Jamii Bora Makao (JBM), a low income housing provider, has rolled out the second phase of its Sh5 billion estate in Kisaju area of Kajiado County.
Phase two of the project dubbed Kisaju View Park aims at building additional 1,250 three and four bedroom houses to its first batch of 950 units. The homes will be sold for Sh2.5 million and 5.4 million for three and four bedrooms respectively.
According to Wagane Diouf, the managing director of Urbanis Africa – the developer of Kisaju View Park, the second phase follows the successful completion of the first batch of 950 homes.
“The 950 units, which were built at a cost of Sh2 billion, are targeted at low-income earners with units going for as low as Sh1.5 million for a two-bedroom house,” Mr Diouf said during the Saturday ground-breaking event.
Mr Diouf confirmed that 90 per cent of the homes have already been sold, terming this as a clear indication that people appreciate JBM’s entry into the low-income housing market.
“We chose Kisaju because the area is expansive giving room for more housing. Its location away from the city centre (55 km) saves people the hustle and bustle of the city,” said Mr Diouf.
Jamii Bora Makao has teamed up with Jamii Bora Bank and Housing Finance to provide financing to acquire the homes, which are being financed through the off-plan model.
JBM has financed electrification of the area and it is now appealing to the ministry of roads to help in building roads in the area.