![]() Other real estate projects in the town include Gateway Garden, Safaricom Staff Pension Scheme’s Sh4.4 billion Crystal Rivers Mall and Gated Community that sits on 25 acres and the Athi River Green Park Estate by developer Superior Homes.Įrdemann Properties, a Chinese firm, has the Greatwall Gardens project that is now in its third phase. In March last year, housing financier Shelter Afrique and Karibu Homes launched a Sh355 million residential development in Athi River comprising of 288 units. “We see Kenya as a big market based on the growing middle class and also a high number of expatriates,” said Habitat Heights Chairman Maheshwaran Kumar. The project, known as Habitat Heights, will host residential units ranging from studios to one, two and three bedroom units. ![]() There are 3 to 5-star hotels offering accommodation. The price of a unit ranges between Kshs 8.5 mn to Kshs 10.0 mn, with the average price at Kshs 9.3 million. This mall is like a city where you dont have to go anywhere else to get anything. As per research, 3-bedroom units in Ruaka have sold for an average of Kshs 80,000 per square metre, while achieving sales of 65 during construction. The Mall encompasses mixed developments both residential and commercial centers, an amusement park, Games Arcade, Movie theatre, Supermarkets, among others. Located in the residential area of Langata, accessibility is easy. Nestled along Limuru Road Ruaka, Kiambu County. Quiet, safe, beautiful & cosy, you will feel right at home. Shared entrance yet offers seclusion and there's a garden for your enjoyment. One of the latest is a joint venture between a Singaporean real estate firm, Singapura Developers, and Habitat Housing Cooperative Society that is building 8,888-units on a mixed-use development. The Cosy Little Haven is a 1-bedroom guest space with a kitchenette & a full bathroom. The town has in the past three years attracted a lot of developers, despite the gloom in the property sector. “Runda Mumwe and Athi River were the best performing nodes overall with average total returns to investors of 7.6 per cent and 7.1 per cent, respectively, evidenced by the relatively high uptake of 22.7 per cent and 20.7 per cent in comparison to the market average of 19.3 per cent,” the report said. Increased budget allocation towards affordable housing under the Big Four agenda - raised to Sh10.5 billion from Sh6.5 billion the previous financial year - is also expected to boost the residential sector in Mavoko.Ĭontinued provision of infrastructure in satellite towns has boosted their property prices as well as the growing demand for affordable units, leading to a relatively high price appreciation.Ĭytonn’s real estate annual markets review for last year indicated that Athi River was one of the best performing areas with high total returns for investors. “The land is also relatively affordable with a price per acre of on average Sh4.1 million compared to other satellite towns such as Juja, Ruiru and Ruaka,” said Cytonn in its Nairobi Metropolitan Area Land Report 2018.
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