…this is the first phase of the 1,272 housing units the company is developing in Komarock estate
NAIROBI: September 28, 2017: HF Group’s property development subsidiary, HFDI has completed the first phase of its housing project dubbed Koramock Heights, which the company is undertaking in Nairobi’s Komarock Estate.
Phase One of the Ksh 7.5 billion project which was started in August 2015 comprises of a mix of two and three bedroomed units totaling 480 apartments targeting the middle income population.
“This project featuring 144 two-Bedroomed units; 336 three-Bedroomed units, is one of a kind in Eastlands, with passenger lifts in each apartment block, children’s play area, ample parking, excellent finishes, borehole water and provision for solar water heating,” stated HFDI Executive Director, James Karanja.
The cash price for the two-bedroom and a three-bedroom units is Kshs.6.1 million and Kshs.7.1 million, respectively. For those purchasing through a Tenant purchase or mortgage scheme, a two-bedroom unit costs Ksh6.6 Million and 7.6 Million for a two and three bed apartment respectively.
The company has organized an open day that will run from September 28th to October 1, giving prospective home buyers the chance to tour the project and get firsthand experience. Effectively, the company will be extending a Special cash offer on limited units.
“We encourage buyers to take advantage of the limited cash buyer prices of Ksh 4,950,000 if the entire amount is paid within 30 days or Ksh. 5,500,000 if the entire amount is paid within 60 days for the two bedroom unit. For three-bedroom unit, the cash price will be Ksh – 5,950,000 if the amount is paid within30 days or at Ksh. 6,500,000 if paid within 60 days,” said Karanja.
The development, which is HF Group’s biggest real estate project since the development of Buru Buru Estate in the 70’s, is located in a prime location with educational facilities in close proximity and the Komarock Mall, commonly known as K-Mall, 300 metres away, housing Tuskys supermarket, banks, eateries and Aga Khan University Hospital full-service clinic.
Majority of the current and upcoming projects undertaken by HFDI are under joint venture partnerships with select land owners. However, Komarock Heights is fully owned by HF group.
“Customer feedback is taken into consideration during the project planning and design stages, to ensure that as we strive to bridge the current housing shortfall, customer interests are taken into account,” he adds.
HFDI is a wholly owned Property Development and Investment subsidiary of HF Group incorporated in 2013. It was previously known as the Kenya Building Society. Other properties HFDI has developed include Buru Buru, Komarock Phases 1 to 4, Ngei and Woodley estates in the past, and more recently Kahawa Downs, Precious Gardens, Richland Pointe, Komarock Phases 5A &B, Komarock Heights and Clay City.