Headlines for Property Express News
Ghana’s First AI-Integrated Homes Set to Transform Accra’s Housing Landscape
TDC Ghana Limited Reports Strong Financial Growth and Expands Urban Development Initiatives
Build-to-Rent: A Growing Trend in Australia’s Property Market
The recent launch of a groundbreaking townhouse project in Accra by VAAL Real Estates is set to redefine housing in Ghana’s capital, aligning with the government’s vision for sustainable living. Speaking at the event, Greater Accra Minister Daniel Nii Kwartei Titus-Glover highlighted the project’s contribution to Sustainable Development Goal 11, promoting safe and resilient communities.
The highlight of the evening was Villanova, Ghana’s first AI-integrated homes inspired by Spanish design, offering luxurious 3–4-bedroom villas close to Jubilee House. Priced from GH¢10 million, Villanova aims to set a new standard for modern, serene living in Accra. VAAL Group’s CEO Abdulmajeed Saadettin underscored their dedication to quality and timely project delivery, backed by over 20 years of international expertise.
The event, attended by Turkish Ambassador Huseyin Gungor, showcased international support for the project and emphasized VAAL’s mission to create vibrant communities. Known for their customer-focused approach, VAAL has developed several premium projects in Accra, including Harmonia Villas and Legato Heights, establishing a strong presence in the Ghanaian real estate market.
At TDC Ghana Limited’s 4th Annual General Meeting, Board Chairman Kofi Brako commended the company’s financial resilience in the face of global economic challenges.
He highlighted TDC’s shareholder equity growth, which rose by 19.9%, from GH¢378.2 million in 2022 to GH¢453.47 million in 2023, reinforcing TDC’s leadership in Ghana’s real estate sector and its adaptability in volatile markets.
Mr. Brako advocated for government collaboration, urging authorities to consider TDC for affordable housing initiatives due to its expertise in quality housing delivery.
TDC’s upcoming projects reflect its vision for urban revitalization, notably the transformation of the Kaizer enclave in Tema’s Community Four. The project involves demolishing old structures to create high-rise offices, retail spaces, and modern residential apartments, setting a new standard for community development in the area.
TDC Ghana Limited reported a significant profit before tax of GH¢54.94 million in 2023, up from GH¢37.52 million in 2022.
Managing Director Alice Abena Ofori-Atta attributed this growth to resilient strategies and an expanded asset base at the company’s 4th AGM in Tema. Revenue also saw a notable rise, increasing from GH¢136.6 million in 2022 to GH¢182.06 million in 2023.
The 2024 Ecobank-JoyNews Habitat Fair concluded successfully at the Accra International Conference Centre, drawing a large crowd of eager patrons seeking last-minute deals.
Held over four days with the theme “Get a House, Make it a Home,” the event attracted hundreds of exhibitors and saw strong attendance from prospective homeowners and industry professionals.
It offered attendees an array of household essentials and insights into property acquisition in Ghana.
Build-to-rent (BTR) has emerged as a significant trend in Australia’s property market, aiming to alleviate the housing crisis by boosting rental supply and enhancing tenant experiences.
Unlike traditional developments where apartments are sold individually, BTR properties are designed for long-term rental, offering amenities like gyms, co-working spaces, and community areas to attract tenants. Investors have committed billions to the sector, with over 8,000 units under construction and 13,000 more approved.
Australian policymakers are supporting BTR with regulatory incentives, such as Victoria’s 50% land tax discount for BTR developments. This model, already well-established in mature markets like the UK, offers tenants more professional management with flexible, longer lease terms. While proponents highlight its potential to modernize renting, tenant advocates raise concerns about the corporatisation of housing, questioning whether renters genuinely benefit when properties are managed by large companies instead of individual landlords.
Source : Property Express News -Joycelyn Marigold
