Kwangware 2b

  • Status: Construction
  • Country: Kenya
  • City: Nairobi
  • Partner: KKL
  • Year Approved: 2021
Total Invested
KES 4,000,000
Average Completion Cost
KES 640,000
Total Invested
$36,265
Delivery of Homes
Total Financed
Completed
Rental
25
25
Project Overview

Funded by New Story, Kwangware 2b is an extension of the original Kwangware project and uses KKL’s modular technology to deliver the new homes within just 12 weeks. The bedsits start at just $3,000 (excluding land, site costs and connections) meaning that decent housing can be built for a far lower price point than other developers in Kenya.

Delivering 25 affordable rental units in Kwangware, the project is located in an area with a large factory based workforce, many of whom currently reside in sub-standard rental housing. Each unit will provide sustainable and liveable spaces within a secure compound with pathways around the site and service connections included

25
Homes Completed
25
Connected to Water and Sanitation
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Completion Cost
(Local Currency)
18m2 bedsit with bathroom and sink Rental 23 25 18 640000

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 4,000,000
$ 36,265
Grants
KES 4,000,000
$ 36,265

Based on exchange rate on 31/10/2021

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Data last updated on 30/06/2022