The estate comprises 30 Swedish style villas set on 8.5 acres of land overlooking Lake Victoria.
Two overseas firms have spread their wings into Kenya in the past three months.
The houses are selling off-plan for between Sh9.25m and Sh10.5m.
The ambitious project is expected to greatly raise the profile of Machakos County.
This technology also reduces period of home building from 12 months to six months.
114 applications were received for the 104 apartments that were being sold off-the-plan.
The investors are required to complete the project over a maximum of six years.
The homes, costing Sh1m for a two-bedroom unit, will be built on 1,000 acres in Athi River.
Development comprises 81 residential houses, of which 20 were completed in phase one.
The planned gated development will be built in three phases.
Talks are underway for China to fund a new highway and rail extension.
The Chinese-funded Orpower 22 power plant will take 17 months to complete.
Bedsitters will rent for Sh3,200 per month on a 30-year rent-to-own plan.