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Real estate developer targets middle income class

Nairobi; Kenya: Property developer Lifestyle Apartments has launched a multi-billion-shilling investment in its bid to tap into the growing middle class population and bridge the huge housing gap in the country.

Kenya Property Developers Association (KPDA) and property firm HassConsult, in a joint report launched earlier in the year, notes that in 2013, only 15,000 houses were planned and approved for building, against a demand of 200,000 housing units per year.

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