During the week, China State Construction handed over the 228 2-bedroom units of the first phase of Park Road affordable housing project in Ngara to the Kenyan National Government. The 1,370-unit project sits on a 7.9-acre parcel of land in Ngara, Nairobi, with Phase 2 expected to be completed by June 2020. Once complete, the project will comprise of 30 square-metre 1-bed, 40 square-metre 2-bed and 60 square-metre 3-bed social housing units selling at Kshs 1.5 million, Kshs 2.0 miilion and Kshs 3.6 million, respectively, which translates to Kshs 53,056 per square-metre, in addition to 60 square-metre 2-bed and 80 square-metre 3-bed affordable housing units selling at Kshs 3.0 million and 4.0 million, respectively, which translates to Kshs 50,000 per square metre.
According to the dailies, approximately 300 homeowners have so far paid the mandatory 12.5% deposit and are awaiting allocation which will be done through the running of a lottery (timelines not disclosed). In December 2019, the government published guidelines that would be used in allocating residential units at the Park Road affordable housing project in Ngara.
Denis Gitau - 2 months ago
Staff Writer - 5 months ago
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