A bungalow sitting on an acre of land is costing up to Sh300 million.
The deal will involve construction of modern high-rise residential buildings in Eldoret.
The deal sets in motion the much awaited 'Steel City' project that aims to meet the region's demand for steel.
The facility comprises 600 villas, an 18 hole-golf course, a 5-star hotel, a club house and an airstrip.
The 3,000-unit housing development targets both low and middle-income earners.
The 5-star facility was built at a cost of Sh5 billion.
The estate comprises 30 Swedish style villas set on 8.5 acres of land overlooking Lake Victoria.
Two overseas firms have spread their technological wings into Kenya in the past three months.
The houses are already selling off-plan for between Sh9.25 million and Sh10.5 million.
The ambitious project is expected to greatly raise the profile of Machakos County.