Pan-African housing financier Shelter Afrique is eyeing millions of shillings from a repeat auction targeting 112 residential units spread in five counties after developers defaulted on payments, pointing to economic difficulties in the real estate sector.
Shelter Afrique has invited bids for a private auction set for September 19 as it seeks to dispose 10 units in Pine city, Athi River, 27 units under Kenya Medical Association (KMA) Housing in Mombasa, 15 in Serene Valley in Rironi, Kiambu, 11 in Eden Beach Mombasa and 49 under Translakes Estate in Kisumu.
