In the recent past, Kenya has witnessed a growth spurt of housing estate developments, from Edenville, Edenville Two, Tatu City, Migaa, Sahara Ridge, One Red Hill, Kihingo Village, Fourways Junction, Vipingo Ridge, Konza, the “city of dreams,” to the hundreds of apartments mushrooming over the nation’s landscape. Kenyans are developing new homes in overdrive. Thing is, most of these new housing developments are targeting the upper middle class and the very-wealthy. And that is fine since they are the ones developing the housing estates anyway; Tatu City for instance is set to cost Kshs. 240 billion. Many Kenyans can only sit back and watch in awe as the property market soars.
There seems to be hope. Jamii Bora Makao Limited has launched a new housing estate, Kisaju (View Park Estate) with Urbanis Africa as the developer, that seems to be a little more affordable for you and I. At least in comparison to a Lulu-type house in Kihingo where one unit costs just about Kshs. 76 million. Only.
Kisaju is located in Kitengela and the completed project envisions 750 low cost homes. The prices range from Kshs. 1.5 million for a “standard house” of 90m2 to Kshs. 5.5 million for a “deluxe house” of 144m2 with financing available through Jamii Bora Bank and Housing Finance.