kenyatunaweza wrote:Dear Wazuans
Has anyone experience of buying/selling in Runda recently? Or of developing ?
Seems the market overall is slow but picking up tentatively.
Am marketing a property 1.6acres at 130m but it didn't receive interest until reduced to 110m even though it's the oldest land in Runda, belonging to the original coffee farm owner.
more info is at
https://vimeo.com/939608782?share=copy. Perhaps it's best to go into partnership with a developer rather than sell at an even lower price. Thoughts?
At 130 metre I would never invest in Runda and let me tell you why.
1. Runda is controlled. You can't build apartments on that land
2. Way more bang for my shilling doing something like buying a half an acre in Kili for the same amount and building hundreds of chinese apartments that will triple or even quadruple my monies once built
3. Way more bang for my shilling if I bought 200 acres in dustbowl for the same amount and built my small kingdom hapo with all the bells and whistles, perhaps even better and bigger built than Runda.
Your best bet is to divide that 1.6 into three halfs and build a huggggge maisonette (three stories with rooftop pool) on each and sell for double or triple
Take et or leave et!
Age and family mellows us all over time