The Social Security and National Insurance Trust (SSNIT) on Thursday said its premium residential properties currently on the market are competitively and fairly priced to make them accessible to prospective buyers, especially workers contributing to the pension scheme.
Mr Lord Koramoa, the Public Affairs Manager of SSNIT, said the Trust had deliberately targeted workers and contributors in marketing the housing projects as part of efforts to ensure that contributors benefited directly from the Trust’s investments.
He was speaking to journalists after a media tour of some of SSNIT’s premium residential properties in Accra.
The tour provided members of the media the opportunity to inspect the residential developments, explore available luxury apartments and townhouses and gain first-hand insight into the Trust’s housing investments.
Mr Koramoa explained that the properties formed part of SSNIT’s broader investment portfolio through which contributions collected from workers were invested to generate returns for pension sustainability.
“So at SSNIT, we collect contributions from workers, and when we collect these contributions, we invest them in various classes of investment,” he said.
Mr Koramoa said the Trust had engaged the Ghana Employers Association and labour unions to help publicise the housing projects to workers across the country.
“We put it out in the market, also knowing very well that workers would have to buy these facilities,” he noted.
He said the Trust was optimistic of obtaining significant returns from the investments while also making quality housing available to contributors.
Addressing concerns about affordability, Mr Koramoa said the Board of SSNIT had taken into consideration the target market before pricing the properties.
“I can assure you that these apartments are fairly priced and very competitively priced. We know very well what the target market is, so the Board took into consideration the target market,” he added.
He indicated that interested buyers could visit the SSNIT sales office located on the sixth floor of the Ridge Towers in Accra for details on acquisition procedures.
Mr Koramoa reiterated SSNIT’s commitment to prudent investments that would secure strong returns for contributors while responding to Ghana’s growing housing needs.
Among the properties showcased was the Meridian Gardens in Klagon, Community 19 in Tema, a middle-class gated housing estate made up of two and three-bedroom apartments.
The estate has 152 available apartments and comes with facilities such as fitted kitchens, backup water systems, generators and paved roads.
The team also toured Eagles Place at Sakumono, a gated enclave of detached and semi-detached three-bedroom townhouses with maids’ rooms.
The estate includes a multi-purpose sports court, swimming pool, and communal recreational spaces, with 40 housing units available.
At the Royal Tivoli Apartments, SSNIT showcased a middle-class gated estate also located at Sakumono, consisting of four-storey apartment blocks fitted with modern kitchens and sanitary facilities, with 55 units available.
The final stop was at the Adinkra Heights estate located at Switchback in Cantonments, a luxury gated development comprising two, three and four-bedroom fitted apartments.
The estate features facilities including fitted kitchens, air conditioners, elevators, backup water supply systems and enhanced security infrastructure, with 27 apartments currently available for sale.
