The River Estate will feature eight 34-floor apartment blocks, each with 340 homes.
Britam Tower was designed by GAPP Architects & Urban Designers and Triad Architects.
The sector recorded the highest growth in bad loans in three months ended June.
Nairobi boasted 4,582 serviced apartments last year – nearly double the figure in 2013.
Applewood Villas – a 10-acre gated community – comprises 18 villas each sitting on half an acre.
Workers earning Sh100,000 and above will be allowed to use their savings to access mortgages.
The government is currently sourcing for financing for the 10-kilometre road project.
The State must offer more tax incentives in addition to free land.
The 85-hectare plant was built by China Jiangxi International for Sh13.5 billion.
Rosslyn Riviera Mall has slashed rents by half to woo new renters.