Rank: Member Joined: 1/24/2013 Posts: 325
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mibbz wrote:ChumsQuest wrote:Seles83 wrote:http://www.suraya.co.ke/index.php/property-in-kenya/ongoing-projects/the-lynx-mbagathi-road
Another Project from Suraya..Mbagathi Road...
CASH PRICES
APARTMENTS AUGUST 2012
TYPE SQM ACTUAL SALE PRICE TOTAL UNITS
1 BEDROOM Lynx 3 27 KSHS 3,200,000/= 60 2 BEDROOM Lynx 4 38 KSHS 4,150,000/= 42 2 BEDROOM ENSUITE Lynx 5 42 KSHS 4,550,000/= 54
MORTGAGE BUYERS
10% DEPOSIT TO SURAYA SALES LTD.
90% MORTGAGE (APPROVED) TYPE SQM ACTUAL SALE PRICE TOTAL UNITS
1 BEDROOM Lynx 3 27 KSHS 3,600,000/= 60 2 BEDROOM Lynx 4 38 KSHS 4,650,000/= 42 2 BEDROOM ENSUITE Lynx 5 42 KSHS 5,100,000/= 54
@seles @mibbz Say someone gets the 2 bed cash option for 4.15m,so no interest rates with plans to dispose of it in 2 yrs after completion, good plan? Suraya is great as its location are prime for young families starting out. Only issue i have is the 2 bedroom is 38sqm; now multiply 38*35000 comes to 1330000. Meaning for location an 10 years service charge free am paying an extra near 2.8 Mil....but the value should go up to approx 6 Mil which is the market rate and rent in highrise region is 20k thus 480k a year...still thik its ok value for money mibbz, never looked at stuff that way. Looks like Suraya is making a killing. Nonetheless, I guess once it's complete in 2014, the value will have appreciated by like a mil so I could cash out and remember the 35000persqm when investing next....I 'll try my luck is Stock investing I am just waiting for guru to start a stock101 thread....
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