Real estate developers support modern technologies to reduce construction costs

The use of obsolete technologies and the lack of cost-effective building solutions have been identified as factors hampering the rapid construction of affordable homes.

According to Heri Homes CEO Kimotho Kimani, the cost of construction in the real estate sector could be significantly reduced if industry players adopt the use of solutions such as aluminum formwork which has been identified as affordable compared to d ‘other materials.

“Using these kinds of construction methods, construction companies can build an eight-story building in 8 months, compared to 24 months with the brick and mortar method. With such technology, homeowners would get their homes faster than they normally would, ”he added.

According to Kimani, the government has supported real estate developers of affordable housing by ensuring the availability of horizontal infrastructure such as roads and sewers, including the expedited issuance of title deeds and the granting of value-added tax discounts. .

South Korean company Kumkang Kind introduced the aluminum formwork solution in Kenya and already has several projects underway in the country and on the continent.

Locally, the Korean company works with at least nine developers whose projects are spread across Kiambu, Eldoret and Nairobi.

KumKang Kind currently provides its solutions to Maisha Housing, Unity Homes, Ovid Construction and Urban Housing Renewal Development LLP.

Outside the Kenyan borders, KumKang Kind works with developers in Ethiopia, Ghana and Algeria.

Sam Muihia, Business Development Director of Kumkang Kind East Africa urged construction industry players to embrace new ways of building such as aluminum formwork.

According to Muihia, most Western countries have adopted building technology to provide affordable homes for their citizens.

PHOTO | Courtesy

“We cannot continue to use brick and mortar methods when technologies such as aluminum formwork have been available for over 40 years,” Muihia said.

Additionally, Bola Properties Managing Director Malei Nthiwa called for scaling up green solutions in Kenya to lower prices for potential buyers.

Nthiwa says nine out of ten Kenyans do not have a place to call, although affordable housing is an ongoing agenda of President Uhuru Kenyatta, a move attributed to the lack of end-to-end technical solutions and solutions. profitable construction.

At the same time, Nthiwa urged industry stakeholders to embrace market aggregation to boost the growth of affordable housing in Kenya.

He said that to have affordable homes, all stakeholders should be brought together under one roof.

“In any project, you need finance, you need technical experts, and you need legal and vendor support. Unless the entire ecosystem of people in the construction industry come together and deliberate on how to move this industry forward, affordable housing will be just a dream, ”Nthiwa said.

Bola Properties promotes affordable housing solutions including aluminum formwork, prestressed concrete, precast concrete technologies, and water and solar power solutions.

The experts spoke at an event that brought together players from the construction ecosystem to deliberate on providing affordable housing in Kenya.

The World Bank estimates that Kenya needs at least 2 million social housing units per year.

Under the affordable housing program, the government has committed to building at least 500,000 housing units.