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Garden City Thika Road
Rank: Member Joined: 3/26/2012 Posts: 830
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madollar wrote:premio wrote:lots of hype about Massmart game found it smaller than the smallets tuskys or naivas around nothing new only a few low quality xenophopia products Nakkumat miles ahead. TRM still stands out.garden city interior works 70% incomplete Once complete TRM will look like a ka bedsitter compared to garden city.TRM sales will also nosedive due to its proximity to garden city infact it might be the biggest casualty of all the malls that will be located along the highway I beg to differ because of one reason...the location of garden city favors people heading towards town...nobody shops while going to work...TRM is located in such a way it targets those coming from town towards their homes in Kahawa or Membley etc...so personally, I think Garden City will pay for that little inconvenience. People will only shop in Garden City during weekends when they have all the time in the world. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Veteran Joined: 6/23/2014 Posts: 1,652
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S.Mutaga III wrote:madollar wrote:premio wrote:lots of hype about Massmart game found it smaller than the smallets tuskys or naivas around nothing new only a few low quality xenophopia products Nakkumat miles ahead. TRM still stands out.garden city interior works 70% incomplete Once complete TRM will look like a ka bedsitter compared to garden city.TRM sales will also nosedive due to its proximity to garden city infact it might be the biggest casualty of all the malls that will be located along the highway I beg to differ because of one reason...the location of garden city favors people heading towards town...nobody shops while going to work...TRM is located in such a way it targets those coming from town towards their homes in Kahawa or Membley etc...so personally, I think Garden City will pay for that little inconvenience. People will only shop in Garden City during weekends when they have all the time in the world. True.I was at TRM over the weekend and there was a massive crowd as usual.To get in and out of Garden city is a big headache and a nightmare.In fact The Two rivers may have a bigger impact as opposed to the Garden City.Consumers will try to avoid the traffic around Roysambu/Zimmerman. Hutia Mundu!!
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Rank: Member Joined: 3/26/2012 Posts: 280
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TRM is better placed. The many flats sorrounding it provide a ready pool of clients apart from the drive ins. Remember these flats house the fellows who love the mall culture and like spending. DOH
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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In the west,the rich usually prefer not to have malls in their vicinity because they attract traffic and idlers. Will that happen in Kenya? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Bachuma Gate wrote:TRM is better placed. The many flats sorrounding it provide a ready pool of clients apart from the drive ins. Remember these flats house the fellows who love the mall culture and like spending. A little birdie tells me most shops in TRM are closing down.Business has been bad.With the exception of Nakumatt and maybe the eateries and banks,hao wengine breakeven is a problem. The surrounding population much as they love spending do not want to be reaped off.Take for example the shoe shop there.Few guys will buy a 20 k shoe from them.Sketchers for kids going for 8k is not for that market.Worse still you will get them in Gikomba at 1k or 1.5k max. I did not like Garden city.Messy entrance and did not see anything out of the ordinary. Meanwhile what became of Taj Mall.Less than 40% occupancy?? Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa
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Wamunyota wrote:S.Mutaga III wrote:madollar wrote:premio wrote:lots of hype about Massmart game found it smaller than the smallets tuskys or naivas around nothing new only a few low quality xenophopia products Nakkumat miles ahead. TRM still stands out.garden city interior works 70% incomplete Once complete TRM will look like a ka bedsitter compared to garden city.TRM sales will also nosedive due to its proximity to garden city infact it might be the biggest casualty of all the malls that will be located along the highway I beg to differ because of one reason...the location of garden city favors people heading towards town...nobody shops while going to work...TRM is located in such a way it targets those coming from town towards their homes in Kahawa or Membley etc...so personally, I think Garden City will pay for that little inconvenience. People will only shop in Garden City during weekends when they have all the time in the world. True.I was at TRM over the weekend and there was a massive crowd as usual.To get in and out of Garden city is a big headache and a nightmare.In fact The Two rivers may have a bigger impact as opposed to the Garden City.Consumers will try to avoid the traffic around Roysambu/Zimmerman. Unless Limuru road is expanded, coupled with poor road etiquette by motorists, traffic on that road will a flaming nightmare once Mito Miwili is open. Unless of course price and product discrimination are applied as mentioned by Bigchick - 'high end' products targeting 'high end' clientele Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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murchr wrote:In the west,the rich usually prefer not to have malls in their vicinity because they attract traffic and idlers. Will that happen in Kenya? So us guys from Dandora are rich,we do not have a mall or a shopping complex  If Obiero did it, Who Am I?
