Buxton housing project the largest and the fourth low cost housing project in Kenya after Park Road Shauri Moyo and Starehe housing project in Nairobi has been launched.
The project has received government support and it will be exempted from a number of taxes and VAT on building materials to be used in the construction.
The Sh6.3 billion Mombasa Buxton House project with 1,900 low-cost houses units will feature one, two- and three-bedroom units .
The project which will be the largest after the 1,370 on Park Road in Nairobi is one of the projects approved by President Uhuru Kenyatta in his bid to have affordable housing, under his big four agenda.
The government has already negotiated with eight commercial banks to offer a one-digit mortgage deal for the financing of the largest affordable and social housing project in Kenya which will benefit the Buxton houses buyers as sales window opened on Wednesday.
Housing and Urban Development Principal Secretary Charles Hinga said the project will unlock another Sh50 billion that will come from the Real Estate sector alone in Mombasa which will spur economic activity in Mombasa.
“This is the largest project in Mombasa after the Park Road projects and it will create business opportunities for suppliers in excess of Sh4 billion across Mombasa, Kilifi and Kwale,” said Mr Hinga.
Mr Hinga said the government is also intending to construct another houses in Changamwe Mombasa due to increasing demand of the houses.
“Buxton house project is of National government importance and contractor has received certificate of Tax and VAT exemptions on a number of building materials apart from having all approvals fast tracked,” said the PS.
Sales opened on 5th May and individual looking to buy the house must register with Buxton Point make down payment starting May 12th and the buyer must deposit 7 per cent of the amount based on the unit of choice.
“We have had a number of inquiries but we would like to assure loclas that selling price and payment plan for former residents of Buxton remain as earlier agreed despite increasing demand of houses,” said lead investor Suleiman Shahbal.
The low-cost houses consist of 600 one-bedroom units of 35 square metres selling at Sh2.3 million whereas 700 two bed-room units measuring 55 square metres each selling at Sh3.6 million each.
Those intending to buy three bed-room house will be expected to pay Sh4.7 for a house constructed in a 72 square meters where the investor is putting up 600 units of such.
The Buxton Point project is designed to offer modern and value living complete with state of the art finishes all while remaining affordable. With open spaces and beautiful walkways coupled with elegant community areas, Buxton Point has been meticulously designed to suit all your needs.
Mombasa county CEC for Lands, planning and housing Taufiq Balala said the county faces a deficit of 21,000 housing units annually which require approximately sh30 billion to construct thus the reason for partnership with the private sector.
Balala also reiterated the county government’s support in the project saying they are also going to redevelop all the 10 county estates among them Buxton, Changamwe, Likoni and Khadija.
“So much has been said about the county government concerning this project. I would like to assure all of you that the county government fully supports this project and that is why I’m here to represent the governor who is abroad” said Balala.
On his part the developer and Chairman of the project Suleiman Shahbal revealed that some individuals have already started expressing interest in the units with some 1,253 units from the planned 1,900 having been already purchased off plan.
“If you have ambitions to own a unit you must now hurry and not blame me later” said Shahbal.
Shahbal further noted that a total of 3,000 youths are expected to directly benefit from jobs from the project for the next one year.
