News and Updates
Mtwapa Pride Apartments Phase III Launch
Hand over of low budget Studio Apartments in Mtwapa amidst COVID 19 and off-plan scandals that have affected developers across Kenya.
SOLIAN LIMITED is an investment company based in Kenya with offices in Nairobi & Mombasa. SOLIAN has been involved in 24 projects since inception and has positively impacted over 300 families in their journey to home ownership.
SOLIAN exists to create True Value, True Wealth by investing in Superior returns opportunities in Kenya that targets low to medium-income earners by providing access to decent and affordable housing. We avail development-ready and value-added properties on the buy-build concept in and around urban areas.
With Kenya having a housing deficit of over 200,000 units annually within the low to medium income levels, SOLIAN has stepped in to develop quality and affordable housing units in and around urban areas in Kenya with emphasis in the Coast region.
In response to the government of Kenya BIG 4 Agenda on affordable housing, we embarked to provide a decent housing unit at Kes.995,000 through the development of Mtwapa Pride Apartments at the heart of Mtwapa, Kilifi County. The project comprises of 80 STUDIO APARTMENTS which were fully sold within 3 months off-plan in early 2019. Actual construction started in March 2019 and are now ready for handover to the respective clients.
The handover ceremony was on Saturday, 31st October 2020 at site. Mtwapa Pride Apartments Phase 1 is a testimony that decent and affordable housing is achievable.
However, it has not been a smooth ride all through. The Off-plan concept of building has faced quite some challenges across the Kenyan property market landscape. One of the major negative impact results from mismanagement of customer deposits by developers entrusted with such developments.
Other factors are due to social-economic effects beyond the control of the developers. We also have cases where developers have rushed to market their off-plan projects without proper project and market analysis which has led to such projects stalling or completely not taking off.
In all these scenarios, scores of Kenyans have lost their hard-earned savings and bank loans through such cases and might never recover their investments.
Our project encountered initial customer hesitation due to all these factors but with proper structures and accurate market analysis, we were able to develop our Mtwapa Pride Apartments to completion. Those who did not hesitate, have enjoyed a capital appreciation of over 30% in 18 months. SOLIAN believes we have delivered True Value,True wealth to our customers. We have a money -back guarantee to any of our customers in this project as with all our projects.
In addition to this, COVID-19 impact and cessation of movement proved a challenge for most would-be homeowners, property developers and the public in general. In the midst of all this, SOLIAN was able to adopt social distancing and health protocols to ensure this project is delivered within 18 months of commencement as promised to our clients.
We are committed to continue offering our clients affordable housing solutions. Plans are underway to launch Mtwapa Pride Apartments Phase Two based on the same off-plan model which is already over 70% sold off plan.
Our other ongoing project is Master-planned controlled mixed-use development, MARIJANI VIPINGO BEACH ESTATE. It is modeled around the buy-build model that offers the clients flexibility to buy and develop at their own pace. Launched in April 2019, Marijani Vipingo Estate is now slowly taking shape with the show house construction having begun in SEPTEMBER 2020.
Through our projects, SOLIAN has contributed to creation of over 500 direct and indirect jobs since inception, a trend we are committed to continue with.
The Sales Manager, Brian Kosgei told us ,SOLIAN promises to meet and if possible exceed Their customers’ expectations through their commitment to the core values of integrity, innovation and customer centricity and to continue creating True Wealth, True Value. SOLIAN is always looking to create True Value and True Wealth for its customers. SOLIAN is planning to replicate the Mtwapa Pride Apartments Model in the larger Nairobi Metropolitan area in the coming year.
Mtwapa Phase II was launched on the 1st of December, 2019.
This is our phase II at Mtwapa Pride Apartments set within Robert Mulli Gardens Mtwapa. Almost 50% sold out. Prices start at Kshs1.3m and projected to go up after ground breaking, projected sometimes in April 2020.