, NAIROBI, Kenya, Aug 27 – Real estate developers are increasingly eyeing location on the fringes of Nairobi to develop housing to bridge the gap of attaining some 150,000 new housing units per year.
The developers have positioned themselves to offer stylish, hustle free, homely, pocket friendly, housing to the middle class which is among the fastest growing.
“Ours is not just anything in the market, it’s one of the most unique products we have in the city,” says Leonard Onyancha, Development Agent at Pam Goldings.
He’s talking of Olonyori Estate developed by Heritan Properties with 240 units, an ideally pocket friendly project for middle income earners.
With only Sh4 million that can be paid from as low as Sh31,369 in a month, Olonyori offers you affordable two-bedroom houses, with ample security and adequate parking space.
“Olonyori Estate is ideally situated in the savannah environs on Beijing Road off Mombasa Road, approximately 20 minutes from the Nairobi Central Business District and 15 minutes from the Jomo Kenyatta International Airport,” he stated.
He said that the estate will have a basketball court and barbeque area.
He said that it’s also good as an investment for rental incomes.
“We have emphasized on space, ventilation, natural lighting that makes the home look beautiful and also a green surrounding,” he revealed.
These brand new two-bedroom apartments are tastefully designed, with the master en-suite, built-in cupboards, granite kitchen tops, ceramic tile flooring and built-in ports for local and DSTV connectivity, as well as wireless connectivity.
“Host your guests and enjoy holding parties at the dedicated green area for residents. Landscaping and carbon paving gives the compound a perfect and beautiful finish,” he said.
He said the newly constructed highway and train station also makes it easier to commute in and out of Nairobi.
With the growing middle income earners and a growing economy, more middle income housing investment need to be realized.
Other companies set on middle income housing include Jamii Bora Bank, Rafiki Deposit Taking Microfinance (DTM) and National Housing Corporation (NHC).
Pam Golding Properties is recognized locally and internationally as Southern Africa’s leading independent real estate group, offering a full spectrum of property services.
Pam Golding Properties boasts a network of more than 300 offices in Africa as well as international offices in the United Kingdom (UK), Germany, Mauritius, Seychelles and France.
The Pam Golding group forms part of a strategic alliance with one of the world’s largest property groups, Savills PLC, gaining access to its prestigious network of over 500 offices worldwide.