Three Heights is the second phase of the site development for the Kangundo Road project. This phase is developed on a five acre of land, with residents coming from over 25 different housing cooperatives. All the houses are built on a plot size of 27 square metres, and equipped with water, sanitation and energy. All clients benefitting from the project were advanced with micro-mortgage loans by NACHU, to be paid back over 5 or 10 years.
Clients estimated to sit between 51st and 60th percentiles of incomes in Nairobi
Description | Type | Number Expected | Number Completed | Unit Size (m2) | Sales Price (Local Currency) | Monthly Cost (Local Currency) | Loan Length (months) |
---|---|---|---|---|---|---|---|
2 rooms & wetcore, 27m2, 126m2 plot | Basic | 148 | 52 | 27 | 1684000 | 31347 | 60 |
3 rooms & wetcore, 37m2, 126m2 plot | Basic | 134 | 50 | 37 | 1980000 | 36857 | 60 |
4 rooms & wetcore, 51m2, 126m2 plot | Cross Sub | 22 | 2 | 51 | - | 44717 | 120 |
Finance Description | Finance Source | Deposit | Interest Rate (%) |
---|---|---|---|
2 rooms & wetcore, 27m2, 126m2 plot | NACHU | 336,800 | 14.0 |
3 rooms & wetcore, 37m2, 126m2 plot | NACHU | 396,000 | 14.0 |
4 rooms & wetcore, 51m2, 126m2 plot | NACHU | 720,000 | 14.0 |
Of KES 142,011,777 total investments, KES 72,764,863 was recycled funds from previous project payments
Of $1,287,512 total investments, $659,703 was recycled funds from previous project payments
Based on exchange rate on 31/10/2021
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Data last updated on 30/06/2022