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Tycoon Hamis Kiggundu to sell off Multi-Billion Mansion over debts

News reaching us indicates that city tycoon and businessman, Hamis Kiggundu known to many as Ham has put his gigantic mansion located in Kawuku, Bbunga on sale.

An aerial view of Hamis' house which he has put on sale
An aerial view of Hamis’ house which he has put on sale

According to ChimpReports.com, the youthful tycoon is selling his luxurious crib at $4-5 million (about Ush 13 billion) due to accumulated debts.
According to the source, Ham has accumulated debts amounting to over $60 million with different banks and is struggling to settle them. Apparently, the banks have estimated his property to be worth about $50 million.

Hamis Kiggundu enjoying the cool breeze at his home
Hamis Kiggundu enjoying the cool breeze at his home

This website understands that renowned tycoon Caesar Mulenga, the self-acclaimed King of ‘Mulenga Kingdom’ in South Western Uganda, wanted to buy the house at $1.5 million but Ham rejected his offer.
It is said that all the other tycoons that have showed interest in acquiring the mansion are offering nothing above $500,000, which is way below the amount Ham wants for it.
The house which sits on five acres of land facing Lake Victoria is the largest private residential property in Uganda.

Hamis’ multibillion pad is located on the shores of Lake Victoria
Hamis’ multibillion pad is located on the shores of Lake Victoria

Designed by American architect, the house has 25 bedrooms, a 27ft x 61ft master suite with baths, 82ft customized swimming pool, boat facilities, screening room, state-of-the-art gym, wine cellar, full spa, gaming room, automatic gate and garage for several cars in the arranged motorcade.

Hamis Kiggundu is one of the richest young tycoons in the country
Hamis Kiggundu is one of the richest young tycoons in the country

Ham Kiggundu is popularly known for owning several storied buildings in Kampala taking, such as the Ham Towers in Wandegeya occupied by Turskys supermarket and another magnificent Ham Shopping Mall near Nakivubo stadium formerly Owino space also occupied by a supermarket.

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