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Author: GC_Addotey

CategoriesHeritage 100

Golden Coast Developers Unveils Developer-Backed Mortgage at Ghana Real Estate Investment Summit

By GC_Addotey,

Golden Coast Developers, a leading name in Ghana’s real estate market, proudly hosted the Ghana Real Estate Investment Summit on the 27th of September, 2024, spotlighting critical developments in the sector. The event, themed “Ghana’s Real Estate: Is It a Bubble?”, drew key players from across the industry to engage in insightful discussions, unveiling new initiatives aimed at transforming the landscape of real estate investment in Ghana.

Golden Coast Developers Introduce Developer-Backed Mortgage
A groundbreaking announcement was made by Neil Oku, CEO of Golden Coast Developers, in partnership with CalBank. Both parties introduced a financing product called Developer-Backed Mortgage which offers, unparalleled benefits for home buyers at Heritage 100. These benefits include:

  • An attractive interest rate of 8.75% from the traditional 12%
  • A stress-free application process
  • Flexible repayment terms within 5 years, and
  • The option for homeowners to generate rental income to cover mortgage payments.
  • This innovative and special mortgage product is designed to make homeownership more accessible, particularly for the diaspora community looking to invest in Ghana.

How Does Developer-Backed Mortgage Work?
Golden Coast Developers provides a financial guarantee to CalBank, allowing buyers to access mortgage financing at competitive rates with fewer barriers than traditional methods. The steps are as follows:

  1. Down Payment: The buyer deposits a minimum of 30% of the total cost of the unit they choose.
  2. Mortgage Arrangement: The remaining 70% is structured as a mortgage by CalBank, with a repayment term spread over 5 years. Buyers will enjoy a competitive interest rate of 8.75% which is currently lower than the the industry average.
  3. Occupancy and Rental Income: Once construction is complete (within two years), the buyer can take possession of the property. The property can be rented out to a third party. Owners can then offset their mortgage commitments with rental income.
  4. Full Ownership: After the mortgage is fully paid, the bank transfers the property title to the buyer. Throughout the repayment period, the property title remains with the bank as security, ensuring the buyer’s investment is protected.
Golden Coast Developers Yaw Tony
CategoriesAwards

Embarking on a Creative Odyssey with Yaw Tony: Our New Creative Director

By GC_Addotey,

We are thrilled to introduce Mr. Yaw Tony as our new Creative Director. With a rich background in visual arts, digital design, and immersive experiences, Yaw brings a wealth of experience and innovation to our team. As a visionary leader, Yaw’s approach to design goes beyond aesthetics, aiming to create immersive narratives that resonate deeply with our audience.

Yaw’s impressive career has seen him curate captivating stories through design, leaving a lasting impact on every project. His arrival marks a transformative journey toward a more vibrant, innovative, and visually compelling future.

Yaw shares, “I am honored to join this dynamic team. Together, we will explore new realms of creativity, infusing each project with artistry and purpose.”

Join us in welcoming Yaw Tony as our Creative Director, as we embark on an exciting creative journey under his guidance. We invite you to be part of this thrilling adventure with us!”

Here are the links to his websites, allowing you to discover and admire his exceptional craftsmanship:

YawTony’s Website | Instagram: @yawtony

LifeLiveTh’s Website | Instagram: @lifeliveth

CategoriesAwards Heritage 100

Gold Coast Developers Tops All Africa….At International Property Awards

By GC_Addotey,

In a remarkable display of architectural excellence, Golden Coast Developers has once again proven its prowess in the real estate industry by clinching top honors at the International Property Awards for Africa 2023-2024.

The company’s latest project, Heritage 100, has been awarded the prestigious 5-star winner in both the Best Apartment / Condominium Development Ghana and Best Residential High Rise Development Ghana categories, standing out among hundreds of entries.

The award ceremony, which took place in London on February 22, 2024, saw the CEO of Golden Coast Developers personally accepting these esteemed awards. This achievement is a reflection of the company’s dedication to merging contemporary design with African heritage, creating spaces that are not only visually stunning but also culturally meaningful.

Located in the vibrant neighborhood of Labone, Accra, Heritage 100 is an afropolitan community of luxury apartments that offers nine stories of spacious living, green energy, and modern amenities.

As Ghana’s first Edge certified residential building, Heritage 100 sets a new standard for sustainable and wellness-focused living, with its commitment to reduced energy consumption and the use of sustainable materials.

Neil Oku, the CEO of Golden Coast Developers, has expressed his belief that Africa is poised for a wave of development, and Heritage 100 is designed with Africans, African Americans, and investors in mind.

“We had the freedom to design Heritage 100 in any way we wanted, but we chose to construct it to represent the essence of Africa,” he remarked.

CategoriesHeritage 100

Jean Ng, Head of Enterprise Singapore Visits Golden Coast Developers to Discuss Heritage 100 and Ghana’s Real Estate Landscape.

By GC_Addotey,

Jean Ng, Head of Enterprise Singapore Visits Golden Coast Developers to Discuss Heritage 100 and Ghana’s Real Estate Landscape.

Golden Coast Developers on the 15th of July was graced by Jean Ng, the Head of Enterprise Singapore and her team. This was part of her tour of Africa’s innovative and sustainable real estate developments.

During the meeting, Jean and her team engaged the CEO of Golden Coast Developers , Mr Neil Oku on various Ghanaian real estate topics, such as property demand, financing, investment opportunities and challenges.

Both parties also discussed the progress of Golden Coast Developers‘ flagship development, Heritage 100 , and explored its innovative, smart, and culture-rich facilities and amenities.

Nevertheless, the head of enterprise’s key interest was with Heritage 100’s green, eco-friendly, and sustainable living, which aligns with her mission for a greener future for Singapore, Ghana and the planet.

A few of Heritage 100’s sustainable and eco-friendly features include:

  1. Private plant gardens that are fully irrigated and provide shade and cleaner air Water saving devices
  2. Energy-saving devices
  3. Natural Insulation tiles and
  4. Less embodied carbon materials, reducing the development’s carbon footprint.

She was excited with Heritage 100’s lead on sustainable living in Africa and compared Heritage 100 to many similarly ambitious developments in Singapore.

She is hopeful that on her next visit, many developers will follow suit and put up greener and more sustainable homes for a better present and future.