Ethiteri wrote:
NB:-Thika Greens has also gone burst.Plots being sold at the original price of 2009 to clear debt ya Equity.
What was the original price? How can I get a piece of the pie (Hoping they don't have Kamuthi Gimmicks!)
The real estate bubble is slowly deflating (if not bursting!) The number of real estate firms holding onto unsold plots is very high!!
The fellows who were selling overpriced plots next to Juja mall (with "55% sold") have returned the ka advert next to the plots one year later. Still "55% sold". Same price.
The Ruiru Greens guys are still at "90% sold" many months and billboards later!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.