Why new capital seeks investment, living space in The Seattle Residences

62 total views, 2 views today

In a crowded, oligopolistic and slow-moving market where everybody seems to be doing virtually the same thing, what keep both the market and product suppliers going are product differentiation and efficiency of service delivery.

The Seattle Residences is one of the latest iconic products in the Nigerian property market today. It was not lost on its developers and promoters that the market into which they introduced their product in December 2018 was not only crowded, but also slow-moving, reflecting the state of the economy.

A $32million project funded by Triton Universal Global Concepts Limited, a private real estate investment company, The Seattle Residences comes as upscale luxury serviced apartments offering luxury waterfront living experience with panoramic views of the Lagoon.

It is often said that, in real estate, location is everything. But for The Seattle Residences and its developers, a piece of luxury such as this looks beyond this cliché, which is why today, every new capital in the market for investment or residential purposes seeks a space or slice of its breath-taking offerings.

Located in the heart of Lagos, in the serene enclave of Walter Carrington Street, Victoria Island, Seattle Residences offers fully furnished 3 and 4-bedroom apartments that are perfect blend of modern architecture, indulgent home comfort, state-of-the-art appliances and breath-taking vistas.

Comfort and convenience are major considerations for a luxury-loving home buyer. But a savvy investor takes it further. He considers return on his investment too. On this score, The Seattle Residences does not disappoint such investor.

“The project aims to achieve a yield of 12 percent, some 200 basis points above the average prime mixed-use development yield as at Q4 2018. In deciding the appropriate mix for the project, the developers balanced the risk between long term and short-term tenancy, and the … Read More...