This archive report was first published on 25 August 2020.
On a mission to provide quality affordable apartments, Centum Real Estate has launched a new 268-unit housing development in Kasarani, Nairobi, on August 24, 2020.
According to Centum Real Estate Managing Director Samuel Kariuki, the development, branded 265 Elmer One Apartment, is designed to meet the needs of first-time home buyers and investors alike.
‘The Estate offers competitive rental rates and capital returns to residential real estate investors that are also ideal for owner-occupier buyers,’ said Kariuki.
Located in the heart of Kasarani, the development boasts a mix of studio, 1-bedroom, 1-bedroom loft, and 2-bedroom apartments priced from Sh1.9 million.
With a population of approximately 708,000 residents, Kasarani is one of the most populated constituencies in Nairobi, making it an ideal location for affordable housing.
The development is expected to provide a recurring rental income with yields averaging 7.5 per cent per annum, making it an excellent opportunity for investors looking to diversify their investment portfolio or venture into real estate.
As part of the government's Big Four Agenda on housing, the development is a significant step towards providing Kenyans with decent housing and opportunities to integrate into the Manufacturing Pillar of the Big Four Agenda.
