Hi there! Thanks for watching. Please don't forget to like and share this video, and leave a comment too. For Inquiries; ☎: +2347060614389 (Chat and Call ) Whatsapp: +2349032050309 (Chat and Call) Email: info@edenoasisrealty.com Website: www.edenoasisrealty.com Connect with us! instagram.com/edenoasisrealty/ instagram.com/achodoconfidence_realtor/ twitter.com/edenoasisrealty/ facebook.com/edenoasisrealty/
For those commenting nonsense, Banana Island is not for everyone. It is for the exclusive rich list. That money spent elsewhere could purchase for you two or even three of such mansions. It is a matter of choice.
I told Nigerians that as time keeps on passing by, the more nonsense they accept from these developers, the more nonsense they keep putting out and giving you, before it used to be half plot of land houses, which to me, later on became understandable because if you do not have a big family, then it makes sense, later they started shrinking the plots so bad that you can barely pass by the sides of the house without having to tilt your body a certain way, all while upping the prices. Now look at what they are giving you, less than a half plot of land, for an exhorbitant price. Take 5m dollars to anywhere in thw world and you will be getting a mansion with resident permit and no frigging neighbors looking above your head.
Nice interiors, Although I am not a practicing architect, I did get my Degree and have grown up with my Late father and involved with some building projects. the GDP of Nigeria being being $440 Billion and income per capita of $2,000 ..this far beyond the reach of many. Hyper inflated prices geared toward Western Millionaires. Far beyond the reach of most Nigerians.
It’s not them, I’ve seen some other realtors advertise this yard. It’s the owner. $5M for this yard isn’t with it to me, another persons cup of tea 🤷🏾♂️
If it's 100 million or say 500 million I would say hm ok but then 5 billion?? And then neighbors can even view your home. 5 billion should be able to get someone privacy
5million, for country that have no light,no road,full of bad belle people, its not 5m dollar sale it for 5billion,lazy satan fuckers, if buy house here in usa 150k and 32 house will be 5million dollar and 5ok left over, with 32 house one year i will be making 576000 k, the why should wast on useles house thats not worth 50k dollar
confidence thank you because you have always been the best in your game, thank you for everything. always showing us the environments and properties around the houses its so beutiful we need more luxury homes to be shown in this chanel, we need more rich estates.
This property is overpriced. Is not worth even 2m. In Canada, a 5m home in Vancouver will blow your mind, which is one of the most beautiful cities in the world.
I apologise for any disrespect but why would anyone pay that much money for a house that is overlooked from all sides with hardly any vegetation? The swimming pool is very basic.
May be so, but it is about location location location. Those who want to live here will pay for it. I think they might furnish it differently, but it is the market. It’s circa $3.5m - I think it is reasonable for Banana Island
@@Southernview3k yes they are but 5 billion is a lot of money. We are not talking 900million o, they left million to billions. I just feel if that kind of money is being spent, I think they should be privacy. I love watching house videos and even in America, that 5mill dollars can get a beautiful house with lots of environmental space and privacy
Where there is no price regulation greed becomes a king.l keep asking if the cement,sand,blocks and builders are imported too?This house is more like 150k dollars not 5 million dollars.Most Nigerians abroad don't realize the things we buy is government price regulated,because they don't want you to know that.A 5 million dollars house in England will have a horse stable as standard nevermind in Nigeria.Thank you.
@brilliance2319 I get that, the point is that the nigerian elite are mostly corrupt and instead of worrying about them buying their 12th mansion, they should worry about making a feasible country for their constituents and citizens.
The ridiculousness of this price tag is astounding. in a country of insecurity, lack of basic amenities, poverty capital of the world, things like this should be criminal.
@@brilliance2319 i do not need documentaries to know what the data depicts. it's shameful you are actually defending the indefensible. as of today 133 million nigerians are in 3 dimensional poverty.
@@wademarc9801 I'm not defending the indefensible. I am saying all over the world there is unspeakable poverty and suffering NOT JUST IN AFRICA AND NOT ONLY IN AFRICA.
