Owning a house in Kenya still remains a distant dream for most middle- and low-income Kenyans. A look at the classified advertisements in the newspapers leaves the average, employed middle-class Kenyan discouraged.
However, this might change in the near future after it emerged that the ongoing Government Housing Project will see at a two-bedroom apartment being sold at a maximum of 1.5 million shillings.
Nairobi Governor Mike Sonko revealed the prices on Tuesday during a groundbreaking ceremony for 2,720 houses that took place at River Estate in Ngara, Nairobi County.
Currently, a three-bedroom house in Kilimani costs anything from Sh11.8 million to 12.8 million, with a two-bedroom flat in Spring Valley going for upwards of Sh25 million.
Prices in Eastlands are no better, with a four-bedroom house in Fedha Estate in Embakasi going for around Sh30 million.
Therefore, it is clear that thousands of Kenyans will benefit from the river estate housing project as it will offer considerably cheaper houses with one bedroom going for one million shillings.
Source: http://www.kbc.co.ke/three-bedroom-house-to-cost-ksh-2m-in-new-affordable-housing-project/
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