Kenya has unveiled plans to construct 2,720 high-rise apartment units in Nairobi’s Ngara estate in a development that will gift the Kenyan capital its tallest homes beating 22-storey Le’mac Towers, Nairobi’s residential tower. The project is in line with the government’s affordable housing agenda.
“This iconic project is bound to change the Nairobi skyline as it will be the first project of its magnitude in East and Central Africa; that will give its residence access to the beautiful panoramic views of Nairobi,” said Zeyun Yang.
The high-rise apartments project dubbed the “River Estate” will be constructed by Edermann Properties owned by Chinese billionaire Zeyun Yang. It will comprise eight apartment blocks, each 34 floors high, with 340 homes per block.
The development will have a capacity to house 2720 families, creating local demand for other amenities. It will consist of 3 types of houses including 3-bedroom apartments, 2-bedroom apartments and 1-bedroom apartments.
The developers have invited prospective buyers to book their units whose prices range between US $60000 for a one-bedroom unit and US $84000 for a two-bedroom house. “Booking fee is US $2,976 per unit which is non- refundable; deposit 10%, and balance 90% on completion,” said Edermann Properties.
The project is scheduled for completion in 2021. Additionally, Edermann Properties has pledged to put up a bridge from the estate to Grogan road across Nairobi River to ease movement of people into and out of the 2.3-hectare gated community.
The proposed project will contribute to significant positive impacts in the area during its construction and operation phases. It help in creation of employment opportunities, optimal use of land, incorporation of collective waste management practices, increase in revenue to the proponent, national and the county governments among others.