PRIME Kiambu set for tallest building outside Nairobi The race to the skies in Nairobi has been driven partly by the scarcity and rising cost of land in the capital, pushing developers to build upwards to maximise the value of prime urban plots.
PRIME Homebuyers in gated communities get uneasy over stricter rules Restrictions vary from one development to another, but some have become common across gated communities and apartment developments.
PRIME Grit’s Sh20.9bn Kenya property empire under pressure Grit said it has faced costly loans in Kenya, ranging between 15 and 20 percent, constraining access to affordable finance, and delaying its development pipelines and lease commitments.
PRIME From Sh500,000 to Sh30m an acre, Ole Kasasi’s rise to a property hotspot For families seeking more space, developers chasing demand and students looking for cheap accommodation, Ole Kasasi has become an increasingly attractive destination.
PRIME NSSF seeks to build city on 1,000-acre Mavoko land NSSF has been trying to develop the Mavoko land for nearly 15 years, having initially proposed to construct 30,000 housing units on the property in 2012 under a joint venture with private...
PRIME How Membley rose from Kahawa Sukari spillover One of Membley’s distinctive features is the proliferation of small gated courts. Groups of buyers often engage a single developer, creating semi-private enclaves that balance individuality with...
PRIME KRA blocked from taxing property service charges KRA argued that the service charge contributions collected from unit owners constituted taxable business income.
PRIME Karen and Lang’ata lead Nairobi land price growth Nairobi suburbs recorded an average 4.2 percent price growth in the year to June, marking Karen and Langata among outliers.
PRIME Homes, land price boom in Nairobi outskirts ends Housing had been one of Kenya’s fastest-growing sectors in the decade to 2019, with returns from real estate outpacing equities and government securities.
PRIME Kyumbi property rise lures Nairobi’s commuter class Improved road infrastructure, Nairobi's eastward expansion and the launch of Konza Technopolis changed how investors viewed Kyumbi.
PRIME Why Diani and Watamu are luring land buyers Much of the Coast is still community land, where ownership has not been formally registered.
PRIME Where super-rich are investing after snubbing real estate Reits make it possible for institutions and retail investors to invest in commercial real estate and receive a consistent income stream, without being landlords in an investment that is easily...
PRIME Prices for standalone houses soar as Nairobi apartments lose value The rise in standalone house prices contrasted with the performance of high-end apartments in Nairobi, where values declined over the same period.
PRIME Apartment prices decline for fourth consecutive quarter amid oversupply Developers have continued delivering apartment projects into a market where demand has expanded at a slower pace than supply.
PRIME Centum, Mi Vida plan asset-backed securities to get long-term funding Real estate players have in the recent past been active in diversifying their capital-raising avenues.
PRIME Widow fails to evict ex-Kikuyu MP from disputed Kabete home A court ordered Betty Wanjiku Gakuru to transfer the Lower Kabete property to former Kikuyu MP Lewis Nguyai.
PRIME Acorn unveils scheme to fund student rents and businesses The programme is expected to support between 5,000 and 10,000 new enterprises annually, with eligible graduates accessing business loans ranging from Sh200,000 to Sh500,000.
PRIME Developers shift to commercial property as State dominates housing A surge in government-backed affordable housing projects is prompting private developers to focus on offices, warehouses and retail space.
PRIME Why the flat-roof craze is failing homeowners Modern flat and hidden roofs have become a favourite among homeowners. But architects and engineers say they are turning many dream homes into leak-prone headaches.
PRIME Young Kenyans shun land, buy apartments For decades, the older generation of Kenyans has mainly focused on one investment: land.
PRIME Why Kileleshwa traded its leafy suburbs for high-rise apartments Today, balconies overlook concrete towers stretching from wall to wall. Petrol stations, supermarkets, and cafés now dominate the roads that were once lined with family homes.
PRIME Unaitas to build Sh521m Runda property for head office, mall Unaitas plans a Sh521m twin-tower complex in Runda to host its HQ and retail space as it pivots to asset-backed growth.
PRIME Price of stand-alone two-bedroom house in leafy suburbs falls New data from the Kenya National Bureau of Statistics shows the smaller units in the high-end estates dropped to Sh8 million from Sh22 million in 2022 amid reduced demand.
PRIME Taste of paradise at Sh146m an acre in Nyali Investors at the Coast were primarily lured by beauty, which saw them pay premium prices even in areas that had poor infrastructure.
PRIME Nairobi apartment prices fall as supply surges Apartments in high-end areas such as Lavington, Riverside and Karen reflected a similar pattern with a typical three-bedroom flat selling at Sh18.9 million down from Sh20 million three years...
