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REDAN Building Expo Begins on 7th May with Launching of National Real Estate Data

The Real Estate Developers Association of Nigeria (REDAN) will begin this year’s Expo from 7th to 8th May at Shehu Musa Yaradua Centre, Abuja.

One of the major events at the Expo’s opening on the 7th will be the highly anticipated launch of the National Real Estate Data Collation and Management Programme (NRE-DCMP), which is designed to help tackle housing problems in Nigeria, including housing deficit.

NRE-DCMP was initiated by REDAN and Central Bank of Nigeria (CBN) to collate property price index nationwide to solve housing problems in the country.

According to the body’s President, Rev. Ugochukwu Chime, the data, collated from national land administrators on pre-construction, construction and post construction activities nationwide would be hoisted on the Nigeria Mortgage Refinance Company (NMRC)’s website for public usage.

“We are going to hoist the data on the website of the NMRC who actually is the key party and has done so much in the area of structural improvement to the mortgage process in Nigeria by keying into mortgage laws which they brought about.”

Chime bemoaned how before now there was a big misrepresentation of housing data in the country which has not really helped the sector.

“I have been in different fora where ministers representing different various ministries in Nigeria outside this country were giving different data about the same issue, which is embarrassing.

“We need data for planning; we need to know where we need those houses, so we organised it in such a way that the CBN agreed to work with us to tackle housing sector crisis.

“The data emerged from developers profile and capacity, demand and affordability profile of the market within a given locality and household condition survey.

“We went a step further to ensure that all the parties who are involved in the planning of various aspects have data for it.

He said that the association collaborated with CBN, World Bank, Ministry of Power, Works and Housing, Federal Mortgage Bank of Nigeria (FMBN) , NMRC , Value Chain, NpopC, and other stakeholders.

“We also collaborated with the National Bureau of Statistic (NBS), National Population Commission (NPC) to be able to have the NRE-DCMP which is a novel thing that has never happened before,” he added.

He further noted that the data had input on land administration and the 37 land administration entities in Nigeria including the improvement that could be brought to bear on them.

He added that the collated data included issues of mortgage law and foreclosure law as well as how to standardise operations of various institutions to ensure a developer received a standardise allocation letter.

Chime explained that the collated data would also dwell on how to standardise the deed of legal mortgage and deed of assignments in various registries to ensure it’s financial acceptance.

“On affordability we want to know the numbers and the people in the 774 LGAs who need the houses and their affordability reach so that we will stop the issues of having duplexes everywhere or building houses people cannot buy.

“So we can now do targeted construction that can only happen when we have the data on affordability and business data to know the people who are developing the houses.

“We also have housing condition which is the baseline to ascertain the condition of existing houses in the 774 local government or the 37 entities we have in 36 states and FCT.

“These components are what we have gone on to do by organising the NREDCMP,” he said.

According to him, the association has been able to ensure the various stakeholders have understanding of how all the data they want to work upon were collated, gathered and analyse.

Why 2019 Expo Will Be Best Ever

In an interview granted Housing News, the President of Real Estate Developers Association of Nigeria (REDAN), Rev Ugo Chime (UC), reveals why this year’s Expo will be the most improved and anticipated.

This year’s theme is, ‘’REAL ESTATE DEVELOPERS: THE BEDROCK FOR NATIONAL ECONOMIC STABILITY.”

According to him, the REDAN 2019 Expo is the third edition and it is aimed among other things to bring to floor the professional developers in the real estate and housing industry, and discuss how best they can serve as a catalyst in the development of the Nigeria economy.

Other Key Activities

Activities lined up includes mandatory continued professional development for participants; opportunities for the players in the industry to showcase their products; and the programme will also feature exhibition of building materials and corporate presentation of new products. This year’s expo will feature many exhibitions of real estate projects across the country, it will also feature display of new building technologies, innovations in home interiors and design.

The Guests of Honor

The guest of honor for this year’s REDAN EXPO is no other person than the Minister of Power works and housing, Mr Babatunde Raji Fashola. He will be the one to officially declare open the EXPO on the 7th of May.

The Speakers at This Year’s Expo?

This year’s lead guest speaker is no other person than Mr. Hakeen Ogunniran, who is the present Managing Director of Exima Realities. He was the former Managing Director of UBDC. He will be speaking on ““Harnessing Real Estate For Economic Development in Nigeria: Issues, Challenges and Solutions” and proposing a reform agenda.

