Nairobi auctioneers have put on sale a Sh1.19 billion residential estate in upmarket Kitisuru estate, citing the developers’ failure to settle a bank loan.
The notice, published by Valley Auctioneers, invites potential buyers of the estate to attend a fire sale event on February 15, signalling distress for off-plan investors who were to pay Sh10 million for the homes and have since been booking big gains in their investment.
