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Off plan build projects - reputable firms please
Thirst_4_Knowledge
#1 Posted : Thursday, May 26, 2016 4:42:59 PM
Rank: Hello

Joined: 5/9/2016
Posts: 9
Good afternoon people.

For someone who is interested in pursuing an off plan investment project (apartment or stand alone house) are there any recommendations on reputable firms that deliver such projects?

I would appreciate your input outlining at least 3 reputable firms.

Cheers.
ForSport2
#2 Posted : Thursday, May 26, 2016 11:29:18 PM
Rank: New-farer

Joined: 12/9/2015
Posts: 47
Location: +254
Suraya
Horton
#3 Posted : Friday, May 27, 2016 6:31:04 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
ForSport2 wrote:
Suraya


I thought he said "reputable" Laughing out loudly
Shiwashei
#4 Posted : Friday, May 27, 2016 8:38:05 AM
Rank: New-farer

Joined: 11/9/2015
Posts: 18
AMS properties.
lochaes
#5 Posted : Friday, May 27, 2016 8:53:49 AM
Rank: New-farer

Joined: 6/30/2014
Posts: 86
Location: nairobi
ForSport2 wrote:
Suraya


Avoid!! tena sana!!Shame on you
MaichBlack
#6 Posted : Friday, May 27, 2016 9:18:07 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
Horton wrote:
ForSport2 wrote:
Suraya

I thought he said "reputable" Laughing out loudly

lochaes wrote:
ForSport2 wrote:
Suraya

Avoid!! tena sana!!Shame on you

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
DBLyon
#7 Posted : Friday, May 27, 2016 1:04:13 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.
When you live for others' opinions, you are dead.

- Carlos Slim Helu
lochaes
#8 Posted : Friday, May 27, 2016 4:31:31 PM
Rank: New-farer

Joined: 6/30/2014
Posts: 86
Location: nairobi
DBLyon wrote:
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.


When one opts out of a project the refunding of the deposit takes eons.
MaichBlack
#9 Posted : Friday, May 27, 2016 11:32:48 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
DBLyon wrote:
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.

Wow!!! That's serious!!! Almost 4 years behind schedule! And do people only pay the deposit (what percentage?) or they keep adding money on a given schedule? I can only imagine someone who would have totally stretched himself financially because he knew from December 2012 he would not be paying rent!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
DBLyon
#10 Posted : Thursday, June 02, 2016 3:42:43 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
MaichBlack wrote:
DBLyon wrote:
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.

Wow!!! That's serious!!! Almost 4 years behind schedule! And do people only pay the deposit (what percentage?) or they keep adding money on a given schedule? I can only imagine someone who would have totally stretched himself financially because he knew from December 2012 he would not be paying rent!


They give you both options. You can either pay a 20% deposit and then a mortgage, which starts on completion of the house, or you do a cash plan. 30% and then 20%, 20%, 20% each quarter, and then 10% on completion or some other permutation. The mortgage option is more costly.

For Sucasa the bedsitters were 900k or 950k in the beginning for cash, and 1.05M for mortgage buyers. But with time the mortgage buyers price went to 1.35M.
When you live for others' opinions, you are dead.

- Carlos Slim Helu
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