SuCasa Properties commissions No. 10’Grantson Communities 

By Christabel Oboshie ANNAN, Accra

A leading real estate company in Ghana, SuCasa Properties Limited, has commissioned the first phase of its series of O’Grantson Communities located at East Legon Hills in Accra.

The first phase of the series of communities is named No. 1 O’Grantson Communities and is the first of four similar projects that are being constructed by SuCasa Properties Limited.

The No. 1 O’Grantson Communities has 17 modern townhouses comprising three four-bedroom houses, and 14 three-bedroom houses.

The Chief Executive Officer of SuCasa Properties Limited, Michael O’Grantson-Agyapong, said that the aim of the company is to tackle the housing infrastructure deficit through the provision of affordable housing units for Ghanaians.

He stated that the O’Grantson Communities will have basic amenities such as malls, drive-in cinemas, police posts, healthcare facilities among others, to offer home owners the  opportunity to enjoy the neighbourhoods in which they live.

He noted that a three-bedroom house at the project retails at GH¢560,000 while a four-bedroom house goes for GH¢840,000.

Mr O’Grantson-Agyapong disclosed that a total of four similar communities are expected to be completed by his outfit this year as part of efforts to reduce Ghana’s housing deficit.

He said the second phase of the project, christened ‘No. 2 O’Grantson Communities’ (55 units), is on schedule to be commissioned in April, while the ‘No. 3 O’Grantson Communities’ (816 units including malls and cinemas) and the ‘No. 4 O’Grantson Communities’ located at Ayi Mensah would be completed later in the year.

“We have four of the O’Grantson Communities but there are going to be more of them to follow and most of them are going to be much bigger than this,” he added.

He stressed that the grand vision of SuCasa is to build 2000 houses by the close of 2023. 

The Minister for Works and Housing, Francis Asenso-Boakye, stated that the launch of the project was confirmation that “the desired environment is being created by Government to attract private sector investments into the housing sector.”

He urged all private-sector developers to study the SuCasa model which takes into consideration a comprehensive planning concept that provides for a self-sustainable community that provides relevant social amenities for residents.

He commended SuCasa Properties Limited for conducting business in the local currency.

“I am particularly happy to learn that the company endeavours to transact business in the Ghana Cedi, which has enormous benefits for our local economy and also ensures compliance with regulations of the Bank of Ghana,” he stated.

The Executive Secretary of the Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor, also commended SuCasa for contributing significantly to the national housing stock and completing the project amid the ongoing national economic challenges.

He also commended the government for passing laws to boost the real estate sector by passing laws such as the Land Act, the Real Estate Agency Act and the revised Anti-Money-laundering act.

However, Mr Amegayibor urged the Minister for Works and Housing, to ensure the passage of the Condominium Bill and the establishment of the National Housing Authority to regulate the practice of real estate developers.

He said the presence of a single regulator would root out charlatans operating in the sector.