Watch " free documentary" every episode. Watch " worlds most dangerous roads" / " worlds most deadliest roads" every episode. Watch " dark net" every episode. Watch " vanguard" every episode. So you will see there is indescribable suffering ALL OVER THE WORLD AND AFRICA DID NOT CREATE INJUSTICE EVEN THOUGH YES SOME AFRICAN PEOPLE ARE SUFFERING.
@@brilliance2319You're correct but then, there are different levels to how poor a place can be. There's poverty everywhere, yes. But it's not as prominent as Nigeria. A country of over 200million people has over half of them living in poverty hence giving it the title as the world's poverty capital
first time on dis channel and i must say......the house is beautiful buh no touch of perfection, 5m$.. that's outrageous....cost of land in banana island is 💔 land 2M$ house and furniture 1.5M$ profit 1.5M$ ...use gun instead of word's it's easier that way.
Now this is not me trying to go after Confidence. No. But come to think of it. If you see any house right now in any city in U.S that is $5m that house will wow you. When i see houses that worth even $3m in in Europe or American and the same price goes for a house here in Nigeria you begin wonder what's going on.
It’s the market bro. This phenomenon is not unique to Nigeria. Major cities around the world, you pay over the odds for not much living space. Location location location!!!
N5billion will give you an architectural masterpiece in Ikoyi. A Nigerian celebrity will buy this house.; but those who are familiar with interior decoration , aesthetics , antiqaues, history and class are more likely to stay in Ikoyi with N5billion.
This is a beautiful four-story modern design mansion with a balcony pool. I like the living room, the kitchen, the master bedroom, the master bathroom, and the master closet.
Aunty, we love you for all you do but I am sure when you heard this house is $5m I am sure you laughed and you said to yourself they will roast me in the comment section. Me I will build my own house myself for $5m. The compound alone is not huge, no good parking garage. I am vexing
Another nice video from 'Africa's finest real estate consultant'. However, Confidence, i hasten to add my comments to the others in the comments section criticising the high price tag. Yes, the house itself is luxurious, the architecture is grand, the interiors are well done: however, luxury living is far more than that. Those who want luxury also want privacy. This house lacks that. It's overlooked by a block of flats one side, and the house on the other side is way too close as well. While the compound is spacious, for the price you would expect a lot more space than this, with greenery. The house appears to have been shoe-horned or sandwiched into the space. Not good. Yes, Banana Island can be pricey, and deservedly so, but this is not worth $5m. I recall a $3m home on your channel a few years back; now that was definitely worth its price tag. I think the developer of that one is the guy behind Lekki Foreshore.
That same home of $3m worth over $4-$5m now. Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
@@MrILES-gu3xbeven if a person is staying in bq that does not mean that she can't say the truth. The house is fine but for 5 billion? And then no privacy
@@AngelOruore1 that guy talking rubbish may have not even buy one piece of land before yet shaming someone that he lives in BQ @@@honestly this house is over rated i know a more beautiful home at pinnock estate that im pricing 800m the agents said 1.2 and it's 100x finer than this shit things are expensive but this shit isn't worth it My house in Dubai is $2m yet luxurious than this
Nigerian homes are really in need of a developer who understands what luxury looks like. A $5M home in the Hamptons, one of the most exclusive places on the planet is miles ahead of this excuse for a home. Nigerians please do better.
The house is really beautiful and spacious. I just think houses in Lagos are overrated. That's a 5 billion naira house. We are talking Billions o. I would expect that with that amount of money, one would get a little estate with huge land that it would take a few minute before seeing another house. Even all these America celebrities and others that buys a cute house of $5million, they have their privacy and hugs land But this one you can even see the neighbours dirty compound.
That's because there are only a few lands available for sale in that location. Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
$5'000'000 X N1'625 = N8'125'000'000 😂😂😂😂😂😂 N8b for a narrow house with no privacy. That land size is about N1b/N1.2b . Construction cost N300'000'000 max. God save us.
