Termed by some as overly ambitious, the Kigali City Master Plan (KMP) continues to forge ahead in its quest to successfully develop sustainable approaches to urbanization.
Kigali authorities believe its city master plan is an articulated vision for the city’s future and are currently inviting investors to be part of this dynamic journey.
The Rwanda Social Security Board in partnership with the Rwanda Development Board, the Ministry of Infrastructure and the Kigali City Council are now unveiling for sale, 9 prime property plots, located in the Rwandan capital, Kigali.
Known as the Rugenge Plots, this property is part of Phase 1 of Kigali’s Central Business District (CBD1).
The new Kigali CBD Core is a signature of the latest development in Kigali and expected to be the future financial hub of Rwanda and the region, with national and international financial institution headquarters.
Kigali city features over 730 square kilometres of hills and valleys, and is rapidly opening up itself as a premier destination for real estate investment.
The Rugenge Plots were initially 20, of which 11 have been sold and three have been fully developed with high-rise mixed use for commercial and apartment buildings.
Developed sites include the Rwanda Social Security Board building, which consists of a impressive 14 story commercial and residential building; the RSSB commercial high rise with approximately 13,000 sq m, and the Habeli Building, a retail and office structure of seven stories.
Infrastructure to be made available at the Rugenge Plots will consist of water and electricity services, sewage treatment as well as communication systems through the use of fibre optic cables.
With regard to specifications, Permissible Land Use includes commercial use on the first floors or first two floors and residential use above the first floor. Conditional Land Use includes public facilities; hotels; service apartments and Petrol stations.
Currently, Kigali measures 731 square kilometres with a population of about 1.3 million and a household size of 4.8 million. It is believed that the city population will more than double to 2.9 million by 2025 and most likely five million in long term.
About 17 % of the city is currently urban land, while 50 percent is used for agriculture while the rest is preserved for nature.
According to the RSSB Director General Angelique Kantengwa, the sale of the Rugenge Plots in the CBD1 are “also targeting local investors who can group themselves to buy these plots. With the condominium law, an individual can own part of a building”
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