Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,177,812 members, 7,902,597 topics. Date: Saturday, 27 July 2024 at 12:54 PM

General Topic Thread-To Discuss Anything And Everything in Building Construction - Properties (2214) - Nairaland

Nairaland Forum / Nairaland / General / Properties / General Topic Thread-To Discuss Anything And Everything in Building Construction (4593382 Views)

Discuss Anything Property And Lets Make Money In The Process / Residential Building Construction Mistakes In Nigeria You Need To Avoid / General Topic Thread - The Roforofo Thread Of Construction Activities (2) (3) (4)

(1) (2) (3) ... (2211) (2212) (2213) (2214) (2215) (2216) (2217) ... (3724) (Reply) (Go Down)

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by diordaves(m): 11:44pm On May 21, 2021
rmx:


My take ...

Outside say 3 to 4 tier one cities in Nigeria , maybe another 6 or 7 state capitals , doing malls of 15 to 20k sqm lettable space or more will land you in a lot of trouble financially , maintenance wise etc , the market is not sustainable /the commercial retail tenants to fill the spaces are not there , our economy and consumer spending is not that robust . Add the rumored exit of struggling shoprite , the anchor tenant for most , you can understand the chaos that might come

I strongly believe there is market for compact malls , a few thousand sqm lettable space in fantastic location within the city at reasonable leasable price point

For the mall/ group u mentioned ,know some people there and they agree 100% with my summation , would also say it’s the only one that qualifies to be called a mall in the true sense in ibadan in my own opinion

Brilliant synopsis! Spot on.

You need a half decent consumer spending power and a healthy and growing middle class to sustain the footfalls in malls.

In Nigeria, the middle class is not growing, graduate entry jobs pay pittance and the State governments deliberately delay payment of salaries if they pay at all. There is no sustainable pension in Nigeria so majority of the elderly are destitute without spending power. The 18 to 25 years olds have next to nothing spending power as majority are unemployed.

In the developed economies, where some say malls are going out of fashion, it is the middle class, the graduate ( blue collar) jobs, young people and the seniors who sustain shopping malls. These we don't have in Nigeria in a true sense of the word 'have'.

The sectors that are growing are politics, political thuggery, internet fraud and kidnapping. These minority group cannot sustain malls up and down the country. The economy is at a low ebb that majority will rather go to Jankara market to buy live chicken than go to ShopRite to buy frozen chicken.

6 Likes

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by KIDfurniture(m): 12:09am On May 22, 2021
Indeed it's a small world. Our project on your street is paused cause of the mighty OSAMA.. let's discuss omi adio sir.




EgunMogaji2:


I keep telling people that we live in a small world.

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 12:42am On May 22, 2021
diordaves:


Brilliant synopsis! Spot on.

You need a half decent consumer spending power and a healthy and growing middle class to sustain the footfalls in malls.

In Nigeria, the middle class is not growing, graduate entry jobs pay pittance and the State governments deliberately delay payment of salaries if they pay at all. There is no sustainable pension in Nigeria so majority of the elderly are destitute without spending power. The 18 to 25 years olds have next to nothing spending power as majority are unemployed.

In the developed economies, where some say malls are going out of fashion, it is the middle class, the graduate ( blue collar) jobs, young people and the seniors who sustain shopping malls. These we don't have in Nigeria in a true sense of the word 'have'.

The sectors that are growing are politics, political thuggery, internet fraud and kidnapping. These minority group cannot sustain malls up and down the country. The economy is at a low ebb that majority will rather go to Jankara market to buy live chicken than go to ShopRite to buy frozen chicken.

I agree with you , That’s why I always laugh when i read a lot of analysis based on our so called 200m population , when 80/90 million are living below the poverty line already and struggling , so called middle class are being decimated with inflation , devaluation , lack of good jobs and opportunities, shrinking purchasing power , poor economy etc

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rmx: 12:49am On May 22, 2021
diordaves:


Brilliant synopsis! Spot on.

You need a half decent consumer spending power and a healthy and growing middle class to sustain the footfalls in malls.

