This archive report was first published on 25 November 2019.
On November 25, 2019, Housing Financing Company HF Group announced a partnership with Habitat Heights Limited to offer end-user financing and sales & marketing services for 8,888 affordable housing apartments in Lukenya, Athi River.
The apartments are currently under development by Habitat Heights Limited, a joint venture between Singapura Developers Ltd, a subsidiary of Singapore consortium AFRA, and Habitat Housing Cooperative Society Limited. The units will include one, two and three-bedroom apartments as well as studio apartments and retail shops.
According to HF Group CEO Robert Kibaara, the partnership aims to create an opportunity for affordable housing for Kenyans in the middle-income bracket. "This partnership is in line with our strategy to focus on end-user financing for affordable housing and create an opportunity for Kenyans in the middle-income bracket to own homes," Kibaara said.
Habitat Heights Chairman Maheshwaran Suresh Kumar noted that the project will benefit from the experience the consortium has garnered through developing some of the best in class residential, office, retail, and amusement properties across the globe.
The project is split into 7 phases of construction, with each phase projected to take 18 months. A new phase will be launched every three months to ensure timely delivery of the project. Residents of Habitat Heights will also benefit from various amenities, including convenience stores, cafes, and bistros, a multipurpose hall, integrated solar heating for hot water supply, garbage management system, backup power supply, and a smart city maintenance system.
