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17 Pages«<151617
Low End Housing: High Risk, High Return
obiero
#321 Posted : Friday, June 14, 2019 1:52:42 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,289
Location: nairobi
jamplu wrote:
obiero wrote:
There's a little problem with the affordable housing push.. Will someone who bought a quarter piece of acre in Syokimau at KES 3m offer any sort of decent house at less than KES 7m https://www.businessdail...6564-ue2opuz/index.html



Unless mavoko changes their regulations in all zones within syokimau and allows you to do more than 4 units its just impossible to do anything less than 7M.

KCAA will also be on you if you go beyond 3rd floor in some areas of syokimau.


Affordable housing will actually only work towards Kangundo, Isinya, Loitokitok etc
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
tinker
#322 Posted : Friday, June 14, 2019 2:11:55 PM
Rank: Member


Joined: 11/15/2010
Posts: 373
Location: Nairobi
obiero wrote:
jamplu wrote:
obiero wrote:
There's a little problem with the affordable housing push.. Will someone who bought a quarter piece of acre in Syokimau at KES 3m offer any sort of decent house at less than KES 7m https://www.businessdail...6564-ue2opuz/index.html



Unless mavoko changes their regulations in all zones within syokimau and allows you to do more than 4 units its just impossible to do anything less than 7M.

KCAA will also be on you if you go beyond 3rd floor in some areas of syokimau.


Affordable housing will actually only work towards Kangundo, Isinya, Loitokitok etc


You can't write Kangundo and Loitokitok in same statement. it is 286 KM from Nairobi City.
....He who began a good work in you will carry it on to completion..
obiero
#323 Posted : Friday, June 14, 2019 6:22:55 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,289
Location: nairobi
tinker wrote:
obiero wrote:
jamplu wrote:
obiero wrote:
There's a little problem with the affordable housing push.. Will someone who bought a quarter piece of acre in Syokimau at KES 3m offer any sort of decent house at less than KES 7m https://www.businessdail...6564-ue2opuz/index.html



Unless mavoko changes their regulations in all zones within syokimau and allows you to do more than 4 units its just impossible to do anything less than 7M.

KCAA will also be on you if you go beyond 3rd floor in some areas of syokimau.


Affordable housing will actually only work towards Kangundo, Isinya, Loitokitok etc


You can't write Kangundo and Loitokitok in same statement. it is 286 KM from Nairobi City.

Hata huko kuna watu wanaishi bana
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
Impunity
#324 Posted : Saturday, June 15, 2019 1:02:25 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,150
Location: Masada
nairobby wrote:
MugundaMan wrote:
hardwood wrote:
Selling a 25sqm single room at 3m is the biggest con ever since it translates to 120,000 Bob per sqm while cost of construction is 25k per m2. Ksh 3m can build you a 3bdrm house elsewhere. Also I thought all county approvals are for minimum 1bdr units, (like visionary kabogo recommended) lest we end up with high rise slums.


Laughing out loudly Laughing out loudly Laughing out loudly

You are crushing nairobby-wukan's dreams boss!
Karibu homes Mutongoni road Athi River ni kengine.
Those "homes" are 3m but if you stretch your arms you can literally touch opposite walls at once. This is why DC is the future. Wide open spaces and huge homes for a fraction of the cost per sqm and half of Nairobi is already there so amenities are fast catching up!


Those Kitengela homes going for 8/9m are fetching 35k rent. That's very poor. Looking at it from a rental play perspective these studios are a much better investment and have ready demand for them.


What do they mean by 45 years sublease?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

obiero
#325 Posted : Saturday, June 15, 2019 5:16:57 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,289
Location: nairobi
Impunity wrote:
nairobby wrote:
MugundaMan wrote:
hardwood wrote:
Selling a 25sqm single room at 3m is the biggest con ever since it translates to 120,000 Bob per sqm while cost of construction is 25k per m2. Ksh 3m can build you a 3bdrm house elsewhere. Also I thought all county approvals are for minimum 1bdr units, (like visionary kabogo recommended) lest we end up with high rise slums.


Laughing out loudly Laughing out loudly Laughing out loudly

You are crushing nairobby-wukan's dreams boss!
Karibu homes Mutongoni road Athi River ni kengine.
Those "homes" are 3m but if you stretch your arms you can literally touch opposite walls at once. This is why DC is the future. Wide open spaces and huge homes for a fraction of the cost per sqm and half of Nairobi is already there so amenities are fast catching up!


Those Kitengela homes going for 8/9m are fetching 35k rent. That's very poor. Looking at it from a rental play perspective these studios are a much better investment and have ready demand for them.


What do they mean by 45 years sublease?

Could it be that they are leasing from a lessor
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
Impunity
#326 Posted : Sunday, June 16, 2019 7:10:37 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,150
Location: Masada
obiero wrote:
Impunity wrote:
nairobby wrote:
MugundaMan wrote:
hardwood wrote:
Selling a 25sqm single room at 3m is the biggest con ever since it translates to 120,000 Bob per sqm while cost of construction is 25k per m2. Ksh 3m can build you a 3bdrm house elsewhere. Also I thought all county approvals are for minimum 1bdr units, (like visionary kabogo recommended) lest we end up with high rise slums.