In Nigeria, the middle class is not growing, graduate entry jobs pay pittance and the State governments deliberately delay payment of salaries if they pay at all. There is no sustainable pension in Nigeria so majority of the elderly are destitute without spending power. The 18 to 25 years olds have next to nothing spending power as majority are unemployed.

In the developed economies, where some say malls are going out of fashion, it is the middle class, the graduate ( blue collar) jobs, young people and the seniors who sustain shopping malls. These we don't have in Nigeria in a true sense of the word 'have'.

The sectors that are growing are politics, political thuggery, internet fraud and kidnapping. These minority group cannot sustain malls up and down the country. The economy is at a low ebb that majority will rather go to Jankara market to buy live chicken than go to ShopRite to buy frozen chicken.

Vice economy is growing cool
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Chekitaut: 12:53am On May 22, 2021
EgunMogaji2:


I keep telling people that we live in a small world.
Very correct oga mi... I deliver to a site through the site engineer unfortunately the project was a primary school classmate, funny thing is i went to site aim @ stop work for my unpaid delivery, i met him i did not sawhim 1st but he did watching my drama, He told one of the labour to call me, as i sighted him i laughed called his full name, he was shock i can still remember. A pin hole is small than the world.
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Badgers14: 3:39am On May 22, 2021
dongc:


Malls Obsolete ?? Not so far away from me is a major mall construction by venture capitalist... there are currently over 50 mall construction/plans in different stages either planning or contracts stages or construction...my county and many others count Malls as development ...its been difficult for malls with covid-19 the past one year.little ease of restrictions..people are trooping in... I live just outskirts of Gothenburg..

Understood....

Maybe I should be more specific? grin.

Malls are becoming Obsolete in the U.S precisely.

Amazon was and still is the number one killer..

Malls are just on the brink of death by a thousand cuts. Do you know how many malls are sitting empty in the U.S? Lots of them,

Most business renting the large spaces are "reinventing " themselves and investing more in the online space.. less overhead and more efficient (sort of).

Some big tenants are gradually going out of business, SEARS etc.. Jcpenney, Macy's, Kohls etc.. refusing to renew their leases in some locations and rather diverting to online sales. Moreover, foot traffic have reduced as well in the malls.

Funny enough most of all the big mall tenants are in one financial trouble or another... late last year, there was a rumored take over of Jcpenney by Amazon ( I pray that's not true ).

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 4:01am On May 22, 2021
rmx:


I agree with you , That’s why I always laugh when i read a lot of analysis based on our so called 200m population , when 80/90 million are living below the poverty line already and struggling , so called middle class are being decimated with inflation , devaluation , lack of good jobs and opportunities, shrinking purchasing power , poor economy etc



I worked in several malls in Nigeria for years and I know how the management struggle to meet their financial obligations, even the ones managed by Portfolio Asset Managers.

Most of the beautifully dressed visitors (even celebrities) are only using the malls as destination spots to hangout rather than to shop.

So the “over 200m population” crap data/analysis is totally wrong with limiting consequences in a country where inflation is at all-time high.
This data might work for churches who are ready to collect the small monies the big shops are looking down upon but definitely not for major mall tenants who pay heavily in foreign currencies.

I knew the Ibadan mall and other malls coming up in many south west states are going to face lots of trouble maintaining their facility right from the start because they were built on optimism rather than reality.

________
About the same time Ibadan was being proposed, we were asked to look for spaces in other cities in Ogun state. I laugh out loud and shared my experience in a struggling shopping center in Abeokuta about 13 years ago with the team.
The owner of a compact shopping center in the Abeokuta city center had to open his doors/lower his pricing drastically to the poorest of the poor in order to increase foot traffic to the property.

I agree completely with a compact mall idea - The Ebeano, Blenco... way. If possible, add a space for a church grin grin Jesus never fail!

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Badgers14: 4:34am On May 22, 2021
rmx:


My take ...