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
@mooflagosrealty thanks for your input, but you just lost by shooting yourself in the foot. You estimate the land at N1b. Let's make it, even N1.5b. You mentioned importation goods. What we import is fittings, and that house will take less than 1 40-foot container, but for your benefit, let's call it 2 containers. The previous cost of clearing 1 container was N12m, but let's call it N25m now, so 2 containers would be N50m. Buying 2 containers of fittings would cost $200k for top end quality. Block work is cheap and won't cost up to N50m. So..... Land N1.5b Fittings $200 (N300m) Custom N50m Structural work N150m With my extremely generous estimates, the total cost is just coming up to N2b I hope we can both agree that $5m is a greedy asking price for a place where residents experience that horrible rush hour bottleneck traffic daily.
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
It will be unfair to say that this crib isn’t astounding but the price is a lil bit too much I personally think 2.5b is ok for the price tag…. But funny enough this crib will be sold in no time
Depends on the abroad you mean. $3.5m dollars for this house in Banana Island is reasonable. This will barely buy you a garage in Manhattan or Central London.
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
Herbert Wigwe's Mansion is estimated to have cost 10 Billion Naira..and that house is 5 to 7 times what this is. Banana Island land is overpriced, and this house is overpriced.
People complain about the price i will pay that price to be in a land where i have opportunities to grow as a business man not get harassed by other races and the police its not perfect but its a start and a lesser of two evils... I bet it very peaceful outside can you say that for American cities.
Why should I buy a ppty for $5m, when I can use that money to open a business and gain profit above that $5m and also build power station to generate electricity for the people.
For $5m I’ll get a super house in Atlanta this ain’t worth it. Looking at the video might be wrong but some of the design choices are shocking and materials look cheap. For $5m that stairs could have been more modern with a clean finish.
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
@@mooflagosrealty I'm aware of how housing is priced and all the factors that goes into it. customs and all you listed doesn't negate the fact from the images shown and the amount stated the building could be a bit better when compared to houses in similar range across the world.
Another glorified slum. 5 mila, yet the houses next to the house can see thru the bedrooms, no real green space. There are some money miss road peopke will be interested. My humble abode here is even better and it's not even up to $500,000. Fantastic green areas and fresh
This looks like it was designed for a bachelor, too tight for a family. The house is not high enough or wide enough to justify the price tag. $5m and you still see at least 20 strange people everyday?
Una dey buy rubbish for that Lagos ooh 5 billion Naira for a slice of house 2 billion Naira will get Me a house sitting on an acre of land in America or Canada..make una shift abeg jare
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
Overated mansion, why all Nigeria developers always incorporate laundry section in the kitchen. Laundry section suppose to be in a different room, beside this house does not worth more than 500million naira not dollar
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For those commenting nonsense, Banana Island is not for everyone. It is for the exclusive rich list. That money spent elsewhere could purchase for you two or even three of such mansions. It is a matter of choice.
I told Nigerians that as time keeps on passing by, the more nonsense they accept from these developers, the more nonsense they keep putting out and giving you, before it used to be half plot of land houses, which to me, later on became understandable because if you do not have a big family, then it makes sense, later they started shrinking the plots so bad that you can barely pass by the sides of the house without having to tilt your body a certain way, all while upping the prices. Now look at what they are giving you, less than a half plot of land, for an exhorbitant price. Take 5m dollars to anywhere in thw world and you will be getting a mansion with resident permit and no frigging neighbors looking above your head.
Nice interiors, Although I am not a practicing architect, I did get my Degree and have grown up with my Late father and involved with some building projects. the GDP of Nigeria being being $440 Billion and income per capita of $2,000 ..this far beyond the reach of many. Hyper inflated prices geared toward Western Millionaires. Far beyond the reach of most Nigerians.
This home defines luxury without feeling overdone.
You people are really becoming broad day light thieves huh? 5 million dollars for that house that all the rooms look like passage.
