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Real Estate

National Housing Corporation Ordered to Pay US Company Sh119 Million for Delaying Nairobi Housing Project
Real Estate

National Housing Corporation Ordered to Pay US Company Sh119 Million for Delaying Nairobi Housing Project

National Housing Corporation (NHC) has been ordered to pay a compensation of Sh119 million to a United States company for delays in putting up 230 housing units in Nairobi. The US Company, Lemna International sued NHC…

Sep 18, 2019
Username Investments CEO Bags the Coveted 2019 Realtor Founder of the Year Award
Real Estate

Username Investments CEO Bags the Coveted 2019 Realtor Founder of the Year Award

Reuben Kimani, CEO, Username Investment Ltd. was awarded The coveted 2019 Realtor Founder of the Year Award during the recently held Founder of the Year Awards Gala Dinner at The Nairobi Cinema. The event brought toge…

Sep 16, 2019
Zaria Village: Safaricom Announces Launch of its New Real Estate Project
Real Estate

Zaria Village: Safaricom Announces Launch of its New Real Estate Project

Safaricom Investment Cooperative (SIC) has announced the launch of a new real estate project dubbed Zaria Village. Zaria Village, which will be built off Kiambu-Ruiru bypass, comprises 331 quarter-acre serviced plots…

Sep 4, 2019
Username Investment Ltd. Wins the Coveted 2019 Diaspora Market Land Selling Company Award
Real Estate

Username Investment Ltd. Wins the Coveted 2019 Diaspora Market Land Selling Company Award

Username Investment Ltd. won the coveted 2019 Diaspora Market Land Selling Company Award during the recently held Real Estate Excellence Awards Gala Dinner at Movenpick Hotel in Westlands, Nairobi. The award targeted…

Aug 19, 2019
Homeowners in Fear as Bank Moves to Auction Sunset Boulevard Estate in Athi River
Real Estate

Homeowners in Fear as Bank Moves to Auction Sunset Boulevard Estate in Athi River

More than 200 homeowners at the posh Sunset Boulevard estate in Athi River are at risk of losing their houses after a local bank announced a plan to auction the property over loan dispute with the developer. I&M Bank…

Jul 17, 2019
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Affordable Housing: Three Foreign Companies Commit to Put Up 300,000 Units in Kenya
Real Estate

Affordable Housing: Three Foreign Companies Commit to Put Up 300,000 Units in Kenya

President Kenyatta's affordable housing project has received a major boost after three foreign companies pledged to construct 300,000 units. Two Qatari companies committed to putting up 200,000 housing units while a C…

Jul 8, 2019
Tourism CS Najib Balala Opposes Building of Africa's Tallest Skyscraper in Malindi
Real Estate

Tourism CS Najib Balala Opposes Building of Africa's Tallest Skyscraper in Malindi

The construction of what is set to be Africa's tallest skyscraper has been opposed by Tourism Cabinet Secretary Najib Balala. Balala argued that setting up of a 61-storey building 100 meters from the Turtle Bay beach…

Jul 6, 2019
Urithi Housing Co-operative Speaks Out on Controversy Surrounding its Key Projects
Real Estate

Urithi Housing Co-operative Speaks Out on Controversy Surrounding its Key Projects

Urithi Housing Co-operative Society Limited has assured investors that their projects are safe from being auctioned over defaulted loans. In a public notice issued on Thursday, the society said that the 100-acre Panor…

Jun 14, 2019
Bank Puts Urithi Housing Co-Operative's 100-Acre Panorama Gardens Up for Auction
Real Estate

Bank Puts Urithi Housing Co-Operative's 100-Acre Panorama Gardens Up for Auction

A local bank has reportedly put up for sale 100 acres of land belonging to Urithi Housing Co-operative Society. The parcel of land named Panorama Gardens has been put up for auction after the society defaulted a loan…

Jun 10, 2019
UN Employees in Nairobi Reveal How Kenyan Landlords Extort Them
Real Estate

UN Employees in Nairobi Reveal How Kenyan Landlords Extort Them

Employees attached to the United Nations offices in Nairobi have accused Kenyan landlords of extorting them. The staff lamented that Nairobi landlords refuse to refund house rent deposits whenever they move out of the…