Laughing out loudly Laughing out loudly Laughing out loudly

You are crushing nairobby-wukan's dreams boss!
Karibu homes Mutongoni road Athi River ni kengine.
Those "homes" are 3m but if you stretch your arms you can literally touch opposite walls at once. This is why DC is the future. Wide open spaces and huge homes for a fraction of the cost per sqm and half of Nairobi is already there so amenities are fast catching up!


Those Kitengela homes going for 8/9m are fetching 35k rent. That's very poor. Looking at it from a rental play perspective these studios are a much better investment and have ready demand for them.


What do they mean by 45 years sublease?

Could it be that they are leasing from a lessor


After 45 years what happens to my kids?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

hardwood
#327 Posted : Sunday, June 16, 2019 10:36:17 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,464
Location: Rodi Kopany, Homa Bay
Impunity wrote:
obiero wrote:
Impunity wrote:
nairobby wrote:
MugundaMan wrote:
hardwood wrote:
Selling a 25sqm single room at 3m is the biggest con ever since it translates to 120,000 Bob per sqm while cost of construction is 25k per m2. Ksh 3m can build you a 3bdrm house elsewhere. Also I thought all county approvals are for minimum 1bdr units, (like visionary kabogo recommended) lest we end up with high rise slums.


Laughing out loudly Laughing out loudly Laughing out loudly

You are crushing nairobby-wukan's dreams boss!
Karibu homes Mutongoni road Athi River ni kengine.
Those "homes" are 3m but if you stretch your arms you can literally touch opposite walls at once. This is why DC is the future. Wide open spaces and huge homes for a fraction of the cost per sqm and half of Nairobi is already there so amenities are fast catching up!


Those Kitengela homes going for 8/9m are fetching 35k rent. That's very poor. Looking at it from a rental play perspective these studios are a much better investment and have ready demand for them.


What do they mean by 45 years sublease?

Could it be that they are leasing from a lessor


After 45 years what happens to my kids?


Your kids will be kicked out after the sublease ends and the flat sold to someone else.
obiero
#328 Posted : Sunday, June 16, 2019 3:29:58 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,289
Location: nairobi
hardwood wrote:
Impunity wrote:
obiero wrote:
Impunity wrote:
nairobby wrote:
MugundaMan wrote:
hardwood wrote:
Selling a 25sqm single room at 3m is the biggest con ever since it translates to 120,000 Bob per sqm while cost of construction is 25k per m2. Ksh 3m can build you a 3bdrm house elsewhere. Also I thought all county approvals are for minimum 1bdr units, (like visionary kabogo recommended) lest we end up with high rise slums.


Laughing out loudly Laughing out loudly Laughing out loudly

You are crushing nairobby-wukan's dreams boss!
Karibu homes Mutongoni road Athi River ni kengine.
Those "homes" are 3m but if you stretch your arms you can literally touch opposite walls at once. This is why DC is the future. Wide open spaces and huge homes for a fraction of the cost per sqm and half of Nairobi is already there so amenities are fast catching up!


Those Kitengela homes going for 8/9m are fetching 35k rent. That's very poor. Looking at it from a rental play perspective these studios are a much better investment and have ready demand for them.


What do they mean by 45 years sublease?

Could it be that they are leasing from a lessor


After 45 years what happens to my kids?


Your kids will be kicked out after the sublease ends and the flat sold to someone else.

But in law, the current occupant will be given first priority to place a bid
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
obiero
#329 Posted : Sunday, June 16, 2019 3:31:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,289
Location: nairobi
hardwood wrote:
Impunity wrote:
obiero wrote:
Impunity wrote:
nairobby wrote:
MugundaMan wrote:
hardwood wrote:
Selling a 25sqm single room at 3m is the biggest con ever since it translates to 120,000 Bob per sqm while cost of construction is 25k per m2. Ksh 3m can build you a 3bdrm house elsewhere. Also I thought all county approvals are for minimum 1bdr units, (like visionary kabogo recommended) lest we end up with high rise slums.


Laughing out loudly Laughing out loudly Laughing out loudly

You are crushing nairobby-wukan's dreams boss!
Karibu homes Mutongoni road Athi River ni kengine.
Those "homes" are 3m but if you stretch your arms you can literally touch opposite walls at once. This is why DC is the future. Wide open spaces and huge homes for a fraction of the cost per sqm and half of Nairobi is already there so amenities are fast catching up!


Those Kitengela homes going for 8/9m are fetching 35k rent. That's very poor. Looking at it from a rental play perspective these studios are a much better investment and have ready demand for them.


What do they mean by 45 years sublease?

Could it be that they are leasing from a lessor


After 45 years what happens to my kids?


Your kids will be kicked out after the sublease ends and the flat sold to someone else.

But in law, the current occupant will be given first priority to place a bid
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
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