Developers are now shifting their focus to the low cost housing market segment.
The facility will be located about 100 metres from Garden City Mall.
The project will involve construction of 560 apartments on 14 blocks at Clay Works.
The New Kisii City seeks to address the region's housing shortage.
Investors are rolling out dozens of projects targeting middle income and lower income earners.
The contractor is finalising the erection of wall barriers along the bypass adjacent to Kibera.
Companies heavily invest in prefab houses for low and middle-income Kenyans.
The building will be taller than the recently completed 163-metres-high UAP Tower.
Investors are trying to recoup some returns to meet their financial obligations.
This is the second mega shopping facility to come up in Machakos after Crystal Rivers Mall.
Developers will be allowed to build up to 75 floors in high-density areas.
The much-awaited summit will take place on June 12-13, 2025.
All development applications will now require residents' approval.