Govt Puts 488 Affordable Houses in Nairobi Up For Sale

  • The housing units located along Park Road in Ngara
    The affordable housing units located along Park Road in Ngara, Nairobi County.
    File
  • The government has put 488 newly constructed houses in Ngara, Nairobi County, on sale at what it described as affordable prices.

    In a statement, Housing PS Polycarp Hinga confirmed that the houses had been inspected and handed over to the state for sale to prospective buyers.

    The houses located along Park Road include one-bedroom, two-bedroom and three-bedroom houses which will go for Ksh1 million, Ksh2 million and Ksh3 million respectively.

    The PS also indicated that Kenyans were free to apply for the purchase of the houses through Boma Yangu, a platform run by the government's affordable housing programme.

    An image of Affordable Housing Project
    Apartments under the affordable housing project located at Park Road, Ngara in Nairobi.
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    He also revealed that the application period expires on Friday, December 3, 2020.

    Hinga also noted that prospective buyers would pay for their units in installments but must negotiate their payment plans. They will, however, be required to pay a deposit of 12.5% of the unit's cost upfront.

    “For all those who have registered on BomaYangu and have chosen Park Road specifically as your preferred scheme, kindly note we are closing the sale.

    “We have negotiated a good mortgage deal for you with the listed participating banks, visit your preferred bank and ask for a pre-approval for the balance and you are good to go,” stated the PS.

    The PS further noted that the units were already constructed, inspected by authorities for quality before being handed over to the state for sale.

    At the location, Hinga disclosed that housing units totaled 1,370 - 822 would be floated to the public while 548 would be reserved for civil servants.

    Separately, the government also announced that the first batch of 150 tenants will move into the affordable housing units in Pangani in February 2021. 

    "The first block of 160 units will be handed over in February 2021, nine months after the project began in May 2020. 

    "The original 48 tenants of the Old Pangani Estate will be part of the group that will take ownership of the new units," Lands, Housing and Urban Renewal Executive Charles Kerich stated. 

    President Uhuru Kenyatta tours Nairobi Metropolitan housing projects in Nairobi's on Tuesday, June 30, 2020
    President Uhuru Kenyatta tours Nairobi Metropolitan housing projects in Nairobi's on Tuesday, June 30, 2020
    PSCU