Listed mortgage lender, HF Group, has been making good its promise to slash house prices by 30 per cent. Yesterday it handed over 248 housing units worth KSh. 1.9 billion to owners under its Shika Nyumba campaign.
Buyers were given access to the houses located along Kamiti Road off Thika Super Highway. The project which was developed under a joint venture agreement between HF and Richland Development Limited contains two and three-bed roomed apartments selling for between KSh. 8.5 million and KSh. 9.5 million respectively.
Speaking during the handover ceremony, HF Group CEO Robert Kibaara attributed the quick uptake to the recently launched Shika Nyumba campaign which has helped create widespread awareness of the listed lender’s projects.
HF Group had announced that the promotion would be giving away 700 units at the said discount, a promise they are well on their way to fulfill. Hf is also providing mortgage financing for interested buyers under the promotion.
Our mission is to empower Kenyans to own property specifically affordable housing with modern features and amenities that improve the quality of life for individuals and communities both now and in the future,’’ Kibaara said.
He added that HF Group is committed to the affordable housing agenda and will continue to deliver on this fundamental human right and make home ownership a reality for the majority of Kenyans
Steven Njoka, chairman Richland Development said that they projected developing phase two of the housing units and urged the government to reduce VAT rate on housing.
With an uptake rate of over 100 units sold in the first two months of the campaign, the demand is more than modest.