The Star (Nairobi)

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.

Ads by Google

Copyright © 2014 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.