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propertyzote		#31 Posted : Thursday, June 28, 2012 11:59:04 AM
Rank: Member Joined: 8/25/2010 Posts: 283 Location: Nairobi		Cde Monomotapa wrote: Stealth wrote: @cde KBF Investors = KuBaFu Investors. So that means we are all KBF's here until we attain a net worth, not debt worth, of 1 Million Dollars(Ksh82,542,300) www.propertyzote.com the ultimate ‘one stop online shop’ of choice connecting more people with more properties at the click of a button
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josiah33		#32 Posted : Thursday, June 28, 2012 5:15:04 PM
Rank: Elder Joined: 1/27/2011 Posts: 1,777		Na hizi REITS si za akina Wanjiku. 1 Million shillings is out of reach for Wanjiku.
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maka		#33 Posted : Thursday, June 28, 2012 5:29:47 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		In the UK tax typically isnt levied on rental or capital gains earned within a REIT provided that atleast 90% of its income is distributed to investors via dividends...To make them attractive I think this should also apply here...but as always the usual suspects will be in the moneys before an effective price finding mechanism is found...Personally I dont think its the right time to introduce this.... possunt quia posse videntur
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hisah		#34 Posted : Thursday, June 28, 2012 6:20:43 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		josiah33 wrote: Na hizi REITS si za akina Wanjiku. 1 Million shillings is out of reach for Wanjiku. To avoid crowding. Good market this... But when the entry price is brought down to 100K so that many wanjikus can be roped in, that will be the time to sell to them as the herd rushes in... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267		#35 Posted : Thursday, June 28, 2012 8:50:46 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		josiah33 wrote: ARE REITS COMING AT THE WRONG TIME AS SOMEONE SAYS THE PROPERTY BUBBLE IS ABOUT TO BURST? Are wazuans aware that Kenya has an annual housing deficit of 200,000 homes and an accumulated deficit of over 2MILLION homes.. At current capacity we couldn't meet demand for new homes even if we tried... How can anyone logically argue that there is a bubble?? Mark 12:29 Deuteronomy 4:16
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murchr		#36 Posted : Thursday, June 28, 2012 8:59:44 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		guru267 wrote: josiah33 wrote: ARE REITS COMING AT THE WRONG TIME AS SOMEONE SAYS THE PROPERTY BUBBLE IS ABOUT TO BURST? Are wazuans aware that Kenya has an annual housing deficit of 200,000 homes and an accumulated deficit of over 2MILLION homes.. At current capacity we couldn't meet demand for new homes even if we tried... How can anyone logically argue that there is a bubble?? They live in a bubble "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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shygal		#37 Posted : Sunday, October 14, 2012 12:48:38 PM
Rank: New-farer Joined: 12/31/2011 Posts: 90		what are the latest developments on this REITS issues. are they availble now?
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mwekez@ji		#38 Posted : Wednesday, July 03, 2013 12:24:32 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		REITS regulations have finally been gazette into law Noted: >The minimum subscription for D-REITs has also been pegged high at Sh5 million with the regulator assuming that those targeted are knowledgeable investors able to analyse the project and the promoters’ credibility. There is no minimum subscription for I-REITs, which are offered to the public. >lock-in period for promoters of Real Estates Investment Trusts (REITs) shall be two years >Promoters of investment REITs will be required to hold 20 per cent of the asset value listed at the exchange. they are allowed to reduce it to 10 per cent after 1st year and ultimately exiting after 2nd year.
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hisah		#39 Posted : Wednesday, July 03, 2013 7:41:34 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		mwekez@ji wrote: REITS regulations have finally been gazette into law Noted: >The minimum subscription for D-REITs has also been pegged high at Sh5 million with the regulator assuming that those targeted are knowledgeable investors able to analyse the project and the promoters’ credibility. There is no minimum subscription for I-REITs, which are offered to the public. >lock-in period for promoters of Real Estates Investment Trusts (REITs) shall be two years >Promoters of investment REITs will be required to hold 20 per cent of the asset value listed at the exchange. they are allowed to reduce it to 10 per cent after 1st year and ultimately exiting after 2nd year. Good to see D-REITS entry has been pegged from 5M and above. Wanjikus can easily lose in D-REITS. I-REITS is a much safer bet for wanjiku though the yield is much lower than D-REITS. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal		#40 Posted : Wednesday, July 03, 2013 9:42:52 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		This things will become less attractive if not exempted from CGT and rental tax.
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