Buganda Kingdom Ventures into Real Estate

Buganda Kingdom has committed to reduce the country’s housing deficit by launching its multibillion housing estates.

Speaking at the launch of the housing estate in Kigo, Wakiso District this morning, Katikkiro Charles Peter Mayiga said the cultural institution will build more houses in the future.

“We are committed to more partnerships geared to uplifting the housing estate in the country so that we reduce the deficit. We plan a massive project at Ssentema where houses will cost low amounts of money,” Mr Mayiga said.

He said through Buganda Commercial Undertakings Limited and the Buganda Land Board, the kingdom wants to make a different in the real estate industry.

“The kingdom is the hub for economics in Uganda. We are bridge to the market and welcome whoever wants to engage in the economy,” he said.

Mirembe Villas-Kigo sits on 70 acres of land along the Kajjansi-Munyonyo Highway near Serena Lake Victoria Hotel.

The estate is planned with residential facilities such as a shopping mall, restaurants, clinic, gym, bar, swimming pool, sports courts and other recreational facilities.

The houses are classified into three categories; two-storeyed structure with four self-contained bedrooms; two-storeyed structures with five self-contained bedrooms and three- storeyed buildings with six bedrooms and two family rooms with three balconies costs USD 400,000.

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