The Eldoret real estate market has attracted a Sh40 billion housing project that offers residents a chance to own homes in a secure gated community.
Dubbed Sergoit Golf and Wildlife Resort, the development set on a 3,100-acre piece of land, 15 km from Eldoret town, will comprise 2,000 villas, three golf courses, an airstrip, a private hospital, a shopping mall and a 5-star hotel.
The estate will be built in four phases according to Mr Joshua Chepkwony, the chair of Sergoit Holdings – the firm behind the development. Each phase will take about twelve months to complete.
“Each of the four phases will cost about Sh10 billion and we expect to finish the first phase in a year’s time,” said Mr Chepkwony.
Mr Chepkwony said that development is a hybrid of ideas borrowed from Tatu City, Thika Greens and Migaa Golf Couse in Kiambu.
Phase one of the project will involve the construction of 626 villas on a 400 acre parcel of land near the Sergoit Hill.
Phase two will involve the construction of an airstrip alongside an 18-hole golf course, and a golf estate with luxury villas on varying plot sizes that will be sold on completion.
A 5-star hotel will be put up in the third phase of the project. The fourth phase, anticipated to be completed by 2016, will involve the construction of retirement homes.