Most prospective buyers have not been remitting any monthly contributions.
The Sh1.9 billion 'village' project was launched in March 2014.
Controversial rent control ideas are emerging across major cities.
HFDI will quit construction business later this year after completing ongoing projects.
These facilities allow businesses the opportunity to operate inexpensively in a prime address.
The government was seeking to raise Sh57 billion annually from 2.5 million workers.
Each of the two-bedroom houses under phase one of the project will be sold at Sh3 million.
New law orders counties to punish applicants who fail to complete projects within five years.
Changes to Nairobi's rezoning laws have led to widespread demolition of old bungalows.
The Kenyan real estate sector is increasingly a tale of tears and shattered dreams.
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.