Moad Capital, one of Kenya’s real estate development companies, has introduced an innovative housing design technique that will see the country adopt green housing through a circular economy approach. Moad plans to set up a multi dwelling unit called Tungo Place consisting of two- and three-bedroom houses in Kibichiku on 5.4 acre piece of land that will be the first gated community within Kenya to adopt this of construction system.
Kariba Moko, the Managing Partner Moad Capital, says green housing is a concept that is already widely used in other parts of the world and has proven effective in not only reducing carbon emissions during the construction process but also eliminating waste and reducing the cost of housing.
He says: “The circular economy of designing and constructing housing entails a shift towards renewable energy through the superior design of materials to reduce damage to climate and biodiversity. This is a futuristic design method that will change the way housing is set up by offering more affordable and green housing to persons of all ages. Our construction model will save return a saving of not less than 20% for each house compared to the normal style of construction.”
Moad Capital hopes to democratize home ownership in the country using the circular economy and green housing strategy to make home ownership accessible and affordable for Kenyans from the age of 25. The innovation by the company will realize savings from water, energy and materials used in the construction process, which will then be passed on to the potential buyers. The company, which is part of the NSE Ibuka programme is looking to realize a reduction of between 60-70% in savings on the cost of construction at its Tungo Place housing project through green innovation and make it the first sustainable green housing project in Kenya.
Circular economy in construction exists before and after the actual construction. Kariba explains: “The construction phase while being more visible is only a small part of what the circular economy entails. It stretches down to building maintenance and management making the design a key entry point and the foundation of the circular economy in construction. The houses use recycling systems for such things as water heating, cooling, and processing of waste which helps to reduce emissions and contributes to a circular system within the whole building.”
Tungo place will see this innovation in play by replacing the ‘take, make and dispose’ model with one in which resources circulate, it will adopt renewable energy, mainly solar as the main source of energy within the building in place of fossil-based energy and close the consumer gap by bringing social engagement closer to the residents through innovation, green construction material and the internet of things.
Moad Capital’s approach is learned from the World Bank’s Edge Programme which looks to design and construct houses at present that will be futuristic, working with entrepreneurs to set up housing models that will relevant up to 2050 and make green housing and circular economy a worthwhile investment both for long run high gain investors and homeowners.