NAIROBI (Xinhua) --
Kenya plans to partner with the private sector in
order to construct more affordable houses, an official said on
principal secretary in the ministry of transport, housing, urban
development and infrastructure, told a construction forum in
Nairobi that the government wants to make land accessible for
the construction of houses using existing law provisions.
“One of the options
we are exploring is to do a land swap deal with the private
sector in order to build affordable houses,” Maringa said during
the opening ceremony of the International Construction Research
Conference and Exhibition.
The event that runs
until Friday will bring together about 7,000 delegates and 220
companies from 30 countries and showcase the latest technology
related to housing.
Maringa noted that
land is big factor of production in President Uhuru Kenyatta’s
Big Four Agenda on universal health care, food security,
manufacturing and affordable housing.
He noted that the
value of land in Kenya has been rising unsustainably in the past
decade as investors use land for speculative purposes.
are holding large tracts of land in the hope that the value of
land will rise in future. But this is reducing the amount of
land that is available for construction of affordable houses,”
Maringa said that
the government has already put in place fiscal incentives to
lure property developers to expand the supply of affordable
houses in the country.
“Currently more than
70 percent of houses built are targeted at the high and middle
income households,” he said.
The ministry is also
keen to reduce the cost of construction of houses through
encouraging the industry to adopt low cost technologies.