national housing corporation presentation at the kenya uk sacco agm on 8 th november, 2014 by anne...
TRANSCRIPT
NATIONAL HOUSING CORPORATION
PRESENTATION
AT THE KENYA UK SACCO AGM
ON 8TH NOVEMBER, 2014
BY
ANNE SARUNI
NATIONAL HOUSING CORPORATION KENYA
Introduction
National Housing Corporation (NHC) is a statutory body established by an Act of Parliament Cap. 117 of the Laws of Kenya.
The primary mandate of NHC is to play a principal role in the implementation of the Government’s Housing Polices and Programmes.
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Mission and Vision Mission and Vision
Vision Sustainable and decent housing
for Kenyans
MissionTo efficiently provide and facilitate
access to innovative housing solutions
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PRODUCTS AND SERVICES◦Tenant Purchase Housing Scheme◦Rental houses◦Houses for direct sale (Mortgage)◦Rural and Peri-urban housing loans◦Site and service schemes◦Undertaking project management◦Provision of building plans to Customers
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PRODUCTS AND SERVICES cont…◦Provisions of Project and Estate management Services
◦Supervision of Building Construction
◦Manufacture of EPS panels for Building construction
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Trust: The Corporation is wholly owned by the Government thus its sustainability is highly certain
Experience: NHC has a long history in housing development
Proven Record: NHC’s developments are evident
Why purchase houses from NHC
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Why purchase houses from NHC cont....Direct Bank Transfer: Kenyans
abroad can purchase a house while it is under construction by making installment payment through our bank account.
Finance: Financiers are readily willing to provide long-term finance for our projects.
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Recently completed and sold NHC Projects
Project Name Units
Madaraka, Nairobi 540
Nairobi West 182
Kakamega 80
Kisii I 40
Langata Phase IV 110
Langata Phase V 125
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11. . Madaraka Sectors B,C,D,EMadaraka Sectors B,C,D,E
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22. Nairobi West Apartments
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3. 3. NHC Kakamega Court NHC Kakamega Court ApartmentsApartments
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4. 4. NHC Kisii Phase NHC Kisii Phase II
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5. NHC Langata Court Phase IV 5. NHC Langata Court Phase IV
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NHC’S On going House NHC’S On going House Projects Projects
Project Name Units Provisional Price
Langata VI 80 2 BR- 6.0 m
Kisii Phase II 40 2 BR- 4.0
TOTAL 120
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NHC’S UPCOMING PROJECTSNHC’S UPCOMING PROJECTS
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Project Name Units Provisional Price
Kisumu Kanyakwar I
100 2 BR- 4.8 m3 BR – 6.6m
Stoney Athi Phase 1 120 9.5 – 11m
Stoney Athi Phase II 200 12.5-13.5m
Kibera Mixed Development
78residential 79Shops
2 restaurants
3.5- 5.5m3.7- 7 m12-13m
Kisumu Kanyakwar II
600 1 BR- 3.4 M2 BR- 4.8 m3 BR – 6.6m
Langata commercial 36 residential
Shops Food court
Supermarket
Prices to be determined
before project commencemen
t
NHC’S UPCOMING PROJECTS cont...NHC’S UPCOMING PROJECTS cont...
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Project Name Units Provisional Price
Changamwe 2000 Prices to be determined
Meru MixedDevelopment
60 ResidentialCommercial
space
Prices to be determined
Nyeri MixedDevelopment
40Commercial
space
Prices to be determined
Nakuru MixedDevelopment
40Commercial
space
Prices to be determined
TOTAL 3276
1. Langata MUD / The Mall Cum 1. Langata MUD / The Mall Cum Residential – PictorialResidential – Pictorial
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2. Langata VI Apartments- Typical 2. Langata VI Apartments- Typical ElevationElevation
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3. Kisumu Kanyakwar Apartments – 3. Kisumu Kanyakwar Apartments – Google mapGoogle map
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Kisumu Kanyakwar Apartments – Phase I–Kisumu Kanyakwar Apartments – Phase I–Sample ElevationSample Elevation
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Kisumu Kanyakwar II (600 units)
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4. NHC Stoney Athi Court – 4. NHC Stoney Athi Court – Google MapGoogle Map
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NHC Stoney Athi Court –Unit Type A – Facades
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NHC Partnership Project - NHC Partnership Project - Sunset Boulevard Apartments Sunset Boulevard Apartments Location: Mombasa Road, Athi RiverAccommodation: 1br, 2br & 3brPrices:1br- Kshs. 2.7M- 3.2M (Avg. 32,900 USD)2br- Kshs. 3.8M- 4.7M (Avg. 47,400 USD)3br- Kshs. 5.4M- 6.6M (Avg. 67,000 USD)Expected rental rates1br- Kshs. 18,000.00 per month2br- Kshs. 25,000.00 per month3br- Kshs. 32,000.00 per month
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FeaturesFeaturesCar free zonesShopping centrePlaying GroundEducational centre24/7 security & Electric fenceSwimming poolNatural lightingLush mature gardenBorehole & Water towerProximity to social & industrial
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The Sunset Boulevard The Sunset Boulevard project imagesproject images
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Modes of saleModes of saleThe houses shall be sold through: -
(a) Outright sale - This is where the purchaser pays 20% of the purchase price as a deposit and pay the rest within 90 days from the date the house is ready for sale.
(b) Tenant Purchase (TP) – is where the purchaser pays 10% deposit and then pays the balance of purchase price monthly at 13% for 18 years.
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POSSIBLE AREAS OF ENGAGEMENT◦Consultancy Services – Designs and approvals, project management
◦Partnership under the Public Private Partnership Act – Kenya Diaspora partnering with NHC in realizing their investment dreams
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POSSIBLE AREAS OF ENGAGEMENT cont…◦New Technology – Partnering with NHC in introduction of new/innovative building technology (Research and Development)
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Q AND A? Q AND A?
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THANK YOU THANK YOU
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