Kensington Africa Limited, real estate business giant, has announced the completion of their multi-million housing project – Kensington Luxury Heights – in Kyanja, outside Kampala city in Uganda. Kensington Real Estate is a key player in Uganda’s real estate scene. It is an international corporation with offices in Kampala, Dubai and London, with sister concerns in Ghana and India.
“Our plan is to sell the entire 149 houses and move to new projects in and around Kampala,” Ms Stephanie Kwibuka, the General Manager said.
Kensington Luxury Heights introduced to the market a concept of purchasing your home ‘Off Plan’ meaning that buyers were offered an option of selecting their home location from the master plan. This being the first of its kind in Uganda and has presented its self as probably the best residential development in Uganda today.
The Kensington Luxury Heights has luxurious houses, bungalows and villas all in a well-structured environment with all social amenities like shopping mall, schools and sports facilities. The houses range from two to five bedrooms and available for purchase at between $89,000 and $289,000 and from $700 to $1,500 per month for renting.
“Kensington believes that a home is much more than the bricks and mortar used that go into the physical structure. Therefore the homes built in Kensington’s estates offer benefits that cannot always be measured, but which immeasurably enhance their quality of life,” Kwibuka explained.
Kensington has mortgage arrangements with Barclays, Equity Bank, DFCU Bank, Standard Chartered Bank, Stanbic Bank and KCB Bank Uganda that their customers can use. However, customers are free to use banks of their choice to get mortgages.