Outside say 3 to 4 tier one cities in Nigeria , maybe another 6 or 7 state capitals , doing malls of 15 to 20k sqm lettable space or more will land you in a lot of trouble financially , maintenance wise etc , the market is not sustainable /the commercial retail tenants to fill the spaces are not there , our economy and consumer spending is not that robust . Add the rumored exit of struggling shoprite , the anchor tenant for most , you can understand the chaos that might come

I strongly believe there is market for compact malls , a few thousand sqm lettable space in fantastic location within the city at reasonable leasable price point

For the mall/ group u mentioned ,know some people there and they agree 100% with my summation , would also say it’s the only one that qualifies to be called a mall in the true sense in ibadan in my own opinion

If I may,

Offering my concurrence here, in my non expert opinion, malls are not a good business to be in mathematically and economically speaking. It is just a money guzzling waste of fund, not profitable... when I say malls, I mean the way mall is ran and operated in "precisely " U.S.

At a point one has to stop and ask, what makes a mall, a mall? What attributes should a building have to be designated or qualified to be a mall?

The malls as we know it in the western world will struggle to exist in Nigeria..let's say for the sake of argument that it cost between 1.8bn to 2.5bn to build a standard mall with all the trimmings.. what about ROI? The occupancy rate?

How many businesses have the financial muscle to rent a space in the mall on a 5 year lease? And renew when it's up.
If the amenities are fine, foot traffic will be high but most people will come there to snap pictures not to pay the premium to buy things at the mall.

Why should they pay 15k for that shoe when they can bargain in an open market and pay 8k for it from their 30k minimum wage salaries ?

Folks for sure will come to hang out, use open Wi-Fi, bring out their families to window shop and go back home after spending 3 hours or so and just buying ice cream for the kids or their babe.. maybe buy a plate of rice and chicken to fill up the hungry stomachs and then go home..

Who's going to buy the goods and swing by for the services offered in the mall?

Case study shoprite, although not a mall oer se but could be seen as equivalent of say, Walmart, target, lindl etc... folks were excited when they arrived, people were hitting there head on the wall just to get in and see what it was all about and take pictures... now, the pictures are littered every where on the internet grin... not that many people are ready to go there like they used to. It is now mostly a hang out spot.

Your suggested solution is not bad either, 'compact malls'.. again, how long is a piece of string? What qualifies as a mall?

I think in a way (sorta) we do have that every where in the form of plazas but a compact mall? The owner will be bleeding money on a monthly basis.

Even the plazas, do you know any plaza around you? Do you remember when it was built , how it looked? Do you remember how it looks now? The attachment shops are even higher than the number of shops in the original building.

I heard of a plaza somewhere in the East, the owner had this idea of compact mall in mind, structure was erected... not too long, the food court, the space in the middle where converted to shops by some had heads in the market ( a slow process tho. One attachment. The second the third etc..).. when the individual saw what's going on people were making more money on the attachment than he was, he fought a losing battle and gave up, what a heļl , "I am making more money now anyways" so he gave up the fight.

Today, I can submit that there are more attachment shops than there are lock up shops.

2 Likes

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by DFAMEGUY11S(m): 4:38am On May 22, 2021
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 4:40am On May 22, 2021
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 5:13am On May 22, 2021
XL6

Securing the perimeters the right way

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Dennis3D(m): 5:42am On May 22, 2021
Badgers14:


If I may,

Offering my concurrence here, in my non expert opinion, malls are not a good business to be in mathematically and economically speaking. It is just a money guzzling waste of fund, not profitable... when I say malls, I mean the way mall is ran and operated in "precisely " U.S.

At a point one has to stop and ask, what makes a mall, a mall? What attributes should a building have to be designated or qualified to be a mall?

The malls as we know it in the western world will struggle to exist in Nigeria..let's say for the sake of argument that it cost between 1.8bn to 2.5bn to build a standard mall with all the trimmings.. what about ROI? The occupancy rate?

How many businesses have the financial muscle to rent a space in the mall on a 5 year lease? And renew when it's up.
If the amenities are fine, foot traffic will be high but most people will come there to snap pictures not to pay the premium to buy things at the mall.

