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obiero		#211 Posted : Monday, September 17, 2018 8:50:18 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi		obiero wrote: Jamani wrote: obiero wrote: webish wrote: Gordon Gekko wrote: webish wrote: kasibitta wrote: One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad. Exactly.. But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m....... Indeed. Nyayo Estate Resident Association is on the right track.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m https://www.facebook.com...mmunity/744138352291186 Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!! Selling price average still very low at KES 8m COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Angelica _ann		#212 Posted : Monday, September 17, 2018 10:42:07 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,941		obiero wrote: obiero wrote: Jamani wrote: obiero wrote: webish wrote: Gordon Gekko wrote: webish wrote: kasibitta wrote: One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad. Exactly.. But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m....... Indeed. Nyayo Estate Resident Association is on the right track.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m https://www.facebook.com...mmunity/744138352291186 Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!! Selling price average still very low at KES 8m For the older phases is around +8m, what about the new phases have they reached 10m? 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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obiero		#213 Posted : Monday, September 17, 2018 10:52:54 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi		Angelica _ann wrote: obiero wrote: obiero wrote: Jamani wrote: obiero wrote: webish wrote: Gordon Gekko wrote: webish wrote: kasibitta wrote: One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad. Exactly.. But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m....... Indeed. Nyayo Estate Resident Association is on the right track.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m https://www.facebook.com...mmunity/744138352291186 Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!! Selling price average still very low at KES 8m For the older phases is around +8m, what about the new phases have they reached 10m? KES 8m for the new phases. Old phase KES 7.5m minimum COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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hardwood		#214 Posted : Monday, September 17, 2018 11:54:46 PM
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay		obiero wrote: Angelica _ann wrote: obiero wrote: obiero wrote: Jamani wrote: obiero wrote: webish wrote: Gordon Gekko wrote: webish wrote: kasibitta wrote: One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad. Exactly.. But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m....... Indeed. Nyayo Estate Resident Association is on the right track.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m https://www.facebook.com...mmunity/744138352291186 Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!! Selling price average still very low at KES 8m For the older phases is around +8m, what about the new phases have they reached 10m? KES 8m for the new phases. Old phase KES 7.5m minimum The appreciation rate is quite low. I know someone who bought at 5.5m in 2010. Meaning value has gone up by only 2m in 8yrs.
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obiero		#215 Posted : Tuesday, September 18, 2018 9:47:50 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi		hardwood wrote: obiero wrote: Angelica _ann wrote: obiero wrote: obiero wrote: Jamani wrote: obiero wrote: webish wrote: Gordon Gekko wrote: webish wrote: kasibitta wrote: One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad. Exactly.. But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m....... Indeed. Nyayo Estate Resident Association is on the right track.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m https://www.facebook.com...mmunity/744138352291186 Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!! Selling price average still very low at KES 8m For the older phases is around +8m, what about the new phases have they reached 10m? KES 8m for the new phases. Old phase KES 7.5m minimum The appreciation rate is quite low. I know someone who bought at 5.5m in 2010. Meaning value has gone up by only 2m in 8yrs. Plus average rental income of KES 3,072,000 for the 8 year period in review.. Decent return, not excellent, but definitely decent COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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wukan		#216 Posted : Tuesday, September 18, 2018 3:17:56 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,660		obiero wrote: obiero wrote: Jamani wrote: obiero wrote: webish wrote: Gordon Gekko wrote: webish wrote: kasibitta wrote: One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad. Exactly.. But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m....... Indeed. Nyayo Estate Resident Association is on the right track.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m https://www.facebook.com...mmunity/744138352291186 Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!! Selling price average still very low at KES 8m The yield is low assuming monthly rent of 35K on 8M that's 5.25%. For 10m I will need to charge 50K rent. 10m is two apartments huko Eastleigh and I get 70k rent...maoni tu!!
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nyakosh		#217 Posted : Tuesday, September 18, 2018 3:47:46 PM
Rank: New-farer Joined: 8/14/2013 Posts: 20 Location: Copenhagen		I think not every purchase should be classified as investment, some do not pay back as such but they they offer the convenience like accommodation while the owner is investing in other locations or sectors that can pay back. Problems can be very complicated, solutions cannot be.
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wukan		#218 Posted : Tuesday, September 18, 2018 4:10:43 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,660		nyakosh wrote: I think not every purchase should be classified as investment, some do not pay back as such but they they offer the convenience like accommodation while the owner is investing in other locations or sectors that can pay back. That convenience is expressed in market as rent. The market is only willing to pay 35k for that convenience so a good price for the units is 7.5M
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MugundaMan		#219 Posted : Tuesday, September 18, 2018 4:19:07 PM
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)		obiero wrote: MugundaMan wrote: -Second largest estate in Africa hosting over 40,000 residents -Shockingly; a Nyayo project run by NSSF and it actually worked and still works! - Clean, beautiful and superbly run (compare with BuruBuru ) - Kwelicompetent and efficient management makes all the difference. Rules, bylaws and regulations STRICTLY regulated. Kudos to the managers - No single pothole, no garbage piles - Biggest reinforced concrete water reservoir in the country storing 6 million litres. - Each homeowner must have a car sticker to access the estate - A whopping 288 security officers ensuring complete peace for residents. Can leave your door unlocked by mistake and come back and find everything intact. All packages inspected per court and owner has to agree in writing for anything to be ferried out of their apartment! - Super clean. Accoutable management - Has won two awards: cleanest estate in Africa - Only kshs 2500 service charge! Covers all services - Houses are in high demand as mortgages were available for 15 years at decent rates The only negative - water issues - common all over Nairobi. Yet even this has been solved with an internal rationing system! Entirely run by funding from residents, causing them to rarely miss water! And they have dug 6 boreholes..one per phase! Kenyans, we can do this! Let this be the gold standard for all other mega housing projects covered by the big 4 otherwise we will litter the country with hundreds of BurBurus! Existing estates can still be restored to glory by getting the right management following the principles above. Dustbowl developers, let's apply this to our projects as well. Tusiachwe nyuma jameni. Let us apply the same principles from day one in all the estates from day one in order to leave a good housing legacy for our great great grandkids and make our dustbowl new cities model cities for Kenya . Ni hayo maoni yangu tu! Well done to the young journalist for this interesting series Obiero, Plagiarism will finish you oo. At least acknowledge source thread and provide link to original thread before pinching my entire post wholesale, jameni Double M
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obiero		#220 Posted : Wednesday, September 19, 2018 12:31:14 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,476 Location: nairobi		wukan wrote: obiero wrote: obiero wrote: Jamani wrote: obiero wrote: webish wrote: Gordon Gekko wrote: webish wrote: kasibitta wrote: One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad. Exactly.. But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m....... Indeed. Nyayo Estate Resident Association is on the right track.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m https://www.facebook.com...mmunity/744138352291186 Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!! Selling price average still very low at KES 8m The yield is low assuming monthly rent of 35K on 8M that's 5.25%. For 10m I will need to charge 50K rent. 10m is two apartments huko Eastleigh and I get 70k rent...maoni tu!! Wait.. Rent for a three bedroom apartment in Eastleigh is KES 70,000 per month? COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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