Wealth Report Shows Population of Wealthy Kenyans Dropped by 22% in 2020
The number of High-Net-Worth Individuals (those worth over one million US dollars) dropped by 22% last year according to Knight Frank’s 2021 Wealth Report...
Developer to Build Luxury Westlands Skyscraper
Infinity Developers are in plans to launch a highrise apartment tower in Westlands that could rival Upperhill’s 88-Nairobi project.
The West Riverside Tower will sit...
Northern Collector Tunnel Project Set to Increase Nairobi’s Water Supply
Nairobi residents are set to begin reaping benefits from the Northern Water Collector Tunnel that has been under construction in Murang’a County as completion...
Kampala’s real estate sector lost 40 percent of revenues in 2020
Kampala’s real estate sector lost 40 per cent of revenues in 2020 following a contraction in demand during the pandemic.
Property managers disclosed that the...
Umoja-Innercore Road to Get New Upgrade by KURA
Kenya Urban Roads Authority (KURA) yesterday announced plans to construct the Umoja-Innercore road project as part of an intended 408 kilometres upgrade of city...
Housing PS Says Affordable Housing Program Effective for Markets
State Department of Housing Permanent Secretary Charles Hinga yesterday said that he is optimistic the government’s affordable housing program is achieving the desired impact...
LAPFUND to Break Ground on KSh. 3.5 Billion Kisumu Estate
The Local Authorities Pension Fund (LAPFUND) has announced plans to begin the construction of a KSh. 3.5 billion in Kisumu’s Makasembo Estate to replace...
KURA Ready to Begin Development of New Traffic Management System
Kenya Urban Roads Authority (KURA) yesterday announced it is ready to begin construction of the traffic management centre planned for Nairobi.
The Authority said it...
Demand for Office Space Decreased by 47% in 2020- Market Update
Kenya’s prime residential sector remained a buyers’ market in 2020, as prime residential rents declined sharply by 10.25%, compared to 2.8% in 2019, according...
Land Returns Among the Highest of all Asset Classes in Kenya
Land investments still fetch the highest returns in Kenya over the long-term, more than other asset classes.
According to the latest release of the Hass...
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Second Phase of Dongo Kundu Bypass to begin next month
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