By: Goodluck E. Adubazi, Abuja.
Frank Nnorom, Investment Advisor at Palton Morgan Holdings, took the spotlight at the Africa International Housing Summit in Abuja on Thursday, offering a glimpse into the company’s ongoing projects and long-term goals in Nigeria’s real estate sector.
18 Years of Real Estate Excellence
In a chat with Standard Times Nigeria, Nnorom noted that Palton Morgan Holdings, a major player in property development and investment, has been operating for nearly two decades, with its foundation rooted in Lagos. The company has delivered more than 7,000 housing units across Nigeria, earning a reputation for excellence in the industry.
Since expanding operations to Abuja six years ago, the firm has launched several flagship developments, including Mitchville Estate in Lokogoma, Green Aduba Main, and the ongoing Rockhampton Estate in Katampe Extension. “Our focus is luxury—start to finish,” Nnorom stressed, underlining the premium nature of their developments.
Homeownership made easier with flexible payments
On affordability, Nnorom explained that the company provides flexible payment plans tailored to clients’ financial needs. Buyers can spread their payments over a period of 12 to 15 months, depending on the project, with bi-monthly installment options. At Rockhampton Estate, for example, payments are structured every two months to ease the financial burden.
Tackling Nigeria’s housing shortage
Nnorom emphasized that Palton Morgan Holdings is more than a developer—it’s a housing solutions provider. “Through our platform, we can meet over 70 percent of current housing demands,” he said, reaffirming the company’s commitment to addressing Nigeria’s growing housing gap.
He also highlighted the firm’s diverse offerings through its subsidiaries, such as Property Mart, which focuses on land acquisition and affordable housing initiatives. The company serves both the mass market with budget-friendly properties and the luxury segment with upscale developments. “Regardless of your income or taste, we’ve got something that fits,” Nnorom assured.
Call for Industry Standards and Regulation
While commending the summit’s impact, Nnorom advocated for improved regulation in the sector. He called for better oversight to ensure proper licensing and uphold quality standards. “We need more checks and balances in the industry to guarantee accountability and transparency,” he said.
Nnorom also praised the event organizers for uniting key players, investors, developers, agents, and policymakers, under one roof. “This is my first time attending a housing summit like this, and I’m truly impressed. Platforms like this will help grow the sector and improve service delivery,” he concluded.