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VideosDecember 13, 2023
Exploring Ghana’s Real Estate Sector: A Close Look at SBJ Properties with Founder Spike Boaitey Jnr
- Written by Sandra Francisco
- Published: December 13, 2023
Spike Boaitey Jnr, Founder and CEO at SBJ Properties, provides insights into the company’s journey within the real estate sector. Founded in 2008, SBJ Properties boasts a presence in Accra with operations extending across the entirety of Ghana.
"SBJ Properties had its inception in 2008. After completing university and working in the banking sector, I drew inspiration from books by real estate experts like Robert Kiyosaki, Thomas Donohue, and Donald Peebles. This led me to establish a real estate marketing company, eventually leaving my banking job due to the high demand in the real estate market. Prior to this, in 2002, I had engaged in real estate construction works with my father, gaining valuable experience. As I ran the real estate marketing company, I identified a significant gap in the market – there were no Airbnbs or short-term lets at that time. Expats coming to Ghana for short durations had limited options, either staying in a hotel for the entire period or renting an empty space for a year and buying furniture they would not need afterward. To address this gap, I started renting and furnishing empty spaces in expat areas for daily, weekly, and monthly stays, marking the launch of SBJ Properties' real estate investment arm. I decided to venture into real estate development, which was my ultimate goal. Currently, we have developed properties in various areas such as East Legon, Trasacco, Chardo, East Legon Hills and Oyarifa. Our projects include single-family homes, residential apartments, commercial real estate, civil works like drains for roads, and custom builds for individuals and institutions", says Spike Boaitey Jnr.
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