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119 masionettes in Kiambu County to be auctioned.
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hardwood
#11 Posted : Wednesday, February 07, 2018 4:10:39 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
wukan wrote:
hardwood wrote:
I think the biggest problem for the company is the location of their developments. They forgot the no.1 rule in real estate development, which is location, location, location. I saw one of their developments somewhere near namanga and wondered who they were targeting, unless it is a retirement home.


You mean kitisuru is a bad locationd'oh! d'oh!


The development is somewhere in mwimuto, not kitisuru. Check their website. I believe that reduces the number of potential buyers.
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mulla
#12 Posted : Wednesday, February 07, 2018 6:11:09 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
hardwood wrote:
wukan wrote:
hardwood wrote:
I think the biggest problem for the company is the location of their developments. They forgot the no.1 rule in real estate development, which is location, location, location. I saw one of their developments somewhere near namanga and wondered who they were targeting, unless it is a retirement home.


You mean kitisuru is a bad locationd'oh! d'oh!


The development is somewhere in mwimuto, not kitisuru. Check their website. I believe that reduces the number of potential buyers.


Mwimuto is not a very enviable nor safe location, despite it neighbouring Kitisuru.
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hardwood
#13 Posted : Wednesday, February 07, 2018 7:21:53 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
mulla wrote:
hardwood wrote:
wukan wrote:
hardwood wrote:
I think the biggest problem for the company is the location of their developments. They forgot the no.1 rule in real estate development, which is location, location, location. I saw one of their developments somewhere near namanga and wondered who they were targeting, unless it is a retirement home.


You mean kitisuru is a bad locationd'oh! d'oh!


The development is somewhere in mwimuto, not kitisuru. Check their website. I believe that reduces the number of potential buyers.


Mwimuto is not a very enviable nor safe location, despite it neighbouring Kitisuru.

Also I think we should give them credit for venturing into the area.Just like Suraya did targeting the periphery and transforming those areas. Mwimuto is next to kitisuru and "leafy" and thus has enormous potential as Nairobi expands.
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Rahatupu
#14 Posted : Sunday, February 18, 2018 12:01:20 PM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
116 non storey units on 5 acres means the plinth area of these houses is very small.
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webish
#15 Posted : Tuesday, February 20, 2018 8:15:11 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Rahatupu wrote:
116 non storey units on 5 acres means the plinth area of these houses is very small.


Very True.

Life is joy, death is peace, but the transition is very difficult.
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Angelica _ann
#16 Posted : Tuesday, February 20, 2018 9:27:34 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
webish wrote:
Rahatupu wrote:
116 non storey units on 5 acres means the plinth area of these houses is very small.


Very True.


This was evident from the pictures of the massionattes. Yet from the adverts/selling point, the impression they were giving was that of spacious homes with nice grounds/lawns!!!! Part of their undoing.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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