We spent a day at Cytonn's stunning Sh100million contemporary villas in Karen
The whole Amara Ridge project cost Sh1,000,000,000 ($10,000,000).
Cytonn Investments held the open day of their distinct and luxurious community development in Karen with a ready showhouse, where they handed over the contemporary villas.
The whole project cost about Sh1000,000,000 ($10,000,000) and Cytonn’s Partner and Chief Investment Officer Elizabeth Nkukuu who was at hand to offer tours across the expansive property said the uptake has been great.
“Actually the demand has been great and the feeling is amazing when you see clients come and are happy with what we have done, this has led us to start looking at what other projects we can do because we belive there is still room for this kind of development especially for people who don’t want a lot of houses in one compound maximum ten to five houses” she said.
The villas come in two distinct styles; Classical and Modern, classical houses have been constructed with Roman architecture in mind while and Modern houses just like the name suggest is more contemporary and come with flat roofs compared to classical houses which have traditional slanting roofs.
Apart from their exterior differences, the prices are the same and the interior is also largely the same.
The houses comes with 5 bedrooms, 1 study room, 2 sitting areas, 2 servant quarters, 1 entertainment area, 2 kitchens, 2 dining areas.
Other facilities inside the house include clock rooms, several washrooms, walking closets for master bedroom, Jacuzzi, swimming pool, balconies, and a large back yard to mention but just a few areas.
The villas don’t come cheap and cost Sh100,000,000 ($1,000,000) but for the first people who invested in the eight five type villas at Amara Ridge with most of them already completed, they were given a slight discount.
“For the first people who bought the houses they actually bought the houses at about Sh90million ($900,000) and we are currently selling the house at about Sh100million, the last house was actually sold at Sh112, 000 000 ($1,120, 000)”
After selling the houses, Cytonn Investment through Cytonn’s facilities management will manage and service the property for at least three years.
“We shall be providing security and serving the property because we want to maintain the look and feel of this property which will be done at the cost of the house owner” Ms.Nkukuu added.
Cytonn Investment intends to carry out similar real estate projects in Kenya’s capital at least for the next foreseeable future.
“We have concentrated largely in Nairobi and its metropolises because we still think that the Kenyan economy is still largely concentrated in Nairobi despite devolution so most of our projects are in Karen for high end, Kiambu for middle income and we have another project coming up in Athi River but we are also doing our county strategies and we planning to open our offices in Nyeri, Eldoret in Rift valley and Western Counties from next year”
The Kenyan real estate sector is by far the most thriving sector and has attracted local and foreign investment in recent years due to its high returns.
Here is a rare glance inside the Sh100million Cytonn's contemporary villas.
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