By: DAVID MUCHUI
The Kenya Medical Association (KMA) SACCO’s housing arm has launched phase one of its fourth real estate project in Mtwapa, Kilifi county.
KMA Housing Cooperative Society together with Shelter Afrique is implementing the gated community project as it seeks to reap from the national housing demand.
About 70 per cent of the Mtwapa project units have been sold out to medical personnel while 30 per cent is now open for sale to the general public.
Its launch is aimed at pushing for the uptake of the 30 per cent of the remaining units. The Mtwapa housing project comprises of 160 units of two bedroom en suite apartments. The gated apartments feature a swimming pool, gym, restaurant, business centre, sewer treatment plant, a bore hole and ample parking.
The project kicked off in August 2014 and the second phase is expected to be complete in April 2016.
So far KMA Housing has provided houses for more than 300 doctors. KMA Sacco implemented the first housing project, South ‘C’ Mugoya Estate, in the 1990s.
The estate is made up of 61 maisonettes done were sold out to doctors who had been thrown out of government houses leading to the formation of the Sacco.
The Otiende Langata Estate was the first to be constructed at a cost of Sh300 million was completed in 2004. It comprised of 111 maisonettes, a nursery school, Shopping area and two bore holes, in a gated community. In 2008, the Sacco completed the Riara road project, a 52 apartments at a cost of Sh280 million.
The apartments are served by a big play area for the children, ample parking area, bore hole and good security arrangement enhanced with a perimeter wall.
KMA Housing has also acquired 47 acres of land at Kitengela in Kajiado County where its fifth project will be located.
KMA SACCO is the single largest financial service provider for doctors and has more than 3,800 members across the country and an asset base of about Sh1.7 billion.
SOURCE: DAILY NATION