Why should they pay 15k for that shoe when they can bargain in an open market and pay 8k for it from their 30k minimum wage salaries ?

Folks for sure will come to hang out, use open Wi-Fi, bring out their families to window shop and go back home after spending 3 hours or so and just buying ice cream for the kids or their babe.. maybe buy a plate of rice and chicken to fill up the hungry stomachs and then go home..

Who's going to buy the goods and swing by for the services offered in the mall?

Case study shoprite, although not a mall oer se but could be seen as equivalent of say, Walmart, target, lindl etc... folks were excited when they arrived, people were hitting there head on the wall just to get in and see what it was all about and take pictures... now, the pictures are littered every where on the internet grin... not that many people are ready to go there like they used to. It is now mostly a hang out spot.

Your suggested solution is not bad either, 'compact malls'.. again, how long is a piece of string? What qualifies as a mall?

I think in a way (sorta) we do have that every where in the form of plazas but a compact mall? The owner will be bleeding money on a monthly basis.

Even the plazas, do you know any plaza around you? Do you remember when it was built , how it looked? Do you remember how it looks now? The attachment shops are even higher than the number of shops in the original building.

I heard of a plaza somewhere in the East, the owner had this idea of compact mall in mind, structure was erected... not too long, the food court, the space in the middle where converted to shops by some had heads in the market ( a slow process tho. One attachment. The second the third etc..).. when the individual saw what's going on people were making more money on the attachment than he was, he fought a losing battle and gave up, what a heļl , "I am making more money now anyways" so he gave up the fight.

Today, I can submit that there are more attachment shops than there are lock up shops.

You are 101% correct in your submission. In fact you reason on the same exact way I see things before venturing it. Not many would understand your thinking style because not many may see beyond where you are staying these facts from.

Not just malls alone, same principle applies to so many areas of life. Reason why we say what may work in B country or location may not exactly work in A country or location.

Had a chat with a friend yesterday about the overly high cost of land in some part of east, he said, don't I see how much people are buying land in Lagos. I responded to him "Don't you see the economic value and viability of Lagos" as compared to the location we are reviewing. Lagos is termed a commercial hub, the state in particular is termed a civil servant state with little or no industries and no were near IGR of Lagos. So why put such amount on land just because you feel people pay more for land in Lagos.

We just have no control in Nigeria over so many things. Just so many things. People just wake up and hike up price of things just because they feel someone would pay for it.

Well, its a system that hopefully someday may purify itself and set a standard of operation. Government agencies are even worst, those whose responsibility is to control these things.

3 Likes

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Dennis3D(m): 5:44am On May 22, 2021
n3xt:



I worked in several malls in Nigeria for years and I know how the management struggle to meet their financial obligations, even the ones managed by Portfolio Asset Managers.

Most of the beautifully dressed visitors (even celebrities) are only using the malls as destination spots to hangout rather than to shop.

So the “over 200m population” crap data/analysis is totally wrong with limiting consequences in a country where inflation is at all-time high.
This data might work for churches who are ready to collect the small monies the big shops are looking down upon but definitely not for major mall tenants who pay heavily in foreign currencies.

I knew the Ibadan mall and other malls coming up in many south west states are going to face lots of trouble maintaining their facility right from the start because they were built on optimism rather than reality.

________
About the same time Ibadan was being proposed, we were asked to look for spaces in other cities in Ogun state. I laugh out loud and shared my experience in a struggling shopping center in Abeokuta about 13 years ago with the team.
The owner of a compact shopping center in the Abeokuta city center had to open his doors/lower his pricing drastically to the poorest of the poor in order to increase foot traffic to the property.

I agree completely with a compact mall idea - The Ebeano, Blenco... way. If possible, add a space for a church grin grin Jesus never fail!

Thumb grin

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Dennis3D(m): 5:55am On May 22, 2021
Badgers14:


Understood....

Maybe I should be more specific? grin.

Malls are becoming Obsolete in the U.S precisely.

Amazon was and still is the number one killer..

