City building approvals drop Sh21bn in 5 months

A housing project. FILE PHOTO | NMG

The value of building plans approved by the City County of Nairobi in the year to May declined by Sh21 billion, or 16.2 per cent, compared to similar period a year earlier as developers grew jittery months to Tuesday polls.

Fresh data collected by the Kenya National Bureau of Statistics shows the county approved plans valued at Sh105.69 billion in the five months, down from Sh126.31 billion in the comparable period last year.

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Note: The results are not exact but very close to the actual.