@brownbonno.
Thanks for your prudent advise Sir. I see that you have calculated the percentage of the commitment fee of the 2 Bedroom on the total price of the property and you have arrived at about 37%. However, be aware that 1.5m is not 37% the total price of the other housing units. i.e. # Bedroom- 5 Bedroom.
we arrived at this price because we wanted a uniform commitment fee for properties within Abuja metropolis irrespective of size and total price. Thank you

@all,
sincere apologies for not replying to your comments earlier than now.

@Brownbonno,
i think it would be better for you to contact us on our phone numbers so we could make some issues clearer to you.
Im very sure we have never mentioned the words "non-inclusive and unrefundable" as regards the commitment fee. Local banks are constantly contacting us offering to pay the commitment fees  if our subscribers do not have it, im sure they did thier homework before partnering with us.

Terminologies seem to be the source of confusion here, the commitment fee is more or less a deposit/ part-payment or rather land cost for the chosen property, it is inclusive of the total amount you are paying for any of our properties.

For example, a 2 bedroom flat at Kado-Kuchi:Toal would be 4Million naira
commitment fee: 1.5M (loan can offered by Intercontinental bank)
Property price : 2.5M  (Up to 30 yrs by mortgage)
On an average, a 2 bedroom flat from our competitors can be up to 6.8million in the same areas

Since you are familiar with mortgages in the UK, then consider our commitment fee as the 10-30% down payment you are normally  required to make when purchasing a property on mortgage in the UK. But then consider the fact that housing in Nigeria is quite different from western countries, here are normally required to buy land and build on your own.

@lilian10,
i am glad you have already spoken to one one of our marketers. please send us your name and phone number by email and we would give you a call to clarify all issues.
Our head office is at No8b Amurie Omanzie Street,by old CBN, Garki 2 Abuja. phone numbers 09-7802886,09-7803121
Wuse office: Suite 15, kaku plaza,kikuyu close, Near AMAL court, Wuse 2 Abuja
Email:  fhtventuresplc@yahoo.com, info@blueroyalsites.com
Website: www.blueroyalsites.com

@Brownbonno,

You have nothing to be scared of. The prices of our houses are very cheap compared to that of other major developers in Abuja, and there is no need to exercise fear over price rises. The prices we offer you on your property today is what you pay, on a simple interest of 6% payable between 10 to 30 yrs.

Concerning the commitment fee, the prices are fixed as well but is dependent on area. As you may or may not know, the price of a property in Abuja depends on the location.

this is how the commitment fee works,

Masaka area commitment fee is N100,000

New Karu (Satelite town) N300,000

Kado (city centre) N1,500,000

There are more areas, and the commitment fee differs as well but the price of the property is the same. Please feel free to ask any further questions

LETTER OF INTRODUCTION

FHT Ventures, Plc (Promoters of Blue Royal Sites & Services) is a Multi-disciplinary Group of Consultants and Developers base in the FCT Abuja. We have a well designed drawn out Mortgage Based Housing Scheme for civil servants and the general public alike.

Our Services:
1. Prime sites at various locations within the Federal Capital Territory that will be developed into housing units for Civil Servants and the General Public.

2. Various types of single-family detached and semi-detached housing design to choose from.


3. Our design includes 2, 3, 4 and 5 bedrooms bungalows and duplexes to choose from.

4. Low monthly payments on all mortgage loans.


5. Our Overseas Professional Technical Partners will provide state-of-the-art designs that meet international standards.

6. We provide all infrastructures in all estates and satellite towns for conveniences of our beneficiaries.

7. Our goal is to provide Affordable and Decent houses for all income earners.


8. We enjoin your members to subscribe to this scheme and in matter of a few months they will have their keys to their houses in their hand. Early subscription will afford you the opportunity to enjoy some special privileges.

9. An arrangement has been concluded in Partnership with Banks to assist the members of your Staff with the Land Commitment Fees within 12 Months. Attached is the letter from Intercontinental Bank.

The locations of our building sites within F.C.T are as follows:

(a) KADO-KUCHI(Opposite PHCN Housing Estate)

(b) LIFE CAMP(Gwarimpa- Kafe)


(c) GALADIMAWA( Opppsite Sun- Valle Homes)

(d) GALADIMAWA(Opposite Sun-City Housing Estate)

And suburb sites are: Mararaba, New Karu and Masaka. Thus more Sites are being negotiated with the Services providers, you will be informed accordingly.

Our mortgage based program is in line with other programs in other developed countries like the UK, Canada and the United States of America with a fixed single digit interest rate of 6%. A one-time mortgage commitment fee of between Three Hundred Thousand to Three Million Naira (depending on the design of house chosen by a beneficiary) is required at the early stage of our program as a sign of commitment prior to commencement of building the house.
For further details and more enquiries on this, please call the Executive Chairman, Prince O. A. Adewa-Faboro on the following numbers: 08039206743; 08023445403; 08056921117.
We sincerely thank you for taking time out of your busy schedules and humbly await your response.

Yours faithfully,


Prince O. A. Adewa-Faboro
Executive Chairman
FHT Ventures Plc

LETTER OF INTRODUCTION

FHT Ventures, Plc (Promoters of Blue Royal Sites & Services) is a Multi-disciplinary Group of Consultants and Developers base in the FCT Abuja. We have a well designed drawn out Mortgage Based Housing Scheme for civil servants and the general public alike.

