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Edermann property
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premio
#31 Posted : Tuesday, June 21, 2016 12:18:35 AM
Rank: Member

Joined: 5/31/2009
Posts: 226
Let the doomsayers and naysayers loose this chance Erderman plans to put up 1000 houses in this site they have done it before for greatwall phase 2 and 3. Its simple rather than take an expensive bank loan why not give an offer for cost to cost and offload 100 unit out of 1000 and make 300m enough capital to push the project to levels and then revert to 7m for the 900units i wish i had the cash remember its 3.5m cash no mortgage no buts i trust them 100%. Cash is king. if u have 10.5m thats a guaranteed 90000pm from 3 flats. those singing plots plots i have seen plots in kitengela for sale over 3 years na haziendi pple want gated community devt
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Jon Jones
#32 Posted : Tuesday, June 21, 2016 9:01:59 AM
Rank: Member

Joined: 9/11/2015
Posts: 245
Location: Thika
Do developers and property managers still charge exorbitant prices for service charges on your own property or has the vice reduced? How do apartment buyers counter this?
Since men have learned to shoot without missing, I have learned to fly without perching
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The Great
#33 Posted : Tuesday, June 21, 2016 9:35:21 AM
Rank: Member

Joined: 9/9/2015
Posts: 233
Jon Jones wrote:
Lately, there is and will continue to be a real estate boom. However, there is a huge shift from buying bare land to buying apartments. As such, I dont foresee the cost of land appreciating at the same rate it used to appreciate before as the middle class avoid buying land and pursue apartments with that money. Developers will continue making a kill in the next few years as land brokers see a decline in the number of land transactions. Any young couple nowadays (most) would opt for an apartment than the bare land in the middle of nowhere. Simply put, it is a bad point in time to speculate on bare land and times have changed.


Any scholarly report being quoted here?
Apartments only attract those who have to be near town and who are being financed by employers who insist on built houses rather than property development eg banks. Otherwise Id rather rent an apartment I cant afford to buy outright and buy 20acres in olepolos
"Buy when there's blood in the streets, even if the blood is your own."
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Sufficiently Philanga....thropic
#34 Posted : Tuesday, June 21, 2016 9:46:41 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
premio wrote:
Let the doomsayers and naysayers loose this chance Erderman plans to put up 1000 houses in this site they have done it before for greatwall phase 2 and 3. Its simple rather than take an expensive bank loan why not give an offer for cost to cost and offload 100 unit out of 1000 and make 300m enough capital to push the project to levels and then revert to 7m for the 900units i wish i had the cash remember its 3.5m cash no mortgage no buts i trust them 100%. Cash is king. if u have 10.5m thats a guaranteed 90000pm from 3 flats. those singing plots plots i have seen plots in kitengela for sale over 3 years na haziendi pple want gated community devt


@Premio, why not use this to buy a 40*80 commercial plot for 1.5M-2M in Eastern bypass areas of Nairobi or those kitengela plots you've talked about and use the rest for construction of apartments?That way, you will be adding value to your plot!
Remember, when you are young(<50), the goal should be capital appreciation and not high rental yeilds.
I know of people who took out mortgages in 2011 for apartments worth 14.5M in Kilimani and 5 years down the line, they are putting them up for sale at the same priceSad

