Real Estate firm, Mizizi Africa Homes has today announced its Sh. 54 Million off-plan housing project, Penguin Estate, has completely sold out within three months after launch.
The company attributes the faster than normal uptake of its units to growing interest and preference in off-plan units over the last quarter of 2019 as customers shied away from costlier finished units on the back of unfavorable economic climate.
Mizizi Africa Homes Finance and Operations Director, George Mburu noted that prospective homeowners were also looking for high quality finishes and trustworthy developers with clear and open project implementation plans.
Construction of Penguin Estate started in October 2019 and is expected to be complete by July 2020.