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Rank: Member Joined: 5/26/2009 Posts: 326 Location: Nairobi
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nakujua wrote:wa P wrote:Lolest! wrote:kiash wrote:What is the future of these mall like ? Wazuan Experts mko wapy? i saw in some cities in the US where actually malls came from there are several that have become ghost malls.Customers stopped coming and so the traders had to close shop.Am just wondering how long this craze will last in Kenya and especially in Nai.Before the construction of garden mall, there used to be that kamall with Naivas next to where Nakumatt used to be. Then came TRM @roysambu. Now garden mall.There will be Naivas, Nakumatt and Massmart who will start the fight for customers.I hope this will be good for the customers but i do not know how long Naivas will last.Ask Uchumi jipange hapo kando . Middo kless Kenians want to be seen to shop in malls hata kama ni shopping ya maziwa na mkate We will pour on the malls, however many they are like mist-to utilise an african proverb My take: Junction is on high noon due to impossible access; its next stab on glory is when (if) Ngong road will be expanded. Galleria: will thrive due to diaspora and Langata people. they are also diversifying into variety center (shops, sports...) and boy they have land!. Garden City....accessibility may be an issue. Unless they attract customers from far flung areas, the immediate demography does not inspire much confidence. Two Rivers and The Hub (Karen) will be the malls to beat. ....and to real estate investors - build something in Thika yawa (next to superhighway.) How is accessibility to Garden City an issue, thought with the super highway access issues should be sorted.Two rivers and the hub will be interesting to see how with time they will fair - considering a good chuck of their target market ni runda na karen, it will be interesting to see if the rich like hanging around malls, that mobil plaza huko muthaiga never seems to have life - though I have to admit I have never spent lots of time inside apart from buying mkate hapo chandarana. Access to garden city is nightmare. Coming from town, you take exit 7 and spend several minutes fighting Githu buses which stop haphazardly towards Naivas. Then you cross bridge, cut through more traffic. Repeat same story getting out. Not to mention the 30 min it took to do the 400m or so stretch to the security checks. TRM has better access, and you find pretty much everything you'd find at Garden City, except South African potatoes.
