Showing posts with label population growth. Show all posts
Showing posts with label population growth. Show all posts

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.