Even if I was a billionaire,I cant pay 15m for a one - bedroom apartment...Its not value for my money...only celebs will buy at those prices because sadly most of them buy property as they buy perfume...instead of buying them like veges...cheapest but best value.

@Jamani...billionaires live in castles not apartments...but enough of the wishful thinking.What percentage of your total wealth should your house be?...for me about 5% is cool...so to live in this 15m apartment,I should not have a net worth of less than 300million.

Generally looking at our society I would think 5% is too low, my assumption would be most of the middle class in our society will have this % at 65%.... people with 300M....thats totally a different class and they wont buy the single room at 15m. They will be somewhere in Karen, Runda yeah those sides

sincerely speaking, a 40 by 80 at mirema drive, zimmerman, is around 3M. Build urself a 4br bungalow for 2M, and buy 2.5M safcom shares with the balance 10M whose dividend will be enough to cater for 2 watchmen, cook and etc.

Ahsante Pablo for the reminder, in earlier posts we said this will be bought we never doubted that and most of us were responding because it was brought to me and you here and being argued for me and you.

makofi, as kingangi would say kayamba kayamba kayamba

The 5% is for Mutaga alone, as he has stated. However, the property market would be dead if most people abided by it

@luxel...as I said...''for me''...I dont speak on behalf of anyone else...@youcantstopusnow...do you buy a house to enjoy better living standards or to promote the property market?coz to me,it seems ur priority is the later...and the former is just a side benefit.

The fact that most of us cannot afford the project doesn't make less qualified to analyze the prospects of possible ROI and challenges of such kind of investments..

I see a trend that most luxury apartments and projects get severe beating or heavily criticized negatively without facts or even sound logic..

When it comes to investments its all about about return and not the principle sum invested..

For Example:-

If you spend 5m buying an apartment in Imara Daima and rent it out at 30k per month that translates to 7% ROI:

Same applies for Kileleshwa buyer who bought a property at 15m and rent it out for 87500 per month..

Imara Daima Tenant is more likely to move to growth suburb like soykimau and Juja to build his or her property..

But Kileleshwa tenant they will always roam around upmarket suburbs as long as cash flow allows...

With the growing middle class in Kenya and Africa, the biggest growth in real estate will be experienced in growth suburbs and mature suburbs (Exclusive suburbs)..

"Its not the most intelligent people that make it big in life..but the most responsive and adaptive of them all"

The issue we are talking about is not affordability or beating luxury apartments for the sake of it as you state above rather we are questioning the value for money.
Is there value investing KES 15 million for a one bedroom apartment? that is the issue.