A 130ft by 65ft residential plot in Federal Housing Estate, Asaba is currently being marketed by Mansa Luxe Realty at a reduced guide price of ₦90,000,000, from a previous guide price of ₦120,000,000. The seller is motivated, but buyers should still treat the offer as a property transaction that requires inspection and legal verification.
What is being offered?
- Approximate size: 785 sqm.
- Location: Federal Housing Estate, also known as Asaba Housing Estate or Malaysia Estate.
- Setting: a gated, mature residential estate.
- Distance: approximately eight minutes by road to Asaba International Airport.
- Use: bare, build-ready residential land.
- Document description: transferable Approval for Allocation of a Residential Plot from the Land Use and Allocation Committee of the Federal Ministry of Works and Housing.
What the reduced price does and does not mean
The reduction gives serious buyers a different entry point from the former guide price. It does not remove the need to confirm current availability, inspect the land, review the allocation and understand the transfer steps. It also should not be confused with a guarantee that the land will appreciate.
What to inspect
Inspect the route, estate access, boundaries, surrounding buildings, drainage, security arrangements and physical condition of the land. Buyers abroad can request a live video inspection or send a trusted representative.
What your lawyer should verify
Your lawyer should review the allocation document, issuing authority, plot identity, owner details, transferability, seller authority and any required consent or registration steps. The listing describes the allocation; it does not replace independent legal advice.
Who may find it useful?
The plot may interest a buyer planning a family home, an Asaba base, a future retirement home or a carefully reviewed land investment. The decision should be based on your purpose, budget, verification outcome and development plan.
To request the current inspection and document-verification process, message Mansa Luxe Realty on WhatsApp and identify this as the Federal Housing Estate Asaba land listing.