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Rank: Member Joined: 1/9/2015 Posts: 188
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Come to think of it...what is the selling prices for those houses that are next to Garden city now.. they must be doing Kitu 50M
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...e-american-shopping-mall"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...-american-shopping-mall[/quote] If Obiero did it, Who Am I?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Swenani wrote:Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...-american-shopping-mall[/quote] ?? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/20/2007 Posts: 4,432
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murchr wrote:Swenani wrote:Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...-american-shopping-mall[/quote] ?? murchr swenani today we agree Malls are the ugliest things you have ever seen. But something great is coming soon very soon. Different kind of shopping experience that makes sense. Bookmark this post. Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Makali1 wrote:Personally speaking the rate at which malls are propping up is concerning. They encourage and facilitate a consumerist culture instead of a saving culture amongst the targeted middle class. Next comes materialism, greed and eventually poverty and misery because people are forced to live above their means in order to keep up with the rest. What Kenyan middle class should be doing is boosting their savings for investments instead of giving away hard earned money to these global corporations, who care little about the common man's struggles.  You have spoken like 10 men and 10 Women Guild ladies combined!!! I noticed the same when I visited Garden City that first weekend. There was a mad rush to buy electronics especially flat screen TVs. Never have I seen so many trolleys with flat screen TVs in Kenya in the same place at the same time. I could not help but wonder:- 1) Is it that all these people don't have no TVs? 2) Had these guys budgeted/planned to buy flat screen TVs or they just found them on "offer" and decided to swipe?? We are going to end up with broke retirees in future!! Extremely broke Kenyan retirees! There are fully grown men and women with proper jobs who have no savings or investments! They always run out of money midway through the month! The situation is about to get worse with malls all over! Some Kenyans have embraced the American culture of living through debt (consumption debt) forgetting that unlike in the US, in Kenya there are no structures to support them when the sh!t hit the fan! Government supported social structures virtually non existent!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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This is EXACTLY what will happen in Kenya in a couple of years and this is exactly what most of us have been saying all along!!! Now, is it that the investors are too stupid to realize this or they want to get in, transfer the monkey/monkeys to someone else and leave before the sh!t hits the fan!!?? Take Juja mall. They bought land, are setting up a mall and now they are selling 1/8th of an acre next to the mall for 6.5 m to 8 m. An 1/8th was going for less than 1 m when they bought the land. The unfinished mall has enabled them to sell the undeveloped land for more than 10 times the initial going price! Even if the mall does not work out, they have already made their money! Woe unto the Kenyans who will be left holding over priced land next to a (FORMER) mall. Welcome to Nairobbery!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa
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alma wrote:murchr wrote:Swenani wrote:Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...-american-shopping-mall[/quote] ?? murchr swenani today we agree Malls are the ugliest things you have ever seen. But something great is coming soon very soon. Different kind of shopping experience that makes sense. Bookmark this post. @alma, welcome back. Do you mean robbery? Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Mtangoja mchoke, just like that property bubble that has been coming for the last 5 years. Those collapsed malls in the US are as a result of poor planning by the developers. You can't build a mall in the middle of nowhere and expect it to beat one that is in the middle of a high density city/town. We are still very very very far from that US case. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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dunkang wrote:Mtangoja mchoke, just like that property bubble that has been coming for the last 5 years.
Those collapsed malls in the US are as a result of poor planning by the developers. You can't build a mall in the middle of nowhere and expect it to beat one that is in the middle of a high density city/town.
We are still very very very far from that US case.
The problem with your reasoning is comparing grapes to apples. There will be no property bubble in Kenya mainly because of our financial systems. Those who take loans to buy property are a minority i doubt that there more than 1M kenyans with mortgages. Malls in Kenya and more so in Nairobi will soon be ghost towns reason being we only go there to buy groceries from the likes of Nakumatt Naivas Uchumi etc the other shops are filled with people just coming to see...hence the low occupancy rates. Ati malls collapsed due to poor planning by developers? These malls are in the middle of residential areas..but the shops in them did were doing so poorly in sales that they closed down read the likes of JC Penny etc. Speaking of planning, what planning went into having Garden City, TRM, and in afew days KUCity malls all on the same road..competing for the same client.. The most successful mall in Kenya, Sarit Center was constructed in 1983...i don't know if you were born then but going to Sarit was an experience what was there back then? Would you say going to Garden city or TRM is an experience with all the commotion getting into any of them? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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dunkang wrote:Mtangoja mchoke, just like that property bubble that has been coming for the last 5 years.
Those collapsed malls in the US are as a result of poor planning by the developers. You can't build a mall in the middle of nowhere and expect it to beat one that is in the middle of a high density city/town.
We are still very very very far from that US case.
Occupancy rates have been given here!! You want to argue with numbers? You visit malls. How many BUYING customers do you see in the other shops other than supermarkets, eateries, phone shops and the likes of Bata? We don't have enough population to support the prices in those shops!! To quote the story in the link above, "It is not rocket science! People just don't have the f@#king money!!". And some of those who have it have better things to put the money into. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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