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How super-rich’s appetite for luxury drives up home costs
Sultan Palace homes in Kikambala, Kilifi County. Villas are selling at Sh80 million each and so far, six of the 11 houses have been sold. photo | courtesy
Kenyan property dealers’ penchant for luxurious and exclusive residences in the cities of Nairobi and Mombasa has strummed an interesting high price chord.
Cytonn Investment’s Sh1 billion Amara Ridge gated community in Nairobi’s Karen where 10 villas were built on a half-acre parcel each was snapped up five months before its completion.