It’s not them, I’ve seen some other realtors advertise this yard. It’s the owner. $5M for this yard isn’t with it to me, another persons cup of tea 🤷🏾♂️
If it's 100 million or say 500 million I would say hm ok but then 5 billion?? And then neighbors can even view your home. 5 billion should be able to get someone privacy
5million, for country that have no light,no road,full of bad belle people, its not 5m dollar sale it for 5billion,lazy satan fuckers, if buy house here in usa 150k and 32 house will be 5million dollar and 5ok left over, with 32 house one year i will be making 576000 k, the why should wast on useles house thats not worth 50k dollar
😂😂😂😂
confidence thank you because you have always been the best in your game, thank you for everything. always showing us the environments and properties around the houses its so beutiful we need more luxury homes to be shown in this chanel, we need more rich estates.
God bless you! I have been waiting for this video, thank you so much.
This is a beautiful home Confidence. I would love to see more homes like this
wow wow wow wow wow Allah i love this house
This property is overpriced. Is not worth even 2m.
In Canada, a 5m home in Vancouver will blow your mind, which is one of the most beautiful cities in the world.
exactly rubbish
Use your head. It’s the location that makes it look expensive. Not only the house. Same applies to such homes in mid town Manhattan
@@MrILES-gu3xb is the location more exclusive than Vancouver ?
Na lie . A $5m house in Canada is trash . Real estate in the entire Canada is trash .
@@Ley-r2q do your research before talking
I apologise for any disrespect but why would anyone pay that much money for a house that is overlooked from all sides with hardly any vegetation? The swimming pool is very basic.
What are you talking about?? Have you been to New York to see how close in proximity houses are ? Just say you can’t afford it and move on 😂
That’s New York, this Nigeria
May be so, but it is about location location location. Those who want to live here will pay for it. I think they might furnish it differently, but it is the market. It’s circa $3.5m - I think it is reasonable for Banana Island
@@MrILES-gu3xb You're comparing New York and Lagos? Lolol...Joke is on you 😂😂😂
@@MrILES-gu3xbare you slow?
First, it's sooooo good to have you back....
This one is pricey sha, but e fine gan.
"a spacious gym" that can only hold one treadmill 🥲
😂😂😂😂😂😂 stop plzzz 😂😂😂
This house does not worth the 5bn price tag. 😢
At all
It may worth it.
The price of furnitures and building materials are expensive in the market.
@@Southernview3k yes they are but 5 billion is a lot of money. We are not talking 900million o, they left million to billions. I just feel if that kind of money is being spent, I think they should be privacy. I love watching house videos and even in America, that 5mill dollars can get a beautiful house with lots of environmental space and privacy
Absolutely
It worth the price because of the location.
This is great you're doing well confidence 😍🎉
Thanks for your feedback.
Never in my life will I pay $5 million. No space at all!
I just love this lady, how she carries herself ❤
I am pretty sure this lady is laughing before they started filming just because of the price.
Stunning home. Thanks for posting again, Confidence.
Where there is no price regulation greed becomes a king.l keep asking if the cement,sand,blocks and builders are imported too?This house is more like 150k dollars not 5 million dollars.Most Nigerians abroad don't realize the things we buy is government price regulated,because they don't want you to know that.A 5 million dollars house in England will have a horse stable as standard nevermind in Nigeria.Thank you.
Exactly is too expensive.
I think she means the whole estate
Until Nigeria takes care of its hard-working people, there should be no $5m real estate there
But everywhere in the world there are high luxury prices and high luxury costs and then people who work hard and yet are not rich.
@brilliance2319 I get that, the point is that the nigerian elite are mostly corrupt and instead of worrying about them buying their 12th mansion, they should worry about making a feasible country for their constituents and citizens.
The ridiculousness of this price tag is astounding. in a country of insecurity, lack of basic amenities, poverty capital of the world, things like this should be criminal.
Poverty capital of the world? You must not read nor watch documentaries about other places in the world which are non-african.
