The Standard Gauge Railway (SGR) is a national flagship project by the Government of Kenya as a transport component aimed at delivering Vision 2030 making Kenya a middle income country. This is one of the biggest infrastructure projects carried out in Kenya, the SGR line supports passenger and cargo transportation thus increasing transport convenience.
Growth of infrastructure positively opens up an area for real estate investment. Below are areas where the SGR has caused an appreciation of land prices and if you are keen investor, you should consider purchasing properties in this areas.
To begin with, The Ngong, Ongata Rongai SGR route comprises of commuter train to Ngong and Rongai areas. This provides residents with an alternative means of transport to town and eases the traffic jam that is prominent with these two towns. The towns are highly populous and many stay in the traffic for hours before reaching the CBD. Notably, The SGR tunnel in Ngong is the longest in East Africa and second in Africa.
Completion of this project has seen prices of land rise in Ngong. From properties selling with prices as low as Ksh 200,000, the area has witnessed steady growth of property prices. Today, an eighth acre plot is selling with prices between Ksh 500,000 to Ksh 1M
Konza SGR and SGR station are already complete. This has made the area ripe for real estate investments. The SGR station connects nearby Konza City to Nairobi and Mombasa. Recently, Konza city was allocated Ksh 6.3B for infrastructure development in the Kenya Budget 2020/21.
This is expected to further open up Konza area for investments and this is simply the best time to invest in properties around Konza. Prices of land in this area are selling with prices between Ksh 300,000 to Ksh 1M.
The Nairobi – Naivasha SGR is 120.5 km long with 29 bridges and three tunnels. The line ensures passenger traffic as well as freight services which will benefit an inland container facility at Naivasha.
From this terminal, the cargos are transported to Uganda, Rwanda and South Sudan. This key infrastructural project has opened up Naivasha area for real estate investments.
Notably, Naivasha is a key destination for local and foreign tourism and making it a prime location for investors.
Currently, prices of land in Naivasha are selling with prices between Ksh 400,000 to Ksh 1M. If you desire to own land around Naivasha, this is the best time to invest.