Bandari Sacco has kept its promise by handing title deeds to customers who purchased land in its expansive Mombasa property development. This project, which spans tens of hectares, aims to transform Mombasa’s Kiembeni area into the first modern, controlled, gated community in the region.
The new development is set to provide residents with essential amenities, including a reliable supply of clean water, electricity, healthcare facilities, schools, and places of worship. Additionally, residents will benefit from enhanced security measures, such as perimeter walls and an on-site police station, to ensure safety around the clock.
The project also features well-constructed access roads and drainage systems, which are currently under development, ensuring efficient transportation and water management throughout the property. These ongoing improvements align with Bandari Sacco’s vision of creating a fully equipped, self-contained residential area.
Significant interest has been shown in Bandari Sacco’s initiative, with many parcels already sold. However, there are still over 154 plots available for prospective buyers. The Sacco aims to make land ownership more accessible, offering competitive mortgage loans for those interested in acquiring property in this tranquil and convenient location.
The plots, available in sizes of 1/4 acre and 1/8 acre, are priced at Ksh. 3.47 million and Ksh. 1.9 million, respectively. Bandari Sacco offers flexible payment options to accommodate various financial needs. Buyers can either pay in full or choose a financing option with terms designed for affordability.
For those opting for the financing model, Bandari Sacco provides a fully facilitated mortgage plan. This requires a reservation fee of Ksh. 20,000, followed by manageable payments spread over 120 months at an interest rate of 10%. This long-term payment structure makes land ownership more accessible to a wider demographic, offering a sustainable way for customers to secure property in this desirable location.
Alternatively, the cash payment option requires a 30% deposit upon reservation, followed by six monthly installments. Like the financing option, customers choosing the cash model also need to pay a reservation fee of Ksh. 20,000. These flexible payment plans demonstrate Bandari Sacco’s commitment to making property ownership attainable and tailored to individual preferences.
Strategically located within the Mombasa metropolitan area, this development enjoys a prime position along the newly constructed Mshomoroni-Mariakani Bypass. This convenient location provides residents with easy access to the city’s major areas, including the beach, which is approximately a 17-minute drive away, and Nyali City Mall, which can be reached in 22 minutes. The property’s proximity to these essential amenities and recreational spots significantly enhances its appeal to buyers.
The development by Bandari Leisure Village comes under a contractual sales arrangement, representing a significant step in addressing the demand for high-quality residential areas within Mombasa. The region’s rapid urbanization and infrastructural improvements have led to increased interest from families and professionals seeking a secure and peaceful environment to call home.
As the demand for controlled, modern residential communities rises in Kenya’s coastal region, Bandari Sacco’s initiative in Mombasa could set a benchmark for similar developments. The Sacco’s project is poised to positively impact Mombasa’s urban landscape by providing a well-planned, inclusive community with quality facilities and accessible financing.
For those interested in securing a place in the project, Bandari Sacco’s customer service team is available to provide guidance on the application process and financing options. With over 154 plots still available, prospective homeowners have the opportunity to become part of a visionary community that combines modern living with Mombasa’s scenic beauty and proximity to essential amenities.
As title deeds are handed over and infrastructure development progresses, Bandari Sacco is steadily creating a vibrant and secure community that meets the lifestyle needs of Mombasa’s growing population. This initiative not only highlights Bandari Sacco’s commitment to its customers but also reflects its role in shaping the future of residential living in Kenya’s coastal region.
