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Is Machakos City another real estate venture like Konza City?
Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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Konza city was termed as a Real Estate venture by @a4architect and almost 90% of Wazua? Is Machakos city another real estate venture?
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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@jamplu..konza city proponents, akina Ndemo were using public funds to venture into speculative, unviable real estate, hence wrong.
For Machakos city, its very viable and its self funding i.e directly funded by the private sector hence will be a success. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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a4architect.com wrote:@jamplu..konza city proponents, akina Ndemo were using public funds to venture into speculative, unviable real estate, hence wrong.
For Machakos city, its very viable and its self funding i.e directly funded by the private sector hence will be a success.
speculative!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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a4architect.com wrote:@jamplu..konza city proponents, akina Ndemo were using public funds to venture into speculative, unviable real estate, hence wrong.
For Machakos city, its very viable and its self funding i.e directly funded by the private sector hence will be a success.
Really? How? "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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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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@a4architect did Mutua involve local architects and other players in the planning stage because i can remember that was one of your issues in relation to Konza.
Secondly wazuans what criteria is the County using to award investors deals to invest there? Those who attended the investors forum what is the criteria to be an investor? Any wazuan who's investing within the 2000 acres wacha the 50*100 around!
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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a4architect.com wrote:@jamplu..konza city proponents, akina Ndemo were using public funds to venture into speculative, unviable real estate, hence wrong.
For Machakos city, its very viable and its self funding i.e directly funded by the private sector hence will be a success.
3 planned cities: Tatu, Konza and now Machakos. Waitin to see how it goes for the first one to officially open.
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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Lolest! wrote:a4architect.com wrote:@jamplu..konza city proponents, akina Ndemo were using public funds to venture into speculative, unviable real estate, hence wrong.
For Machakos city, its very viable and its self funding i.e directly funded by the private sector hence will be a success.
3 planned cities: Tatu, Konza and now Machakos. Waitin to see how it goes for the first one to officially open.
To me all these are white elephants. Though Tatu looks promising!!
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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urstill1 wrote:Lolest! wrote:a4architect.com wrote:@jamplu..konza city proponents, akina Ndemo were using public funds to venture into speculative, unviable real estate, hence wrong.
For Machakos city, its very viable and its self funding i.e directly funded by the private sector hence will be a success.
3 planned cities: Tatu, Konza and now Machakos. Waitin to see how it goes for the first one to officially open.
To me all these are white elephants. Though Tatu looks promising!!
I am worried too @urstill. Starting cities from the other end. Will I move to the new city just because it is bettter looking? Will I leave Nairobi's many services for new city's uncertainty? In Machakos, the land is free for what purpose? Can I go and ask for land in the city to construct a block of flats? Whatever the plan I hope my fears are unfounded and it works!
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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urstill1 wrote:Lolest! wrote:a4architect.com wrote:@jamplu..konza city proponents, akina Ndemo were using public funds to venture into speculative, unviable real estate, hence wrong.
For Machakos city, its very viable and its self funding i.e directly funded by the private sector hence will be a success.
3 planned cities: Tatu, Konza and now Machakos. Waitin to see how it goes for the first one to officially open.
To me all these are white elephants. Though Tatu looks promising!!
Now How? The site has been "Under Construction" for 3 months now. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Member Joined: 6/17/2011 Posts: 229
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jamplu wrote:Konza city was termed as a Real Estate venture by @a4architect and almost 90% of Wazua? Is Machakos city another real estate venture?
Many people adopt a pessimistic view of such ambitious visions. But, as someone put it, if you can see it, you can achieve it. Dr. Mutua has it on paper, and he has a point to prove to the too much negative energy and opposition around that what he has put forth is achievable. With the free land in the proposed city as an incentive, no wonder he has signed private investment agreements worth more than 2T. I do not see why such public-private partnership model is not achievable here whereas it has worked in countries like Singapore, Malaysia, Indonesia and next door in Rwanda.
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Is Machakos City another real estate venture like Konza City?
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