Malls are just on the brink of death by a thousand cuts. Do you know how many malls are sitting empty in the U.S? Lots of them,

Most business renting the large spaces are "reinventing " themselves and investing more in the online space.. less overhead and more efficient (sort of).

Some big tenants are gradually going out of business, SEARS etc.. Jcpenney, Macy's, Kohls etc.. refusing to renew their leases in some locations and rather diverting to online sales. Moreover, foot traffic have reduced as well in the malls.

Funny enough most of all the big mall tenants are in one financial trouble or another... late last year, there was a rumored take over of Jcpenney by Amazon ( I pray that's not true ).

Malls here may face the same thing in the nearest future. Jumia, Konga and their likes are taking over.

Only small scale shops and neighborhood or main open markets will survive because it's highly informal and the level of education and technological advancement in the population has a role to play in their purchasing style or spending style.

Soon its gonna be clearly formal and informal pattern of shopping... Online malls will have to shift away physical malls, though it still have alot of work to do because Nigerians haven't built that much online trust to shopping things online. I know people do at the moment, but say 15 - 25% of the entire population of those who ought to be doing it are the ones doing it.

I too do shop online but sometimes am a bit skeptical, I have to literally do background checks on the dealer somehow.

Informal shopping method will remain in Nigeria for a very long time. You know why, people who have zero trust to buying things online would have that as their safe zone. In this informal shopping method, they will share the in the percentage of shoppers from the formal shopping in physical malls whose prices are way up, which is understandable because they have bills to pay and cover for their liabilities and operational costs of running the malls...

Formal mall may sell a good worth - 100K
Informal shopping area will sell same good - 80 - 85K...

An average Nigerian who is not used to mall shopping would go to the informal shopping area to purchase that same exact good.

Just like people buy names and collections abroad for huge costs, Nigerians buys what gives them same or equivalent value. For example, a Gucci watch may be sold $500 approximately #210,000 in maybe a mall. A typical Nigerian would go and buy #Aba Gucci watch or another watch say #5,000 or #10,000 at most and tell you that, they tell the same time.

This topic is more than an elaborate one though. Depending on where you are viewing it from.
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by spyder880(m): 6:40am On May 22, 2021
Dennis3D:


You are 101% correct in your submission. In fact you reason on the same exact way I see things before venturing it. Not many would understand your thinking style because not many may see beyond where you are staying these facts from.

Not just malls alone, same principle applies to so many areas of life. Reason why we say what may work in B country or location may not exactly work in A country or location.

Had a chat with a friend yesterday about the overly high cost of land in some part of east, he said, don't I see how much people are buying land in Lagos. I responded to him "Don't you see the economic value and viability of Lagos" as compared to the location we are reviewing. Lagos is termed a commercial hub, the state in particular is termed a civil servant state with little or no industries and no were near IGR of Lagos. So why put such amount on land just because you feel people pay more for land in Lagos.

We just have no control in Nigeria over so many things. Just so many things. People just wake up and hike up price of things just because they feel someone would pay for it.


Well, its a system that hopefully someday may purify itself and set a standard of operation. Government agencies are even worst, those whose responsibility is to control these things.

You must be talking about Enugu land costs? grin

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by dongc(m): 6:59am On May 22, 2021
Badgers14:


Understood....

Maybe I should be more specific? grin.

Malls are becoming Obsolete in the U.S precisely.

Amazon was and still is the number one killer..

Malls are just on the brink of death by a thousand cuts. Do you know how many malls are sitting empty in the U.S? Lots of them,

Most business renting the large spaces are "reinventing " themselves and investing more in the online space.. less overhead and more efficient (sort of).

Some big tenants are gradually going out of business, SEARS etc.. Jcpenney, Macy's, Kohls etc.. refusing to renew their leases in some locations and rather diverting to online sales. Moreover, foot traffic have reduced as well in the malls.

Funny enough most of all the big mall tenants are in one financial trouble or another... late last year, there was a rumored take over of Jcpenney by Amazon ( I pray that's not true ).

