Headlines food African Home Buiding News
Quarm-LMI Consortium, to complete the remaining 1,506 Saglemi Housing Project
Deputy Housing Minister Calls for Collaboration to Decarbonise Building and Construction Sector
UK Government Pledges New Consumer Protections in Housebuilding Sector
The Saglemi Housing Project, originally aimed at delivering 5,000 affordable units, has now found a new developer, the Quarm-LMI Consortium, to complete the remaining 1,506 housing units.
This decision follows lengthy negotiations involving key government bodies such as the Ministry of Works and Housing, the Attorney General’s Office, the Ministry of Finance, and Deloitte.
Although the project was plagued by delays, legal issues, and vandalism since its start in 2012, the Ministry of Works and Housing clarified that it has not been sold. Instead, Quarm-LMI Consortium will finance and complete the project, with both the government and the developer expected to recoup their investments post-completion. Kojo Oppong Nkrumah, the Minister for Works and Housing, expressed optimism, highlighting that this step will help address Ghana’s housing deficit.
The Quarm-LMI Consortium, which combines expertise in industrial park development, real estate, logistics, and finance, was chosen over other contenders, including Broll Ghana Limited. The project’s revival is expected to benefit salaried employees and workers’ unions with affordable housing units.
Deputy Housing Minister, Dr. Prince Hamid Armah, has called for broad collaboration to ensure the success of the plan to decarbonise Ghana’s building and construction sector.
Speaking at an event at the AH Hotel in Accra on October 24, he emphasized that the roadmap is not solely a government initiative but a collective effort. Dr. Armah highlighted that the success of the plan hinges on the active involvement of all stakeholders, including government bodies, the private sector, financial institutions, and civil society
Ghana’s bustling capital continues to attract attention with its rich cultural heritage and modern commercial appeal.
Home to a vibrant mix of locals and expatriates, the city offers a dynamic environment ideal for real estate investments, especially in its most upscale neighbourhoods like Cantonments, Labone, East Legon, Roman Ridge, and Westlands.
Standing out among these areas is the Airport Residential Area, renowned for its exclusivity, convenience, and array of high-end services. One project that exemplifies the area’s premium real estate offerings is The Milton, a stunning nine-story twin-tower development that promises a luxurious living experience.
The Milton is designed to cater to discerning residents, featuring an impressive range of amenities. These include a state-of-the-art swimming pool, a fully equipped gym, 24/7 security services, a spa, a beauty salon, and personalised concierge services. Additionally, residents enjoy the convenience of an on-site grocery store, pharmacy, and two fine-dining restaurants.
Strategically located in one of Accra’s most sought-after areas.
The UK Government has pledged to implement new measures following a Competition and Markets Authority (CMA) study on the housebuilding sector.
These include a new consumer code for housebuilders and a New Homes Ombudsman service to help homeowners address quality issues with developers.
The government will also enhance protections for households under private management arrangements, improve transparency in estate management through the Leasehold and Freehold Act 2024, and provide guidance for residents’ management companies. Further consultations will be held to address issues like “fleecehold” estates and unfair charges.