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Developers slam an NCA report labeling most Nairobi buildings unsafe as "alarmist," fearing it will crash the property market and scare away investors.
Nairobi’s real estate tycoons are fighting back. The Kenya Property Developers Association (KPDA) has vehemently condemned a recent National Construction Authority (NCA) report that labeled 80% of buildings in the capital as "unsafe."
In a heated press conference, KPDA Chairman Ken Luusa termed the report "alarmist and reckless," arguing it relies on a flawed sample size. "You cannot inspect ten buildings in Huruma and declare all of Kilimani unsafe," Luusa argued. "This kind of sensationalism destroys investor confidence and devalues our assets."
The developers admit that the "informal" sector has issues but insist that the formal market adheres to strict codes. They are demanding a joint audit with the NCA to verify the claims. The standoff highlights the tension between regulators trying to prevent building collapses and an industry trying to protect its bottom line.
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