For the lawyers in wazua please advise.
What are the chances that one could sue shelter afrique and be refunded your money. How long would such a case take to conclude.

Who was the contractor for this project?I believe he is the one answerable here..?

Wueh... This Kenya is not for the fainthearted

Though I ask...when the auctioneers come, who will they sell to that the company's marketing team had not tried to already? Dailies are full of auctions with no buyers. Those "minimum amounts" will need to be lowered.

Apartment Sale. Throwaway prices. With "a few" years in court

The developer took a loan of 685m, has repaid 1.2B and still owes 400m. So the interest for 685m loan is about 1B?

Who would buy such houses in the scheduled auction? Asking for a friend

So, if I'm reading this story correctly, the homeowners didn't receive their title deeds for four years? How did they let that happen?

On Auction ....A sad state of affairs for the real estate. clearly things are thick

This is a big macroeconomic problem. The biggest problem with Kenya is that all the wealth that has created so many billionaires is static land appreciation wealth. A majority of the richest people are Jomo Kenyatta's and Daniel Moi's cabinet and senior civil servants and their families and lawyers who had land holdings around Nairobi and other big cities.

Many people think the economy is growing because they know many rich people. The problem is they know the same rich people who are becoming richer. A properly growing economy CREATES new RICH people and not necessarily fabulously rich but people who are moving up; 5 years ago alikuwa na baiskeli, 3 years ago akanunua nduthi, He was renting in Muthurwa, then moved to an SQ in South B and now has a plot in mlolongo, he has just finished laying the foundation of a 2 roomed house, akamaliza sitting room last year wakahama wamalize wakiwa ndani etc.

This mobility was there during Kibaki government. This Jubilee government has produced astronomical growth for Safaricom and KCB and SGR but there is no mobility for ordinary Kenyans. 1000 people who become 20% richer create more demand for goods and services than 100 people who become 200% richer. Jubilee is creating the second category.

The units on auction had not been sold before? Reserve price per unit?

Nope. Auction is on 31st July unless otherwise.

“We have noted that, despite the status quo order made by Justice Maureen Odero, your clients have proceeded to advertise the 204 apartments again in today’s (Monday) Daily Nation. We demand the immediate publication in tomorrow’s (Tuesday) daily, an advert cancelling the said contemptuous advertisement, failing which we will be moving to court immediately to cite your clients for contempt of court,” a letter from Ogola Okello & Company LLP to I&M lawyers Walker Kontos Advocates states.

https://www.nation.co.ke...7422-rwiksdz/index.html[/quote]

There is an injunction the alleged sale is contemptuous.