3 million for an 1/8th doesn't sound like a 2009 price!

I talked to Equity Thika and visited the site.This is what I found out.

1.The plots on sale by Equity were about 100 and 97 have been bought.They were selling at between 5M and 6.5M depending on location.The 3 remaining have got huge "craters" and major backfilling will be required.I guess here one can bargain.

2.The said Equity plots are also "huko mwisho"

3.At a glance the project is well done,the club is beautiful and so are the prices.Security looks good and afew people have built and moved in.Beautiful units I must say.

4.If one is interested in buying now near the golf course/clubhouse then you look for an original member who wishes to sell and they are ranging from 9.8M to 12M. The company does have afew of their own still on offer at between 8.5M to 12M again dependent on location and let me add greed of the company.

All plots are 1/4 size.

By the way the original members of the land sold out for a pittance. They were offered money or a chance to be a part of the project and they took the money. I think it was like 200k per share and a share must have been equivalent to more than an acre. Can't remember the exact details.

A friend of mine tells me he actually got into the bad books of his dad to an extent they stopped talking for quite some time because he adviced him not to take the money and instead be part of the project. The fellow was on his first job then and the dad (the Michuki type) was wondering what the "young boy" was telling him yet he did not own even a plot big enough to build a toilet! The dad, grandmother and many others took 200k × number of shares and the rest is history.

Not bad price relative to prices in that area and also the future outlook of the place.My only beef is the segregatiob where the entrance to Phase 1 iko on the Kandara road while the phase II is elsewhere

Phase II is the in thing.Its where the golf course and club is.It also has all those other ammenities of a gated community.Its what you see along the Nairobi Muranga highway.Though some plots are "huko kwa kahawa"

And there is a phase III I hear.

@Ethiteri how about the gated communities coming up along Gatanga road. Is there one you can recommend. How is Urithi? Is it solid or it will go the Kamuthi way?