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Small players should join forces to achieve affordable housing – Obinna Onunkwo



Affordable housing

Middle to small scale players in the real estate sector should band together to be able to enjoy economies of scale and achieve lower cost housing.

This was a submission of Obinna Onunkwo, the Deputy CEO of Purple during the ThePressNG Real Estate Industry Outlook Webinar that occurred on March 9, 2024.

Mr Onunkwo speaking further, noted that with shared services management structure, small-scale players in the sector could also help themselves lower costs.

Onunkwo noted that developers should try to adopt the land optimization model, highlighting that building only one type of facility on a piece of land is no longer a sustainable model. He highlighted that with land optimization, developers can optimize yield and diversify their portfolio, thus bringing stability in their assets.