Lately, there is and will continue to be a real estate boom. However, there is a huge shift from buying bare land to buying apartments. As such, I dont foresee the cost of land appreciating at the same rate it used to appreciate before as the middle class avoid buying land and pursue apartments with that money. Developers will continue making a kill in the next few years as land brokers see a decline in the number of land transactions. Any young couple nowadays (most) would opt for an apartment than the bare land in the middle of nowhere. Simply put, it is a bad point in time to speculate on bare land and times have changed.

Chaka floor ni tano. Except school and suprmarket. Funny enough the floor plans are of different sizes i.e 3 bedroom but zimewachana na 1 or 2 sq meters. Watch out the floor plans as you choose. Check there website to download detailed plan.

Boss , I would rather purchase a 1 million 1/8th plot in kitengela and put up a 3 bedroom standard finishing bungalow for 2 million than put up in an apartment.

For e,g?

How many b/r is the unit and what's the rent like?

Let the doomsayers and naysayers loose this chance Erderman plans to put up 1000 houses in this site they have done it before for greatwall phase 2 and 3. Its simple rather than take an expensive bank loan why not give an offer for cost to cost and offload 100 unit out of 1000 and make 300m enough capital to push the project to levels and then revert to 7m for the 900units i wish i had the cash remember its 3.5m cash no mortgage no buts i trust them 100%. Cash is king. if u have 10.5m thats a guaranteed 90000pm from 3 flats. those singing plots plots i have seen plots in kitengela for sale over 3 years na haziendi pple want gated community devt

Any scholarly report being quoted here?
Apartments only attract those who have to be near town and who are being financed by employers who insist on built houses rather than property development eg banks. Otherwise Id rather rent an apartment I cant afford to buy outright and buy 20acres in olepolos

I was at the site this morning.My observations:
When completed there will be two access roads.The shorter one is quite bad at the moment.
I measured the 'DSQ' for the 2 BR unit to be about
6 x 5 foot 7 inches(we joked that one will have to get a customized bed measured out and then mounted inside the room}the 3 BR DSQ was not much bigger..
There are no balconies which I didn't like (though there was to be one in the sitting room side initially)There is a common laundry area on the ground floor for all occupants which also looked small(Is that where you would hang your inner clothes to dry?)
The open plan kitchen looked small to me i.e after putting in a medium fridge and cooker
The building will be six floors i,e ground floor plus 5 floors above it.
Some guys I was with were worried that the ground floor may get flooded but this was ruled out by the project planner who said storm water drainage had been taken care of.
The car park will be outside,ie not in the quadrangle inside and all occupants will have one car park(the visitors parking was not well explained.
On the way out,I wonder how one would manoeuvre to join Mombasa rd towards town if the highway is busy..
So,if any of you guys had the 3,5 M,what would you consider a better investment(buy some land and built one bed room units for rental,i,e for one wishing to buy for rental, rather that live there?

Ok,how much was the unit when you bought?

Heard the show house is ready. Does anyone have pictures of the showhouse? Thanks