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Home buyers face dilemma as banks recall loans in real estate purchases

KCB Group has engaged Garam Investments to auction the 78 Greatwall apartments to recover Sh1.9bn Erdemann Property borrowed to construct the houses

China generalNairobi areaNgenye machariaGatembu kairuJustice david majanjaMuniu thoithiJessie lesiitMuga developersErdemann propertyEquity bankLand courtHigh courtSuraya property groupTransnational bankGreatwall gardensAthi river

Erdemann s Sh7bn, 2,720-house plan stalls

Had Kenyans taken up the project as anticipated, the firm says, it would have delivered the houses by 2021 as it had promised.

Erdemann property limitedErdemann housing projectRiver estate projectKenya civil aviation authorityZeyun yangGreatwall gardens apartments

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