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

Scope differences and market conditions can cause costs to vary significantly.

How much does it cost to build an apartment complex in kenya. Costs are derived from a building model that assumes basic components using union labor for a 22500 square foot building. How To Register on Boma Yangu. For instance it has built three-bedroom bungalows and storied maisonettes for Sh16 million and Sh26 million respectively.

For calculating labor cost and basic building components let us. This cost is inclusive from foundation to finishes but generally exclude site works which may vary greatly even in projects that are similar in space provisions. 60000 per square meter for a luxurious house.

Also Know how much money do you need to build an apartment complex. The firm can also build smaller houses for as little as Sh900000. The above figures place this construction at an 85 and 200 per square foot cost.

The following analysis estimates the cost to build an apartment 1-3 story using US National Average costs from 2013 RSMeans cost data. The construction cost estimates include labor materials and professional fees. For instance the value of a newly constructed house maybe 90 million while built on a 500 Square Metres piece of land that costs 30Million.

Then the cost per square footage of constructing a new house will be. 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. The average cost of construction in Kenya is about Sh35000 per square metre for a modest dwelling in major towns while a high-end home costs upwards of Sh60000 per square metre.

Kitchens are among the most expensive areas to build in a new home. The following analysis estimates the cost to build an apartment 4-7 story using US National Average costs from 2013 RSMeans cost data. A 16-unit apartment building will cost between 31 and 18 million.