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Invest in KMA Housing Cooperative

KMA Housing Cooperative

Share Capital: KES 1000000

Non-Regulated

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Trading

  • Total Assets0
  • Total Deposits 0
  • Gross Loans 0
  • Total Income 0

In Brief

  • Average Share Price
  • Existence 8 years
  • Shares Bid 0
  • Shares Offered 0

In Summary

KMA Housing Co-operative Society was started in 1981 as a response to a felt need among doctors. This followed an industrial in the medical fraternity where doctors were evicted from government houses and their families incarcerated as the government’s strategy to force them back to work.

Banks could not lend to doctors because their salaries at the time were not attractive. KMA Housing was hence developed to offer affordable housing for doctors.
Since its inception, it has provided housing to many doctors in projects that include South C that was completed in the 1990s and has 61 units that sold at between Kshs 1 and Kshs 2 million each.

The Langata Otiende Project was the second one. It was completed in 2004 and has a total of 112 units all maisonettes which cost between Kshs 3.9 and Kshs 4.5 million. The project cost Kshs 400 million.
Riara Road, now called Bamboo Lane Apartment Management Company Limited, was the third project. The project has 52 apartments all three bedrooms each costing Kshs 5.9 million. It was completed at a total cost of Kshs 300 million.

The Society has just completed the construction of 160 apartments at Mtwapa with a cost of approximately Kshs 1.2 billion. Each house will go for Kshs 8.3 million.
 

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Free support: +254 723 373999   |   Email: shares@asx.co.ke

Get In Touch

Address: P.O. Box 773-00517, Nairobi, Kenya.

Phone: +254 723 373999

Email: shares@asx.co.ke

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