Applewood Villas – a 10-acre gated community – comprises 18 villas each sitting on half an acre.
Salaried workers earning Sh100,000 and above will be allowed to use their savings to access mortgages.
The State must offer more tax incentives in addition to free land.
Wealthy families are buying houses to facilitate residence for their members.
Every worker will pay to the housing fund 1.5 per cent of their monthly basic salary.
The suburb is set to outperform the competition, making it a good bet for investors.
Business travellers prefer to stay at serviced apartments, which are cheaper than hotels.
The initiative will bring into the market thousands of new homes for as little as Sh500,000.
The government has set aside 7,500 acres of serviced land for builders of low cost houses.
Analysts expect real estate investment in Kenya to pick up in the coming months.