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Property

Fresh law to stabilise rental sector mooted

Tuesday, 15 May 2012 23:51 BY JAMES WAITHAKA
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LEGISLATION: Soita Shitanda, Margaret Wanjiru and Esther Murugi laying the foundation stone at Kamukunji Traders Market in Nyeri town. Photo/Wambugu Kanyi.

A law to regulate the relationship between landlords and tenants and promote stability in the rental sector is in the offing. The Ministry of Housing has drafted the Landlord and Tenant Bill which is intended to simplify, modernise and consolidate laws relating to renting of commercial and residential premises.Currently there is no rent control in Kenya except for units with monthly rent of Sh2,500 and below as stipulated in the Rent Restricti...

UAP gets $5m IFC loan for S. Sudan tower

Tuesday, 15 May 2012 23:51 BY STAR REPORTER
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UAP Holdings has inked a $5 million (Sh420 million) loan deal with World Bank's IFC to finance construction of a property in South Sudan. The deal will now see its subsidiary, UAP Properties Ltd, complete construction of the proposed 12-storey Equatorial Tower estimated at a cost of $15 million (Sh1.2 billion). The commercial block will alter Juba's skyline as the tallest building in world's newest state. UAP Group chairman Joseph Wa...

How to beat the high land prices through sectional ownership

Tuesday, 15 May 2012 23:51 BY FRANCIS GICHUHI
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Nairobi's Hazina Estate. Photo/Chrispinus Wekesa

Land prices in Kenya's urban areas are rising fast. Yet, the citizenry needs to obtain land for their homes and investments – for if they don't, they will keep earning to pay rents, and no savings. With the high land prices at the moment, chances are that some people will never achieve this dream if the same old methods of acquiring land remain unchallenged.This is why we at a4architect.com have developed a Sectional Land Ownership metho...

Prime home prices stay strong in 2012

Tuesday, 15 May 2012 23:51 BY JAMES WAITHAKA
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PROFITABLE: Amboseli Apartments in Nairobi’s Kilimani. area, a prime neighbourhood

Nairobi's luxury residential market is expected to remain among strongest performers in 2012, according to the latest Knight Frank Residential Index. The first quarter report however showed prime residential property prices in Kenya's capital remained unchanged between December 2011 and March 2012. The high-end segment nonetheless recorded double-digit growth in the six months to March at 11.6 per cent.The global report says the value of prime...

More buildings now installing solar equipment

Wednesday, 09 May 2012 16:52 BY STAR CORRESPONDENT
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Uptake of solar water heating systems in residential and commercial buildings is on the rise as builders comply with 2010 energy regulations. The Solar Water Heating Regulations 2010 require all premises with hot water requirements exceeding 100lts daily to install the systems for use. The regulations were meant to enforce energy efficiency across the country by cutting reliance on grid power and freeing it for use in other areas. Solar e...
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