Wazua
»
Investor
»
Property
»
Legacy Apartment by Hass Consult Is It A Good Deal ?
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
|
Hi Wazuans, What is your take in this Pre-Sale offer by notable Hassconsult? The proposed apartment block is located in Naivasha Road not far from Nakumatt junction shopping center and Ngong road. A close friend seeked my opinion on this, I know that Hassconsult is a reputable kenyan real estate firm , I am doubly sure they will deliver, but is the pricing good enough for investment purpose? Intro offer Studio Ksh 3.45m 1 bed Ksh 4.95M 2 Bed Ksh 7.25M http://www.hassconsult.c...;ref_no=MC/1780&t=1
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
|
|
|
Rank: New-farer Joined: 9/6/2010 Posts: 97 Location: nairobi, kenya
|
In my opinion the price is very fair (based on the assumption that finishing will be similar to previous Hass projects), only drawback is that the project borders a slum area. Hence potential returns in rent will be lower by around 20-25% as compared to the area right adjacent Junction mall. Before you can be be old and wise, you must first be young and stupid.
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Not bad for investment property. Real estate is really going crazy.KShs 3.5 m would get you a 3br apartment at Nairobi dam or a 3 br bungalow in buru just 10 yrs ago! Life is short. Live passionately.
|
|
|
Rank: Member Joined: 3/31/2009 Posts: 56
|
Hass consult is just a selling agent, the developer is the one who delivers. i thought it was a good deal, my concern was/is cost and long term commitment of service charge payment by the tenants since they have things like lifts.
|
|
|
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
|
Thanks to all so far . Hass Consult said they are not just marketers of this project, that they are directly involved in the development. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
|
|
|
Rank: Veteran Joined: 12/23/2010 Posts: 1,229
|
How does it compare with the lynx ( ngong road) which suraya is selling?
|
|
|
Rank: Veteran Joined: 11/14/2006 Posts: 1,311
|
For Sport wrote:How does it compare with the lynx ( ngong road) which suraya is selling? Lynx is in a much better location and cheaper even though the sizes of the apartments are smaller.
I have seen the show houses and I think I will buy.
BEDSITTER - 17 SQM - KSHS 2,200,000/=
STUDIO - 23 SQM - KSHS 2,800,000/=
1 BEDROOM - 30 SQM - KSHS 3,750,000/=
2 BEDROOM - 42 SQM - KSHS 4,950,000/=
2 BEDROOM ENSUITE - 50 SQM - KSHS 5,950,000/=
The above prices are for Cash buyers. Mortgage prices are slightly higher.
|
|
|
Rank: Veteran Joined: 12/23/2010 Posts: 1,229
|
Thanks @Liv. Any idea what he projected rental income for the diff units is?
|
|
|
Rank: Veteran Joined: 11/14/2006 Posts: 1,311
|
For Sport wrote:Thanks @Liv. Any idea what he projected rental income for the diff units is? No idea... but given the location, along ngong road near Uchumi hyper, a furnished apartment there will get you good rental income.
|
|
|
Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
|
Liv wrote:For Sport wrote:Thanks @Liv. Any idea what he projected rental income for the diff units is? No idea... but given the location, along ngong road near Uchumi hyper, a furnished apartment there will get you good rental income. link ie website for those in diaspora?
|
|
|
Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
|
|
|
|
Rank: Member Joined: 1/24/2013 Posts: 325
|
sparkly wrote:Not bad for investment property. Real estate is really going crazy.KShs 3.5 m would get you a 3br apartment at Nairobi dam or a 3 br bungalow in buru just 10 yrs ago! SMH @Sparkly, don't even mention this. Way back then I had an opportunity to get one of those Nairobi Dan Masionettes for like 3m and procrastinated. Sasa ninajiogelesha... 
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Ngong wrote:
link ie website for those in diaspora?
LINK1: Lynx Apartments by SurayaLINK2: Legacy Apartments by HassConsultPesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
|
Yes Suraya pricing is cheaper within the same vicinity, but the feed back I got is that Suraya trade mark is in mass housing so there is high likelihood of superior finishing by Hass consult when compared to Suraya. In addition the size of the apartment offered by Suraya is very small compared to Hassconsult offer. For a non resident, after purchase management of tenants for rental income, Hassconsult has a good precedence, no body is sure whether Suraya offer such service. This is very important in investment. Reputation counts and ability to satisfy non resident client needs, so it may be more worth while to stick to hassconsult. For Kenya resident, the choices will be different. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
|
|
|
Rank: Veteran Joined: 2/3/2012 Posts: 1,317
|
young wrote:Yes Suraya pricing is cheaper within the same
vicinity, but the feed back I got is that Suraya
trade mark is in mass housing so there is high
likelihood of superior finishing by Hass consult when compared to Suraya.
