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Kamuthi Housing Sacco
MaichBlack
#61 Posted : Tuesday, May 24, 2016 11:38:33 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
kimanimsc wrote:
Euge wrote:
MaichBlack wrote:
Ethiteri wrote:

NB:-Thika Greens has also gone burst.Plots being sold at the original price of 2009 to clear debt ya Equity.


What was the original price? How can I get a piece of the pie (Hoping they don't have Kamuthi Gimmicks!)

The real estate bubble is slowly deflating (if not bursting!) The number of real estate firms holding onto unsold plots are many!!

The fellows who were selling overpriced plots next to Juja mall (with "55% sold") have returned the ka advert next to the plots one year later. Still "55% sold". Same price.

The Ruiru Greens guys are still at "90% sold" many months and billboards later!

I would be interested in Thika Greens. @Ethiteri how much are they selling at?


Special Offer - 1/8 acre plots fully serviced in Phase 2 at Ksh. 3 Million

Yesterday's tweet

3 million for an 1/8th doesn't sound like a 2009 price!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Othelo
#62 Posted : Tuesday, May 24, 2016 12:21:42 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
MaichBlack wrote:
kimanimsc wrote:
Euge wrote:
MaichBlack wrote:
Ethiteri wrote:

NB:-Thika Greens has also gone burst.Plots being sold at the original price of 2009 to clear debt ya Equity.


What was the original price? How can I get a piece of the pie (Hoping they don't have Kamuthi Gimmicks!)

The real estate bubble is slowly deflating (if not bursting!) The number of real estate firms holding onto unsold plots are many!!

The fellows who were selling overpriced plots next to Juja mall (with "55% sold") have returned the ka advert next to the plots one year later. Still "55% sold". Same price.

The Ruiru Greens guys are still at "90% sold" many months and billboards later!

I would be interested in Thika Greens. @Ethiteri how much are they selling at?


Special Offer - 1/8 acre plots fully serviced in Phase 2 at Ksh. 3 Million

Yesterday's tweet

3 million for an 1/8th doesn't sound like a 2009 price!

Engage them, you will be shocked how receptive they are and the follow up calls will be endless.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Ethiteri
#63 Posted : Tuesday, May 24, 2016 6:22:08 PM
Rank: Member


Joined: 2/4/2016
Posts: 175
Location: Global
Euge wrote:
MaichBlack wrote:
Ethiteri wrote:

NB:-Thika Greens has also gone burst.Plots being sold at the original price of 2009 to clear debt ya Equity.


What was the original price? How can I get a piece of the pie (Hoping they don't have Kamuthi Gimmicks!)

The real estate bubble is slowly deflating (if not bursting!) The number of real estate firms holding onto unsold plots are many!!

The fellows who were selling overpriced plots next to Juja mall (with "55% sold") have returned the ka advert next to the plots one year later. Still "55% sold". Same price.

The Ruiru Greens guys are still at "90% sold" many months and billboards later!

I would be interested in Thika Greens. @Ethiteri how much are they selling at?


I talked to Equity Thika and visited the site.This is what I found out.

1.The plots on sale by Equity were about 100 and 97 have been bought.They were selling at between 5M and 6.5M depending on location.The 3 remaining have got huge "craters" and major backfilling will be required.I guess here one can bargain.

2.The said Equity plots are also "huko mwisho"

3.At a glance the project is well done,the club is beautiful and so are the prices.Security looks good and afew people have built and moved in.Beautiful units I must say.

4.If one is interested in buying now near the golf course/clubhouse then you look for an original member who wishes to sell and they are ranging from 9.8M to 12M. The company does have afew of their own still on offer at between 8.5M to 12M again dependent on location and let me add greed of the company.

All plots are 1/4 size.
MaichBlack
#64 Posted : Tuesday, May 24, 2016 8:26:44 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
@Ethiteri - What's your take on 3m for the 1/8th ones? Na hiyo phase II iko wapi. Ama iko na huko kwa Kahawa???
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#65 Posted : Tuesday, May 24, 2016 8:36:08 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
By the way the original members of the land sold out for a pittance. They were offered money or a chance to be a part of the project and they took the money. I think it was like 200k per share and a share must have been equivalent to more than an acre. Can't remember the exact details.

A friend of mine tells me he actually got into the bad books of his dad to an extent they stopped talking for quite some time because he adviced him not to take the money and instead be part of the project. The fellow was on his first job then and the dad (the Michuki type) was wondering what the "young boy" was telling him yet he did not own even a plot big enough to build a toilet! The dad, grandmother and many others took 200k × number of shares and the rest is history.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#66 Posted : Tuesday, May 24, 2016 8:56:05 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
By the way the original members of the land sold out for a pittance. They were offered money or a chance to be a part of the project and they took the money. I think it was like 200k per share and a share must have been equivalent to more than an acre. Can't remember the exact details.

