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NextGen park
dunkang
#21 Posted : Friday, May 17, 2013 3:24:05 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
gmg wrote:
27 million at an interest rate of 15% with a repayment period of 240 months(20 years) you will be coughing ksh 355,533.87 per month. na ni juu ya hewa??? Pple should use what is in beteen their 2 ears

WHAT! Thats 3.2x what the cash buyer paid!

Are this NextGen houses currently occupied, since the Jacaranda estate along Kamiti Road seems half full/empty to me.
Receive with simplicity everything that happens to you.” ― Rashi

digitek1
#22 Posted : Friday, May 17, 2013 5:03:49 PM
Rank: Veteran


Joined: 2/3/2010
Posts: 1,797
Location: Kenya
dunkang wrote:
gmg wrote:
27 million at an interest rate of 15% with a repayment period of 240 months(20 years) you will be coughing ksh 355,533.87 per month. na ni juu ya hewa??? Pple should use what is in beteen their 2 ears

WHAT! Thats 3.2x what the cash buyer paid!

Are this NextGen houses currently occupied, since the Jacaranda estate along Kamiti Road seems half full/empty to me.

the point is there is a target market for these houses....it may not make sense but challenge your world view to see how / why people who are not daft as you think can pay 27m
I may be wrong..but then I could be right
mawinder
#23 Posted : Friday, May 17, 2013 5:15:53 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
digitek1 wrote:
dunkang wrote:
gmg wrote:
27 million at an interest rate of 15% with a repayment period of 240 months(20 years) you will be coughing ksh 355,533.87 per month. na ni juu ya hewa??? Pple should use what is in beteen their 2 ears

WHAT! Thats 3.2x what the cash buyer paid!

Are this NextGen houses currently occupied, since the Jacaranda estate along Kamiti Road seems half full/empty to me.

the point is there is a target market for these houses....it may not make sense but challenge your world view to see how / why people who are not daft as you think can pay 27m

Must be the rich escapees from Mathari!!!!!!
a4architect.com
#24 Posted : Friday, May 17, 2013 7:55:35 PM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@propertyzote and other property sellers, what is the profile of the buyers who are buying these 20m and above properties? are they employed, in biz, young, old, citizens, male/female etc?
As Iron Sharpens Iron, So one Man Sharpens Another.
ZZE123
#25 Posted : Tuesday, July 16, 2013 6:20:36 PM
Rank: Elder


Joined: 6/21/2008
Posts: 2,490
I visited the place today - It is not yet occupied and the finishes are very poor. But i have someone willing to buy the 3 Bedroom on the block already completed as they want to occupy immediately. Anyone knows a seller? All am getting is on the block under construction.
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
BabaZero
#26 Posted : Wednesday, July 17, 2013 10:11:42 PM
Rank: New-farer


Joined: 5/2/2013
Posts: 16
NextGen park has to be the biggest sham I've seen in the recent past. The finishings aren't that great. No decent laundry area. The rooms are quite small in my opinion compared to other sites I've visited. The extra services that they tout as their selling point i.e. the movie theatre is a total rip-off. I think it only has a capacity of about 20 unless they plan to squeeze people in like a nissan - it looks more like a big living room than a movie theatre.

Surprisingly when I was there (about 3 months ago) I was told that all the phase 1 completed blocks were sold-out way back. I would hazard a guess that most of the buyers are companies and not individuals. I say this because when i was leaving the security guy asked me which company I was from as I filled in the visitor's book. Most names on the visitor's books were company names.
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