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Eastlands Plots - Good Areas for Apartment Blocks
Rank: Member Joined: 1/22/2011 Posts: 322 Location: Chicago, IL, USA
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Thoughts guys?
It seems that this area is ripe for property investment. Can anyone recommend specific areas, recommended sizes (in stories) of apartment buildings per area, and even banks that smile on such development?
Thanks guys.
Best,
Hill
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Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa
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with the bypass in the pipeline, areas along outer ring road may be advisable. question is whether you can find 'clean' land. Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Rank: New-farer Joined: 8/25/2012 Posts: 32
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Good roads may mean decongesting nairobi.
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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jasonhill wrote:Thoughts guys?
It seems that this area is ripe for property investment. Can anyone recommend specific areas, recommended sizes (in stories) of apartment buildings per area, and even banks that smile on such development?
Thanks guys.
Best,
Hill Donholm, TENA, INNERCORE and Pipeline are very good areas. Our friend waititu though has a lot of interest in the latter and I would rather you avoid like plague. He's not a guy to border, but that's Just my opinion. 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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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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jasonhill wrote:Thoughts guys?
It seems that this area is ripe for property investment. Can anyone recommend specific areas, recommended sizes (in stories) of apartment buildings per area, and even banks that smile on such development?
Thanks guys.
Best,
Hill How is JPMorgan?This is headline news as a VP for JPMorgan is seeking investments in Nairobi and particularly Eastlands.
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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mawinder wrote:jasonhill wrote:Thoughts guys?
It seems that this area is ripe for property investment. Can anyone recommend specific areas, recommended sizes (in stories) of apartment buildings per area, and even banks that smile on such development?
Thanks guys.
Best,
Hill How is JPMorgan?This is headline news as a VP for JPMorgan is seeking investments in Nairobi and particularly Eastlands. Wewe washa Uongo..  JP wants to open shop in NBO and got a license few days ago http://www.businessdaily...8/-/vwlqcd/-/index.html
But not to build in eastlands. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Member Joined: 1/22/2011 Posts: 322 Location: Chicago, IL, USA
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I will be at the fashion show at Tribe tonight if you would like to chat. Best, Hill mawinder wrote:jasonhill wrote:Thoughts guys?
It seems that this area is ripe for property investment. Can anyone recommend specific areas, recommended sizes (in stories) of apartment buildings per area, and even banks that smile on such development?
Thanks guys.
Best,
Hill How is JPMorgan?This is headline news as a VP for JPMorgan is seeking investments in Nairobi and particularly Eastlands.
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Rank: Elder Joined: 6/23/2009 Posts: 13,620 Location: nairobi
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funny.. people think land is cheap in eastlands.. how wrong!!!
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: New-farer Joined: 10/3/2013 Posts: 15
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obiero wrote:funny.. people think land is cheap in eastlands.. how wrong!!! The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M.
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Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa
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jasonhill wrote:I will be at the fashion show at Tribe tonight if you would like to chat. Best, Hill mawinder wrote:jasonhill wrote:Thoughts guys?
It seems that this area is ripe for property investment. Can anyone recommend specific areas, recommended sizes (in stories) of apartment buildings per area, and even banks that smile on such development?
Thanks guys.
Best,
Hill How is JPMorgan?This is headline news as a VP for JPMorgan is seeking investments in Nairobi and particularly Eastlands. or you could just post your email address if you are interested in buying @Teller1, do you have an idea if how much land in tassia is going for? Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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obiero wrote:funny.. people think land is cheap in eastlands.. how wrong!!! Selling my plot in utawala near tarmaid, commercial and 40x80 for 1.2m negotiable
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Teller1 wrote:obiero wrote:funny.. people think land is cheap in eastlands.. how wrong!!! The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M. I think it has something to do with returns. Karen is high investment low return area while Eastlands is low investment high return. What do I mean....In Karen you will buy land at 30M and maybe put up 4 nice houses at 10M each.The same will earn you 100k per month thus 400k. So total investment is 30M + 40M=70M and returns of 400k In Eastland you will buy 40×60 at 7M and put up 5 floors of studio apartments with 10apartments per floor at 4M per floor thus 20M for the entire building. Returns will be 10k per aparment, 100k per floor, 500k for the building So total investment 7M+20M=27M Returns.....500k Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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A new trend where previous expensive lands around Sigona, Kiambu, Ndumberi,Kikuyu, Thika road, Limuru etc are now cheaper than newer areas such as kitengela and rongai. A 1/8th touching tarmac in Sigona is 6m while the same in kitengela/rongai is 8m. Sigona is 22km from cbd while kitengela is 32km and rongai is 21km. Sigona has older, mature infrastructure while rongai and kitengela have fewer newer infrastructure eg schools, hospitals, police stations etc. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Member Joined: 6/17/2010 Posts: 572
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Bigchick wrote:Teller1 wrote:obiero wrote:funny.. people think land is cheap in eastlands.. how wrong!!! The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M. I think it has something to do with returns. Karen is high investment low return area while Eastlands is low investment high return. What do I mean....In Karen you will buy land at 30M and maybe put up 4 nice houses at 10M each.The same will earn you 100k per month thus 400k. So total investment is 30M + 40M=70M and returns of 400k In Eastland you will buy 40×60 at 7M and put up 5 floors of studio apartments with 10apartments per floor at 4M per floor thus 20M for the entire building. Returns will be 10k per aparment, 100k per floor, 500k for the building So total investment 7M+20M=27M Returns.....500k no one will pay 10k for a studio in the east, the best you could do is 6.5k, 10k is one bedroom prices 'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Better try Kiambu, Ruaka, Ruiru, Juja, Thika. New, cheaper, less congested n promising frontiers. Eastlando imechapa siku hizi. TULIA.........UFUNZWE!
