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hardwood
#21 Posted : Friday, January 25, 2019 5:25:21 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
kawi254 wrote:
Ryko wrote:
Close to 3K houses in Ngara, unlike Kenyan contractors the project will be executed, infact very fast. Why do I think this project will impact things like rent within Ngara/pangani... I even think it may also impact house/apartment sellers withing Pangani/Ngara for some years by bringing costs down





The London Grenfell tower fire tragedy comes to mind.

Nairobi Fire department should first upgrade fire fighting equipment and skills before approval for this project.


Hehe. Wakenya see problems in every solution. Sasa huyu ameona moto.
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jmbada
#22 Posted : Friday, January 25, 2019 5:33:46 PM
Rank: Member

Joined: 1/1/2011
Posts: 396
hardwood wrote:
kawi254 wrote:
Ryko wrote:
Close to 3K houses in Ngara, unlike Kenyan contractors the project will be executed, infact very fast. Why do I think this project will impact things like rent within Ngara/pangani... I even think it may also impact house/apartment sellers withing Pangani/Ngara for some years by bringing costs down





The London Grenfell tower fire tragedy comes to mind.

Nairobi Fire department should first upgrade fire fighting equipment and skills before approval for this project.


Hehe. Wakenya see problems in every solution. Sasa huyu ameona moto.

😂😂true. That was such a specific issue. Narrowed down to the external cladding used for "re-deressing" an older, retroffitted construction.If the point is that firefighting capability needs improvement then that is well taken. But refusing to approve a project because you do not believe that you can stop a fire (accidental or otherwise) is a non-starter.
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  | | Edit by user: Friday, January 25, 2019 5:37 PM | Reason: Not specified
tom_boy
#23 Posted : Friday, January 25, 2019 9:29:33 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
I think its a great development. It will change the face of Ngara. Expect rent upwards of 40k for 2bedroom and 25k for 1 bedroom.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Thornbird
#24 Posted : Saturday, January 26, 2019 12:23:26 AM
Rank: New-farer

Joined: 12/13/2018
Posts: 29
Can you imagine with our unreliable power (envision the elevators being out of service and dark hallways) and not to mention the unreliability of our water supply, that would definitely become a high rise slum. Who will the management be? What about the cleanliness of the public areas and garbage disposal for that huge and dense population? How professional and timely will they be at resolving tenant issues?

hardwood wrote:
winmak wrote:
Sounds like a high rise slum in the offing


What makes them a high rise slum? Hong Kong has even taller highrise apartment blocks. China man is only bringing similar building technology to kenya.
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tom_boy
#25 Posted : Saturday, January 26, 2019 5:53:42 AM
Rank: Member

Joined: 2/20/2007
Posts: 767
Thornbird wrote:
Can you imagine with our unreliable power (envision the elevators being out of service and dark hallways) and not to mention the unreliability of our water supply, that would definitely become a high rise slum. Who will the management be? What about the cleanliness of the public areas and garbage disposal for that huge and dense population? How professional and timely will they be at resolving tenant issues?


How many multistoried buildings in Nairobi have you come across that have the above issues. I mean buildings with 10floors and no working lifts. People will be paying service charge and elevator companies want to make money. I dont see lifts going out of service.

Naysayers mko kila mahali. Mtalilia choo....

I remember when Waterfront Gardens was being sold for 8m. I went, I saw and consoled myself that the developers were crazy to build in Kangemi and sell at 8m. Sasa, leo hii, hizo nyumba ni classic sana, going for 30m and value set to double once road construction is done.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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dunkang
#26 Posted : Saturday, January 26, 2019 6:41:50 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Those prices my friend are not pocket friendly for such a development. They will be very hard to sell.
Receive with simplicity everything that happens to you.” ― Rashi

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tom_boy
#27 Posted : Saturday, January 26, 2019 7:21:05 AM
Rank: Member

Joined: 2/20/2007
Posts: 767
Anyone with experience living in the Ngara civil servants estate, weka maoni hapa. I think thats a very high density development in the same area.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Lolest!
#28 Posted : Saturday, January 26, 2019 8:56:31 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
If, as someone told me, old, low quality bedsitters are 15k in Ngara, I would expect a 1 bedroom unit to be 25-30k

These units are going for 6M. Assuming rents of 30k, that's a 17 year PBP(holding rents constant)

But residential rents are rising fast.... looks worth it to me
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Chaka
#29 Posted : Saturday, January 26, 2019 10:20:34 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
What of supply vs demand dynamics?

Lolest! wrote:
If, as someone told me, old, low quality bedsitters are 15k in Ngara, I would expect a 1 bedroom unit to be 25-30k

These units are going for 6M. Assuming rents of 30k, that's a 17 year PBP(holding rents constant)

But residential rents are rising fast.... looks worth it to me
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  | | Edit by user: Saturday, January 26, 2019 10:35 AM | Reason: Not specified
Swenani
#30 Posted : Saturday, January 26, 2019 11:09:44 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Chaka wrote:
What of supply vs demand dynamics?

Lolest! wrote:
If, as someone told me, old, low quality bedsitters are 15k in Ngara, I would expect a 1 bedroom unit to be 25-30k

These units are going for 6M. Assuming rents of 30k, that's a 17 year PBP(holding rents constant)

But residential rents are rising fast.... looks worth it to me



The target market for Ngara is mostly single working class or newly weds thus it is my considered view that demand in Donholm, South B, South C, Langata, Kinoo, thika road for 1 and 2 bed units will suffer once Ngara project is complete.

A rational human being working in town, Westie etc would rather pay 35K in Ngara than pay similar amount for a two bedroom in Langata, Buru,South B and C etc
If Obiero did it, Who Am I?
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