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.
Riverbank Apartments' prices start at Sh15m for the smallest unit.
Developer trust issues are increasingly stopping people from signing off plan deals.
The Sh4.2bn mall that was completed in 2017 is yet to sign its first anchor tenant.
Mi Vida Homes will have three 13-floor blocks sitting on 4.5-acres at Garden City.
The project includes 60, 100, and 40 units of one-, two-, and three-bedroom units respectively.
Too few residents have the financial capacity to shop at the facilities regularly.
Companies are increasingly selling their buildings and renting spaces to unlock capital.
Palm Exotica, a 61-floor luxury hotel-cum-residential project, will cost Sh28 billion.