REAL ESTATE NEWS

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A Nairobi court has suspended the planned demolition of buildings erected near Jomo Kenyatta International Airport (JKIA). The Kenya Airports Authority (KAA) had marked the structures built on five parcels of land next to JKIA for demolition, citing security concerns specifically for travelers. But…
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Diana Marua, the wife of celebrated Kenyan gospel singer Bahati has distanced herself from LimaVest, a real estate company accused of defrauding Kenyans of millions of shillings. Taking to social media recently, Diana apologized for misleading Kenyans to invest in the company, stating that she was…
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Retired AIC Bishop Silas Yego’s multi-million-shilling apartment building in Nairobi’s Kileleshwa estate are set to be auctioned over Sh153 million debt. Watts Auctions through a notice published in a local newspaper on Monday invited interested buyers to make bids for the residential units on…
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Hundreds of residents of Buxton Estate in Mombasa have been left homeless after their houses were demolished to pave the way for the setting up of modern houses. The old estate was flattened by the Mombasa county government and private developer Buxton Point Apartment Limited on Saturday morning,…
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A new report shows that wealthy Kenyans are shunning posh Nairobi estates like Kileleshwa, Runda, and Kitisuru. The recently released Knight Frank wealth report named Tigoni in Kiambu County and Miotoni in Nairobi’s Karen area as the most sought-after neighborhoods by Kenya’s super-rich.  The…
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750 investors are up in arms after a housing project along Kenyatta Road, off Thika Superhighway, stalled for months. The homebuyers have started collecting signatures to petition the Kiambu County Government and the National Assembly to investigate what delayed the project by Banda Homes, a…
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Ten orphans who had given up their hopes and dreams of getting an education can now afford to smile. This is after real estate developer offered them an education sponsorship worth Sh. 500,000. The real estate developer will extend Sh. 50,000 sponsorship to each kid for a period of three terms or…
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Retired AIC Bishop, Silas Yego is set to lose his 50 high-end apartments in Nairobi’s Kileleshwa neighborhood over Sh153 million bank debt. This comes after the court dismissed Yego’s application seeking to stop Transnational Bank from auctioning the property over the defaulted loan. Yego, through…
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Real estate company, Clay City Developers Limited has raised Sh1.3 billion from the sale of 333 of its 5,200 affordable houses at Clay City along Thika Rd. The developer is building the housing units on a 36-acre parcel of land through a joint venture with Housing Finance Development and Investment…
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A real estate company has refunded millions of shillings to home buyers due to the financial hardships triggered by the COVID-19 pandemic. Lordship Africa announced it refunded Sh40 million in pre-sales deposits to 12 people, who were seeking to buy apartments in its upcoming 88-Nairobi luxury…