Kenyan Govt Announces Prices For Affordable Houses In Nakuru, 2-Bedroom To Cost KSh 3.15m

Posted on 22 Oct 2024
Kenyan Govt Announces Prices For Affordable Houses In Nakuru, 2-Bedroom To Cost KSh 3.15m
  • The Ministry of Lands, Public Works, Housing and Urban Development invited applications from interested buyers for affordable houses in Nakuru city
  • Buyers will be required to part with a deposit of 10% and will then pay a monthly rate of KSh 16,997 and KSh 22,993 for two and three bedrooms respectively
  • Despite the Kenyan government's efforts to provide affordable housing solutions in Nakuru, concerns arose over the perceived high costs

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The Kenyan government has unveiled the prices for affordable houses in Nakuru.

The announcement comes as part of the government's commitment to providing accessible housing solutions to a wider population, but the costs have been deemed high for mama mboga and other hustlers.

In a notice, the Ministry of Lands, Public Works, Housing and Urban Development invited applications from interested buyers.

What's the cost of affordable houses in Nakuru?

The ministry noted that a two-bedroom measuring 64 square feet will cost KSh 3.15 million, while a three-bedroom measuring housing measuring 85 square feet will retail at KSh 4.25 million.

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"Interested members of the public are hereby invited to purchase ready units at the affordable housing project in Bondeni, Nakuru.
Prospective purchasers are invited to visit the Bondeni housing site to view the houses and register to purchase on the Boma Yangu portal," the ministry stated.

Buyers will be required to part with a deposit of 10% and will then pay a monthly rate of KSh 16,997 and KSh 22,993 for two and three bedrooms respectively.

How did Kenyans react?

Despite the Kenyan government's efforts to provide affordable housing solutions in Nakuru, concerns arose over the perceived high costs, particularly for individuals in lower-income brackets.

Netizens noted that pricing may still pose a barrier for those with limited financial means.

TUKO.co.ke sampled some comments:

Senior counsel Ahmednasir Abdullahi opined:

"Few Kenyans just don't want most Kenyans to own homes."

@JoelKamiru wondered:

"Which hustler will afford the 10% deposit, and you people think it is a good idea? I repeat Kenyans have an income problem, not a housing problem."

Carol Nyaga noted:

"A two-bedroom for KSh 3.15 million in Nakuru is not affordable by any standards."

George Kim commented:

"Those living in slums can continue doing so considering they can’t part with KSh 3 million…Thought affordable housing was meant to solve the housing crisis in major towns."

@Briankariu added:

"Houses built with our own taxes are being sold to us above market rate."

Why William Ruto vowed to defy courts

Ruto declared war against corrupt judicial officers, allegedly derailing his development agenda.

Ruto said the housing and Social Health Insurance Fund programmes were constitutional and no one should stop them.

This followed court orders declaring the housing levy unconstitutional and halting the implementation of SHIF.

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President William Ruto speaks at a past event.

President William Ruto speaks at a past event.

Kenyan Govt Announces Prices for Affordable Houses in Nakuru, 2-Bedroom

Kenyan Govt Announces Prices for Affordable Houses in Nakuru, 2-Bedroom

Low cost 2 bedroom house plan in Kenya |HPD Consult

Low cost 2 bedroom house plan in Kenya |HPD Consult

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