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Speculation Surrounds N12M Rental Apartment

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A luxurious apartment in Abuja’s Presidential Villa, Asokoro, is causing a stir due to its exorbitant N12 million rent alongside additional fees. The fully-furnished one-bedroom residence also demands a N1 million caution fee, N1 million service charge, and a N10,000 excursion fee. These costs have sparked online debates, showcasing diverse opinions.

In response to this Lagos news, some residents expressed disbelief, comparing housing costs with building expenses, while others highlighted inflated rental prices. Such discussions reflect housing market challenges facing Nigerian cities. To explore more reactions and insights, visit the original source on legit.ng.

Key Takeaways:

  • High rent and fees spotlight housing market disparities.
  • Residents express concerns over escalating housing costs in Abuja.
  • Video tours showcase apartment’s appeal but emphasize price shock.

Could rising housing costs impact future rentals in Nigerian cities? Share your thoughts!



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