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Saturday, March 23, 2013

Real Estate Development in Sunyani

About six years ago, accommodation in Sunyani -- Ghana's bread basket -- and recently christened 'Suncity', was not a problem people gave enough thought to. It. Was. Cheap.
Now, the story is different. Accommodation is now expensive. This is as a result of the growth the town has been enjoying in the past couple of years.
Snapshot of the hall
Newmont started operations in Kenyasi (a town 45min drive away from Sunyani). Most of their workers where housed in Sunyani. The company paid more than the average tenant.
Landlord's and landlady's saw the light!
Then the banks also found their way into.Sunyani: Zenith, Stanbic, Fidelity.
The Catholic University and the Sunyani polytechnic also contribute to the rent hike as they do not have adequate accommodation for their students.
But real estate development seems to be the latest 'craze' in Sunyani now. A lot of buildings are being put up.
I'd advise all interested in Real Estate development to grab the opportunity and get in on the action!
Some rent figures in Sunyani:
A single room with inbuilt toilet and bath costs ¢800/yr (on average)
A two-bedroom apartment goes for ¢200/month (on average)
A chamber and a hall costs ¢130/month (on average)
A snapshot of the bedroom

Sunyani is really growing, not just in population increase, but also with resources. I however fear if the growth is not controlled, it would not be a clean, hospitable, lovely town it is. Another blog post will talk on this.
Do watch out for Barcamp Sunyani in April, and make it a point to attend. See you there!

PS: The pictures in this post are of a chamber and Hall I nearly rented a month ago. Rent was  ¢150/month.

7 comments:

  1. Grap some land there give me oo. I want my retirement home to be in Sunyani

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    Replies
    1. Hehe, I hear you. I think lands are going for between GHS2500 - GHS7000.

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  2. Thanks for this blog post. I really love Suncity n I see myself buying land or property there.

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    Replies
    1. Welcome boss. Suncity does have a lot of potential for growth.

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  3. How far is Sunyani froom Accra? Thanks

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  4. Dela, Sunyani is about 306km from Accra. It's 7 hours by road, and 50 minutes by air.

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  5. please can u get me a nice plot of land at a beautiful site for building. please i need a litigation free land. thx

    ReplyDelete