10 September 2012

Kenya: Company Rolls Out New U.S. $35.65 Million Housing Project

Jamii Bora Makao has kicked off the second phase of its Sh5 billion low-cost housing project in Isinya area of Kajiado, which targets to build an additional 1,250 houses.

The ground-breaking for the Sh3 billion real estate development in Kisaju was done on Saturday, setting in motion construction work that is expected to be completed in the next two years.

Wagane Diouf, the managing director of Urbanis Africa, which manages Jamii Bora Makao projects, said Sh2 billion had been spent on the first project to build 950 housing units targeted at low-income earners with units going for as low as Sh1.5 million for a two-bed room house. The second phase comprises three and four bedroom houses, which are being sold for Sh2.5 million and Sh5.4 million respectively. "The first phase is over and we are now finalising the project in terms of electricity and other social amenities," said Diouf during the groundbreaking ceremony of Phase II at Kaputiei Village in Kajiado County.

The first batch of houses is 90 per cent sold, he said. The project, named Kisaju View Park, is a low-end income housing estate located in Kisaju, some 55Km from Nairobi and 20km from the upcoming Konza City. Upon completion of Phase II, the total number of housing units will be 2200. Jamii Bora has financed electrification of the area, and Mr Diouf appealed to the government to help in constructing roads. The estate will also have primary and secondary schools, religious institutions, commercial centres and medical amenities.

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