(Nairobi) – Superior Homes Kenya has entered into a strategic partnership with KCB Bank Kenya to support the growth of Kenya’s real estate sector by easing access to mortgage financing. The agreement, formalized through a Memorandum of Understanding (MoU), seeks to close the gap between property development and financial access, a key challenge faced by many prospective homeowners.
The collaboration aims to offer structured and flexible mortgage products to Kenyans looking to invest in mid-income and premium housing developments by Superior Homes. These products are especially designed to cater to first-time homebuyers, investors, and members of the Kenyan diaspora who often struggle with limited access to home financing.
According to Superior Homes Kenya Chief Executive Officer Shiv Arora, the partnership is a major step in the company’s mission to promote sustainable and well-planned residential communities. He emphasized that enabling more Kenyans to own homes in a financially manageable way is a shared goal with KCB Bank.
“Our goal as a company is to drive the uptake of sustainable, master-planned communities,” said Arora. “Whether you are a first-time buyer, an investor, or living abroad, this partnership brings you closer to homeownership in a financially sustainable way while contributing to the national housing agenda.”
Under the agreement, KCB Bank will provide customized mortgage solutions for clients purchasing homes in Superior Homes’ developments. These offerings include longer repayment periods, lower interest rates, and dedicated customer support throughout the mortgage application process.
Kenneth Luusa, KCB Group Head of Projects and Investments, said the bank will also provide access to Kenya Mortgage Refinance Company (KMRC) loans, which can finance up to 105% of a property’s value. This means buyers could also receive support for some of the closing costs involved in property transactions.
“This partnership cements our relationship with Superior Homes in delivering affordable and quality housing to Kenyans,” said Luusa. “Beyond mortgages, we are offering structured solutions that make the transition into homeownership easier for buyers.”
Kenya’s real estate sector is experiencing steady growth and now contributes 6.7% to the national Gross Domestic Product (GDP), up from 4.1% in 2020. However, a large majority of Kenyans—88.6%—still rely on personal savings and phased construction to build their homes due to limited access to formal mortgage systems.