Our Services:
1. Prime sites at various locations within the Federal Capital Territory that will be developed into housing units for Civil Servants and the General Public.

2. Various types of single-family detached and semi-detached housing design to choose from.


3. Our design includes 2, 3, 4 and 5 bedrooms bungalows and duplexes to choose from.

4. Low monthly payments on all mortgage loans.


5. Our Overseas Professional Technical Partners will provide state-of-the-art designs that meet international standards.

6. We provide all infrastructures in all estates and satellite towns for conveniences of our beneficiaries.

7. Our goal is to provide Affordable and Decent houses for all income earners.


8. We enjoin your members to subscribe to this scheme and in matter of a few months they will have their keys to their houses in their hand. Early subscription will afford you the opportunity to enjoy some special privileges.

9. An arrangement has been concluded in Partnership with Banks to assist the members of your Staff with the Land Commitment Fees within 12 Months. Attached is the letter from Intercontinental Bank.

The locations of our building sites within F.C.T are as follows:

(a) KADO-KUCHI(Opposite PHCN Housing Estate)

(b) LIFE CAMP(Gwarimpa- Kafe)


(c) GALADIMAWA( Opppsite Sun- Valle Homes)

(d) GALADIMAWA(Opposite Sun-City Housing Estate)

And suburb sites are: Mararaba, New Karu and Masaka. Thus more Sites are being negotiated with the Services providers, you will be informed accordingly.

Our mortgage based program is in line with other programs in other developed countries like the UK, Canada and the United States of America with a fixed single digit interest rate of 6%. A one-time mortgage commitment fee of between Three Hundred Thousand to Three Million Naira (depending on the design of house chosen by a beneficiary) is required at the early stage of our program as a sign of commitment prior to commencement of building the house.
For further details and more enquiries on this, please call the Executive Chairman, Prince O. A. Adewa-Faboro on the following numbers: 08039206743; 08023445403; 08056921117.
We sincerely thank you for taking time out of your busy schedules and humbly await your response.

Yours faithfully,


Prince O. A. Adewa-Faboro
Executive Chairman
FHT Ventures Plc

LETTER OF INTRODUCTION

FHT Ventures, Plc (Promoters of Blue Royal Sites & Services) is a Multi-disciplinary Group of Consultants and Developers base in the FCT Abuja.  We have a well designed drawn out Mortgage Based Housing Scheme for civil servants and the general public alike.

Our Services:
1. Prime sites at various locations within the Federal Capital Territory that will be developed into housing units for Civil Servants and the General Public.

2. Various types of single-family detached and semi-detached housing design to choose from.


3. Our design includes 2, 3, 4 and 5 bedrooms bungalows and duplexes to choose from.

4. Low monthly payments on all mortgage loans.


5. Our Overseas Professional Technical Partners will provide state-of-the-art designs that meet international standards.

6. We provide all infrastructures in all estates and satellite towns for conveniences of our beneficiaries.

7. Our goal is to provide Affordable and Decent houses for all income earners.


8. We enjoin your members to subscribe to this scheme and in matter of a few months they will have their keys to their houses in their hand. Early subscription will afford you the opportunity to enjoy some special privileges.


9. An arrangement has been concluded in Partnership with Banks to assist the members of your Staff with the Land Commitment Fees within 12 Months.  Attached is the letter from Intercontinental Bank.

The locations of our building sites within F.C.T are as follows:

(a) KADO-KUCHI(Opposite PHCN Housing Estate)

(b) LIFE CAMP(Gwarimpa- Kafe)


(c) GALADIMAWA( Opppsite Sun- Valle Homes)

(d) GALADIMAWA(Opposite Sun-City Housing Estate)

And suburb sites are:  Mararaba, New Karu and Masaka. Thus more Sites are being negotiated with the Services providers, you will be informed accordingly.

Our mortgage based program is in line with other programs in other developed countries like the UK, Canada and the United States of America with a fixed single digit interest rate of 6%.  A one-time mortgage commitment fee of between Three Hundred Thousand to Three Million Naira (depending on the design of house chosen by a beneficiary) is required at the early stage of our program as a sign of commitment prior to commencement of building the house.
For further details and more enquiries on this, please call the Executive Chairman, Prince O. A. Adewa-Faboro on the following numbers: 08039206743; 08023445403; 08056921117.
We sincerely thank you for taking time out of your busy schedules and humbly await your response.

Yours faithfully,


Prince O. A. Adewa-Faboro
Executive Chairman
FHT Ventures Plc

Hi fellow Nairaland users,
i can confirm to you that the dream of owning your own property in Abuja through Blue Royal site and Services is not a mirage. The project is sponsored by FHT Ventures Plc, Abuja with support from foriegn partners from the united States of america and United Arab Emirates (UAE).

Any questions you may wish to ask will be answered on this forum or by contacting me on blueroyalsites@yahoo.com

Interested members to contact our website www.blueroyalsites.com for more information

@Seun,
while i understand your pessimism, i can tell you that FHT ventures is an independent organisation working with the federal and state governments to provide affordable housing for all Nigerians. The houses are provided by simple mortgage arrangement, first come first serve. Give us a try will you