PH-Airport City - Housing TV Africa

Rivers State Begins Massive Airport City Housing Project

housingtv — Thu, 20 Nov 2025 07:41:39 +0000

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.

The post Rivers State Begins Massive Airport City Housing Project appeared first on Housing TV Africa.

PH Airport City Set to Transform High-End Housing and Drive Economic Growth in Rivers State

bethel innocent — Mon, 17 Nov 2025 12:16:05 +0000

A New Urban Vision A bold new urban vision is taking shape on the outskirts of Port Harcourt. The Rivers State Government and Masta Services Company Limited are unveiling PH Airport City. This self-sustaining, luxury mini-city aims to attract executives, investors, and long-time residents back to the Garden City. PH Airport City sits near Port Harcourt International Airport in Omagwa. The development will begin with 2,000 housing units, delivered in phases. These units will lay the foundation for a city within a city—modern, secure, competitive, and built for luxury living.

Project Structure and Partnerships Masta Rivers Development Company Limited, an SPV, leads the project. Masta Services holds 70 percent equity, while the Greater Port Harcourt City Development Authority (GPCDA) represents the state with 30 percent. The official unveiling took place at Hotel Presidential in Port Harcourt. Organizers also announced a partnership with the Federal Mortgage Bank of Nigeria (FMBN) to offer accessible mortgage plans for future homeowners.

Masterplan and Scale PH Airport City forms part of the Greater Port Harcourt Masterplan. This plan covers about 1,900 square kilometres across eight local government areas. Planners expect the region to grow into a modern urban cluster with over two million residents. Project brand consultant Ade Adeoshun said the mini-city will cover 80 hectares. Investors already have access to verified land titles.

Unlocking Economic Potential Adeoshun called the unveiling a new dawn for Rivers State. He emphasized that Port Harcourt’s economic strength, especially in oil and gas, remains underused. Years of insecurity, neglected infrastructure, and urban flight have held the city back.

Reversing Urban Flight Arc. Ugo Ohuabunwa, Managing Director of Masta Services, presented the masterplan. He explained that PH Airport City aims to reverse the exodus of high-value individuals from the state.

Many top executives left due to insecurity and the lack of secure, world-class residential environments. Ohuabunwa pointed out Port Harcourt’s strategic location. The city connects to Aba, Uyo, Owerri, Onitsha, and Yenagoa in under two hours. He believes Port Harcourt deserves urban infrastructure that reflects its economic importance.

Features of Nigeria’s First Aerotropolis PH Airport City will become Nigeria’s first true aerotropolis. In this model, the international airport functions as the economic hub. The city will feature residential, commercial, logistics, entertainment, and smart technology districts. Planned features include one- to five-bedroom smart homes, centralized electronic security, CCTV, malls, and entertainment centers. Residents will enjoy fiber-optic connectivity, gas-to-power systems, central sewage and stormwater management, extensive roads, and four fire stations.

Prices start at about ₦32 million. FMBN and Stanbic IBTC will provide mortgage support to widen access to luxury living. The developers will not rely on buyers’ funds to finance construction—a rare model in Nigeria’s housing sector.

Flexible Mortgage Options Melody Ukwa, Port Harcourt Branch Manager of FMBN, outlined the flexible housing products. These include Rent to Own, renovation loans, diaspora mortgage packages, and the National Housing Fund. Homeowners can access tenures of up to 30 years. Bennett Chu, Administrator of the GPCDA, said the state government examined every part of the development. The government insists on global standards to deliver mass housing without sacrificing quality.

Looking Ahead Construction has already begun. The developers want to create a lifestyle destination that blends safety, elegance, technology, and convenience. This project aims to restore investor confidence and change the story of Port Harcourt. The city’s strategic location and integrated infrastructure will redefine urban living in Rivers State. The first sets of housing units will arrive in phases soon.

The post PH Airport City Set to Transform High-End Housing and Drive Economic Growth in Rivers State appeared first on Housing TV Africa.

Rivers Govt, Masta Services Launch PH-Airport City Housing Project

housingtv — Tue, 28 Oct 2025 05:30:03 +0000

The Rivers State Government has partnered with Masta Services Ltd through the Greater Port Harcourt City Development Authority (GPCDA) to develop 2,000 housing units near the Port Harcourt International Airport, Omagwa.

The project, called PH-Airport City, will be built in phases and designed as Nigeria’s first aerotropolis a modern mini-city where the airport serves as the main economic hub.

Masta Services Managing Director, Ugo Ohuabunwa, said the initiative aims to attract executives back to Port Harcourt, offering world-class homes priced from ₦32 million. He noted that financing support would come from the Federal Mortgage Bank of Nigeria (FMBN) and Stanbic IBTC Mortgage.

FMBN’s Port Harcourt Branch Manager, Melody Ukwa, said buyers can access mortgage options, including rent-to-own and construction loans with up to 30 years repayment.

The post Rivers Govt, Masta Services Launch PH-Airport City Housing Project appeared first on Housing TV Africa.