How Much Does It Cost To Build An Apartment Complex In Kenya

For example on our third deal we purchased a 136 unit apartment complex for 4075000.

How much does it cost to build an apartment complex in kenya. They will also usually have a wide mix of apartment sizes and potentially some luxury units. A quality finishing will cost you around sh. The firm can also build smaller houses for as little as Sh900000.

Building a house is usually cheaper than buying a home. Costs are derived from a building model that assumes basic components using union labor for a 60000 square foot building. The following analysis estimates the cost to build an apartment 4-7 story using US National Average costs from 2013 RSMeans cost data.

It costs 22 million on average to build an apartment building. A spot-check by DN2 revealed that similar houses for sale in the same area go for a minimum of Sh45 million and Sh57 million respectively. Then the cost per square footage of constructing a new house will be.

Cost of building flats in Kenya You succeed in putting up 12 to 15 two bedroom apartments. Keeping this in view how much does it cost to build an apartment complex in Kenya. Average Apartment Building Cost Each unit roughly costs anywhere between 64575 and 86100.

In the current setup land accounts for up to 40 per cent of the total project cost but high-rise apartments could bring this to as low as 10-15 per cent. Also Know how much money do you need to build an apartment complex. Cost to Build a 20-unit Apartment Building.

And then if you are considering two bedroom apartments as you should putting them up will cost you about 30 Million KShs. Costs are derived from a building model that assumes basic components using union labor for a 22500 square foot building. How Much Does It Cost To Build Apartments.