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Rank: Elder Joined: 7/22/2009 Posts: 7,503
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Teller1 wrote:obiero wrote:funny.. people think land is cheap in eastlands.. how wrong!!! The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M. 30M for an acre in Karen??? Which part of Karen? Ama ni Karen View?? Wewe ni mchezo uko nayo! Weka contacts of one such seller ama link. Na sio link za KamitiOnline! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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MaichBlack wrote:Teller1 wrote:obiero wrote:funny.. people think land is cheap in eastlands.. how wrong!!! The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M. 30M for an acre in Karen??? Which part of Karen? Ama ni Karen View?? Wewe ni mchezo uko nayo! Weka contacts of one such seller ama link. Na sio link za KamitiOnline! Should have been 40m for Karen. http://karen.olx.co.ke/karen-9acres-land-for-sale-40m-p-a-iid-576885796The main issue is that an acre in eastlands will cost you 56m (7m per 1/8) while one in Karen is just 40m. Also if you develop some property, eastlands will give you better returns than Karen.
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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vky wrote:Bigchick wrote:Teller1 wrote:obiero wrote:funny.. people think land is cheap in eastlands.. how wrong!!! The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M. I think it has something to do with returns. Karen is high investment low return area while Eastlands is low investment high return. What do I mean....In Karen you will buy land at 30M and maybe put up 4 nice houses at 10M each.The same will earn you 100k per month thus 400k. So total investment is 30M + 40M=70M and returns of 400k In Eastland you will buy 40×60 at 7M and put up 5 floors of studio apartments with 10apartments per floor at 4M per floor thus 20M for the entire building. Returns will be 10k per aparment, 100k per floor, 500k for the building So total investment 7M+20M=27M Returns.....500k no one will pay 10k for a studio in the east, the best you could do is 6.5k, 10k is one bedroom prices Fair.........still at 6.5k the return is 325k.It is still higher thsn Karen. Meanwhile is Embakassi pipeline etc part of Eastlands? If yes studios are fetching as much.Speaking from a point of knowledge. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Hello Joined: 10/4/2013 Posts: 8
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Bigchick wrote:vky wrote:Bigchick wrote:Teller1 wrote:obiero wrote:funny.. people think land is cheap in eastlands.. how wrong!!! The area is the most expensive in Nairobi. Doonholm a 40*60 7M, an acre in Karen 30M. I think it has something to do with returns. Karen is high investment low return area while Eastlands is low investment high return. What do I mean....In Karen you will buy land at 30M and maybe put up 4 nice houses at 10M each.The same will earn you 100k per month thus 400k. So total investment is 30M + 40M=70M and returns of 400k In Eastland you will buy 40×60 at 7M and put up 5 floors of studio apartments with 10apartments per floor at 4M per floor thus 20M for the entire building. Returns will be 10k per aparment, 100k per floor, 500k for the building So total investment 7M+20M=27M Returns.....500k no one will pay 10k for a studio in the east, the best you could do is 6.5k, 10k is one bedroom prices Fair.........still at 6.5k the return is 325k.It is still higher thsn Karen. Meanwhile is Embakassi pipeline etc part of Eastlands? If yes studios are fetching as much.Speaking from a point of knowledge. You can also buy a 33x66 in Embakassi pipeline area and build 77 or 88 single rooms ( 7 floors) and fetch a cool figure every month...
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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You can also buy a 33x66 in Embakassi pipeline area and build 77 or 88 single rooms ( 7 floors) and fetch a cool figure every month...[/quote]
Nairobi building code states clearly that any building with more than three floors should have elevators. Not sure about the size of the room and ventilation. We don't want anyone in future to loose his hard earned investment
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