I get that Amazon and online businesses are the new ball game....infact covid19 brought about redefinition of how businesses are carried out. But businesses are evolving and joining trends...some are quick and some will not survive....but it would take a while
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Badgers14: 7:40am On May 22, 2021
dongc:


I get that Amazon and online businesses are the new ball game....infact covid19 brought about redefinition of how businesses are carried out. But businesses are evolving and joining trends...some are quick and some will not survive....but it would take a while

Well, covid 19 not only changed how businesses are carried out, it changed consumer behavior as well....

Lots of people are weary of crowded place these days which is the bread and butter of malls, (foot traffic..)

But as sad as it might sound, Amazon have an upper hand in the whole thing because they were in it already, buulding on their infrastructures opening up facilities left and right...

Lots of businesses will survive no doubt... in Nigeria, online business will be a bust because we don't have the infrastructure set up right in logistics... matter of fact, our heads are not wired like that.

You know how Amazon started? They perched on USPS to provide the logistics while they took their time and slowly built theres..

In Nigeria, that's a tough sell.. have you been at your local post office lately?? Those nipost workers shenanigans ehn... I tire oo
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 7:44am On May 22, 2021
Dennis3D:


Well, its a system that hopefully someday may purify itself and set a standard of operation. Government agencies are even worst, those whose responsibility is to control these things.

Everything rises and fall on leadership.

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 7:46am On May 22, 2021
Badgers14:


Well, covid 19 not only changed how businesses are carried out, it changed consumer behavior as well....

Lots of people are weary of crowded place these days which is the bread and butter of malls, (foot traffic..)

But as sad as it might sound, Amazon have an upper hand in the whole thing because they were in it already, buulding on their infrastructures opening up facilities left and right...

Lots of businesses will survive no doubt... in Nigeria, online business will be a bust because we don't have the infrastructure set up right in logistics... matter of fact, our heads are not wired like that.

You know how Amazon started? They perched on USPS to provide the logistics while they took their time and slowly built theres..

In Nigeria, that's a tough sell.. have you been at your local post office lately?? Those nipost workers shenanigans ehn... I tire oo


Valid.
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Dennis3D(m): 8:25am On May 22, 2021
spyder880:


You must be talking about Enugu land costs? grin

LOL. Brother. No be only Enugu o. Owerri own tire me. I kinda ask the guy, those of you calling these humongous amount of monies for land. Can you actually afford to pay for it yourselves.

Guess what he told me. No, he knows they can't that's why the call the amount for people that can buy it.

Now I ask myself. Why place a value on something you know you cannot afford yourself. Are you being fair to all concerned.

Its sickening these days, propel just wake up and put price on something without due consideration.

Tell me the fate of a common man who earns even 50,000 as minimum wage. You can't buy a dime or make a fortune in the current society today if you don't have other means of income.

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Dennis3D(m): 8:26am On May 22, 2021
n3xt:


Everything rises and fall on leadership.

I agree with you but then, na still Nigerians dey the leadership not aliens. sad

3 Likes

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by KolaShangOne(m): 8:49am On May 22, 2021
spyder880:
Prices of iron rods in Asaba this morning

16mm N6,800 each length
12mm N3,900 each length
8mm N1,900 each length
Roll of binding wire 20kg N12,000

Nigeria is getting better grin

I bought at 345,000 per ton yesterday.

16mm for 6,500 per length
12mm for 3,500 per length
Binding wire - 15,000

2 Likes

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by KolaShangOne(m): 8:51am On May 22, 2021
Blessedsunny2:
New arrival Spanish tiles
Wall Matt tiles
33by120
WhatsApp:09077504287,07062955047
#6500 per miter

Need this. But only about 10sqm. But Logistics will be the issue.

2 Likes 1 Share

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by KolaShangOne(m): 8:55am On May 22, 2021
Horlardorjah:


It's a lovely and expensive gate!
But if I'm doing slats, it's gonna be slat all through and that sheet will definitely have some lovely design cut into it.

True. But as someone who doesn't like what everyone else is doing, I'm gonna design my gate myself, except in cases where I don't have the luxury of time.