@@brilliance2319 i do not need documentaries to know what the data depicts. it's shameful you are actually defending the indefensible. as of today 133 million nigerians are in 3 dimensional poverty.
@@wademarc9801 I'm not defending the indefensible. I am saying all over the world there is unspeakable poverty and suffering NOT JUST IN AFRICA AND NOT ONLY IN AFRICA.
Watch " free documentary" every episode. Watch " worlds most dangerous roads" / " worlds most deadliest roads" every episode. Watch " dark net" every episode. Watch " vanguard" every episode. So you will see there is indescribable suffering ALL OVER THE WORLD AND AFRICA DID NOT CREATE INJUSTICE EVEN THOUGH YES SOME AFRICAN PEOPLE ARE SUFFERING.
@@brilliance2319You're correct but then, there are different levels to how poor a place can be. There's poverty everywhere, yes. But it's not as prominent as Nigeria. A country of over 200million people has over half of them living in poverty hence giving it the title as the world's poverty capital
Good presentation. You are improving everyday. Well done.
WaterFall suburb in Johannesburg wud give you much more erf for such a huge price tag.
first time on dis channel and i must say......the house is beautiful buh no touch of perfection, 5m$.. that's outrageous....cost of land in banana island is 💔 land 2M$ house and furniture 1.5M$ profit 1.5M$ ...use gun instead of word's it's easier that way.
Now this is not me trying to go after Confidence. No. But come to think of it. If you see any house right now in any city in U.S that is $5m that house will wow you.
When i see houses that worth even $3m in in Europe or American and the same price goes for a house here in Nigeria you begin wonder what's going on.
Whoever buys the house must be a money miss road person.
With all due respect, the house is stunningly underwhelming. 😮
It’s the market bro. This phenomenon is not unique to Nigeria. Major cities around the world, you pay over the odds for not much living space. Location location location!!!
Please...
Banana Island building/houses ... Their prices are highly placed above their true value, paying to be among people who won't give anything.
You’re taking the piss 😂😂😂
Lol Beverly hills nu go hear this one ooo
This is stunning !
I saw confidence in banana island cuz my house is one of those apartments in and was facing dis house I was so shocked wen I saw her
Stunning ❤i want to buy it right now. Any provision for bq? And washing machine? Thanks
Absolutely gorgeous & kingly ❤❤❤❤❤❤
N5billion will give you an architectural masterpiece in Ikoyi. A Nigerian celebrity will buy this house.; but those who are familiar with interior decoration , aesthetics , antiqaues, history and class are more likely to stay in Ikoyi with N5billion.
The house is so gorgeous
This is a beautiful four-story modern design mansion with a balcony pool. I like the living room, the kitchen, the master bedroom, the master bathroom, and the master closet.
Worried about NEPA power outage while travelling up the lift
Lol me too
These prices are extra-terrestrial. I would chop the land into three zones. Build far less than what they are projecting here. Infill architecture.
Definitely money laundry scheme!!
😂😅
Aunty, we love you for all you do but I am sure when you heard this house is $5m I am sure you laughed and you said to yourself they will roast me in the comment section. Me I will build my own house myself for $5m. The compound alone is not huge, no good parking garage. I am vexing
Another nice video from 'Africa's finest real estate consultant'. However, Confidence, i hasten to add my comments to the others in the comments section criticising the high price tag. Yes, the house itself is luxurious, the architecture is grand, the interiors are well done: however, luxury living is far more than that. Those who want luxury also want privacy. This house lacks that. It's overlooked by a block of flats one side, and the house on the other side is way too close as well. While the compound is spacious, for the price you would expect a lot more space than this, with greenery.
The house appears to have been shoe-horned or sandwiched into the space. Not good.
Yes, Banana Island can be pricey, and deservedly so, but this is not worth $5m.
I recall a $3m home on your channel a few years back; now that was definitely worth its price tag. I think the developer of that one is the guy behind Lekki Foreshore.