A friend of mine tells me he actually got into the bad books of his dad to an extent they stopped talking for quite some time because he adviced him not to take the money and instead be part of the project. The fellow was on his first job then and the dad (the Michuki type) was wondering what the "young boy" was telling him yet he did not own even a plot big enough to build a toilet! The dad, grandmother and many others took 200k × number of shares and the rest is history.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Ethiteri
#67 Posted : Wednesday, May 25, 2016 4:32:47 AM
Rank: Member


Joined: 2/4/2016
Posts: 175
Location: Global
MaichBlack wrote:
@Ethiteri - What's your take on 3m for the 1/8th ones? Na hiyo phase II iko wapi. Ama iko na huko kwa Kahawa???


Not bad price relative to prices in that area and also the future outlook of the place.My only beef is the segregatiob where the entrance to Phase 1 iko on the Kandara road while the phase II is elsewhere

Phase II is the in thing.Its where the golf course and club is.It also has all those other ammenities of a gated community.Its what you see along the Nairobi Muranga highway.Though some plots are "huko kwa kahawa"

And there is a phase III I hear.
Euge
#68 Posted : Wednesday, May 25, 2016 7:52:08 AM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
Ethiteri wrote:
Euge wrote:
MaichBlack wrote:
Ethiteri wrote:

NB:-Thika Greens has also gone burst.Plots being sold at the original price of 2009 to clear debt ya Equity.


What was the original price? How can I get a piece of the pie (Hoping they don't have Kamuthi Gimmicks!)

The real estate bubble is slowly deflating (if not bursting!) The number of real estate firms holding onto unsold plots are many!!

The fellows who were selling overpriced plots next to Juja mall (with "55% sold") have returned the ka advert next to the plots one year later. Still "55% sold". Same price.

The Ruiru Greens guys are still at "90% sold" many months and billboards later!

I would be interested in Thika Greens. @Ethiteri how much are they selling at?


I talked to Equity Thika and visited the site.This is what I found out.

1.The plots on sale by Equity were about 100 and 97 have been bought.They were selling at between 5M and 6.5M depending on location.The 3 remaining have got huge "craters" and major backfilling will be required.I guess here one can bargain.

2.The said Equity plots are also "huko mwisho"

3.At a glance the project is well done,the club is beautiful and so are the prices.Security looks good and afew people have built and moved in.Beautiful units I must say.

4.If one is interested in buying now near the golf course/clubhouse then you look for an original member who wishes to sell and they are ranging from 9.8M to 12M. The company does have afew of their own still on offer at between 8.5M to 12M again dependent on location and let me add greed of the company.

All plots are 1/4 size.

Thank you Ethiteri. Quite pricy I must say
Lord, thank you!
Euge
#69 Posted : Wednesday, May 25, 2016 10:44:13 AM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
@Ethiteri how about the gated communities coming up along Gatanga road. Is there one you can recommend. How is Urithi? Is it solid or it will go the Kamuthi way?
Lord, thank you!
ekahindi
#70 Posted : Wednesday, May 25, 2016 3:14:06 PM
Rank: New-farer


Joined: 5/8/2011
Posts: 45
@maich black.i'm selling 1/4plot in Thika greens phase one.The plot is right on the border of phase 1 and phase2 touching the wall.If still interested Drop me an email. edgarkib.kibinge@gmail.com
Ethiteri
#71 Posted : Wednesday, May 25, 2016 6:37:29 PM
Rank: Member


Joined: 2/4/2016
Posts: 175
Location: Global
Euge wrote:
@Ethiteri how about the gated communities coming up along Gatanga road. Is there one you can recommend. How is Urithi? Is it solid or it will go the Kamuthi way?



All I can say is do your due dilligence. Most are yet to be "sold out".I think price is an issue. Abit on the high side.

Urithi..mmmmmmh....I smell a Kamuthii from far.
Euge
#72 Posted : Tuesday, May 31, 2016 7:35:32 AM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
Ethiteri wrote:
Euge wrote:
@Ethiteri how about the gated communities coming up along Gatanga road. Is there one you can recommend. How is Urithi? Is it solid or it will go the Kamuthi way?



All I can say is do your due dilligence. Most are yet to be "sold out".I think price is an issue. Abit on the high side.

Urithi..mmmmmmh....I smell a Kamuthii from far.


