9 July 2014

Kenya: Urbanis Hikes Kisaju Home Prices

Urbanis Africa, a housing developer, has raised its offer price by 25 per cent for units planned in its third phase of Kisaju View Park Estate in Isinya, Kajiado county.

The 120 three-bedroom units, for which it has commenced construction, are on sale at Sh3.5 million each, Sh700,000 more than similar ones built in the same development.

The houses will be built over the next 18 months at an estimated cost of Sh300 million. Forty units will be ready within six months, according to the company's chief executive Cathy Achola.

"Low-cost houses are bought mostly by people working in the informal sector although they do not have pay-slips as evidence of their source of earnings," Achola said.

Kisaju View will have a total of 1,000 units when the third phase is completed, which will be about half of the builder's target of 2,040 units.


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