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Real Estate

Housing Levy for President Uhuru's Low-Cost Houses Takes Effect Next Month, Gov't Announces
Real Estate

Housing Levy for President Uhuru's Low-Cost Houses Takes Effect Next Month, Gov't Announces

The government has announced it will deduct 1.5 percent housing levy from all employees beginning next month. In a notice published in local newspapers on Tuesday, the Ministry of Housing and Urban Development says th…

Apr 16, 2019
Over 100,000 Kenyans Register Online for President Uhuru's Low-Cost Houses
Real Estate

Over 100,000 Kenyans Register Online for President Uhuru's Low-Cost Houses

More than 100,000 Kenyans have so far registered online for President Kenyatta's low-cost houses program. Principal Secretary for Housing and Urban Development Charles Hinga says the number of Kenyans registering for…

Mar 26, 2019
Chinese Company to Build Sh200 Billion City in Kenya
Real Estate

Chinese Company to Build Sh200 Billion City in Kenya

A Chinese real estate company has revealed plans to set up a Sh200 billion city in Kenya. Dubbed “Friendship City”, the investment project will sit on 1,200 acres of land in Athi River. The Business Daily reports that…

Mar 22, 2019
Inside Sh7 Billion Low-Cost Houses in Nairobi's Ngara Estate
Real Estate

Inside Sh7 Billion Low-Cost Houses in Nairobi's Ngara Estate

Nairobi Governor Mike Sonko has launched the construction of Sh7 billion low-cost houses in Nairobi's Ngara Estate. The project, dubbed River Bank Apartments, is in line with President Kenyatta's affordable housing pl…

Mar 15, 2019
Relief for Homeowners as MPs Save Nairobi's Seefar Apartments from Demolition
Real Estate

Relief for Homeowners as MPs Save Nairobi's Seefar Apartments from Demolition

The National Assembly Environment and Natural Resources Committee has saved the multi-million shilling Seefar Apartments in Nairobi from demolition. The Committee has ordered the immediate withdrawal of a notice of de…

Mar 8, 2019
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Why Kenyan Rent Defaulters May Soon Be Blacklisted
Real Estate

Why Kenyan Rent Defaulters May Soon Be Blacklisted

Kenyan landlords are pushing for a plan that seeks to have rent defaulters listed with credit reference bureaus (CRBs). The Urban Landlords and Tenants Association of Kenya (ULTAK) is seeking the Central Bank of Kenya…

Feb 28, 2019
Diaspora Kenyans Purchase Homes in Sh4.5 Billion Kilimani Project
Real Estate

Diaspora Kenyans Purchase Homes in Sh4.5 Billion Kilimani Project

Kenyans in the diaspora and wealthy local executives have purchased 86 units off-plan in an upcoming residential development in one of Nairobi's upmarket estates. The units are under the Sh4.5 billion Purple Haze resi…

Feb 19, 2019
MP Moses Kuria Suggests President Kenyatta's Low-Cost Housing Project is a Pipe Dream
Real Estate

MP Moses Kuria Suggests President Kenyatta's Low-Cost Housing Project is a Pipe Dream

Gatundu South Member of Parliament Moses Kuria has appeared to poke holes at one of President Kenyatta's big four agenda. In a post on social media, Kuria has indirectly suggested that Kenyatta's affordable housing pr…

Feb 2, 2019
Housing Levy on Kenyan Employees to Take Effect from March 1st
Real Estate

Housing Levy on Kenyan Employees to Take Effect from March 1st

The government will from March 1st, 2019 begin deducting 1.5 percent housing levy from all Kenyan workers in the public and private sectors. Cabinet Secretary for Infrastructure James Macharia says this is after worke…

Jan 30, 2019
UN Agency Starts Plan to Deliver 100,000 Low-Cost Houses in Kenya
Real Estate

UN Agency Starts Plan to Deliver 100,000 Low-Cost Houses in Kenya

The United Nations Office for Project Services (UNOPOS) has set aside Sh1 billion to help Kenya construct 100,000 low-cost housing units. Unops Executive Director Grete Faremo says the Sh1 billion is the seed funding…

Jan 26, 2019
President Kenyatta Defends 1.5 Percent Low-Cost Housing Levy on Kenyan Workers
Real Estate

