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Konza City - is it a good investment
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hardwood wrote:Angelica _ann wrote:Nairobi & suburbs is overrated. There is so much virgin land in Kenya. Kujeni mashinani where life is great, fresh air, ambiance, cheap stuff, farming etc.
I think one can get a good deal mashinani. With devolution and universities spreading everywhere, i think one can buy some land and put housing for the county or university staff and students eg huko rongo, kebabii, kilifi, kabianga etc. Most of the small towns are deficient in good housing. You can get an acre or 2 at a good price and build a "residential estate" pole pole instead of buying some bush in kajiado hinterland. Well said. Devolution is a game changer. Buying a big chunk in the outskirts of the counties is better than buying 1/8s in Nairobi. Life is short. Live passionately.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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You simply cannot ignore a city (and it's suburbs) that produces 60-70% of the GDP of the Kenyan economy. There is a big reason why 1/8 in OR near Nairobi has ten times appreciation potential than an acre in Kitale, for example. But this is not to say Kitale is a bad investment.
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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I recently met a certain retired mzee (about 70yrs) who is doing quite well. He told me during his working days as a middle level employee, he took advantage of his sacco and bought quite a number of plots in kitengela, rongai etc in 1980/90s and they were quite cheap. Whenever the sacco bought and subdivided the land he would buy with the money being deducted from his salary in installments. At the time many of his colleagues thought the areas were beneath them, or the plots were too tiny, too far, remote etc and many opted to take sacco loans to buy shambas in the village. He has developed some of the plots and given some to his kids. The guy lives well in one of the leafy suburbs in the city but said most of his former colleagues relocated to the village after retirement. His point was that you can never go wrong investing in land within the city and suburbs when you are young since the city will continue growing exponentially. If possible use your sacco since they allocate you the plot then you pay pole pole. He is collecting about 1m in rent each month while his colleagues are struggling growing maize in the village. He says his investments can buy him land in the village if he wishes to move there but has never had such plans since he has lived in the city nearly all his life. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,652
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Kate_Mbarire wrote: Dear Wukan..Thank you for being a real estate genius!I have been following you silently in wazua and really appreciate your input.Ngara is a GREAT investment....where are these bedsitters...who is the developer so that I can explore investing?And lastly;what are your thoughts about the upcoming Edermann Chinese who are also breaking ground to build massive units in ngara?They are the same greatwall Chinese.
Kumbe there are so many silent followers  Google city view suites. On Edermann they were the first to pioneer high-rise residential in Pangani and they had bargain prices like 2.8m for 2 bd. They are now planning 8 blocks of 34 floors so I expect them to bring the units at lower price than the GoK/county affordable housing. That Ngara area will experience some robust real estate investment.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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We must start seeing land as a factor of production and stop focusing on this 40 by 80 speculation plots crazy *curse word' that is the fixation of majority middle class in Nairobi. Now the rush is somewhere in Narok. We must appreciate we cannot all fit in Nairobi and start looking strategically mashinani where devolution is starting to work. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 11/13/2015 Posts: 1,652
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sparkly wrote:hardwood wrote:Angelica _ann wrote:Nairobi & suburbs is overrated. There is so much virgin land in Kenya. Kujeni mashinani where life is great, fresh air, ambiance, cheap stuff, farming etc.
I think one can get a good deal mashinani. With devolution and universities spreading everywhere, i think one can buy some land and put housing for the county or university staff and students eg huko rongo, kebabii, kilifi, kabianga etc. Most of the small towns are deficient in good housing. You can get an acre or 2 at a good price and build a "residential estate" pole pole instead of buying some bush in kajiado hinterland. Well said. Devolution is a game changer. Buying a big chunk in the outskirts of the counties is better than buying 1/8s in Nairobi. Mashinani is full of village bumpkins they can bore you to despair, the days are uneventful, they tell the same old tales, purchasing power is low. Nairobi & suburbs is quite funky. Unless you devolve the nairobi funkiness forget about the ambiance and fresh air. You talk to the mashinani governors most of them don't know how to replicate the nairobi funk. Most of the governors are usually hanging out in Nairobi most of the time.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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sqft wrote:I recently met a certain retired mzee (about 70yrs) who is doing quite well. He told me during his working days as a middle level employee, he took advantage of his sacco and bought quite a number of plots in kitengela, rongai etc in 1980/90s and they were quite cheap. Whenever the sacco bought and subdivided the land he would buy with the money being deducted from his salary in installments. At the time many of his colleagues thought the areas were beneath them, or the plots were too tiny, too far, remote etc and many opted to take sacco loans to buy shambas in the village.
