The company was responding to a recent story on LBO on the housing market.
The full text of the statement is published below:
Real estate a sound investment
Despite some reports in the press heralding doom and gloom for the local property market, several condominium projects are doing business as usual and have registered no tangible drop in demand. Their positive sentiments are supported by none other than the Central Bank, which authenticates this in its latest Annual Report: The demand for houses and urban infrastructure is expanding rapidly with population growth and urbanization. The report goes on to say: Private sector continued to play a vital role in the housing sector…Construction of condominium housing