Other guest speakers include Mr. Femi Adewole, the chief Executive managing director of family home funds.

Mr Akinwumi of ADB Abuja will also be delving into and speaking to us on a number of issues that will help unlock the potentials in our sector.

Standard Organisation of Nigeria(SON) will also be there to educate and inform

Expected benefits of attending this Expo

The 2019 REDAN Expo will create an unparalleled network opportunity for stakeholders who will be participating; it will be an avenue for stakeholders and other members who are looking for opportunities to relate with Family Homes Fund — a new establishment of federal government, to meet with the MD and get to know how they can benefit from Family Homes fund. For the first time, REDAN is collaborating with CBN and six other agencies which will be launching Real Estate Data at the opening ceremony. This year’s Expo will also be attended by all the Chief Executives from Federal Mortgage Banks in Nigeria, Mortgage Finance, Family Homes Funds and others including the Federal Ministry of power works and housing.

Also there will be the commencement of REDAN Initiative on Estate Endorsement, and Building Materials Endorsement, aimed at stemming quality challenges in the process and products on offer.

Family Homes Funds will also be there to unveil the array of novel and innovative real estate financing products they have.

Many Firms will also have their products and services on display.

REDAN Expo Set to Go

With the responses from people, stakeholders and partners, REDAN has assured that they are ready and good to go. The necessary logistics have been put in place and all expected participants have registered.

“This year’s REDAN EXPO is going to be greater and better than the previous ones. In that line, we are calling all stakeholders to give us their full support as always,” Chime said.

REDAN is an umbrella body of all real estate developers in the country. They’re the ones handling the supply side of the housing and construction industry. While people make demands, REDAN supplies.

National Workshop On Housing Cooperatives Organized By NISH & FHF In Pictures

NISH Affordable Housing Limited and Family Homes Funds have convened the first edition of their quarterly workshop on cooperative housing in Nigeria.

The event which took place today at the Shehu Musa Yaradua Centre in Abuja was well attended by representatives of a number of cooperatives in housing from across the country.

According to the MD/CEO of NISH, S K Yemi Adelakun;

“the objectives are to organise, empower, and acquaint cooperative leaders with Innovative Cooperative Housing Principles and sensitise them on how to aggregate members’ equity contributions through savings scheme towards effective and sustainable delivery of affordable housing to Cooperators. The workshop is also designed to strengthen the governance capacity, transparency and accountability of housing Cooperatives through information and communications technology,’’ he said.

Below are picture coverage of the event:

 

Housing show to drive finance models – Convener

The Convener of the 13th Abuja International Housing Show (AIHS) says the show will focus on driving sustainable housing finance models to achieve affordable houses.

Mr Festus Adebayo, Managing Director, FESADEB Media Group and the convener disclosed this in Abuja on Wednesday while speaking on the level of preparation for the forthcoming show.

The AIHS would feature more than 400 foreign and local exhibitors and 35,000 participants across 20 countries, scheduled for July 23 to July 26, at the International Conference Centre, Abuja.

The theme of the show is: “Driving Sustainable Housing Finance Models in the Midst of Global Uncertainties’’.

Adebayo said that the theme stemmed from the outlook of global economy that could tend toward another recession and the attendant impact such an event could have on Nigerian affordable market. “The likelihood of global recession is on the level of increase of global debt

“According to International Monetary Fund (IMF), the global debt has reached `an all time high’ of 184 trillion dollars in nominal terms. “In addition to the likelihood of recession is the rising level of global uncertainties,’’ he said.

This, he said, were fuelled by nationalistic sentiments such as the ongoing tussle between China and the United States of America and also between European Union and its member states like United Kingdom.

“Coupled with the current monetary tightening it is expected to increase in Europe and USA,’’ the convener said. The expert explained that the show had also introduced innovations in the 13th AIHS exhibition aspect that would give enough room for networking among participants.

“The second AIHS Chief Executive Officers forum will feature 100 high ranking CEOs of mortgage banks, real estate institutions and companies, construction companies’ professional bodies and international investment organisations.

“The international investor’s dinner will also feature delegations from Turkey, Rwanda, China and United Arab Emirate to deliberate on way to achieve affordable housing.”

