Category Archives: Daily Nation

Inside Kenya’s first purpose-built retirement village

Emmanuel Kamau and his wife Elizabeth Muthoni are in their mid-sixties. The two former civil servants retired a few years ago, long after their four adult children moved out of home, leaving the two of them in their expansive five-bedroom house in Lower Kabete, a place they have called home for over 27 years. EMPTY […]

Homes just for the elderly

Property Developer Superior Homes Ltd, is set to launch the first purpose-built assisted living complex in Kenya, targeting people above the age of 65. Dubbed Fadhili Care, the housing complex is specifically designed to ensure their safety, security and well-being. The facility will be located in Athi River, about 30 kilometres from the city centre, […]

Court stops Water Resources Authority from demolishing Greenpark Estate residential units

The High Court in Machakos has stopped the Water Resources Authority from demolishing residential units at the Greenpark Estate in Machakos County. In May, the authority issued residents of the estate with a 21 day notice to vacate their homes, which border Stoni River Athi, on grounds that they were on riparian land. This came […]

Firm gets nod to buy cement factory land

A property company has been allowed to proceed with the purchase of a contested parcel of land in Athi River, Machakos County, owned by East African Portland Cement Company Ltd. The cement firm was appealing a High Court decision which had extended the period for it to conclude a land transaction with Superior Homes Ltd, […]

Don’t shelve ideas for another day, Jack Ma says

Jack Ma, e-commerce magnate and owner of Alibaba Group Holding, a company that facilitates trade via the Web had a resounding message when he spoke at the University of Nairobi on Thursday: “Stop procrastinating on business ideas”. “If you are a real entrepreneur, you will never wait to start a business,” he said. The entrepreneur […]

Superior Homes offer unsteady income earners flexible pay scheme

Superior Homes Kenya in September 22, 2015 launched a long-term house payment scheme dubbed Buy Over The Long Term (BOLT) aimed at people with unsteady cash flows and those unwilling or unable to take mortgages. Home buyers can take as long as three years to make payments. Buyers can choose to withdraw from the arrangement […]

What can be done to make housing more affordable

The acute housing shortage in the country is often blamed on the fact that developers have concentrated on building for the high-end market, to the disadvantage of low-income earners. Besides, the cost of property in Kenya is among the highest, not just in the continent, but also in some countries in the West.  For instance, […]

New real estate ventures are reinventing Athi River Town

Had you bought a house in Athi River three years ago, the cost would have been about Sh3.9 million. Now, it will cost you a staggering Sh18.4 million.The latter is the current cost for a four-bedroom bungalow sitting on a quarter-acre piece of land. It’s a depiction of how things have changed for the town […]

Superior Homes to list on NSE Gems counter

Real estate firm, Superior Homes, is planning to list on the Growth Enterprise Market Segment (Gems) of the Nairobi Securities Exchange (NSE) as part of its strategy to raise capital for expansion. It has appointed Burbidge Capital as the lead advisers, PKF to offer accounting and business advisory services and A&K as transaction lawyers. The […]