People also do stainless gate these days.
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by KolaShangOne(m): 9:11am On May 22, 2021
Dennis3D:


Malls here may face the same thing in the nearest future. Jumia, Konga and their likes are taking over.

Only small scale shops and neighborhood or main open markets will survive because it's highly informal and the level of education and technological advancement in the population has a role to play in their purchasing style or spending style.

Soon its gonna be clearly formal and informal pattern of shopping... Online malls will have to shift away physical malls, though it still have alot of work to do because Nigerians haven't built that much online trust to shopping things online. I know people do at the moment, but say 15 - 25% of the entire population of those who ought to be doing it are the ones doing it.

I too do shop online but sometimes am a bit skeptical, I have to literally do background checks on the dealer somehow.

Informal shopping method will remain in Nigeria for a very long time. You know why, people who have zero trust to buying things online would have that as their safe zone. In this informal shopping method, they will share the in the percentage of shoppers from the formal shopping in physical malls whose prices are way up, which is understandable because they have bills to pay and cover for their liabilities and operational costs of running the malls...

Formal mall may sell a good worth - 100K
Informal shopping area will sell same good - 80 - 85K...

An average Nigerian who is not used to mall shopping would go to the informal shopping area to purchase that same exact good.

Just like people buy names and collections abroad for huge costs, Nigerians buys what gives them same or equivalent value. For example, a Gucci watch may be sold $500 approximately #210,000 in maybe a mall. A typical Nigerian would go and buy #Aba Gucci watch or another watch say #5,000 or #10,000 at most and tell you that, they tell the same time.

This topic is more than an elaborate one though. Depending on where you are viewing it from.

Jumia is bankrupt. They have huge financial problems. Even Konga is just managing.

They are not taking over anything bros. Last purchase i made on jumia was 2 years ago. I buy more on Aliexpress.

Do you know why?
TRUST

Someone bought brand new clippers on Jumia and saw hair on its blades.

Jumia doesn't even own the supply part of its supply chain. They rely on other vendors. If you've done Engineering management you will understand.

Except Jumia has money to stock their products by themselves....

Malls are still going to be effective in Nigeria. The only problem is that alot of Nigerians are below the poverty line.

5 Likes

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by samoranononi(m): 9:21am On May 22, 2021
Good morning everyone. Please I need fair budget for 3 bedroom. The land is a plot 50/100 I want to manage space it’s a close and I won’t be able to turn vehicle outside and lastly I want to save the remaining land for future because I’d like to build something on it in future. I need the breakdown of it from cutting of grass to the last thing. Thanks
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by KolaShangOne(m): 9:28am On May 22, 2021
samoranononi:
Good morning everyone. Please I need fair budget for 3 bedroom. The land is a plot 50/100 I want to manage space it’s a close and I won’t be able to turn vehicle outside and lastly I want to save the remaining land for future because I’d like to build something on it in future. I need the breakdown of it from cutting of grass to the last thing. Thanks

I can send you a blow by blow expense from a bungalow done last year in Ibadan but prices have changed. Quantities might still be the same depending on your building plan.

1 Like 1 Share

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Blessedsunny2(m): 9:37am On May 22, 2021
KolaShangOne:


Need this. But only about 10sqm. But Logistics will be the issue.
okay sir but we do waybill to all part of Nigeria and it good to buy from the dealer of Spanish tiles here�
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Blessedsunny2(m): 9:39am On May 22, 2021
KolaShangOne:


Need this. But only about 10sqm. But Logistics will be the issue.
Good morning everyone, sir but we do waybill to all State in Nigeria and it is good to buy from the dealer of Spanish tiles here�
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by samoranononi(m): 9:50am On May 22, 2021
KolaShangOne:


I can send you a blow by blow expense from a bungalow done last year in Ibadan but prices have changed. Quantities might still be the same depending on your building plan.

Ok. Thanks

I truly appreciate.
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nas23Nas: 10:28am On May 22, 2021
He

(1) (2) (3) ... (2211) (2212) (2213) (2214) (2215) (2216) (2217) ... (3724) (Reply)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 113
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.