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Race Course Garden, Ngong Rd, Are They Real ?
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Realcement
#1 Posted : Monday, July 21, 2014 11:29:15 AM
Rank: Member

Joined: 7/21/2014
Posts: 100
Location: Ghana
Race Course Garden Apartments, Ngong Road, Are They Real ?

Dear All,

In the spirit of Wazua, are these guys reliable or con men ?

Is it advisable to subscribe for the Pre Sale apartment offer.
Their website is www.peninsula.co.ke

If they are genuine, is the location okay for investment purposes (rental income) and have they delivered a project before ?

Please advise to make an informed decision on their proposal ?
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  | | Edit by moderator: Monday, July 21, 2014 11:57 AM | Reason: correction; title shortened
Realcement
#2 Posted : Monday, July 21, 2014 12:25:11 PM
Rank: Member

Joined: 7/21/2014
Posts: 100
Location: Ghana
The correct website is

www.peninsula.co.ke

What of the security factor of locating property near forest (Ngong Forest) ?

Has the ground breaking been done ?


Thanks in advance for your responses
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Realcement
#3 Posted : Monday, July 21, 2014 1:58:44 PM
Rank: Member

Joined: 7/21/2014
Posts: 100
Location: Ghana
Wazua real estate gurus, anyone ?
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holycow
#4 Posted : Monday, July 21, 2014 2:20:04 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
Are you referring to project being done by Adventis In Africa architects and Getso as Quantity Surveyor? If so, it's not in a forest but adjacent to the railway line. It's off Ngong Road at Kenol petrol station. A Chinese contractor is on site making rapid progress.The site used to be very swampy, I hope the engineers did a good job of the design.
Ps.
I have not checked your link so can't answer the funding concept. I'll give you the exact GPS coordinates later.
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Realcement
#5 Posted : Monday, July 21, 2014 2:53:50 PM
Rank: Member

Joined: 7/21/2014
Posts: 100
Location: Ghana
holycow wrote:
Are you referring to project being done by Adventis In Africa architects and Getso as Quantity Surveyor? If so, it's not in a forest but adjacent to the railway line. It's off Ngong Road at Kenol petrol station. A Chinese contractor is on site making rapid progress.The site used to be very swampy, I hope the engineers did a good job of the design.
Ps.
I have not checked your link so can't answer the funding concept. I'll give you the exact GPS coordinates later.



Thanks sir for your response.
No the developers are Home Find Properties.
http://www.homefindersproperties.com

We are planning a site visit but I want to be well informed before I travel all the way to see
their site, so as not to waste air ticket money.
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butterflyke
#6 Posted : Monday, July 21, 2014 3:38:56 PM
Rank: Elder

Joined: 5/1/2010
Posts: 3,024
Location: Hapa
Realcement wrote:
holycow wrote:
Are you referring to project being done by Adventis In Africa architects and Getso as Quantity Surveyor? If so, it's not in a forest but adjacent to the railway line. It's off Ngong Road at Kenol petrol station. A Chinese contractor is on site making rapid progress.The site used to be very swampy, I hope the engineers did a good job of the design.
Ps.
I have not checked your link so can't answer the funding concept. I'll give you the exact GPS coordinates later.



Thanks sir for your response.
No the developers are Home Find Properties.
http://www.homefindersproperties.com

We are planning a site visit but I want to be well informed before I travel all the way to see
their site, so as not to waste air ticket money.



i think the projects are the same going by what is mentioned on peninsula website and homefinders are (one of) the realtors
Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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holycow
#7 Posted : Monday, July 21, 2014 3:53:24 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
butterflyke wrote:
Realcement wrote:
holycow wrote:
Are you referring to project being done by Adventis In Africa architects and Getso as Quantity Surveyor? If so, it's not in a forest but adjacent to the railway line. It's off Ngong Road at Kenol petrol station. A Chinese contractor is on site making rapid progress.The site used to be very swampy, I hope the engineers did a good job of the design.
Ps.
I have not checked your link so can't answer the funding concept. I'll give you the exact GPS coordinates later.



Thanks sir for your response.
No the developers are Home Find Properties.
http://www.homefindersproperties.com

We are planning a site visit but I want to be well informed before I travel all the way to see
their site, so as not to waste air ticket money.



i think the projects are the same going by what is mentioned on peninsula website and homefinders are (one of) the realtors


Thanks, yes, they are the same. The Coordintes are
1.2993233 south,36.7464257 East.
The contractor works during the weekend Sunday included. I have gone through the facebook page.
https://www.facebook.com/photo.p...e=1&relevant_count=1
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Realcement
#8 Posted : Monday, July 21, 2014 4:15:35 PM
Rank: Member

Joined: 7/21/2014
Posts: 100
Location: Ghana
Thanks to all, that means that project exists.
Is the location okay ?
Can I trust them that they will deliver as scheduled ie 2016 or thereabout ?
Is the offer prices fair

1 bedroom ranges from ksh 4.1m to 4.8m ?

Thanks once again sir @holycow & @butterflyke

Please I need more responses to make an informed decision and to make assurance being given doubly sure.
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  | | Edit by user: Monday, July 21, 2014 5:10 PM | Reason: Not specified
DBLyon
#9 Posted : Monday, July 21, 2014 6:11:57 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
@Realcement - Check Suraya prices on Ngong Road to compare. See http://www.suraya.co.ke/...ynx-ngong-road?start=7.

In general the prices of these sorts of developments have gone up a lot. Who knew one would ever buy a 1 bedroom flat for 5M in a lower middle class area?

Suraya projects can take a long time to complete, but they did a good job at Fourways Junction once they got the court issues out of the way.

On Racecourse Gardens - they are legit.

On location - it is an okay location. I think this development will also change the area quite a bit - both the expectation and the future developments.

2 bedroom flats in the area now fetch about 40k a month. I think the quality of these will be competitive.
When you live for others' opinions, you are dead.

- Carlos Slim Helu
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Realcement
#10 Posted : Monday, July 21, 2014 8:31:57 PM
Rank: Member

Joined: 7/21/2014
Posts: 100
Location: Ghana
Thanks sir DBLyon for your contribution.
This is eye opening.
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