Governor William Kabogo has urged local and foreign investors to invest in Kiambu’s real estate sector promising them incentives.
Speaking during the ground-breaking ceremony for Cytonn Real Estate Housing project in Ruaka on Tuesday, Kabogo said that the county will give incentives and provide support to investors willing to invest in the real estate sector.
Kabogo noted that rising population in the county warrants more investments in the real estate.
“We want to encourage both local and foreign investors to invest in Kiambu and help promote the real estate sector,” said the governor.
Kabogo noted that his government was working on various strategies that will improve the housing sector. He stated that the government was keen to ensure that residents have access to better housing conditions.
He added that plans are underway to upgrade informal settlements in the county.
“Access to better housing is a right of every citizen and as a county we are determined to ensure that our people live in better houses,” said Governor Kabogo.
Kabogo indicated that already adequate funds have been set aside for housing sector. He urged contractors putting up buildings to ensure that they adhere to the laid down standards.
He stated that the move will curb cases where building collapse due to poor construction.
Kabogo urged the county housing officials to ensure that all buildings being put are authorised.
Cytonn's project aims to construct 408 modern apartments in Ruaka to provide affordable housing to locals.