Government to give incentives to developers

The government is rolling out a plan that will see developers get incentives in an effort to bridge the housing deficit gap.

According to Cabinet Secretary in the Ministry of Land, Housing and Urban Development Jacob Kaimenyi, some of the incentives will include provision of serviced land, affordable financing and reforms of land related laws.

"An opportunity exists because of the growing annual shortfall with the highest demand in low cost housing sector," he said at a media briefing, putting the demand at 250,000 per annum against a supply of 50,000. "The housing deficit can be minimised if we encourage private sector participation through financial and non-financial incentives."