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Offer of Sale
Unit Specification
Conditions of Sale
How to Apply

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Conditions of Sale
 
 
A. PRICES (Excluding VAT)
2(two) bedroom terrace bungalow - N3.49m, 3(three) bedroom detached bungalow- N4.99m 

These prices indicated above cover – Plot of land, Building including water closet, shower, wall & floor tiles, sink fittings, connection to septic tank, and appurtances as contained in the Housing Unit Specification

B. PAYMENT TERMS
Payment for house acquisition could be either through the NHF or outright purchase. Irrespective of this, the payment terms are as follows:

 
 
S/N
STATUS
AMOUNT
DAY
i. Upon allocation Payment of 10% of unit sale price
0
ii. Super structure level Payment of 20% of unit sale price
20
iii. Roof level Payment of 30% of unit sale price
45
iv. Practical completion Payment of 40% of unit sale price
80

Payment could either be by bank cheque in favour of DN Meyer Plc and submitted to any of the recommended outlets or direct to any Union Bank of Nigeria Plc Account No. 0811020004735.

C. DEFAULT
In the event of default, all deposit payment will be refunded after the sale of the housing unit post completion.

D. ALLOCATION
Allotees will be selected by an open ballot exercise upon receipt of duly filled application forms and allottees are expected to effect the 1st payment within 5 (Five) working days from the date of notification of allotment. Notification will be via registered letter to allotee’s address on application form. Non payment of 1st payment within the stipulated period automatically voids the allotment.


E. GUARANTEES

All payment for the houses are guaranteed by UBN Plc, Whereby full refund of all deposit by allotees will be made in the event of non delivery of the housing unit on due date.

Find our how to apply here.


 
 
 
 
 
 
 
 
 
 
 
 

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