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HF Group Pocket Sh2bn from New Homes

Peter Musila 2 years ago

Real estate developer-cum-lender HF Group recorded a 95 percent sales of their Kiambu-based modern apartments. The group had build 248 units consisting of two and three-bedroom making a Sh2.2 billion.

The houses are a joint venture between HF Group’s development and investment subsidiary — Housing Finance Development Investment (HFDI) — and Richland Development Limited and located along Kamiti Road, Kiambu county.

“We are only left with about 18 units, which are not sold. Actually, all two-bedroom units are sold,” HF Group CEO Robert Kibaara. That means all the remaining houses are three-bedroom units worth a total of Sh171 million.

Richland Point consists of 63 two-bedroom units and 185 three-bedroom units.

“A two-bedroom unit has been selling at Sh8.5 million while a three-bedroom one has been going at Sh 9.5 million,” he said.

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