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Kona Baridi -Ngong Hills
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Kanjora1
#81 Posted : Tuesday, February 05, 2013 3:35:22 PM
Rank: New-farer


Joined: 8/7/2012
Posts: 39
For those thinking of opportunities outside Nairobi and other major cities, I'd like to share an experience that I'd say I was lucky to stumble on.
4 years ago my pal and I bought some land (4.5 acres) near KCC factory in Kiganjo just outside Nyeri. We bought it via an auction and at the time our plan was to subdivide and sell plots since there were rumours that a new district HQ would be built nearby. The rumours turned out to be false and the HQs was built a bit far off but we still thought if we sold the plots at about 600k/quarter acre we'd still make a tidy sum. Somehow the subdivision and generation of new titles took ages but it turned out to be a blessing in disguise. Last year (just before we advertised the sale) Catholic University decided to open a campus almost across the road from our plots. The prices of plots next to ours shot up to about sh.1M and even then the demand couldn't be satisfied.
The lesson here is that the devolution or in this case decentralisation of services will be very bountiful for those who have taken the risk to invest in the non-major urban areas. At the moment you can't lose on land as long as it's genuine.
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selina
#82 Posted : Wednesday, February 06, 2013 2:17:00 PM
Rank: Hello


Joined: 2/6/2013
Posts: 1
mibbz wrote:
with all due respect i do not see that region growing as fast as property zote is promoting for the following reasons:

1.the GoK is commiting to build the greater eastern bypass before the greater southern bypass mainly due to the lack of an alternative road to bypass the thika toll station and its inernational law that an alternative route must be in place before one can effect tolls on a road although am sure at some point they shall tarmac the ngong-suswa road.

2. 25 Billion has been earmarked for the expansion of the uhuru highway from somewhere near the airport to rironi,i believe its 58 kms in total of a double decker road. This together with the ongoing southern bypass from ole sereni to kikuyu shall greatly reduce traffic on the uhuru highway thus reduce the need for an alternative road in the form of the greater southern bypass as there shall be two very good alternatives in the above 2.

3.the county governments are soon coming into effect and very soon you shall see a flight of construction capital from Nairobi and its environs i.e likes of kitengela,thika,athi,sigona and the developers shall move to satisfy a huge demand of decent housing at the county level. Actually a world bank report alluded to the same,there is risk of capital flight from the city to mashinani

4.lastly a recent aarticle actually a week ago on the thursday paper was cautioning people against buying property with speculative intention that the GoK shall be putting up massive infrastructure in the region and they used two case scenaros,a chap who bought land in juja pre-thika road upgrade and another who bought in Kiserian after the GoK said they would construct a railway from nairobi via kiserian-magadi to Tanzania.well we know who won big and who lost out.....

These 4 reasons are why i believe there are better speculative opportunities elsewhere eg Nakuru,Kisumu,Lamu instead of land in Kona baridi and property zote can kindly confirm to us how land has been appreciating in these towns for the past 1 year. comments are welcome

hi, please advise me on the land in kona baridi being sold by Guton kenya Enterprises ltd, are they genuine?
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mibbz
#83 Posted : Wednesday, February 06, 2013 2:53:26 PM
Rank: Member


Joined: 2/18/2011
Posts: 448
Hi selina, @propertyzote is the one selling land in the region and would advise you appropriately. I was just giving an opinion on the region
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Am
#84 Posted : Wednesday, February 06, 2013 3:56:09 PM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
selina wrote:
mibbz wrote:
with all due respect i do not see that region growing as fast as property zote is promoting for the following reasons:

1.the GoK is commiting to build the greater eastern bypass before the greater southern bypass mainly due to the lack of an alternative road to bypass the thika toll station and its inernational law that an alternative route must be in place before one can effect tolls on a road although am sure at some point they shall tarmac the ngong-suswa road.

2. 25 Billion has been earmarked for the expansion of the uhuru highway from somewhere near the airport to rironi,i believe its 58 kms in total of a double decker road. This together with the ongoing southern bypass from ole sereni to kikuyu shall greatly reduce traffic on the uhuru highway thus reduce the need for an alternative road in the form of the greater southern bypass as there shall be two very good alternatives in the above 2.

3.the county governments are soon coming into effect and very soon you shall see a flight of construction capital from Nairobi and its environs i.e likes of kitengela,thika,athi,sigona and the developers shall move to satisfy a huge demand of decent housing at the county level. Actually a world bank report alluded to the same,there is risk of capital flight from the city to mashinani

4.lastly a recent aarticle actually a week ago on the thursday paper was cautioning people against buying property with speculative intention that the GoK shall be putting up massive infrastructure in the region and they used two case scenaros,a chap who bought land in juja pre-thika road upgrade and another who bought in Kiserian after the GoK said they would construct a railway from nairobi via kiserian-magadi to Tanzania.well we know who won big and who lost out.....

These 4 reasons are why i believe there are better speculative opportunities elsewhere eg Nakuru,Kisumu,Lamu instead of land in Kona baridi and property zote can kindly confirm to us how land has been appreciating in these towns for the past 1 year. comments are welcome

hi, please advise me on the land in kona baridi being sold by Guton kenya Enterprises ltd, are they genuine?



@Selina. Have dealt with them in teh past and I know they are good. I think though that they Finished the 5 acre plots and now have eighths. Best.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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webish
#85 Posted : Wednesday, January 08, 2014 1:19:18 PM
Rank: Member


Joined: 10/19/2009
Posts: 671
Location: Nairobi
Such an informative thread.

Hey @mibbz . It's now one year since... any refresher or reviews on the "next-frontier" towns?

KR,

Life is joy, death is peace, but the transition is very difficult.
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