Introduction of Milestone-Based Payment Plan for Divine Serenity Apartments

TLDR

• The developer of Divine Serenity, a $30 million (about Sh78 billion) residential project, says the pricing model is intended to give homebuyers and investors greater transparency while responding to the changing.
• Unlike many high-rise developments where apartments command higher prices based on floor level or sea views, Divine Serenity will initially offer 30 selected residences under a pricing structure that removes such.
• He noted that in some developments, apartments with identical layouts can attract premiums of up to 20 percent simply because they are located on higher floors or enjoy sea views.
• The project is also introducing a milestone-based payment plan under which buyers can reserve selected apartments with an initial payment of $5,000 before paying the balance over a period of up to 36 months.
• Divine Serenity reflects our confidence in Tanzania and in the continued growth of Dar es Salaam.