According to Wagane Diouf, the managing director of Urbanis Africa – the developer of JBM projects, phase two follows the successful completion of the first batch of houses that were built at a cost of Sh2 billion.
“The 950 units, which were built at a cost of Sh2 billion, are targeted at low-income earners with units going for as low as Sh1.5 million for a two-bedroom house,” Mr Diouf said adding that the houses are 90 per cent sold.
Mr Diouf who was speaking during the Saturday groundbreaking ceremony of Kisaju View Park – 2 said the second phase is expected to be completed in the next two years at a cost of Sh3 billion.
Upon completion of phase two, Kisaju View Park will comprise 2,200 housing units, several primary and secondary schools, religious institutions, medical amenities and commercial centres that include 1,300 market stalls.
“We chose Kisaju because the area is expansive giving room for more housing. Its location away from the city centre (some 55 kilometres) saves people the hustle and bustle of the city,” said Mr Diouf.
JBM has partnered with Jamii Bora Bank and Housing Finance to provide financing to buy the houses, which are being financed through the off-plan model.
The firm has financed electrification of the area and Mr Diouf appealed to the government to help in constructing roads in the area.
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