That same home of $3m worth over $4-$5m now. Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
Two much in a small space. The pools are very small. Not too much space around the house like you don't have any privacy.
Meanwhile na BQ you dey stay ohh. Dey play
Exactly my point
@@MrILES-gu3xbeven if a person is staying in bq that does not mean that she can't say the truth. The house is fine but for 5 billion? And then no privacy
@@AngelOruore1 that guy talking rubbish may have not even buy one piece of land before yet shaming someone that he lives in BQ @@@honestly this house is over rated i know a more beautiful home at pinnock estate that im pricing 800m the agents said 1.2
and it's 100x finer than this shit
things are expensive but this shit isn't worth it
My house in Dubai is $2m yet luxurious than this
True
Nigerian homes are really in need of a developer who understands what luxury looks like. A $5M home in the Hamptons, one of the most exclusive places on the planet is miles ahead of this excuse for a home. Nigerians please do better.
The Hamptons is overrated. I would never live there even if I became a billionaire tomorrow.
@brilliance2319 You will never live in Hampton, but you will live in Lekki? You are hilarious.
😊A.YY PERFECT
The house is really beautiful and spacious. I just think houses in Lagos are overrated. That's a 5 billion naira house. We are talking Billions o. I would expect that with that amount of money, one would get a little estate with huge land that it would take a few minute before seeing another house. Even all these America celebrities and others that buys a cute house of $5million, they have their privacy and hugs land But this one you can even see the neighbours dirty compound.
That's because there are only a few lands available for sale in that location. Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
W😲W !
5billion, small parking space 😅
I have seen 1.5b house, very smart and larger with spaces parking spaces still in this Lagos
$5'000'000 X N1'625 = N8'125'000'000 😂😂😂😂😂😂
N8b for a narrow house with no privacy.
That land size is about N1b/N1.2b .
Construction cost N300'000'000 max.
God save us.
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
@mooflagosrealty thanks for your input, but you just lost by shooting yourself in the foot.
You estimate the land at N1b. Let's make it, even N1.5b.
You mentioned importation goods. What we import is fittings, and that house will take less than 1 40-foot container, but for your benefit, let's call it 2 containers.
The previous cost of clearing 1 container was N12m, but let's call it N25m now, so 2 containers would be N50m.
Buying 2 containers of fittings would cost $200k for top end quality.
Block work is cheap and won't cost up to N50m.
So.....
Land N1.5b
Fittings $200 (N300m)
Custom N50m
Structural work N150m
With my extremely generous estimates, the total cost is just coming up to N2b
I hope we can both agree that $5m is a greedy asking price for a place where residents experience that horrible rush hour bottleneck traffic daily.
Pls I would love to buy this house is it still available
Not bad
You guys should reduce the price to 3m and sell if quick the price is just too much for this house
Exactly 😂
It’s. Joke for that price nd 5,000 square meters is incorrect.
5831SQFT NOT SQM
Still available?
Nice house but the price is ridiculous.
Exactly
Woow beautiful mansion ❤❤
😂$5M ?! You know what i can do with $5milli in Nigeria?
yes thats the build 50k dollar house and ask for 5m, thats yahoo yahoo people.must time its peope living in abroad the are asking to buy the house
@@Heavenlycomedy no f**l abroad is paying $5m for this
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
It will be unfair to say that this crib isn’t astounding but the price is a lil bit too much I personally think 2.5b is ok for the price tag…. But funny enough this crib will be sold in no time
Nahh tbh if i had enough I wouldn’t even complain i’ll just get it once. The time is close
Poverty makes me think this house is not worth $5M, May God forgive me and grant me wealth ! Amen . May we never be poor
stupid, bill gate does wast money, dagote does not wast money
Can you imagine??? It’s hurts so much to know you can get a good abroad with lesser price😢
Lagos is overrated
Depends on the abroad you mean. $3.5m dollars for this house in Banana Island is reasonable. This will barely buy you a garage in Manhattan or Central London.
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
Herbert Wigwe's Mansion is estimated to have cost 10 Billion Naira..and that house is 5 to 7 times what this is.
