Du­alling Ou­ter­ing likely to boost HF’s Ko­marock project

The Star (Kenya) - - News Business -

Hous­ing Fi­nance Group’s prop­erty devel­op­ment sub­sidiary, HFDI, has backed the on­go­ing Sh8.2 bil­lion ex­pan­sion of Ou­ter­ing Road as it will boost sales at its Ko­marock Hous­ing project. The firm is put­ting up 480 two and three-bed­roomed units at a cost of Sh7.5 bil­lion, un­der the first phase, to be ready in March next year. HFDI ex­ec­u­tive direc­tor James Karanja said about 15 per cent of the units have been sold. The ex­pan­sion of Ou­ter­ing Road, to be completed in Septem­ber next year, he says, will im­prove ac­ces­si­bil­ity. “The project prices will re­main within the cur­rent mar­keted range as we main­tain our goal of pro­vid­ing af­ford­able hous­ing,” Karanja said in a state­ment. Ko­marock Heights is Hous­ing Fi­nance Group’s big­gest real es­tate project since Buru Buru in the 70s. “There is a huge de­mand for hous­ing, par­tic­u­larly de­cent, af­ford­able hous­ing.

Newspapers in English

Newspapers from Kenya

© PressReader. All rights reserved.