Centum Real Estate (Centum Re) property investors earned substantial returns in 2024, with capital gains of up to 20 percent and rental yields reaching 12 percent.  

Centum Re Managing Director Kenneth Mbae revealed that the value of properties in Riverbank and Loft residences increased significantly, with units rising from Sh15 million to Sh18 million and from Sh40 million to Sh55 million, respectively.

Buyers of Two Rivers residences enjoyed rental yields of 11-12 percent, with monthly rents for Loft residences hitting Sh400,000 against a purchase price of Sh40 million.

Similarly, one-bedroom units at Riverbank residences rented for Sh150,000 per month, compared to a Sh15 million purchase price.

“Real estate offers stable monthly rental income with potential for property value appreciation over time, unlike volatile assets like stocks,” Mbae explained.

He added that real estate also provides portfolio stability and capital growth, outperforming treasury bonds that lack value appreciation.

Centum Re’s Two Rivers mixed-use development showcases an aspirational lifestyle, featuring facilities like theme parks, cinemas, sports complexes, and modern infrastructure. The master plan promotes long-term growth with a 50-year development vision.

The firm’s ongoing projects include a pipeline of 10,000 units spanning over 8,434 acres in Nairobi, Kilifi, and Entebbe, Uganda, offering investors opportunities to generate passive rental income and long-term wealth.

“Real estate, particularly housing, allows investors to build wealth and generate surplus cash flow for homeowners by saving on rent,” Mbae concluded.