Banana Island land is overpriced, and this house is overpriced.
This price tag of this house is a DAY LIGHT ROBBERY.
This home is worth $1.2m
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5 billion naira but i da see cotton may them da sell 100 000 naira for yhe living room wahaha and 200k center table una don start
People complain about the price i will pay that price to be in a land where i have opportunities to grow as a business man not get harassed by other races and the police its not perfect but its a start and a lesser of two evils... I bet it very peaceful outside can you say that for American cities.
That's like N7 billion naira?
Build this same house yourself, and I bet you, you'll spend way less than 5 million dollars to do that.
location Location Location because if it's not, this house is definitely NOT $5M worthy. Still nice though ☺
Na so you dey do for here?
if i could afford this house, there is no way in hell I would live here, look at the razz looking fake grass and furniture outside, God ibeg.
The one at lekki sold at the rate of two billion naira is even more more big and beautiful than this one why 5m dollars too expensive
Buy a chicken house for 5 million dollar....
Even in America a 5 million dollar estate will wow you.
Why should I buy a ppty for $5m, when I can use that money to open a business and gain profit above that $5m and also build power station to generate electricity for the people.
This house is 400m last!!!
You just dy shout your English 😂
For $5m I’ll get a super house in Atlanta this ain’t worth it. Looking at the video might be wrong but some of the design choices are shocking and materials look cheap. For $5m that stairs could have been more modern with a clean finish.
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
@@mooflagosrealty I'm aware of how housing is priced and all the factors that goes into it. customs and all you listed doesn't negate the fact from the images shown and the amount stated the building could be a bit better when compared to houses in similar range across the world.
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Overpriced nonsense!
5billion & no enough space to pack 10-15 luxury automobiles? !o!
Lagos state government needs to regulate its property sector.this is a scam na
5 million Naira or US dollars
$5M for this cage? This is broad day robbery. I am sure confidence knows the truth but she has to do her job.
Lmao🤣🤣
It means that this particular house costs more to compare with the late Herbert wigwe mansion at Queens Drive Ikoyi. Laughable
Ahh so small no space small land lol
Waste of money. What value can this house give in 5 years
Another glorified slum. 5 mila, yet the houses next to the house can see thru the bedrooms, no real green space. There are some money miss road peopke will be interested. My humble abode here is even better and it's not even up to $500,000. Fantastic green areas and fresh
This looks like it was designed for a bachelor, too tight for a family. The house is not high enough or wide enough to justify the price tag. $5m and you still see at least 20 strange people everyday?
House of 5m dollar either in uk or America we wow u pls confidence dont give u this kind of house again
Why $5m .
With 5ms....take that to the UAE not only will you get better value for money you'll get a 10year golden visa
Una dey buy rubbish for that Lagos ooh 5 billion Naira for a slice of house 2 billion Naira will get Me a house sitting on an acre of land in America or Canada..make una shift abeg jare
Houses around this particular estate are very expensive due to the high cost of land and High-end real estate already in the environment owned and resided by Important figures in Nigeria. A sqm of land in that estate cost about N1.9M to N2.5M by about 550sqm of land, is valued over a Billion Naira. Almost all the materials used in that home is imported, meanwhile the cost of clearing goods in Nigeria by the Custom is quadrupled the normal price. Pls anytime you see a Real Estate Listing and you feel the price is exorbitant; ask the real estate broker the reasons why it is.
Overated mansion, why all Nigeria developers always incorporate laundry section in the kitchen. Laundry section suppose to be in a different room, beside this house does not worth more than 500million naira not dollar
Nah wa oh! Well Crypto billionaires will buy it not for those who build their wealth from scratch
People that buy this kind of house just did so to fuel their ego cos what is this for 5m dollar is this a joke
The house video that you did a about 1 months ago cost $320K and it is way better than this $5 million one:
th-cam.com/video/lSm8O81p9lY/w-d-xo.html
So not with the price.
All cap😂