Frustrations as the KSH28 billion world-class hotel is deserted to no business

The craze for multi-storey buildings is touted as the answer to challenges of urbanisation and shrinking supply of land in Kenya.

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The craze for multi-storey buildings is touted as the answer to challenges of urbanisation and shrinking supply of land in Kenya.

In the recent years, the Kenyan Coast has witnessed unprecedented development of high-end buildings, signalling a significant growth in real estate as developers troop in to acquire beach plots known to attract visitors in droves.

In Mombasa for example, several buildings towering over 60 metres or with 20 storeys are either under construction or in the planning stages. However, property sector players say current by-laws which prohibit building of high-rise buildings along the beaches are hurting the sector.

The players are now concerned that the government may be losing billions of shillings in revenue from property and tourism investments owing to “by-law” that scare away investors eyeing high-rise buildings near the beach.