On the successes recorded in the past by AIHS, Adebayo noted that its recommendations were taken and complied with by many states across the country.

“Our recommendations were well utilised in Osun where we now have a full-fledged mortgage bank owned by the state government.

“It is also working in many states including Niger state where the state is developing its mass city involving aggressive estate development to explore the opportunities of the population influx from Abuja.”

He expressed hope that the in-coming administration would do more in the area of housing to drive the country’s economy. “We are also aware that most houses have been delivered under the present government.

“But we are adamant that our focus in the 13th AIHS will be more on the area of affordability of these houses that government is building,’’ he said. (NAN)

Source: Ella Anokam

Online registration open for 2019 International Builders Show

The National Association of Home Builders (NAHB) has officially opened online registration for the 2019 NAHB International Builders’ Show (IBS), the largest annual light construction trade show in the world.

The show which will be celebrating its 75th, will take place at the Las Vegas Convention Centre, on Feb.19-21, 2019.The 2019 IBS will again co-locate with the National Kitchen & Bath Association’s (NKBA) Kitchen & Bath Industry Show(KBIS) for the 6th annual Design & Construction Week (DCW).

Click here to watch weekly episodes of our Housing Development Programme on AIT

The two shows are expected to host more than 2,000 exhibiting brands spanning over a million net square feet of exhibit space, for the largest annual gathering of the residential design and construction industry.

“As we kick off our 75th anniversary of the International Builders’ Show, we are thrilled to bring even more exciting offerings to our attendees than ever before,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “There is truly nowhere else that you can find such an array of innovative products, education sessions, special events and networking opportunities all in one place. This is the biggest show for the housing industry and is not one to be missed.”

Attendees will also have access to more than 130 education sessions led by renowned experts on a wide range of industry topics. For those looking for more niche programming, the IBS Centrals which are free to all attendees, offer more targeted networking and education programs in such specialized fields as remodelling, design, 55+ housing and more.

And the High-Performance Building Zone will feature real-world construction demonstrations and IBS Live presentations focused on what’s next in home building. Additionally, for the third year in a row, the IBS show floor will feature the CEDIA Pavilion, a space showcasing exhibitors who specialize in technology solutions for the home.

The 2019 show will kick off on the morning of Feb. 19 with an exciting Opening Ceremonies event featuring Emmy-award winning actor and comedian Dana Carvey and a performance from Blue Man Group. That evening, Drai’s Beach club and Nightclub at the Cromwell Hotel will host the Official IBS House Party. Other events throughout the week include the Young Pro Party and the IBS Spike Closing Concert where attendees will close out the week by enjoying a performance by world-famous rock band, the Goo Goo Dolls.

Attendees will also have the opportunity to tour NAHB’s official IBS show homes, The New American Home (TNAH) and The New American Remodel (TNAR). The homes are designed to showcase innovative building technologies, emerging design trends and the latest building products.

SOURCE: nahb.org

 

Egypt Housing Forum set to hold in Cairo

In order to address the urgent housing needs of Egyptians, a housing forum is set to take place in Cairo, Egypt. The Housing Forum, dubbed ‘The Egypt Housing Forum’ is scheduled to take place at The NileRitz Carlton, on 5-6 December, 2018.

Speaking on the event, the Conference Director, Chiara Palieri, said ‘’the forum is the only dedicated housing event which will gather stakeholders from government, developers, architects, investors, contractors and suppliers to address the urgent requirements within the Egypt housing market’’.

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Speaking further he said “Witnessing the construction boom of the housing sector in Egypt is a testament of the Renaissance of the country. With a rapidly growing population, creating sustainable and high-quality housing units is of paramount importance and we are delighted to have all key stakeholders present in our event.”

The two-day conference will discuss a variety of industry related strategic topics focusing on the growth of the housing market in Egypt, while an estimated $28 billion dollars will be spent on housing mega projects by 2030.

A host of industry experts from some companies including Al Futtaim, Hamza Associates and National Urban Community Authority will be leading keynote panel discussions and presentations that will address key topics including financing, social housing, smart housing technologies and the latest projects commissioned in the market.

The conference will be full of activities including panel discussions, keynote presentations, award ceremony and networking opportunities.

SOURCE: worldconstructiontoday.

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