http://www.businessdaily.../-/152iagiz/-/index.html
@SufficientlyP
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  | | Edit by user: Tuesday, June 21, 2016 9:59 AM | Reason: Not specified
Chaka
#35 Posted : Thursday, June 23, 2016 2:54:30 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
I was at the site this morning.My observations:
When completed there will be two access roads.The shorter one is quite bad at the moment.
I measured the 'DSQ' for the 2 BR unit to be about
6 x 5 foot 7 inches(we joked that one will have to get a customized bed measured out and then mounted inside the room}the 3 BR DSQ was not much bigger..
There are no balconies which I didn't like (though there was to be one in the sitting room side initially)There is a common laundry area on the ground floor for all occupants which also looked small(Is that where you would hang your inner clothes to dry?)
The open plan kitchen looked small to me i.e after putting in a medium fridge and cooker
The building will be six floors i,e ground floor plus 5 floors above it.
Some guys I was with were worried that the ground floor may get flooded but this was ruled out by the project planner who said storm water drainage had been taken care of.
The car park will be outside,ie not in the quadrangle inside and all occupants will have one car park(the visitors parking was not well explained.
On the way out,I wonder how one would manoeuvre to join Mombasa rd towards town if the highway is busy..
So,if any of you guys had the 3,5 M,what would you consider a better investment(buy some land and built one bed room units for rental,i,e for one wishing to buy for rental, rather that live there?
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bazuka
#36 Posted : Thursday, June 23, 2016 4:40:30 PM
Rank: New-farer

Joined: 1/26/2014
Posts: 14
Chaka wrote:
bazuka wrote:
I own a unit in an estate very close to the same development (touching Mombasa road). Lived there for a while and it was generally ok but found the commute to CBD and back too hectic so I have rented it out and moved closer. The area is however good if you work in the vicinity.

How many b/r is the unit and what's the rent like?


2bedroom at Everest. Rent is 26k though it ranges between 24k and 26k for others.
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Chaka
#37 Posted : Friday, June 24, 2016 8:51:02 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
bazuka wrote:
Chaka wrote:
bazuka wrote:
I own a unit in an estate very close to the same development (touching Mombasa road). Lived there for a while and it was generally ok but found the commute to CBD and back too hectic so I have rented it out and moved closer. The area is however good if you work in the vicinity.

How many b/r is the unit and what's the rent like?


2bedroom at Everest. Rent is 26k though it ranges between 24k and 26k for others.

Ok,how much was the unit when you bought?
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SpecialAgent
#38 Posted : Friday, June 24, 2016 7:33:49 PM
Rank: Hello

Joined: 6/24/2016
Posts: 1
Location: Nairobi
Yeah, i saw the advert but with my knowledge on developments, its way expensive. Do we have any developers or professionals in the construction industry in this forum? If yes, lets talk i have a good deal for you.
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wago
#39 Posted : Sunday, August 28, 2016 1:40:07 PM
Rank: Hello

Joined: 6/20/2016
Posts: 1
Heard the show house is ready. Does anyone have pictures of the showhouse? Thanks
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wanyee
#40 Posted : Sunday, August 28, 2016 8:07:31 PM
Rank: Member

Joined: 7/17/2011
Posts: 627
Location: Mbui-Nzau, Kikumbulyu
Chaka wrote:
I was at the site this morning.My observations:
When completed there will be two access roads.The shorter one is quite bad at the moment.
I measured the 'DSQ' for the 2 BR unit to be about
6 x 5 foot 7 inches(we joked that one will have to get a customized bed measured out and then mounted inside the room}the 3 BR DSQ was not much bigger..
There are no balconies which I didn't like (though there was to be one in the sitting room side initially)There is a common laundry area on the ground floor for all occupants which also looked small(Is that where you would hang your inner clothes to dry?)
The open plan kitchen looked small to me i.e after putting in a medium fridge and cooker
The building will be six floors i,e ground floor plus 5 floors above it.
Some guys I was with were worried that the ground floor may get flooded but this was ruled out by the project planner who said storm water drainage had been taken care of.
The car park will be outside,ie not in the quadrangle inside and all occupants will have one car park(the visitors parking was not well explained.
On the way out,I wonder how one would manoeuvre to join Mombasa rd towards town if the highway is busy..
So,if any of you guys had the 3,5 M,what would you consider a better investment(buy some land and built one bed room units for rental,i,e for one wishing to buy for rental, rather that live there?

Joining Mombasa road via cabro paved road they are finishing and on to the tunnell in the Namanga road junction..quite easy ...Hill city can be a specualtive score based on the plans i gather of a mini Upper Hill up.coming
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  | | Edit by user: Sunday, August 28, 2016 8:09 PM | Reason: Not specified
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