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Apartments near Casablanca
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Tgoldman
#1 Posted : Friday, June 13, 2014 12:21:27 AM
Rank: New-farer

Joined: 1/16/2012
Posts: 56
Hi Wazuans. Just wanted your take on 3bd 183m2 @ 22m. Am I right to say, its borderline bonkers. Mhy take is price should not exceed 17M? Your take folks and pleasant weekend ahead. WTF!!!
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a4architect.com
#2 Posted : Friday, June 13, 2014 9:33:54 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
give us a google maps locaation for the apartments.
As Iron Sharpens Iron, So one Man Sharpens Another.
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Tgoldman
#3 Posted : Friday, June 13, 2014 10:35:57 AM
Rank: New-farer

Joined: 1/16/2012
Posts: 56
Cullinan Apartments. It is a Chinese investments on the left of Casabalanca chaka road.
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Vj
#4 Posted : Friday, June 13, 2014 10:46:55 AM
Rank: New-farer

Joined: 9/6/2010
Posts: 97
Location: nairobi, kenya
22 is on the higher side, you should pay around 19 M for that location and size, but it also depends on finishes and amenities. There are quite a number of apartments being built in the area so shop around, and if you want a good deal try buy into projects where construction has just commenced or they haven't done a sample house yet. Personally I increase prices of units by 7.5% with every 20% of the project being sold. So if you have time, get in early pay slowly over 1 year and save around 20%
Before you can be be old and wise, you must first be young and stupid.
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a4architect.com
#5 Posted : Friday, June 13, 2014 11:22:02 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@tgoldman, price works out to kes 13k per sq ft. Its a good buy since this is in the range of 13 to 16k per sq ft around Nairobi. Profits and good returns can be realised if you rent it out at market rates of btn kes 100 to kes 140 per sq ft, which is hard to get from a residential user. Commercial/office space use will give best returns.
As Iron Sharpens Iron, So one Man Sharpens Another.
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Fyatu
#6 Posted : Friday, June 13, 2014 3:36:43 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,822
Location: Nakuru
Tgoldman wrote:
Hi Wazuans. Just wanted your take on 3bd 183m2 @ 22m. Am I right to say, its borderline bonkers. Mhy take is price should not exceed 17M? Your take folks and pleasant weekend ahead. WTF!!!
you mean there are enough wana-ninchi(RIP Njenga Karume) who can afford this insane figures that keep on flying here on wazua? if yes, then why is RAO insisting that the same wana-ninchi are sufferers and hence the need for national dialogue? Are Kenyans that liquid?
Dumb money becomes dumb only when it listens to smart money
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maka
#7 Posted : Friday, June 13, 2014 6:00:52 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Fyatu wrote:
Tgoldman wrote:
Hi Wazuans. Just wanted your take on 3bd 183m2 @ 22m. Am I right to say, its borderline bonkers. Mhy take is price should not exceed 17M? Your take folks and pleasant weekend ahead. WTF!!!
you mean there are enough wana-ninchi(RIP Njenga Karume) who can afford this insane figures that keep on flying here on wazua? if yes, then why is RAO insisting that the same wana-ninchi are sufferers and hence the need for national dialogue? Are Kenyans that liquid?
A few are...just ask any advocate who works for a top notch firm how many such transactions they do per week...rem J.M Kariuki's quote..."Kenya has become a nation of 10 millionaires and 10 million beggars."
possunt quia posse videntur
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butterflyke
#8 Posted : Friday, June 13, 2014 11:41:20 PM
Rank: Elder

Joined: 5/1/2010
Posts: 3,024
Location: Hapa
Vj wrote:
22 is on the higher side, you should pay around 19 M for that location and size, but it also depends on finishes and amenities. There are quite a number of apartments being built in the area so shop around, and if you want a good deal try buy into projects where construction has just commenced or they haven't done a sample house yet. Personally I increase prices of units by 7.5% with every 20% of the project being sold. So if you have time, get in early pay slowly over 1 year and save around 20%
i second
Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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wal6807
#9 Posted : Sunday, June 15, 2014 6:05:56 AM
Rank: Member

Joined: 5/4/2011
Posts: 116
kilimani is really going to be crowded in he near future , kwanza the area aound this place i keep wondering where are the playgrounds parks , footpaths?? i wonder who looks at this things nowdays in Kanjo ama they are re-zoning left right bila mpango ? - the prices we pay in Nairobi with very low quality services to match does not make sense , some places one can buy just to rent out
"Children today are tyrants. They contradict their parents, gobble their food, and tyrannize their teachers." •Socrates (470?-399 BC)
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Gordon Gekko
#10 Posted : Sunday, June 15, 2014 7:48:53 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
wal6807 wrote:
kilimani is really going to be crowded in he near future , kwanza the area aound this place i keep wondering where are the playgrounds parks , footpaths?? i wonder who looks at this things nowdays in Kanjo ama they are re-zoning left right bila mpango ? - the prices we pay in Nairobi with very low quality services to match does not make sense , some places one can buy just to rent out
Megacities, Nairobi is on the way there.
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