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Dr. Chrispus Wachira's ambitious real estate venture in Kajiado is reshaping the local housing landscape.
Invested in over 40 acres in Kiserian, 17 kilometres from town and 48 kilometres from Nairobi, Dr Wachira is set to launch a 259-unit development featuring bungalows and maisonettes. Initially met with scepticism, his foresight is now being validated by rapid infrastructural advancements, particularly the upgrade of the Isinya-Kiserian Road—often referred to as Pipeline Road—which aims to enhance accessibility to neighbouring towns. Dr. Wachira, the CEO of Almond Estate Company, draws upon a successful experience in Kimuka, another remote area where he previously sold out a housing project.
He cites this background as a foundation for his current venture, bolstered by infrastructural improvements established during President Mwai Kibaki's administration. These developments included significant road constructions and improved power connectivity, which subsequently energized the local Jua Kali sector. These advancements have stimulated demand for housing among individuals trained in Technical and Vocational Education and Training (TVET) colleges.
As economic opportunities in crowded urban areas diminish, Kajiado is emerging as a preferable destination for individuals seeking a quieter lifestyle away from Nairobi's bustle. Dr Wachira notes a migration trend from upscale areas in Nairobi, such as Kileleshwa and Kilimani, as residents search for more affordable and spacious living conditions in remote locations like Kitengela and Namanga. Over the past three years, Kajiado has witnessed significant changes, with landowners selling parcels to developers and new residents.
This influx has rejuvenated previously stagnant areas, signalling a burgeoning interest in real estate. Birika, located just three kilometres from Dr. Wachira's project, has transformed into an urban hub featuring essential amenities, including schools and government institutions. Dr. Wachira anticipates continued growth in the region, driven by the pressing demand for affordable housing.
"Middle-income individuals are increasingly seeking rental options that align with their financial capabilities, particularly in Nairobi's suburbs," he says.
The government's housing agenda, initiated under the previous administration and maintained by the current one, aims to address the annual requirement for an estimated 250,000 housing units in Kenya. Dr Wachira emphasizes that suitable land for such developments is increasingly unavailable within major cities and is instead found in their surrounding suburbs. His project offers a range of housing options: two-bedroom bungalows priced at Sh5.8 million, three-bedroom standalone maisonettes at Ksh6.8 million, and four-bedroom maisonettes at Ksh7.8 million.
Investing in remote locales provides not only lower acquisition costs but also the potential for higher property appreciation compared to Nairobi. The Kenya National Bureau of Statistics (KNBS) reports robust demand in the residential property market, with over 75% of properties successfully selling during 2023 and 2024. Vivian Kibet, a local real estate investor and resident of Kajiado, notes that this rising demand has led to a significant increase in property values in the area.
The devolution process has allowed Kajiado and similar regions to operate as independent economic centres, minimizing the necessity for residents to venture into urban areas for basic services. Kibet notes that these towns are transitioning into thriving centres of commerce as the quest for a lifestyle blending urban amenities with peaceful surroundings grows. Despite the promising prospects, challenges remain, including inadequate access roads to interior areas and traffic congestion in towns like Ongata Rongai, Kitengela, and Ngong.
Nevertheless, the growth potential in Kajiado stands strong, positioning it as an attractive alternative for those seeking affordable and serene living options away from the city's frenetic pace.