He has developed some of the plots and given some to his kids. The guy lives well in one of the leafy suburbs in the city but said most of his former colleagues relocated to the village after retirement.
His point was that you can never go wrong investing in land within the city and suburbs when you are young since the city will continue growing exponentially. If possible use your sacco since they allocate you the plot then you pay pole pole. He is collecting about 1m in rent each month while his colleagues are struggling growing maize in the village. He says his investments can buy him land in the village if he wishes to move there but has never had such plans since he has lived in the city nearly all his life. Not a comma, apostrophe or full stop to add to this excellent post. At one point land on old Thika rd before the superhwy was considered not worth much. Look at it now. One of my biggest regrets is I underestimated the transformative impact that Thika Superhwy would bring while it was being built. Now I'm priced out of any land touching it!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Angelica _ann wrote:We must start seeing land as a factor of production and stop focusing on this 40 by 80 speculation plots crazy *curse word' that is the fixation of majority middle class in Nairobi. Now the rush is somewhere in Narok. We must appreciate we cannot all fit in Nairobi and start looking strategically mashinani where devolution is starting to work. Indeed. An example where people are quietly taking position is this town https://www.google.com/a...-asAMP-k9dtfz/index.htmlLife is short. Live passionately.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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wukan wrote:sparkly wrote:hardwood wrote:Angelica _ann wrote:Nairobi & suburbs is overrated. There is so much virgin land in Kenya. Kujeni mashinani where life is great, fresh air, ambiance, cheap stuff, farming etc.
I think one can get a good deal mashinani. With devolution and universities spreading everywhere, i think one can buy some land and put housing for the county or university staff and students eg huko rongo, kebabii, kilifi, kabianga etc. Most of the small towns are deficient in good housing. You can get an acre or 2 at a good price and build a "residential estate" pole pole instead of buying some bush in kajiado hinterland. Well said. Devolution is a game changer. Buying a big chunk in the outskirts of the counties is better than buying 1/8s in Nairobi. Mashinani is full of village bumpkins they can bore you to despair, the days are uneventful, they tell the same old tales, purchasing power is low. Nairobi & suburbs is quite funky. Unless you devolve the nairobi funkiness forget about the ambiance and fresh air. You talk to the mashinani governors most of them don't know how to replicate the nairobi funk. Most of the governors are usually hanging out in Nairobi most of the time. We may disagree on strategy and location around Nairobi but I will admit your reasons for opposing certain locations never fail to entertain
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Rank: New-farer Joined: 9/4/2018 Posts: 64 Location: Nairobi
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wukan wrote:[quote=Kate_Mbarire] Dear Wukan..Thank you for being a real estate genius!I have been following you silently in wazua and really appreciate your input.Ngara is a GREAT investment....where are these bedsitters...who is the developer so that I can explore investing?And lastly;what are your thoughts about the upcoming Edermann Chinese who are also breaking ground to build massive units in ngara?They are the same greatwall Chinese.
Kumbe there are so many silent followers  Google city view suites. On Edermann they were the first to pioneer high-rise residential in Pangani and they had bargain prices like 2.8m for 2 bd. They are now planning 8 blocks of 34 floors so I expect them to bring the units at lower price than the GoK/county affordable housing. That Ngara area will experience some robust real estate investment. Hi Wukan.Thanks again for the reference.I called city view suites and the plans and the location for the ngara bedsitters is good. However they're not disclosing who the developer is,it also seems that this is the first project for the developer....what do you think?Would you still trust such a development which it seems like this is the first development for this developer...and considering these are off plan houses?]
