Leading real estate developer Superior Homes Kenya has partnered with KCB Bank Kenya to make homeownership more accessible through tailored mortgage solutions. The newly signed Memorandum of Understanding (MoU) will bridge the gap between property development and financing in Kenya’s mid-income and premium housing markets.

Kenya’s Homeownership Challenge

Despite a thriving real estate sector that now contributes 6.7% to Kenya’s Gross Domestic Product (GDP)—up from 4.1% in 2020—housing finance is still a challenge. 88.6% of Kenyans still build homes incrementally using personal savings due to lack of flexible mortgage options. This partnership will address this financing bottleneck and make homeownership more achievable.

Customized Financing for Superior Homes Buyers

Through the partnership, buyers interested in Superior Homes Kenya developments will now have access to customized mortgage packages from KCB Bank. These products are for first-time buyers, investors and Kenyans in the diaspora.

“Our goal as a company is to create and drive the uptake of sustainable master-planned communities,” said Shiv Arora, CEO of Superior Homes Kenya. “This partnership brings buyers one step closer to owning a home in a financially sustainable way while contributing to the country’s housing agenda.”

What the KCB Partnership Offers

KCB Bank will offer:

  • Competitive rates

  • Longer repayment periods

  • Structured payment plans

  • Personalized customer service

  • Access to Kenya Mortgage Refinance Company (KMRC) financing, so you can borrow up to 105% of the home cost—covering not just the home price but also legal and closing costs.

“Superior Homes has a good track record of delivering quality developments. Through this partnership, we will not only provide financing solutions but also support homeowners throughout the transition process,” said Kenneth Luusa, KCB Group Head of Projects and Investments.

Sustainable Urbanization

This is part of their sustainable urbanization and growth agenda. It will drive sales of homes in Superior Homes’ current and future projects and support the national effort to increase decent and affordable housing.