Tatu City land price rises to Sh10.5m per quarter acre
The price of land at Tatu City real estate in Kiambu has jumped by nearly a third to Sh10.5 million per quarter acre over the past 18 months after the developer recorded brisk sales last year.
The developer, American firm Rendeavour, Thursday said that individual buyers snapped up 148 plots last year, or nearly half of what has been sold over the past three years, revving up demand and prices.
The residential land, dubbed Kijani Ridge, is part of Tatu City’s upcoming mixed-use development of a satellite city that will feature high-end homes, private schools, offices, shopping malls, hospitals, hotels, light industries and entertainment spots.
The land price for aspiring homeowners appreciated to Sh10.5 million per quarter acre plot from Sh8 million a year ago, according to Rendeavour Country Head Nick Langford.
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