REAL ESTATE NEWS
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The World Bank has approved a loan of $250 million (Sh25 billion) to Kenya to help with the country's affordable housing.
Through the Kenya Affordable Housing Finance Project (KAHFP), the loan will support the establishment of Kenya Mortgage Refinance Corporation (KMRC).
The government plans to use…
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Housing and Urban Development Principal Secretary Charles Hinga says the government will allocate low-cost houses to Kenyans using a lottery system.
Speaking during an interview with Citizen TV, PS Hinga has revealed that only those who register and make monthly contributions to the Housing Fund…
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Kenyans on social media have launched an online campaign to oppose the 1.5 percent housing levy on all employees.
Using hashtag #ResistHousingFundLevy, online users have rejected the government's intention to implement the tax, terming it oppressive and a scheme by corrupt officials to steal more…
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The Labor court on Wednesday suspended government's decision to implement the 1.5 percent Housing Fund levy starting next month.
This comes after the Consumers Federation of Kenya (COFEK) filed a suit to challenge the tax terming it as illegal.
In its suit, the body argues that if implemented, the…
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The Federation of Kenya Employers (FKE) has dismissed a notice by the government announcing the implementation of 1.5 percent housing levy on all workers starting next month.
In a statement, the body says the notice is illegal since a court order that suspended the implementation of the levy up to…
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The government has announced it will deduct 1.5 percent housing levy from all employees beginning next month.
In a notice published in local newspapers on Tuesday, the Ministry of Housing and Urban Development says the first contribution will be due by May 9th.
"Both the employer and…
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More than 100,000 Kenyans have so far registered online for President Kenyatta's low-cost houses program.
Principal Secretary for Housing and Urban Development Charles Hinga says the number of Kenyans registering for the program on the Boma Yangu portal has increased in the past few weeks.
PS…
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A Chinese real estate company has revealed plans to set up a Sh200 billion city in Kenya.
Dubbed “Friendship City”, the investment project will sit on 1,200 acres of land in Athi River.
The Business Daily reports that the modern city will comprise of residential homes, factories, schools, hospitals…
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Nairobi Governor Mike Sonko has launched the construction of Sh7 billion low-cost houses in Nairobi's Ngara Estate.
The project, dubbed River Bank Apartments, is in line with President Kenyatta's affordable housing plan.
The project is being undertaken by Erdemann Property Limited and will be…
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The National Assembly Environment and Natural Resources Committee has saved the multi-million shilling Seefar Apartments in Nairobi from demolition.
The Committee has ordered the immediate withdrawal of a notice of demolition issued to the owners of the multi-story residential building in Nyayo…
