There is a deficit of two million units countrywide, according to the official statistics.
The project has faced controversy since its July 2013 commissioning.
AVIC, China Wu Yi, and Twyford Ceramic have invested Sh54 billion into local projects.
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The deal offers a unique proposition to the East African construction market.
Previously, it was extremely hard to find land being advertised in Muthaiga.
The facilities are “easy to plan, build and require less capital” than ordinary malls.