Headlines for Home Building and Renovation News 15/01/2025
RSS Developers Ltd Unveils Meridian Gardens Estate, Setting a New Standard in Luxury Living
Cement Prices Continue to Climb In Ghana Despite Regulatory Efforts, Says Real Estate Association
Cement Deliveries in SwitzerlandDecline in 2024 Amid Economic Challenges but Show Signs of Recovery in Q4
Leading Ghanaian real estate developer, RSS Developers Ltd, has officially launched its latest upscale residential project, Meridian Gardens Estate. Located in Community 19, Klagon, the development showcases modern, high-quality two- and three-bedroom apartments designed for comfort and convenience.
Each unit boasts premium features, including rooftop utility areas, PVC sliding windows with fly screens, fully tiled floors, ceramic wall tiles in kitchens and bathrooms, centralized gas supply, and kitchen extractor hoods. Safety measures include gas and smoke detectors, water heaters, and provisions for built-in wardrobes.
The apartments are pre-fitted for air conditioning and include lifts in the three-bedroom blocks, built with reinforced concrete walls for durability.
In addition to apartments, the estate offers serviced land for sale, further enhancing development opportunities. Conveniently located 12 km from Kotoka International Airport, it is accessible via the Accra-Tema Motorway.
The grand opening on November 8, 2024, was attended by the Chief of Klagon, Nii Bortey Klan I, and other notable figures. Felicia Sao, Managing Director of RSS Developers Ltd, praised the team for delivering innovative housing solutions and described Meridian Gardens as a benchmark in luxury living.
Meridian Gardens offers an attractive investment opportunity with two-bedroom apartments starting at $82,000 and three-bedroom units at $125,000. Managing Director Felicia Sao emphasized the company’s flexibility, allowing buyers to negotiate prices and propose payment plans tailored to their budgets.
“Our apartments are accessible to a wide range of buyers, from professionals to entrepreneurs. We focus on creating homes that cater to real people and their evolving needs,” Sao said. RSS Developers Ltd, known for its commitment to modern housing solutions, has a long history of serving middle-income earners across Ghana. The company prioritizes affordability and innovation, recognizing the critical role of housing in social and economic development.
Sao highlighted Meridian Gardens’ state-of-the-art amenities and exceptional craftsmanship, urging potential investors to seize the opportunity for both comfort and long-term value. The estate reflects RSS Developers Ltd’s mission to build vibrant, sustainable communities tailored to the needs of Ghanaian residents.
Real estate companies in Ghana report that cement prices have continued to rise despite the introduction of a law aimed at regulating them. According to CitiNewsroom, the legislative instrument (LI), introduced in September 2024, has yet to produce the intended effect.
Speaking at a property forum, Samuel Amegayibor, Executive Secretary of the Ghana Real Estate Developers Association, expressed disappointment. “Since the LI on cement was passed, we, as users of cement, have not noticed any change. In fact, prices have increased even further since its launch,” he stated.
The original draft of the law included a clause requiring cement manufacturers to obtain government approval before setting prices. However, this provision was removed after lobbying by cement producers and other stakeholders. The final version of the LI was passed after 21 parliamentary sittings.
Cement deliveries fell by 4.6% year-on-year to 3.6Mt in 2024, reflecting the impact of slow economic recovery, uncertainty, and high energy costs, according to industry association Cemsuisse. Despite this decline, the fourth quarter of 2024 showed a 2.1% year-on-year rise in deliveries, reaching 0.89Mt. This rebound was attributed to easing inflation and lower interest rates, leading Cemsuisse to express a “cautiously optimistic” outlook for 2025.
Additionally, the proportion of cement types with reduced clinker content increased to nearly 97%, up from just under 96% in 2023. However, the share of cement transported by rail slightly decreased to 37.4%, compared to 37.6% in the previous year.
Source : African Home Building News -Joycelyn Marigold
