A residential estate in Nairobi. FILE PHOTO | FILE
Residential houses dominated the Sh53.5 billion building plans
requests filed at City Hall for approval in the first six months of
2017.
A Kenya Property Developers Association review
shows 74.21 per cent of the 1,140 applications came from private
residential house developers.
Commercial class
buildings took 5.44 per cent while public class that mostly comprises
religious and social hall projects took nine per cent with industrial
class taking 10.4 per cent.
A mixed-use development
project by Rossyln Properties valued at Sh5.4 billion was the most
expensive project approved. Some 868 of the building plans approved were
residential properties valued at between Sh1 million to Sh50 million.
However,
the developers’ lobby group decried the slow pace of approvals, which
it noted took an average of 52 days per project with 13 per cent of
plans taking more than three months.
Another 14.2 per
cent of the building plans were approved within seven days while 14.3
per cent were approved by the second week, with only a quarter of the
plans being processed within a month.
Some
32 per cent of the applications were approved within three months while
11.4 per cent took up to a year to get approved. Another 2.4 per cent
of the projects took more than a year to get approved.
The
upmarket Karen suburb had the highest number of approvals in the
residential and commercial category, showing a major leaning by
developers toward the middle- and high-end market.
Upper Hill, Westlands, Lavington and Kilimani were reported as leading spots for residential developments in that order.
Industrial
Area saw a high demand for industrial developments among them
warehouses and industries but surrounding towns in Nairobi’s
metropolitan region had the highest residential and public use class
developments.
The report, which seeks to promote
expeditious processing of building plans approvals to spur construction
activities in Nairobi, said the county government could earn more than
the Sh493.9 million realised during the period under review if the
specialist committee appointed by the urban planning development
expedited its processing ability.
No comments :
Post a Comment