Property developer Superior Homes Kenya has signed a Memorandum of Understanding (MoU) with KCB Bank Kenya in a new partnership aimed at making homeownership more accessible to Kenyans through improved mortgage financing.
The agreement will see KCB provide customized mortgage products tailored for Superior Homes’ mid-income and premium housing developments. The initiative targets a key challenge in Kenya’s real estate market: limited access to structured financing options. Currently, nearly 89% of Kenyans build homes using personal savings, often over extended periods, due to lack of affordable mortgage solutions.
“This partnership is a significant step toward our goal of delivering sustainable, master-planned communities,”
said Shiv Arora, CEO of Superior Homes Kenya.
“Whether you’re a first-time buyer or an investor abroad, this brings you closer to homeownership in a financially viable way.”
Kenya’s real estate sector has seen notable growth, contributing 6.7% to the country’s GDP in 2025—up from 4.1% in 2020. Despite this, uptake of mortgage financing remains low, something both institutions aim to change with this collaboration.
KCB will offer flexible financing options, including extended repayment periods and dedicated customer support for buyers. According to Kenneth Luusa, KCB Group Head of Projects and Investments, the bank will also provide access to Kenya Mortgage Refinance Company (KMRC) facilities, allowing up to 105% financing and covering some closing costs.
“This collaboration strengthens our commitment to expanding access to affordable housing,”
said Luusa.
“Superior Homes has a strong track record, and together we can help more Kenyans transition into homeownership smoothly.”
The partnership is expected to support a pipeline of housing projects and contribute to the government’s broader housing agenda.
