- IHS Kenya launches Ksh1bn housing project in Tilisi, adding 240 apartments targeting middle income homebuyers and investors.
- Apartments start from Ksh6.55m, with the development designed to meet EDGE green building certification standards.
- Developer targets 3,000 homes by 2030 as private investment helps address Kenya’s housing shortage.
International Housing Solutions (IHS) Kenya has unveiled a Ksh1 billion residential project in Tilisi, limuru, Kiambu County, adding 240 new housing units to the market. This comes as private developers step up efforts to address the country’s growing housing demand.
The development, dubbed Muzi Salama, features two- and three-bedroom apartments designed for middle-income homebuyers and property investors.
It comes at a time when Kenya continues to face a significant housing shortage, fuelled by rapid urbanisation, population growth and increasing demand for quality, affordable homes.
Although the government has made affordable housing a key pillar of its development agenda, industry experts maintain that greater private sector investment will be essential to narrowing the housing gap, particularly for middle-income earners.
Speaking during the project’s launch, IHS Kenya Managing Director Kioi Wambaa said the company considers residential development a long-term investment that not only delivers quality housing but also contributes to economic growth and sustainable community development.
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“We see housing as a catalyst for economic and social transformation. Every development we undertake is designed to leave a lasting impact by delivering quality homes and creating communities where families can prosper,” said Wambaa.
According to the company, the project is expected to generate employment opportunities during the construction phase, boost business for local suppliers and stimulate additional private investment in Kenya’s residential property market.
It has also been designed to attain EDGE (Excellence in Design for Greater Efficiencies) certification by incorporating energy- and water-efficient features that are expected to lower utility costs for homeowners while supporting sustainable urban development.
The apartments will be sold from Ksh6.55 million for two-bedroom units, while three-bedroom apartments will start at Ksh8.6 million.
Muzi Salama follows IHS Kenya’s earlier Muzi Stawi project at Garden City, which the company says is approaching full occupancy, an indication of sustained demand for professionally managed residential communities.
IHS Kenya has set a target of delivering 3,000 housing units by 2030, although the company noted that achieving the goal will depend on market conditions, the availability of financing and continued demand in Kenya’s residential housing market.
By Frank Mugwe
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