Jun 5, 2019
Affordable Housing: Kenyans to Get House Loans at Single Digit Interest Rates
Real Estate

Affordable Housing: Kenyans to Get House Loans at Single Digit Interest Rates

Kenyan low-income earners are set to begin getting cheap house loans following the launch of Kenya Mortgage Refinance Company (KMRC). The State-backed refinancing company was launched this week by President Kenyatta a…

May 24, 2019
President Uhuru Launches Mortgage Company for Low-Cost Houses
Real Estate

President Uhuru Launches Mortgage Company for Low-Cost Houses

President Kenyatta has officially launched the Kenya Mortgage Refinancing Company (KMRC), a government-backed entity whose mandate is to deliver low-cost houses to low-income earners in the country.  KMRC has been for…

May 22, 2019
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Gov't to Launch Mortgage Company to Deliver Low-Cost Houses to Kenyans
Real Estate

Gov't to Launch Mortgage Company to Deliver Low-Cost Houses to Kenyans

The government is on Wednesday set to launch a company whose mandate will be to deliver President Kenyatta's affordable housing project. Dubbed the Kenya Mortgage Refinancing Company (KMRC), the government-backed enti…

May 21, 2019
MPs Halt Planned Demolition of Nairobi's Seefar Apartments
Real Estate

MPs Halt Planned Demolition of Nairobi's Seefar Apartments

Members of Parliament have temporarily saved Nairobi's Seefar Apartments from being demolished. In what could be a sigh of relief for homeowners at Seefar Apartments, members of the Parliament's Environment Committee…

May 17, 2019
Affordable Housing: Residents of Nairobi's Old Pangani Estate to Receive Sh600,000 Each to Vacate Houses
Real Estate

Affordable Housing: Residents of Nairobi's Old Pangani Estate to Receive Sh600,000 Each to Vacate Houses

The Nairobi county government is set to pay residents of old Pangani Estate Sh28.8 million to vacate the area. City Hall says each of the about 50 families living in the estate will receive Sh600,000 to vacate the pro…

May 15, 2019
Boost for Kenya's Affordable Housing Plan as World Bank Approves Sh25 Billion Loan
Real Estate

Boost for Kenya's Affordable Housing Plan as World Bank Approves Sh25 Billion Loan

The World Bank has approved a loan of $250 million (Sh25 billion) to Kenya to help with the country's affordable housing. Through the Kenya Affordable Housing Finance Project (KAHFP), the loan will support the establi…

May 1, 2019
Gov't to Use Lottery System to Allocate President Uhuru's Low-Cost Houses
Real Estate

Gov't to Use Lottery System to Allocate President Uhuru's Low-Cost Houses

Housing and Urban Development Principal Secretary Charles Hinga says the government will allocate low-cost houses to Kenyans using a lottery system. Speaking during an interview with Citizen TV, PS Hinga has revealed…

Apr 24, 2019
#ResistHousingFundLevy: Kenyans on Twitter Launch Campaign Against Low-Cost Houses Tax
Real Estate

#ResistHousingFundLevy: Kenyans on Twitter Launch Campaign Against Low-Cost Houses Tax

Kenyans on social media have launched an online campaign to oppose the 1.5 percent housing levy on all employees. Using hashtag #ResistHousingFundLevy, online users have rejected the government's intention to implemen…

Apr 18, 2019
Court Stops Gov't from Effecting Affordable Housing Tax
Real Estate

Court Stops Gov't from Effecting Affordable Housing Tax

The Labor court on Wednesday suspended government's decision to implement the 1.5 percent Housing Fund levy starting next month. This comes after the Consumers Federation of Kenya (COFEK) filed a suit to challenge the…

Apr 17, 2019
Kenyan Employers Say No to Housing Levy for President Uhuru's Low-Cost Houses
Real Estate

Kenyan Employers Say No to Housing Levy for President Uhuru's Low-Cost Houses

The Federation of Kenya Employers (FKE) has dismissed a notice by the government announcing the implementation of 1.5 percent housing levy on all workers starting next month. In a statement, the body says the notice i…

Apr 17, 2019
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