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Tungo Place
Housing Kenya's Growing Middle Class
Currently in predevelopment by Kenya-based Moad Capital, the 900-unit, $55 million ($61k/unit) masterplan community offers affordable homeownership opportunities for moderate income working professionals in the suburbs of Kenya’s capital, Nairobi. Phase 1 of the three-phase project will begin the end of 2021 and include completing the site improvements and on-site amenities, and the first of six, 20-story, 160-unit towers. The housing development will be built using prefab panels, assembled on-site for a quick, predictable, and cost-effective construction process. In addition, the building will be built to EDGE Green design standards, a sustainable building incentive program by the World Bank to encourage more investment in housing minimizes environmental impact – notably, 20% less lifetime energy consumption, 20% less water, and 20% less overall construction impact. Moad Capital is early-stage developer, part of Nairobi Stock Exchange’s Ibuka Accelerator Program.
Related Trend: Kenya’s first green bond raised $42.5 million in January 2020, listed on Nairobi Securities Exchange and London Stock Exchange, issued by Nairobi-based property developer, Acorn Holdings, to build student accommodation (story).
2020
N/A - Site Built
Overview
 900 units |  2,300 bedrooms |
 20 stories Highrise |  5.4 acres SF Footprint |
 800,000 Total SF |  350 SF/Occupant |
Proposal Origins
 Designed Nairobi, Kenya | Produced Nairobi, Kenya | Located Nairobi, Kenya |
| Construction Type | Site Built |
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| $ / Unit | $61k / unit |
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Marketing Brochure
0:00 Hook
0:52 Introduction / Company Background
1:33 Kenya housing crisis
1:43 Location within Nairobi
2:47 Site layout
3:28 Floorplan that is building community
4:15 Design: Common areas
4:32 Finance: Construction costs
4:50 Timeline
5:14 Finance: Kenya’s high financing costs
5:40 Creating affordability with the financing program, “25”
7:11 Sales pipeline
8:05 Green design: Word Bank’s EDGE Certification Program
9:17 Company mission
