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Oasis East Park - prices announced
DonBen
#1 Posted : Thursday, March 25, 2010 8:31:38 AM
Rank: Member

Joined: 8/4/2009
Posts: 144
The project is known as Oasis East Park (OEP) and is spearheaded by Redall Capital Limited (RCL) through Oasis Syndicate, the Special Purpose Vehicle incorporated to undertake the project. Located just off the Eastern Bypass, 8kms from the busy Thika Road and 11Kms from the JKIA, the project is well away from the hustle and bustle of the city, yet conveniently close to major transport arteries leading into the business district. The development itself will be on an expansive piece of land that was selected with serenity and wellness in mind. Prices as announced in todays nation newspaper: Type A Kivuli - 1238sqft - Kshs. 2.7m An elegant 3- bedroom bungalow (ensuite) on a 1/16 acre garden. it has sizeable living room, airy kitchen with store, self contained servant's quarter and a carport for 2 cars Type B: Chemi Chemi - 1302 sq.ft. - Kshs 2.9m Just as beautiful but larger, this bungalow sits on 1/12 acre garden. It has 3 bedrooms (ensuite) with a sizeable living room, kitchen with store, self contained servant's quarters and a carport for 2 cars Type C: Starehe - 1625 sq.ft. - Kshs. 3.3m This one sits on 1/8 acre garden. it has 3 bedrooms (ensuite), kitchen with a large store, spacious living room, separate dining room, visitor's washroom, self contained double servant's quarters and a carport for 2 cars. http://redallcapital.co.ke/
Rahatupu
#2 Posted : Thursday, March 25, 2010 8:44:35 AM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
A visit should reveal more details. @DonBen, weka map to this site pls
Pablo
#3 Posted : Thursday, March 25, 2010 8:47:08 AM
Rank: Member

Joined: 3/17/2008
Posts: 567
Location: Nairobi
What is 1/16 of an acre 50 by 50? Anyone knows the Plinth area?
mv_ufanisi
#4 Posted : Thursday, March 25, 2010 10:03:08 AM
Rank: Member

Joined: 1/15/2010
Posts: 625
So who are the people behind this project? What is the safety record? I think most investors in Kenya are very keen to know these details first. Right now it's just a website.
guru267
#5 Posted : Thursday, March 25, 2010 11:14:47 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i read about this project last I was in kenya but their pricing of the houses doesn't make any sense.. its only 600k difference between the the lowest price and the highest price... if i were buying a house, i would definately look for that 600k and get the best... if it were here in kampala the price range can even go as high as something like 2.5million..
Mark 12:29 Deuteronomy 4:16
tuvok
#6 Posted : Thursday, March 25, 2010 11:36:31 AM
Rank: Member

Joined: 5/2/2007
Posts: 536
Must be on the bypass between Thika Road and MSA Road. I'd also be interested in safety record, past record. I've a friend who's been waiting 3+ years for a house to be completed, only to be told to add some money or the bank will take over the thing and sell the house and only return to you what u put in at the onset.
Capri
#7 Posted : Thursday, March 25, 2010 11:47:54 AM
Rank: Member

Joined: 5/13/2008
Posts: 51
Going by previous posts here where construction cost is said to be approx 25K per SQ Meter, then these houses would, if finishes are of high quality, be worth around 2.87 M for the 115 sqm, 3 m for the 120 sqm and 3.75m. Even if there are economies of scale then the stated selling prices seem to be very competitive, factoring in the cost of land, landscaping, amenities such as roads & lighting etc etc. Or am I missing something ??
digitek1
#8 Posted : Thursday, March 25, 2010 12:14:40 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
@ capri- they are using hydraform blocks..(not stones as in the pic above??) hence cost per sq meter comes down by about 35%- their words not mine
I may be wrong..but then I could be right
Intelligentsia
#9 Posted : Friday, March 26, 2010 10:04:58 AM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
digitek1 wrote:
@ capri- they are using hydraform blocks..(not stones as in the pic above??) hence cost per sq meter comes down by about 35%- their words not mine
@digitek1 - would you know any local company dealing in hydraform blocks? There was a time some wazuan was asking for same but no local co. was mentioned if i recall correctly
Seeders
#10 Posted : Friday, March 26, 2010 10:52:24 AM
Rank: Member

Joined: 2/17/2010
Posts: 234
Location: Nairobi
aargghh! cant any developer nowadays include a picture of a real house? hope its not another jopa villas!
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