Due to constant land supply, and the need to share amenities, demand for housing in Kenya is over 250,000 units per year against a development of about 50,000 units. Current development of residential houses in major urban areas is moving from detached units like bungalows and maisonettes to flats and apartments.
The latter are now coming up even in areas that had been zoned for low-density residential areas like Kileleshwa, Kilimani and Lavington estates in Nairobi. The Hass property index. Q4 2020 attests to this as in 2001, apartments took up23.5%of the market, semi-detached took 24.5% of the market and detached houses took 52% of the market. In December 2020 however, apartments took up 58.8% of the market, semi-detached houses took up 28.8% of the market and detached houses took up 12.4% of the market.
This is due to rapidly escalating value of land and the ever-rising cost of building materials that make cost of housing far beyond reach of the majority in urban population.
Flats and apartments are advantageous in that several housing units can be put up on a small parcel of land thereby increasing the occupancy density and lowering the prices of the units to affordable levels.
One major advantage of a sectional property, is that the buyer of a unit gets firmed up as the rightful owner of the property in the green area as well as claiming ownership of the public area, including play area for children.
Buying into a sectional title unit costs you less when purchasing as the construction of a sectional title building can be done at a lower cost of land per unit in comparison to building freehold housing.
The responsibility of the general upkeep of the estate belongs to the body corporate thus the load is shared between members with or without the need of a managing agent.
A close social life, ample amenities and additional security are enjoyed, therefore apartment ownership makes provision for the changing lifestyle of the community, providing leisure and security at the all inclusive cost payable as service charge every month.
The Nine planet apartments enjoy the great feature of a sectional property unit.
These apartments are conveniently located close to major shopping malls like Prestige Mall, Yaya centre and The Green house. It also enjoys proximity to major schools and a stone throw to the CBD.
The apartments are built in the secure serene environment on Kabarnet gardens. The modern finishes include wooden floors granite worktops and fitted cabinets in the kitchen.
Extra amenities include swimming pool, clubhouse gym, common garden generator for common areas security cameras and 24-hour security.
The apartments are easily accessible even by public means on the major Ngong Road and are available either to let or for sale.
Get in touch with us to either rent or buy a unit and enjoy the great features offered by the Nine Planet apartments.
Nyaga N. Rosah.
Real Estate Officer.
GREENKENYA INVESTMENT CORPORATION
The Greenhouse, Adams Arcade, Ngong Road,
4th Floor, Suite 23, East Wing,
P.O. Box 21133-00505,
Whatsapp Business: 0724 111 174
Nairobi | Kenya