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September 22, 2018

Mtwapa's Billionaire Height targets low-income buyers

The 2.5 acres of land in Mtwapa acquired by Goldwyne Consult where the Billionaire Heights project will be established. The project will sit on half an acre and will cost Sh350 million.
The 2.5 acres of land in Mtwapa acquired by Goldwyne Consult where the Billionaire Heights project will be established. The project will sit on half an acre and will cost Sh350 million.

GOLDWYNE Consult has broken ground for a multi-million development in Mtwapa, Kilifi county.

The construction of the project which include a 10-storey apartment building with a shopping mall on the ground floor started this week.

The company’s chief executive Benedict Mutuku said the block will have 20 studio apartments, 60 one-bedroom and 70 two-bedroom units.

Sitting on half an acre, the project – dubbed the Billionaire Heights– will cost the firm an estimated Sh350 million. It is expected to be completed in two years.

Mutuku said 77 units, including 30 one-bedroom units, have been sold largely to buyers from Nairobi.

“This does not mean that Mombasa and Kilifi people are not buying or do not have the financial muscle. I think it is the risk-taking nature of Nairobi people that has made them buy the units,” he said after the ground-breaking ceremony last Saturday. “Coast people are generally known for taking their precious time on anything.”

The Billionaire Heights will be Goldwyne Consult’s second project at the Coast, after developing another 10-storey block at Bamburi in Mombasa county.

Mutuku said the firm targets low-income earners and has come up with a unique way of designing the projects to optimise on limited land.

“Nobody is concentrating on the low-income earners. People are going for the high-end and middle-income earners,” the CEO said.

Most of the designs for the Billionaire Heights do not include space for corridors and unnecessary walls, a plan he said will help save on space and reduce construction cost.

“The days for closed kitchens are long gone. Our kitchens are open ones where one can easily have access from the living room,” Mutuku said.

The corridors in modern houses, he insisted, are a waste of space and money.

“Instead of designing a house with a corridor, the space where the corridor would be is transferred to the living room or the bedroom,” he said. “That is why our designs usually have larger living rooms and bedrooms. The living space is the most important.”

The Billionaire Heights will be situated opposite Club Lambada along the Mombasa-Malindi highway.

Goldwyne Consult secured 2.5 acres of land where the project will be put up. The other two acres will be developed later, Mutuku said.

“We have been forced to move our project at least eight metres from the road reserve to avoid future problems. There will be ample parking for clients,” he said.

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