a4architect.com wrote:@stock.enigma. Very true. Kitengela area has a very high population of singles due to the EPZ factories. Along thika road, the singles population is again very high due to Universities, namely KU, JKUCAT and KSMS/USIU etc.
Same is replicated in lesser scale along Ngong road, Mombasa roa and Waiyaki way.
@Migi, heed a4arc, and welcome to my neighborhood around slaughter house near the water tanks opp Ashut.
here is My experience:
1. Single units are in high demand but the costs associated with their management is an issue to consider before embarking on brick and mortar. One such cost is septic exhausting and water management. Compare this a flat with say 50 units will fetch you 8000 per unit per month on the higher side. The cost of such a building will be over 40 million. Cost of management could be about 50k per month. Compare with:
2. Two bedroom self contained units on a similar sized plot will fetch you about 20 units each generating 15,000 per unit per month. Will cost less than 30 million to build and monthly expenses may not exceed 30k.
I have 2 bedroom units and don't envy my neighbours with their many singles.