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139 articles in Real Estate News · page 7 of 12
Parliament Seeking To Introduce Taxing of Freehold Title Deed, NLC Opposes This
A freehold title deed does not have time limitation on ownership of the property. One owns it indefinitely. The bill seeks to force holders of freehold title deeds to pay an annual fee over and above land rates. The National Land Commission, led by its CEO Kabale Tache, oppose the bill citing double taxation. The National Land Commission (NLC) has raised objections to a proposed amendment that could significantly affect property owners in urban areas. Sponsored by Majority Leader Kimani Ichung’wah, the Land Laws (Amendment) Bill 2023 seeks to introduce an annual levy on freehold land within or near urban zones. READ ALSO : Land Laws Amendment Bill 2023 (What you need to know about the Proposed Increase in Land Rates)
Mombasa Gate Bridge Project – Changing the Landscape of The Coastal Region
Last month, Mr. Hiroshi Ogihara, the Head of Mission in the Japanese Embassy in Kenya, led a delegation to discuss the implementation of the Mombasa Gate Bridge project with Engineer Joseph Mbugua, the Principal Secretary for Roads. The delegation, including Mr. Shubane Makoer from the Japanese International Cooperation Agency (JICA), deliberated on the necessary steps to kickstart the project, which aims to bridge Mombasa Island and South Coast, enhancing connectivity over the Likoni Channel. Table of Contents Boosting Transportation and Real Estate Funding and Immediate Construction Commencement Infrastructure Details and Environmental Impact
BuyRentKenya Partners with mTek-Services to Revolutionise Home Insurance in Kenya
BuyRentKenya, the trusted real estate company in Kenya, is excited to announce its partnership with mTek-Services , a cutting-edge insurtech company specializing in digital online insurance solutions. This collaboration aims to transform the landscape of home insurance in Kenya by introducing a fully digital, paperless ecosystem for customers. Buy Home Insurance Online
Chinese Property Developers Association Launches in Nairobi, Stirring Controversy
Chinese investors have officially inaugurated the Kenya Chinese Property Developers Association (KCDA) in Nairobi, marking a significant step in the nation’s real estate sector. The launch, held amid pomp and pageantry, heralds expectations of enhanced property development, promising well-planned, organized, and cost-effective projects. READ ALSO : Tatu City Strengthens Kenya-China Relations with Investments Zhang Jiaping, President of KCDA, described the association as a platform aimed at serving society and advancing humanity’s interests. “ We are committed to promoting the healthy development of the real estate industry, offering sustainable housing solutions ,” Zhang emphasized. In alignment with government regulations, Zhang assured that KCDA projects would adhere to approved plans, prioritizing
What is The Procedure For Changing The Old Title Deed To The New Digital One?
Digitization of title deeds is gaining momentum in Kenya, but one must first understand the process of converting old title deeds to new digital ones before delving into the entire procedure. READ ALSO : 5 Cheapest Areas to Buy Land in Kenya Table of Contents When did the digitization take effect? Procedure for changing the old Title Deed to the new Digital one Procedure for checking the Digital Title Deed Advantages of having a Digital Title Deed The most asked question about digitization of lan
Navigating Kenya’s Real Estate Landscape From Ms. Eunice Macharia’s Perspective.
Table of Contents Insights from Estate Agents Registration Board Chairperson, Ms. Eunice Macharia The Cartel Conundrum Government Complicity and Challenges Estate Agents Registration Board’s Initiative Thorough Due Diligence: A Necessity Professional Assistance and Verification A Call to Action
Backup Battery vs. Generator: Which Emergency Power Option Is Better?
Unreliable power supply and frequent power cuts have been longstanding issues in many parts of Kenya. This situation has significant impacts on the daily lives of people, as it affects various aspects such as lighting, cooking, communication, and access to essential services. Additionally, businesses and industries often face challenges in maintaining consistent operations due to these power interruptions. Efforts have been made to address this issue, including initiatives to improve the country’s power infrastructure and promote alternative energy sources like solar power. READ ALSO : First Hydrogen Power Plant in Kenya However, progress in this area can sometimes be slow and uneven, leaving many households and businesses still vulnerable to the ef
Discover Konza City in Machakos, Kenya: Africa’s Visionary Smart City
Nestled just 64 kilometers south of Nairobi, a groundbreaking city is taking shape, promising a vibrant future for Kenya. Konza Technopolis , previously called Konza Technology City, a visionary mixed-use project that has been in development for 13 years , is set to position Kenya as a technology leader in Africa and globally. What sets Konza Technopolis, dubbed the Silicon Savannah, apart is its focus on becoming a smart city, a hub of innovation in technology, research, and education.
The Alba Garden Apartments in Kilimani
Nestled in the heart of Nairobi’s Kilimani area, Alba Gardens stands as a testament to simplicity, comfort, and modern living. This apartment complex is not just a place to reside; it’s a smart investment waiting to happen. View Alba Garden Apartment Project Details Table of Contents Location Affordability Amenities Completion Date Limited Availability Investment Potential A Perfect Home Location One of the
The ‘Scariest’ Railway Tunnel in Kenya
Looking for an adrenaline-pumping adventure just an hour’s drive from Nairobi? Allow us to introduce you to the legendary Buxton Tunnel in Kabuku, Limuru. Table of Contents A Hauntingly Thrilling Journey Tales of Haunting and Mystery A Tourists Experience: Walking Across Police Escort: A Must for Safety About the Buxton Tunnel Directions to Buxton Tunnel From Nairobi Personal Transport Public Transport What to W
The Largest Floating Library in The World Arrives in Kenya
The MV Logos Hope is a passenger ship built in 1973 and currently sailing under the flag of Malta with a floating library has arrived in Mombasa. In our ever-evolving world, even the most traditional concepts are discovering new ways to remain relevant. The recent arrival of the MV Logos Hope in Mombasa, the world’s largest floating book library, exemplifies this trend. This extraordinary vessel, which redefines the concept of a stationary library by embarking on a global adventure, is not only revolutionizing our perception of literature but also catalyzing innovation within the real estate sector. Kenyan book enthusiasts are now gearing up for a 45-day extravaganza as the MV Logos Hope docks in Mombasa. Operated by the German-based non-profit organization GBA Ships, this 132-meter-long floating library, with approximately 350 individuals o
Construction Resumes on The Tallest building in The World
In the heart of Saudi Arabia, a dream is once again becoming a reality. The Jeddah Tower , has officially resumed its journey towards the sky after a five-year hiatus. This extraordinary structure, set to be the world’s tallest skyscraper, is not merely a building but a symbol of possibility, innovation, and the relentless pursuit of progress. READ ALSO : The Giants of Nairobi: Top 5 Kenya’s Tallest Buildings