Agreed Ethiteri....... Urithi I too have my fears.
Lord, thank you!
Swenani
#73 Posted : Tuesday, May 31, 2016 10:59:42 AM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
Kaigangio wrote:
....Come mid 2010, I went to kamuthi offices and met with the secretary and asked about the progress so far. The Buffalo Springs was really selling good...the office had just had a face lift and they had even build a storeyed office extension where they had moved to a couple of weeks before. The secretary had even gained weight, and he was a complete contrast from the man I knew almost 24 years back. Anyhow, the secretary did not even seem to remember about our issue which he told me to remind him. I did. He gave the same answer that they had given me a few months before. Upon asking on who exactly the surveyor was dealing with at NCC, he couldn't tell me. Where exactly the documentation had reached at NCC, he could not tell me. At this juncture I started smelling a very huge stinking f***ing rat!.

Three months later, the plots seller and I went back after securing an appointment which I had made a couple of days before. We met the chairman, who asked the secretary to join us, and sought to know what exactly was going on. They told us that in a few days’ time we would be contacted so that we could be informed of the progress so far. None of our questions were answered. Instead they were ranting about the eminent changes in the Nairobi City Council order to new Nairobi County Council and how the sub-division approvals will be delayed and other operations affected. He advised us that instead of going there we could discuss all that we needed to know on phone since his phone was open to any member of the society and the residents.

From there, the officials were readily available to answer the questions in the very first few calls. Later the calls started going unanswered and when they were answered the fellows were claiming to be in a meeting. This went through to a better part of 2011 when the plot seller and I decided that we would not need to call any more and instead revert back to the old ways of going to kamuthi offices. The first two, three visits were successful and we managed to get the officials, but did not get any new information. The fourth visit I was told that the chairman and the secretary were not in despite the fact that I could see their vehicles in the parking!!! These idiots were in!! The offices are fitted with a good access control system on the main door from visitor waiting hall/reception to the main executive and other offices. I could not go through. A week later in a morning, I visited kamuthi offices again and the same thing happened. I tried calling the officials cell phones later that afternoon but they all went unanswered. After that, it was visit kamuthi offices, officials not there…call later, phones not answered. I tried reversing the activity sequence of calling first, phones not answered…visit the office, as usual officials not in!!! All along the same case was happening to the plots seller. We gave up and decided to explore other means.

In 2012, the old man informed me that there was a meeting which had been organized by kamuthi society at kamuthi offices for all the residents who had issues with their land sub-divisions that kamuthi was handling. I personally did not attend, but the plot seller did and he called me the following day for updates. When we met later that day I did not hear whatever I wanted to hear. The old man told me that actually the surveyor who was brought in by kamuthi was not the one that had carried out the sub-division works at his land and others. When the residents raised this concern, kamuthi officials told them that they (kamuthi) had broken ranks with the original surveyor and that this surveyor would take over from where the other surveyor had terminated. The new surveyor had issued a fee structure which detailed all the works involved from sub-division to title deed acquisition. This, the old man told me, happened when they were walking out after the meeting. When I looked at the structure, I got the impression that the process was to start all over again and I told the old man the same. He just looked at me with wide open eyes and his mouth open just like the spanner size number 10!! “Woooiiii, ngiri ciakwa igana ni cianyua kagera!! Ma ma ma ma ya Ngai nii ndii koma itoragite mundu!!!! Mimi nitaua mtu leo mimi!!!” I heard the old man exclaim almost to a shouting level. I did not have any business staying any longer there as the old man was extremely tense and enraged. I just told him that I was going to carry out an investigation as to how the previous surveyor fell out with kamuthi and why…

Never start a story on wazua unless you present documents showing that you have retired as well as a guarantee that you will finish your story
If Obiero did it, Who Am I?
MaichBlack
#74 Posted : Wednesday, June 01, 2016 7:53:49 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,451
Things are bloody elephant!!!

Quote:
KAMUTHI MEMBER:The New Board Members Virginia Kamau,Luke Ndirangu,Leonard Mburu,Francis Nganga have resigned due to frustration and disagreement on management


I received that sms jana.

Hapa inaonekana ni Kihiu Mwiri - Mbo-I-Kamiti - Mawinder axis itafanya kazi!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Othelo
#75 Posted : Wednesday, June 01, 2016 9:02:19 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
MaichBlack wrote:
Things are bloody elephant!!!

Quote:
KAMUTHI MEMBER:The New Board Members Virginia Kamau,Luke Ndirangu,Leonard Mburu,Francis Nganga have resigned due to frustration and disagreement on management


I received that sms jana.

Hapa inaonekana ni Kihiu Mwiri - Mbo-I-Kamiti - Mawinder axis itafanya kazi!

Now who sends such a message to members?
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Mseto binti
#76 Posted : Tuesday, June 21, 2016 8:31:53 PM
Rank: Member


Joined: 3/9/2012
Posts: 144

@ MaichBlack...there goes my kaplot..money down the drain...am writing it off nianze maombi ya kutuliza roho otherwise sijui sijui mimi...Pray Pray Pray Pray Sickamp; Sickamp; Sickamp;

Buying land has been erased from my to-do list...banished kabisa....these thugs and nowhere to turn for justice woooiiii!!!!

