Kenya: developers eye construction of luxury apartments
Developers are splashing billions to construct luxury apartments in Kenya in a bid to woo the ever expanding middle class. In Nairobi’s leafy suburbs several luxury apartment developments are targeting youthful buyers as well as diplomats.
After the completion of the Thika Superhighway in Kenya, the property boom along the superhighway is at its all-time high.
Sigimo Enterprises is one firm in Kenya that intends to benefit from this demand for prestigious housing.
The firm has currently constructing Lenana Gardens at Ngong Hills Forest, offering its clientele a serene and quiet environment close to Nairobi’s Central Business District.
Sigimo Enterprises says the multi-million dollar project, which is attracting investors from Dubai and South Africa, will be completed in April this year.
Zipporah Kamau of the Mentor Group which is managing the project says that it targets middle-income earners.
It is a phenomenon that is expected to continue with the rise if the middle class in Kenya who can afford such apartments. On their part developers will be enhancing their creativity in order to tap this lucrative market.