Apart from Kileleshwa, which more than two years ago suffered apartment glut, observers now say that all indications are that Kilimani, Runda, Kiambu Road and parts of Mombasa Road are likely to suffer a serious over supply, which might finally trigger a bubble burst in the housing sector. On the contrary, low-priced homes are being snapped up.

According to Waweru, the upper-middle, areas where rents are anything from Sh60,000 to Sh100,000 per month, are the most affected.
“In this segment of the market, people feel they have more options. For instance, instead of paying a Sh80,000 rent for a three-bedroom apartment in Kilimani, a prudent person would go for a five-bedroom bungalow or maisonette with a servant’s quarter in Garden Estate at the same amount,” says Waweru.

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I can almost swear that BD/nation has a wazuan as a writter. If not, some hawk eye here known as Guest.

"the fact that Kenya’s real estate market is largely being funded through “unconventional” means — that is why the Central Bank of Kenya governor Prof Njuguna Ndung’u said the regulator would commission a survey to ascertain the source of money being channelled into the country’s real estate sector — makes it easy to experience glut in a particular market segment thought by many to be lucrative."

In the developed world around 1998-2002, if you wanted your products to sell fast, one was only required just to add an 'e-' prefix or add a dot-com in the business names. This lead to the famous dot-com bubble burst.

Today, in Kenya all you need is to build a structure and add luxury or golf as part of the name.