NMS allocates KSh. 150Mn for New Cemetary
Nairobi Metropolitan Services (NMS) has set aside a budget of Ksh 150 million in the current financial year for the purchase new cemetery land...
Government pledges to enhance regulations in property market
The government plans to weed out malpractices in the real estate sector through enforcement of stringent regulations. The aim is to speed up regeneration...
Developers using off-plan option to manage financing burden
Most real estate developers have turned to off-plan financing to provide housing in the country. Even though these off-plan arrangements are not new in...
Hotel industry faces stiff competition from short-term rentals
Kenya’s hospitality sector has come face to face with the backlash from the influence of online accommodation listings like Airbnb and Booking.com on the...
Housing shortage provides Ksh. 400 billion opportunity
A study conducted by the IFC and the World Bank in 2019 focusing on how the private sector can contribute to affordable housing shows...
Fairmont hotels to introduce three-stop destination in Kenya
Fairmont Hotels and Resorts has announced a new venture to spruce up the diversity of its offerings to its guests in East Africa. The group...
NMS Plans New Traffic Management System For Nairobi
A new traffic management system for Nairobi is in the planning stage according to the Nairobi Metropolitan Services (NMS). The Kenyan government through the...
Fund manager sees no bubble in Kenya’s real estate markets
Fund manager Cytonn has downplayed prospects of a real estate bubble in Kenyan real estate markets. There has been frequent talk of a bubble...
New Savings Account to Protect Off-Plan Home Buyers
Real estate firm Costa Homes in collaboration with the National Bank of Kenya (NBK), has launched a new savings account that will shield buyers...
Firm wants to put up luxury apartments in Highridge
A firm, 202 Properties Limited are working on a project to put up a luxurious residential building in Parklands.
The project which is located in the...
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New Watamu skyscraper to unseat The Pinnacle as Africa’s number one
A new Watamu skyscraper dubbed Palm Exotjca proposed to be built in Malindi threatens to unseat the proposed Pinnacle Towers to become Africa's tallest...
How Big Is An Acre Really?
An acre is the typical measurement of a piece of land, used by buyers and sellers to have an understanding of the size of...
Kenya’s Construction Costs, 2017
Kenya's Construction Costs are one of the highest on the continent. The construction industry represents 6 percent of global GDP according to the International...
AVIC unveils the Global Trade Centre in Nairobi
Chinese company AVIC International, through its Kenyan subsidiary yesterday unveiled the Global Trade Centre (GTC) a city complex set on 7.5 acres of land...
Second Phase of Dongo Kundu Bypass to begin next month
Phase 2 of the Dongo Kundu bypass project is set to be rolled out from next month after the Attorney General gave clearance to...