President Kenyatta Defends 1.5 Percent Low-Cost Housing Levy on Kenyan Workers

President Kenyatta has defended the proposed 1.5 percent levy deducted from the salaries of every Kenyan employee to go towards funding the affordable housing project. President Kenyatta says Kenyans should view the l…

Dec 30, 2018
How a Kenyan Boda-Boda Riders Group Managed to Set Up Multi-Million-Shilling Housing Units from Sh100 Weekly Savings
Real Estate

How a Kenyan Boda-Boda Riders Group Managed to Set Up Multi-Million-Shilling Housing Units from Sh100 Weekly Savings

A boda-boda operators' self-help group based in Nakuru has shared its success story on how it transformed into a multi-million-shilling housing cooperative from a weekly saving of just Sh100 per member. In 2015, a tea…

Dec 28, 2018
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Kenyan Workers Reject President Kenyatta's Cheap Houses Monthly Levy
Real Estate

Kenyan Workers Reject President Kenyatta's Cheap Houses Monthly Levy

Kenyan workers have protested the planned deduction of 1.5 percent of their salaries to fund President Kenyatta’s affordable housing plan beginning January 2019. The Central Organisation of Trade Unions (Cotu) and the…

Dec 14, 2018
President Kenyatta to Launch Sh1.3 Trillion Low-Cost Houses Project Next Week
Real Estate

President Kenyatta to Launch Sh1.3 Trillion Low-Cost Houses Project Next Week

The groundbreaking ceremony for construction of 500,000 affordable housing units will be held in a week's time, President Kenyatta has announced. Kenyatta says the launch comes after Members of Parliament approved the…

Dec 12, 2018
Court Approves Demolition of Grand Manor Hotel for Posing Security Threat to the US Nairobi Embassy
Real Estate

Court Approves Demolition of Grand Manor Hotel for Posing Security Threat to the US Nairobi Embassy

The multi-million-shilling Grand Manor Hotel located in Nairobi's Gigiri area is set to be demolished following court orders. In a ruling, the High Court says the hotel owned by Nairobi billionaire Praful Kumar poses…

Dec 12, 2018
Gov't Announces Prices of President Kenyatta's Low-Cost Houses
Real Estate

Gov't Announces Prices of President Kenyatta's Low-Cost Houses

President Kenyatta is set to preside over the groundbreaking ceremony for 500,000 low-cost houses on December 11th at Parklands, Nairobi. Housing Principal Secretary Charles Mwaura says the houses will be constructed…

Nov 30, 2018
Gov't to Demolish More Than 3,000 Illegal Buildings in Nairobi
Real Estate

Gov't to Demolish More Than 3,000 Illegal Buildings in Nairobi

The government has announced it will demolish more than 3,000 illegal buildings in Nairobi in the coming weeks. Public Works Principal Secretary Paul Maringa says the structures to be brought down are ones whose owner…

Nov 26, 2018
Demolition of Defective 7-Story Building in Nairobi Begins, Owner Arrested [VIDEO]
Real Estate

Demolition of Defective 7-Story Building in Nairobi Begins, Owner Arrested [VIDEO]

Officers from the Nairobi County government have on Friday arrested the owner of a Nairobi building that caused online uproar over claims that it is unsafe. Caroline Wanjiru, the owner of the seven-storey building und…

Nov 23, 2018
MPs Oppose Demolition of Nairobi's Seefar Apartments, Want Nairobi Dam Drained
Real Estate

MPs Oppose Demolition of Nairobi's Seefar Apartments, Want Nairobi Dam Drained

A section of Members of Parliament have opposed the planned demolition of Nairobi's  Seefar Apartments over claims that it stands on riparian land. Instead, the MPs want the water reservoir located near Seefar Apartme…

Nov 23, 2018
City Hall Orders Demolition of Faulty Seven-Story Building in Nairobi after Online Uproar
Real Estate

City Hall Orders Demolition of Faulty Seven-Story Building in Nairobi after Online Uproar

The county government of Nairobi has stopped further construction of a visibly defective building in the city and ordered its demolition. In a notice, City Hall has asked the owner to bring down the seven-story buildi…

Nov 22, 2018
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