NEWS

Uganda is set to benefit from a groundbreaking investment in low-cost housing as Savoy Real Estate, a fast-growing real estate developer, has announced plans to establish modern and affordable housing facilities across the country. The initiative is aimed at bridging the widening housing gap and supporting government efforts to provide decent accommodation for middle- and low-income earners.

Speaking during the announcement, company officials revealed that the project will roll out in phases, beginning in rapidly developing urban areas including Kampala, Wakiso, Mbarara, and Gulu. The facilities will feature a blend of one-, two- and three-bedroom units, designed to suit the financial capacity of young professionals, civil servants, and families seeking quality homes at accessible prices.

According to Savoy Real Estate management, the decision was driven by the growing demand for affordable and dignified living spaces. Uganda currently faces a housing deficit estimated in the millions, with a majority of the population unable to afford standard residential units in metropolitan zones. The company believes that strategic planning, innovative building technology, and efficient financing models will allow them to deliver homes that are both cost-effective and durable.

“Our vision is to give hardworking Ugandans the opportunity to own modern homes without financial strain,” a Savoy Real Estate representative stated. “We are not just building houses — we are building communities, stability, and long-term value for families.”

The housing estates will include essential neighborhood amenities such as paved access roads, reliable electricity, clean water supply, playgrounds, green community spaces, and controlled security. The company is also in discussions with financial institutions to develop flexible payment plans and mortgage options for potential buyers.

Industry analysts have welcomed the move, noting that increased investment in affordable housing could play a key role in improving living standards, reducing urban slum expansion, and stimulating the country’s construction and employment sectors.

Construction of the first estate is expected to commence soon, with project timelines and pricing structures to be released after completion of the initial planning and approval stages. Savoy Real Estate says the public can expect transparency, community engagement, and sustainability to remain at the center of the development process.

As Uganda continues its journey toward urban growth and economic expansion, the entry of dedicated developers like Savoy Real Estate signals a promising shift toward accessible homeownership for thousands of citizens.