Chinese developer targets young buyers with new project in Nairobi

Chinese real estate developer Henbon has launched a new residential project in Westlands, Nairobi, targeting young professionals and middle-income buyers.

The project, named Diamond Bay Suites, consists of one- and two-bedroom apartments and will be Henbon’s sixth development in Nairobi. Units are priced from Ksh.8.8 million.

Nairobi’s housing market continues to grow, driven by rapid urbanisation, a rising middle class and wider access to mortgage financing.

Analysts expect rental returns in Westlands to increase slightly in 2025, attracting both home-seekers and investors.

Kenya currently faces an annual housing shortage of about 200,000 units, with the overall deficit estimated to exceed two million homes, leaving many young households unable to afford suitable housing.

Property experts note that apartment blocks and mixed-use developments targeting mid-income buyers will continue to dominate Nairobi’s real estate market as developers address changing demographic and economic demands.

Diamond Bay Suites adds to the growing number of projects catering to urban professionals seeking smaller, modern homes within city limits.