KUSCCO Announces Second Phase of Nationwide Property Auction

The Kenya Times ~ Trending, Breaking News and Videos

KUSCCO Announces Second Phase of Nationwide Property Auction

The Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) has announced the second phase of a major public auction targeting over 80 properties nationwide.

In a notice issued on October 8, KUSCCO announced that the auction, to be conducted by Watts Auctions, will take place on November 6, 14, and 21, 2025.

Auctions for the Nairobi and Central regions will be held on Thursday, November 6, 2025, at the WATTS Auctions Nairobi offices located on the 9th floor of View Park Towers.

The Nyanza, Kisii, and Western region auctions will take place on Friday, November 14, 2025, at 12 noon, at the public park near Absa Bank in Kisumu town.

Auctions for the Coast region are scheduled for Friday, November 21, 2025, at 11:00 a.m., at the WATTS Auctions Mombasa offices, Cannon Towers, 3rd floor.

The auction will feature a variety of properties, including undeveloped land, bungalows, maisonettes, residential buildings, motor vehicles, apartments, and commercial premises.

The strategic locations for the different properties include Kajiado, Kitengela, Kilifi, Meru, Machakos, Kiserian, Webuye, Likoni, Bamburi, and Thika.

Terms of Sale

The sale is subject to a reasonable reserve price, and all interested purchasers are requested to view the items through prior arrangement.

Payment will be strictly by cash or banker’s cheque at the fall of the hammer.

For inquiries, KUSCCO has provided the following contact numbers: 0722732717 or 0779947405, as well as the email address [wattsauctionsltd@gmail.com].

The upcoming auction is expected to draw strong interest from investors and developers eager to capitalize on promising real estate opportunities in the secondary property market.

Also Read: KUSCCO to Auction Over 50 Properties Across Kenya This June

First Phase Auction

This is the second round of auctions organized by the Saccos union in 2025 after the exposé of the multibillion-shilling loss in savings amounting to  KSh13 billion.

The previous public auction, organized by Watts Auctions on behalf of KUSCCO, featured residential plots, apartments, commercial buildings, and undeveloped land located in strategic and growing urban centers across Kajiado, Machakos, Kisumu, Nyandarua, Nakuru, Meru, and Nyeri counties.

Several properties were in Katani, Machakos, with sizes ranging from 0.03 to 0.242 acres.

Nairobi properties included apartments and maisonettes in estates like Komarock, Kamulu, Ruai, and Kahawa Sukari.

Also Read: List of SACCOs at Risk of Losing Billions After KUSCCO Heist

Moves to Recover Ksh 8.8 B Invested by SACCOs

In early March 2025, the Sacco explored several measures to raise funds aimed at refunding the savings of affected members and credit cooperative societies (SACCOs).

Among the options, KUSCCO contemplated selling a majority stake in its insurance subsidiary, KUSCCO Mutual Assurance, to strategic investors.

This came after the firm suffered the Ksh13.3 billion heist under the watch of former officials.

KUSCCO also began the process of auctioning houses and land owned by loan defaulters under the KUSCCO Housing Cooperative (KHC), a move aimed at recovering lost funds.

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This post KUSCCO Announces Second Phase of Nationwide Property Auction first appeared on The Kenya Times ~ Trending, Breaking News and Videos and is written by Janeffer Katila