Real estate developer Superior Homes Kenya has signed a deal with KCB Bank Kenya to support the mid-income and premium housing market segments.
- •Under the terms deal, KCB Bank will offer mortgage financing for Superior Homes Kenya’s pipeline of mid-tier and premium housing projects.
- •This includes structured repayment plans, longer tenure options, and dedicated customer support to guide homebuyers through the application and approval process.
- •The deal will utilise the Kenya Mortgage Refinance Company (KMRC) mortgage facility which allows for 105% borrowing to cover mortgages and closing costs.
“Whether you are a first-time buyer, an investor, or living abroad, this partnership brings you one step closer to being a homeowner in a financially sustainable way, while also contributing meaningfully to the country’s housing agenda,” Superior Homes Kenya CEO Shiv Arora said during the signing.
Kenya’s real estate now contributes 6.7% of the country’s GDP, up from 4.1% in 2020. Despite this growth, the number of mortgages remains muted, with most Kenyans choosing to finance home construction through personal savings.
