The Rivers State Government has kicked off one of its most ambitious real estate developments yet — the PH Airport City Housing Project, a luxury mini-city designed to reshape urban living, attract high-value investors, and fast-track economic growth across the state.

The project, launched in partnership with Masta Services Company Limited, will deliver an initial 2,000 modern housing units near the Port Harcourt International Airport in Omagwa.

It forms part of a broader urban renewal strategy aimed at positioning Rivers State as a premier destination for sustainable real estate investment.

Speaking at the unveiling ceremony held at the Hotel Presidential, Port Harcourt, officials confirmed that the development will operate under the Masta Rivers Development Company Limited, a special-purpose vehicle with Masta Services holding 70% equity and the Greater Port Harcourt City Development Authority (GPCDA) representing the state with 30%.

A Key Component of the Greater Port Harcourt Masterplan

The PH Airport City is a major addition to the Greater Port Harcourt Masterplan, which spans 1,900 square kilometres across eight local government areas and is projected to house more than two million residents.

Spread across 80 hectares, the airport city will be Nigeria’s first true aerotropolis, with the airport serving as its economic nucleus. Project Brand Consultant, Ade Adeoshun, described the development as a “new frontier” for unlocking economic potential in oil, gas, business logistics, and real estate.

World-Class Features for Investors and Returning Residents

Managing Director of Masta Services, Arc. Ugo Ohuabunwa, said the project is designed to reverse the trend of urban flight by offering a secure, global-standard residential hub for executives, entrepreneurs, and diaspora Nigerians seeking modern living.

The development will feature:

• One- to five-bedroom smart homes
• Centralised electronic security and CCTV
• Fibre-optic connectivity
• Malls, recreation hubs, and entertainment centres
• Gas-to-power infrastructure
• Central sewage and stormwater systems
• Four fire stations
• Extensive road networks

Property prices start at ₦32 million, with mortgage options available from the Federal Mortgage Bank of Nigeria (FMBN) and Stanbic IBTC.

Accessible Mortgage Funding for Homebuyers

During the launch, FMBN Port Harcourt Branch Manager, Melody Ukwa, highlighted various flexible mortgage offerings tailored for workers, diaspora Nigerians, and young professionals. Options include:

• Rent-to-Own Scheme
• Renovation Loans
• Diaspora Mortgage Packages
• National Housing Fund Loans

Mortgage tenures will run up to 30 years, depending on the buyer’s age and income bracket.

The GPCDA also confirmed that all building designs and infrastructure plans comply with international best practices in mass housing development.

A Transformative Leap for Rivers State

The PH Airport City Housing Project is expected to restore investor confidence, attract major corporate players, and strengthen Rivers State’s real estate market. By blending luxury, security, and cutting-edge infrastructure, the project is set to redefine modern living in Port Harcourt and stimulate long-term economic growth.

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