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Rank: Veteran Joined: 11/13/2015 Posts: 1,652
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Kate_Mbarire wrote:wukan wrote:[quote=Kate_Mbarire] Dear Wukan..Thank you for being a real estate genius!I have been following you silently in wazua and really appreciate your input.Ngara is a GREAT investment....where are these bedsitters...who is the developer so that I can explore investing?And lastly;what are your thoughts about the upcoming Edermann Chinese who are also breaking ground to build massive units in ngara?They are the same greatwall Chinese.
Kumbe there are so many silent followers  Google city view suites. On Edermann they were the first to pioneer high-rise residential in Pangani and they had bargain prices like 2.8m for 2 bd. They are now planning 8 blocks of 34 floors so I expect them to bring the units at lower price than the GoK/county affordable housing. That Ngara area will experience some robust real estate investment. Hi Wukan.Thanks again for the reference.I called city view suites and the plans and the location for the ngara bedsitters is good. However they're not disclosing who the developer is,it also seems that this is the first project for the developer....what do you think?Would you still trust such a development which it seems like this is the first development for this developer...and considering these are off plan houses?] Normally get these things in my inbox. It doesn't have such a commanding view of the city but looks complete Quote:A worthwhile investment, West Suites is Nairobi’s answer to the affordable living concept in the heart of Nairobi West. The project has 168 modern, self contained studio apartments on 13 floors. link
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Nice investment but in a squeezed area yawa!!!! Pale nyuma Ciderwood (formerly Zinos)!!!!! Ok!!! let me enjoy life in the county setup. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 11/13/2015 Posts: 1,652
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Angelica _ann wrote:Nice investment but in a squeezed area yawa!!!! Pale nyuma Ciderwood (formerly Zinos)!!!!! Ok!!!
let me enjoy life in the county setup. At the rate people are giving birth in this town, we just have to squeeze them in the sky. We can't afford to ruin the country side. They will be no food to feed all the mouths if we convert every place to real estate. I was totally shocked when I took a drive to Kikuyu, thogoto, gikambura, limuru. it was all bungalows, maisonettes, some flats. Horrible!!! what is happening to farming land
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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wukan wrote:Angelica _ann wrote:Nice investment but in a squeezed area yawa!!!! Pale nyuma Ciderwood (formerly Zinos)!!!!! Ok!!!
let me enjoy life in the county setup. At the rate people are giving birth in this town, we just have to squeeze them in the sky. We can't afford to ruin the country side. They will be no food to feed all the mouths if we convert every place to real estate. I was totally shocked when I took a drive to Kikuyu, thogoto, gikambura, limuru. it was all bungalows, maisonettes, some flats. Horrible!!! what is happening to farming land But we still have a loooooootttttt of land outside Nairobi... Watu wahame tumejazana huku ka MA kondoo... possunt quia posse videntur
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Rank: Veteran Joined: 11/13/2015 Posts: 1,652
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maka wrote:wukan wrote:Angelica _ann wrote:Nice investment but in a squeezed area yawa!!!! Pale nyuma Ciderwood (formerly Zinos)!!!!! Ok!!!
let me enjoy life in the county setup. At the rate people are giving birth in this town, we just have to squeeze them in the sky. We can't afford to ruin the country side. They will be no food to feed all the mouths if we convert every place to real estate. I was totally shocked when I took a drive to Kikuyu, thogoto, gikambura, limuru. it was all bungalows, maisonettes, some flats. Horrible!!! what is happening to farming land But we still have a loooooootttttt of land outside Nairobi... Watu wahame tumejazana huku ka MA kondoo... Looooooots of land in the British countryside but watu wamejazwa kama kondoo in the cities. Remember the whole of kenya can fit it into Tokyo
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