Real estate developer Superior Homes Kenya has signed an agreement with KCB Bank Kenya to bolster the mid-income and premium housing market segments.
Under the agreement, KCB Bank will provide mortgage financing for Superior Homes Kenya’s mid-tier and premium housing projects, offering structured repayment plans, extended tenure options, and dedicated customer support to streamline the application and approval process.
The partnership leverages the Kenya Mortgage Refinance Company (KMRC) facility, enabling up to 105% borrowing to cover mortgages and closing costs.
“Whether you’re a first-time buyer, an investor, or living abroad, this partnership makes homeownership more accessible and financially sustainable while supporting Kenya’s housing agenda,” said Superior Homes Kenya CEO Shiv Arora at the signing.
Kenya’s real estate sector now accounts for 6.7% of GDP, up from 4.1% in 2020. However, mortgage uptake remains low, with most Kenyans relying on personal savings to finance home construction.