Superior Homes expands in Kenya with $68.8 million project

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Real Estate developer Superior Homes Kenya is putting up a Sh7 billion ($68.8 million) residential development in Kenya’s coastal town of Kilifi, as it moves to expand its real estate portfolio in the country.

Dubbed ‘Pazuri at Vipingo’, the master-planned site will consist of 372 houses and associated infrastructure and amenities covering more than 100 acres.

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The development, which commenced early this year, consists of 2, 3 and 4 bedrooms with phase One of the project comprising of 63 units expected to be ready for occupation in June 2020.

“Pazuri at Vipingo has been designed so that every house enjoys an ocean view. Large plot sizes, spacious bedrooms and open plan lounges, generous window sizes and rooftop entertainment space all combine to provide a wonderful home whether it is for a residence or a holiday home,” Superior Homes Managing Director Ian Henderson said.

With initial offer prices for the two-bedroom starting from Ksh12 million (about$ 117,947) and stage payments made as the construction rolls out, Pazuri at Vipingo is targeting, among other clientele, the  investors who want to use a house for holidays part of the time and then enjoy income while their house is not being used by them.

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Working in conjunction with Vipingo Ridge, the buyers will have access to the adjacent world class golf course and other amenities including the fabulous Beach Club, which is a short drive away.

All of the houses have been designed with the climate at the Coast in mind with ceiling heights that are higher than usual and window and door opening generous to aid air circulation and keep temperatures low, the developer notes.

Superior Homes Kenya (Plc) is a real estate development and a public limited company registered in Kenya in 2004.

The company takes pride as the pioneers of the open-plan gated community concept in the region which is now the future for sustainable living.

The company aims at developing affordable housing for the emerging middle class that would range between Ksh6 million ($58,973) and Ksh10 million ($98,289)in the near future.

READ ALSO:President Kenyatta woos the private sector for affordable housing project

Superior Homes has won various awards such as Best Development in East Africa at the CNBC International Property Awards 2007 for the pioneer development- Green Park.

In 2015, it was recognized and included in the Top 100 Mid- Sized Companies completion.

Superior Homes has since received accolades from this prestigious competition in three consecutive years from 2015 to 2017.

Martin Mwita is a business reporter based in Kenya. He covers equities, capital markets, trade and the East African Cooperation markets.

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