Developer to Build 1,959 Housing Units in Kiambu's Migaa Golf Estate
By Estate Cloud - about 2 years ago - Kenya
Property developer Sycamore Pine Limited is seeking regulatory approval to put up 1,959 housing units in Migaa Golf Estate, Kiambu County.
An approval document filed with the National Environmental Management Authority (NEMA), shows the residential estate which is set for the Migaa Golf Estate in Kiambu will be known as Samara.
The developer has carved out 17.2 acres of land from the expansive Migaa Golf Estate to carry out the development. According to the filed document, the housing units will comprise of only two and three-bedroom apartments.
Phase one of the project has already been funded to the tune of Ksh. 1.4 billion. More than any other location within the Nairobi metropolitan area, Kiambu has grown into a magnet for large real estate projects involving housing. This has been backed by a number of factors including the demand for housing and residential land, which have made landowners ditch coffee farming.
Just yesterday, Tatu city announced that it had beat the 2020 near-market freeze to sell out more than 90 per cent of its land parcels. Tatu city’s sales department explained that the demand for residential spaces has been on the rise with uptake increasing greatly in the past year.
“On a monthly basis, we’ve managed to sell about 10 units and expect the growth trajectory to persist,” said the company’s Head of Sales, David Karimi. Other developers that have announced major housing projects for Kiambu County over the next few days include Centum, Hydro Developers, Haco and many others.
Related; Kiambu County set for the biggest housing project in Kenya with 30,489 units
See Also; Kiambu County records highest increase in land prices in the country
Further Reading; Kiambu pushes for Ruiru City status