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Greatwall Apartments - whats your take?
a4architect.com
#31 Posted : Tuesday, May 06, 2014 8:03:48 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Pesa Nane wrote:
Coolbull wrote:

@a4architect - you've made me cringe. I was in one building, built next to a road and when cars passed outside one would feel like the vehicles were in the next room. A minor tremor will bring the building down. I think that building was put up by watu wa mkono from a nearby site on their way home.

@Coolbull, citizen duty! Name and shame before they collapse on us.

@a4architect, is this project suspect?


@pesa nane, the only fool proof method to check on structural integrity of a project is to ask the seller if he can give you the structural engineer's contacts so that you can verify his capacity to design such a structure. Verification is simple. If he is registered by ERB, then its safely assumed he can handle such a building. You can go further and consult an independent structural engineer for a more deeper analysis. Currently, there is a machine that structural engineers connect to a laptop then it automatically gives the structural design of the building, like sort of an x ray where it analyses how the chumas inside have been set up. Such analyses are good for people who are buying a complete building as opposed to an individual apartment whereby the risk is quite small.
As Iron Sharpens Iron, So one Man Sharpens Another.
Swenani
#32 Posted : Thursday, May 26, 2016 1:02:24 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Going for Kshs 4.8 Million in 2016.

Fixed interest rate of 5.5% per year.Max installments of 25 years
If Obiero did it, Who Am I?
Horton
#33 Posted : Thursday, May 26, 2016 2:00:05 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
@swenani/ others anyone know what the rental market in this area is like? Yields? How hard is it to get a Tenant ?
maka
#34 Posted : Thursday, May 26, 2016 2:10:12 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Horton wrote:
@swenani/ others anyone know what the rental market in this area is like? Yields? How hard is it to get a Tenant ?


rent is like 25-28k....phase 3
possunt quia posse videntur
Horton
#35 Posted : Thursday, May 26, 2016 8:03:30 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Thanks maka. Not bad. 6% but i dont expect much capital appreciation there.
obiero
#36 Posted : Thursday, May 26, 2016 9:30:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
Horton wrote:
@swenani/ others anyone know what the rental market in this area is like? Yields? How hard is it to get a Tenant ?

Tenant kukosa nairobi ngumu
COOP, IMH, KEGN, KQ, MTNU
rurinjaa
#37 Posted : Friday, May 27, 2016 5:36:00 AM
Rank: New-farer

Joined: 7/10/2013
Posts: 29
Hi good people of Wazua. How much would a two bedroom bungalow with a front yard and a small backyard cost in Imara Daima. The owner is asking 7m, has a pathway to the backyard close to the railway station and all fenced in by a stone wall. price is a little negotiable but would like to know what is the going price of similar houses in the neighborhood. Any help?
Horton
#38 Posted : Friday, May 27, 2016 6:29:29 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
obiero wrote:
Horton wrote:
@swenani/ others anyone know what the rental market in this area is like? Yields? How hard is it to get a Tenant ?

Tenant kukosa nairobi ngumu

Mr obiero the middle markets eg kilimani are struggling with a glut rent coming down there
obiero
#39 Posted : Friday, May 27, 2016 6:49:01 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
Horton wrote:
obiero wrote:
Horton wrote:
@swenani/ others anyone know what the rental market in this area is like? Yields? How hard is it to get a Tenant ?

Tenant kukosa nairobi ngumu

Mr obiero the middle markets eg kilimani are struggling with a glut rent coming down there

Rent coming down. Not that wamekosa tenants
COOP, IMH, KEGN, KQ, MTNU
Ryko
#40 Posted : Saturday, May 28, 2016 1:28:54 AM
Rank: Member

Joined: 5/27/2016
Posts: 274
Location: Pub
Got a house near greatwall. I think there lots of apartments mushrooming around and they keep growing. The apartments around are also not full camden(share a wall with great wall), Bluebell safcom (opposite greatwall) and they still building others.
I think the rents will come down or stay low in the long run. Unless the railway projects makes more people to move towards the area.
I work so I can afford the amount of alcohol required to continue going to work
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