In addition the size of the apartment offered by Suraya is very small compared to Hassconsult offer.
For a non resident, after purchase management of tenants for rental income, Hassconsult has a good precedence, no body is sure whether Suraya offer such service. This is very important in investment.
Reputation counts and ability to satisfy non resident client needs, so it may be more worth while to stick to hassconsult. For Kenya resident, the choices will be different. Suraya has a pool and is close to Uchumi and Prestige mall. Hass apartments are in Kawangware at the stage called sodom.
|
|
|
Rank: Member Joined: 3/19/2013 Posts: 344
|
Not to sound too naive but what would the rental income be for Lynx Apartments (all options) - Suraya. Would they make a good investment if taking out a mortgage or would one have to "top-up"?
|
|
|
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
|
kollabo wrote:young wrote:Yes Suraya pricing is cheaper within the same
vicinity, but the feed back I got is that Suraya
trade mark is in mass housing so there is high
likelihood of superior finishing by Hass consult when compared to Suraya.
In addition the size of the apartment offered by Suraya is very small compared to Hassconsult offer.
For a non resident, after purchase management of tenants for rental income, Hassconsult has a good precedence, no body is sure whether Suraya offer such service. This is very important in investment.
Reputation counts and ability to satisfy non resident client needs, so it may be more worth while to stick to hassconsult. For Kenya resident, the choices will be different. Suraya has a pool and is close to Uchumi and Prestige mall. Hass apartments are in Kawangware at the stage called sodom. Really ??
I know kawangware as a slump, unless things have
changed !!!At times slump areas are bought over by estate developers and developed to estates. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
|
|
|
Rank: Member Joined: 7/4/2010 Posts: 118
|
Liv wrote:For Sport wrote:How does it compare with the lynx ( ngong road) which suraya is selling? Lynx is in a much better location and cheaper even though the sizes of the apartments are smaller.
I have seen the show houses and I think I will buy.
BEDSITTER - 17 SQM - KSHS 2,200,000/=
STUDIO - 23 SQM - KSHS 2,800,000/=
1 BEDROOM - 30 SQM - KSHS 3,750,000/=
2 BEDROOM - 42 SQM - KSHS 4,950,000/=
2 BEDROOM ENSUITE - 50 SQM - KSHS 5,950,000/=
The above prices are for Cash buyers. Mortgage prices are slightly higher. Has ground broken yet? The problem with this issue of the Suraya's Linx for Ngong rd is where is it? these guys are hoaxing us. Since these suraya guys had a dispute with the tycoon about his land, i have come to doubt them. probably using money got from this project for another project and delaying things whilst u sink deeper in debt repaying ur mortgage
|
|
|
Rank: Veteran Joined: 4/1/2009 Posts: 1,883
|
lisaox wrote:Liv wrote:For Sport wrote:How does it compare with the lynx ( ngong road) which suraya is selling? Lynx is in a much better location and cheaper even though the sizes of the apartments are smaller.
I have seen the show houses and I think I will buy.
BEDSITTER - 17 SQM - KSHS 2,200,000/=
STUDIO - 23 SQM - KSHS 2,800,000/=
1 BEDROOM - 30 SQM - KSHS 3,750,000/=
2 BEDROOM - 42 SQM - KSHS 4,950,000/=
2 BEDROOM ENSUITE - 50 SQM - KSHS 5,950,000/=
The above prices are for Cash buyers. Mortgage prices are slightly higher. Has ground broken yet? The problem with this issue of the Suraya's Linx for Ngong rd is where is it? these guys are hoaxing us. Since these suraya guys had a dispute with the tycoon about his land, i have come to doubt them. probably using money got from this project for another project and delaying things whilst u sink deeper in debt repaying ur mortgage not yet broken. keep on putting it off. has there been a dispute? took two units but cancelled one and still chasing a refund.
|
|
|
Rank: Member Joined: 1/24/2013 Posts: 325
|
Liv wrote:For Sport wrote:Thanks @Liv. Any idea what he projected rental income for the diff units is? No idea... but given the location, along ngong road near Uchumi hyper, a furnished apartment there will get you good rental income. What about Lynx Mbagathi road? How much would they be rented for?
|
|
|
Wazua
»
Investor
»
Property
»
Legacy Apartment by Hass Consult Is It A Good Deal ?
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|