HF Group on Monday handed over the first phase of Nairobi’s Clay City, consisting of 80 three-bedroom apartments along Nairobi’s Thika Super Highway.
The Ksh700m project which was launched in 2018 is built under a joint venture with Clay Works Limited which owns the land, while HF Group fully financed the development.
“As always, we dedicated significant time and resources to respond to customer needs, to ensure we’re delivering exactly what our homebuyers are looking for. The setting of Clay City is perfect for homebuyers who want the serenity, convenience and amenities they’ve dedicated their lives and hard-earned income to achieve,’’ said HF Group CEO Robert Kibaara.
“While there is no doubt that the real estate market in the country has slowed down in the last few years, we have put in place aggressive marketing strategies including the Shika Nyumba property sales campaign to drive the up-take of Clay City as well as other housing developments under our portfolio,” added Mr Kibaara.
Priced from Ksh8.6 million, the three-bedroom apartments come with separate dining area, spacious en-suite master bedroom, all bedrooms with in-built wardrobes and provision for solar water heating system.
The development also boasts ample green landscaped areas with children’s play area, solar-powered security streetlights, power backup for common areas, secure boundary wall with electric fence, cabro-paved driveways within a gated compound with controlled single entry and exit for enhanced security.
“Residents are sure to feel right at home at Clay City, which offer spacious floor plans and the perfect setting to relax, play and create cherished family memories,’’ said the chief executive.
The second phase of Clay City has been committed to development of affordable housing units, in line with the Group’s strategic focus, and upon completion, will see approximately 800 units which will be a mix of one, two and three bedroom apartments constructed.
HF Group has a strong legacy of over 55 years in property development and finance and has over the years empowered more than 9,000 households to own property. Although the Group has diversified to provide full service banking, mortgage finance remains a key area of focus with a variety of mortgage finance solutions available.
‘’HF is committed to the affordable housing agenda and will continue to collaborate with partners in the public and private sector to deliver on this fundamental human right and make home ownership a reality for the majority of Kenyans,’’ said Kibaara.
The business is presently concentrating its efforts on mortgage financing to end buyers as part of our turn-around strategy that is already yielding positive results.
The Group is one of the players that have invested in the Kenya Mortgage Refinance Company (KMRC), which is set to unlock funds for lending to developers and buyers.
This is poised to accelerate affordability of housing in line with the Housing Pillar of the Government’s Big Four Agenda.
See Also>>> Bad Rating Pushes Real Estate Firm Deeper Into The Red
editor [at] businesstoday.co.ke