Mawinder saidia!Angel Angel Angel
I found meaningful work🤓
Euge
#77 Posted : Thursday, June 23, 2016 1:16:07 PM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
MaichBlack wrote:
Things are bloody elephant!!!

Quote:
KAMUTHI MEMBER:The New Board Members Virginia Kamau,Luke Ndirangu,Leonard Mburu,Francis Nganga have resigned due to frustration and disagreement on management


I received that sms jana.

Hapa inaonekana ni Kihiu Mwiri - Mbo-I-Kamiti - Mawinder axis itafanya kazi!


I see a repeat of Mbo I Kamiti. I pray for their wisdom before it happens.
Lord, thank you!
Kratos
#78 Posted : Saturday, July 02, 2016 1:08:48 PM
Rank: Veteran


Joined: 9/19/2011
Posts: 1,694
Meeting for Soya dam investors this coming weekend 9th July. Co-op bank officials to be present....is this a sign that the loans to Kamuthi are unservicable? There was another meeting for Buffallo hills investors last weekend.

“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer
Othelo
#79 Posted : Saturday, July 02, 2016 1:11:07 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Swenani wrote:
Kaigangio wrote:
....Come mid 2010, I went to kamuthi offices and met with the secretary and asked about the progress so far. The Buffalo Springs was really selling good...the office had just had a face lift and they had even build a storeyed office extension where they had moved to a couple of weeks before. The secretary had even gained weight, and he was a complete contrast from the man I knew almost 24 years back. Anyhow, the secretary did not even seem to remember about our issue which he told me to remind him. I did. He gave the same answer that they had given me a few months before. Upon asking on who exactly the surveyor was dealing with at NCC, he couldn't tell me. Where exactly the documentation had reached at NCC, he could not tell me. At this juncture I started smelling a very huge stinking f***ing rat!.

Three months later, the plots seller and I went back after securing an appointment which I had made a couple of days before. We met the chairman, who asked the secretary to join us, and sought to know what exactly was going on. They told us that in a few days’ time we would be contacted so that we could be informed of the progress so far. None of our questions were answered. Instead they were ranting about the eminent changes in the Nairobi City Council order to new Nairobi County Council and how the sub-division approvals will be delayed and other operations affected. He advised us that instead of going there we could discuss all that we needed to know on phone since his phone was open to any member of the society and the residents.

From there, the officials were readily available to answer the questions in the very first few calls. Later the calls started going unanswered and when they were answered the fellows were claiming to be in a meeting. This went through to a better part of 2011 when the plot seller and I decided that we would not need to call any more and instead revert back to the old ways of going to kamuthi offices. The first two, three visits were successful and we managed to get the officials, but did not get any new information. The fourth visit I was told that the chairman and the secretary were not in despite the fact that I could see their vehicles in the parking!!! These idiots were in!! The offices are fitted with a good access control system on the main door from visitor waiting hall/reception to the main executive and other offices. I could not go through. A week later in a morning, I visited kamuthi offices again and the same thing happened. I tried calling the officials cell phones later that afternoon but they all went unanswered. After that, it was visit kamuthi offices, officials not there…call later, phones not answered. I tried reversing the activity sequence of calling first, phones not answered…visit the office, as usual officials not in!!! All along the same case was happening to the plots seller. We gave up and decided to explore other means.

In 2012, the old man informed me that there was a meeting which had been organized by kamuthi society at kamuthi offices for all the residents who had issues with their land sub-divisions that kamuthi was handling. I personally did not attend, but the plot seller did and he called me the following day for updates. When we met later that day I did not hear whatever I wanted to hear. The old man told me that actually the surveyor who was brought in by kamuthi was not the one that had carried out the sub-division works at his land and others. When the residents raised this concern, kamuthi officials told them that they (kamuthi) had broken ranks with the original surveyor and that this surveyor would take over from where the other surveyor had terminated. The new surveyor had issued a fee structure which detailed all the works involved from sub-division to title deed acquisition. This, the old man told me, happened when they were walking out after the meeting. When I looked at the structure, I got the impression that the process was to start all over again and I told the old man the same. He just looked at me with wide open eyes and his mouth open just like the spanner size number 10!! “Woooiiii, ngiri ciakwa igana ni cianyua kagera!! Ma ma ma ma ya Ngai nii ndii koma itoragite mundu!!!! Mimi nitaua mtu leo mimi!!!” I heard the old man exclaim almost to a shouting level. I did not have any business staying any longer there as the old man was extremely tense and enraged. I just told him that I was going to carry out an investigation as to how the previous surveyor fell out with kamuthi and why…

Never start a story on wazua unless you present documents showing that you have retired as well as a guarantee that you will finish your story

We are still waiting smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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