Rwanda’s real estate is
booming taking advantage of the country’s good performance in the aggregate
economic growth over the past five years. The sector contributes more than
seven per cent to the national GDP, and the sector has been growing by 9.5 per
cent annually because of sustained expansion in private construction and public
works. ALSO READ: Want buy land? Here’s the abc of land transactions Speaking
at the Rwandan Liberation Day, the Rwandan Ambassador to Kenya James Kimonyo
welcomed Kenyans to invest in the country and take advantage of not only the
positive business environment but be part of the cleanest city in Africa.
Recently real estate firm in Rwanda, Century Real Estate, held a public
marketing event at a Nairobi hotel to get the wider East African market to buy
into real estate in Rwanda. “We are a one stop shop agency for real estate in
Rwanda and we are offering the prices far much lower than the ones one would find
in Nairobi for the same kind of a home,” said Century Real Estate’s Managing
Director Charles Haba. Take for instance one of the projects on offer at the
exhibition, Century Park Hotel and Residences located in Gasabo District,
Remera Sector in Nyarutarama. This a affluent suburb in Kigali. Avoid becoming
a victim of Fake News. Subscribe to the Standard Group SMS service by texting
‘NEWS’ to 22840. High-end neighbourhood A 105 square metres two-bedroom
apartment with an en-suite master bedroom, en-suite guest bedroom and living
and dining area with a balcony was selling at Sh16.6 million. A 138 square
metres three bedroom costs Sh 21.7 million and a 210 square metres four bedroom
units costs Sh34.9 million. Rwanda’s land tenure regime, also, has a longevity
safety net of a renewable 100 years lease. Other properties on offer during the
exhibition included Gisozi Heights, Eastern Estate Homes, Izuba City, blue
Tanganyika, Gatehills estate, Residency One, the Residence as well as Kigali
Heights a commercial property in the heart of Kigali. ALSO READ: Golf: Kenya
helpless as archrivals Uganda win According to the Rwanda Development Board,
among the notable opportunities in the real estate and construction sector is
the implementation of the Kigali City Master plan. The plan that entails a
broad vision and guidelines for the entire city serving as the basis for more
specific planning at the District and the Central Business District. “It
presents the most advanced sustainability in land use, infrastructure, environment,
society and economy,” explained Mr Haba. KCB’s Mortgage Manager Beatrice Chege
said the bank has partnered with Century Real Estate to provide mortgage for
home buyers. “KCB mortgage product offers home ownership with a minimum of 10
percent deposit for first time home owners, minimum 20 percent deposit for
residential units under construction and 30 percent deposit for non-residential
commercial properties,” she said. goorido@standardmedia.co.ke
booming taking advantage of the country’s good performance in the aggregate
economic growth over the past five years. The sector contributes more than
seven per cent to the national GDP, and the sector has been growing by 9.5 per
cent annually because of sustained expansion in private construction and public
works. ALSO READ: Want buy land? Here’s the abc of land transactions Speaking
at the Rwandan Liberation Day, the Rwandan Ambassador to Kenya James Kimonyo
welcomed Kenyans to invest in the country and take advantage of not only the
positive business environment but be part of the cleanest city in Africa.
Recently real estate firm in Rwanda, Century Real Estate, held a public
marketing event at a Nairobi hotel to get the wider East African market to buy
into real estate in Rwanda. “We are a one stop shop agency for real estate in
Rwanda and we are offering the prices far much lower than the ones one would find
in Nairobi for the same kind of a home,” said Century Real Estate’s Managing
Director Charles Haba. Take for instance one of the projects on offer at the
exhibition, Century Park Hotel and Residences located in Gasabo District,
Remera Sector in Nyarutarama. This a affluent suburb in Kigali. Avoid becoming
a victim of Fake News. Subscribe to the Standard Group SMS service by texting
‘NEWS’ to 22840. High-end neighbourhood A 105 square metres two-bedroom
apartment with an en-suite master bedroom, en-suite guest bedroom and living
and dining area with a balcony was selling at Sh16.6 million. A 138 square
metres three bedroom costs Sh 21.7 million and a 210 square metres four bedroom
units costs Sh34.9 million. Rwanda’s land tenure regime, also, has a longevity
safety net of a renewable 100 years lease. Other properties on offer during the
exhibition included Gisozi Heights, Eastern Estate Homes, Izuba City, blue
Tanganyika, Gatehills estate, Residency One, the Residence as well as Kigali
Heights a commercial property in the heart of Kigali. ALSO READ: Golf: Kenya
helpless as archrivals Uganda win According to the Rwanda Development Board,
among the notable opportunities in the real estate and construction sector is
the implementation of the Kigali City Master plan. The plan that entails a
broad vision and guidelines for the entire city serving as the basis for more
specific planning at the District and the Central Business District. “It
presents the most advanced sustainability in land use, infrastructure, environment,
society and economy,” explained Mr Haba. KCB’s Mortgage Manager Beatrice Chege
said the bank has partnered with Century Real Estate to provide mortgage for
home buyers. “KCB mortgage product offers home ownership with a minimum of 10
percent deposit for first time home owners, minimum 20 percent deposit for
residential units under construction and 30 percent deposit for non-residential
commercial properties,” she said. goorido@standardmedia.co.ke
