Earners in Nigeria:

The issue of the housing deficit in Nigeria has continued to grow worse over the years despite initiatives by the Federal and State Governments to solve it. In a bid to combat this prevalent problem in Nigeria, we are excited to finally launch the first inclusive housing scheme called ‘Ojo Ola.’

‘Ojo Ola’ meaning “a better tomorrow” is designed to make buildable lands accessible to low-income earning Nigerians, who ordinarily would not have been able to own a decent home in a choice location. These low-income earning individuals may include petty traders, childcare workers, cleaners, and teachers, among others.

This housing scheme is highly beneficial to both the average Nigerian and the country, as an increase in the level of homeownership would address the social and economic issues of destitution and low productivity. For a start, the housing scheme would begin at three different locations in major cities like Lagos, Ibadan, and Abeokuta.

They include:

  • Anuoluwapo layout scheme at Igbodu in Epe, Lagos
  • Orelope layout scheme at Alabata in Ibadan
  • Irewolede layout scheme at Kobape in Abeokuta

 

Other layout schemes are underway at Ikorodu, Ifo, Badagry, Atan, and Idi iroko. We also plan to launch an initiative in Asaba, for the South-South region by November and in no distant time spread to other regions of the nation.

One wonderful thing about the layout scheme is that we would be providing free architectural designs for each buyer to select from and begin building. This would cut down the cost of hiring an architect to do that for them and that money can be channeled to building instead.

The buyer can however choose not to pick from our free architectural designs because the land has no developer’s control.

Read also: 2023 Housing Trends in Nigeria 

How Does The Housing Scheme Work?

Our payment plan is spread for as long as 12 months making it all the more affordable for every low-income earner. We have categorized each payment plan according to location and land size, see below:

Epe (Anuoluwapo Layout scheme)

For Quarter Plot (150SQM): N300,000

For Half Plot (300SQM): N500,000

For Full Plot (500SQM): N800,000

We have three payment plans you can choose from, and they are:

  1. SMART PLAN (Payment within 0-3 months):

With this plan, you can choose any size of land you want and make a 40% Initial deposit and the balance spreads over 2 months. 

  1. FLEX PLAN (Payment spread over 6 months):

For Quarter Plot (150SQM): N350,000 (to pay N58,333 monthly)

For Half Plot (300SQM): N550,000 (to pay N91,666 monthly)

For Full Plot (500SQM): N850,000 (to pay N141,666 monthly)

  1. EASY PLAN (Payment over 12 months):

For Quarter Plot (150SQM): N400,000 (equal installment)

For Half Plot (300SQM): N600,000 (equal installment)

For Full Plot (500SQM): N900,000 (equal installment)

 

Ibadan (Orelope Layout Scheme)

For Quarter Plot (150SQM): N300,000

For Half Plot (300SQM): N450,000

For Full Plot (500SQM): N650,000

There are three available payment plans to select from, which are:

  1. SMART PLAN (Payment within 0-3 months):

With this plan, you can choose any size of land you want and make a 40% Initial deposit and the balance spreads over 2 months. 

  1. FLEX PLAN (Payment spread over 6 months):

For Quarter Plot (150SQM): N350,000 (to pay N58,333 monthly)

For Half Plot (300SQM): N500,000 (to pay N83,333 monthly)

For Full Plot (500SQM): N700,000 (to pay N116,666 monthly)

  1. EASY PLAN (Payment over 12 months):

For Quarter Plot (150SQM): N400,000 (equal installment)

For Half Plot (300SQM): N550,000 (equal installment)

For Full Plot (500SQM): N750,000 (equal installment)

 

Abeokuta (Irewolede Layout Scheme)

For Quarter Plot (150SQM): N250,000

For Half Plot (300SQM): N400,000

For Full Plot (500SQM): N700,000

Like our first two schemes, we also have three payment options available, namely:

  1. SMART PLAN (Payment within 0-3 months):

With this plan, you can choose any size of land you want and make a 40% Initial deposit and the balance spreads over 2 months. 

  1. FLEX PLAN (Payment spread over 6 months):

For Quarter Plot (150SQM): N300,000 (to pay N50,000 monthly)

For Half Plot (300SQM): N450,000 (to pay N75,000 monthly)

For Full Plot (500SQM): N750,000 (to pay N125,000 monthly)

  1. EASY PLAN (Payment over 12 months):

For Quarter Plot (150SQM): N350,000 (equal installment)

For Half Plot (300SQM): N500,000 (equal installment)

For Full Plot (500SQM): N800,000 (equal installment)

 

Conclusion 

As a low-income earner in Nigeria, investing in Ojo Ola is an opportunity for you to make your dreams of owning your own home in one of the major cities in Nigeria a reality. 

Invest in Ojo Ola today to secure a better tomorrow.

For more information, check out the official Sterling Homes website or call Mr. Kunle on +234 903 121 6666.

 

Related:

Five Affordable Housing solutions for Low-Income earners in Nigeria

Why Nigeria’s Housing deficit quadrupled in three decades

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