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Off plan build projects - reputable firms please
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Thirst_4_Knowledge
#1 Posted : Thursday, May 26, 2016 4:42:59 PM
Rank: Hello


Joined: 5/9/2016
Posts: 9
Good afternoon people.

For someone who is interested in pursuing an off plan investment project (apartment or stand alone house) are there any recommendations on reputable firms that deliver such projects?

I would appreciate your input outlining at least 3 reputable firms.

Cheers.
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ForSport2
#2 Posted : Thursday, May 26, 2016 11:29:18 PM
Rank: New-farer


Joined: 12/9/2015
Posts: 47
Location: +254
Suraya
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Horton
#3 Posted : Friday, May 27, 2016 6:31:04 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
ForSport2 wrote:
Suraya


I thought he said "reputable" Laughing out loudly
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Shiwashei
#4 Posted : Friday, May 27, 2016 8:38:05 AM
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Joined: 11/9/2015
Posts: 18
AMS properties.
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lochaes
#5 Posted : Friday, May 27, 2016 8:53:49 AM
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Joined: 6/30/2014
Posts: 86
Location: nairobi
ForSport2 wrote:
Suraya


Avoid!! tena sana!!Shame on you
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MaichBlack
#6 Posted : Friday, May 27, 2016 9:18:07 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Horton wrote:
ForSport2 wrote:
Suraya

I thought he said "reputable" Laughing out loudly

lochaes wrote:
ForSport2 wrote:
Suraya

Avoid!! tena sana!!Shame on you

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...
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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DBLyon
#7 Posted : Friday, May 27, 2016 1:04:13 PM
Rank: Member


Joined: 5/28/2014
Posts: 149
Location: Nairobi
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.
When you live for others' opinions, you are dead.

- Carlos Slim Helu
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lochaes
#8 Posted : Friday, May 27, 2016 4:31:31 PM
Rank: New-farer


Joined: 6/30/2014
Posts: 86
Location: nairobi
DBLyon wrote:
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.


When one opts out of a project the refunding of the deposit takes eons.
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MaichBlack
#9 Posted : Friday, May 27, 2016 11:32:48 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
DBLyon wrote:
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.

Wow!!! That's serious!!! Almost 4 years behind schedule! And do people only pay the deposit (what percentage?) or they keep adding money on a given schedule? I can only imagine someone who would have totally stretched himself financially because he knew from December 2012 he would not be paying rent!
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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DBLyon
#10 Posted : Thursday, June 02, 2016 3:42:43 PM
Rank: Member


Joined: 5/28/2014
Posts: 149
Location: Nairobi
MaichBlack wrote:
DBLyon wrote:
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.

Wow!!! That's serious!!! Almost 4 years behind schedule! And do people only pay the deposit (what percentage?) or they keep adding money on a given schedule? I can only imagine someone who would have totally stretched himself financially because he knew from December 2012 he would not be paying rent!


They give you both options. You can either pay a 20% deposit and then a mortgage, which starts on completion of the house, or you do a cash plan. 30% and then 20%, 20%, 20% each quarter, and then 10% on completion or some other permutation. The mortgage option is more costly.

For Sucasa the bedsitters were 900k or 950k in the beginning for cash, and 1.05M for mortgage buyers. But with time the mortgage buyers price went to 1.35M.
When you live for others' opinions, you are dead.

- Carlos Slim Helu
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Swenani
#11 Posted : Thursday, June 02, 2016 4:24:22 PM
Rank: User


Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
DBLyon wrote:
MaichBlack wrote:

Now I am curious. What's wrong with Suraya? I have never dealt with them but for some reason I always believed there are among the "good guys" out there - may be it is because I always get to see their completed projects. But you guys definitely know something I don't know.

In the spirit of wazua, can you guys share...


They take ages and ages with their projects. E.g. the Sucasa project in Mlolongo was to be complete in December 2012. Let's just say no one lives or can live there yet.

I think they sort of bite off more than they can chew.


Why can't they be sued for foregone income/interest earned on the capital?

Can you imagine the opportunity cost of money that could have been invested in 2010/11/12?
If Obiero did it, Who Am I?
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Dawnwoods
#12 Posted : Friday, June 03, 2016 3:32:33 PM
Rank: New-farer


Joined: 5/22/2014
Posts: 56
Please please do not sue Suraya... I will buy your property mara moja... just get back to me... Please tafadhari... Am waiting for your response and then furnish you with contact... My attorney is ready!!!! Please!!
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luxel
#13 Posted : Friday, June 03, 2016 8:33:53 PM
Rank: Member


Joined: 7/17/2008
Posts: 152
Everest park.
They completed phase 1 on time and delivered the promised quality.
They're now doing phase 2 on the same location on mombasa road.
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mibbz
#14 Posted : Friday, June 03, 2016 8:58:49 PM
Rank: Member


Joined: 2/18/2011
Posts: 448
Tofinarom are reputable,at times a bit slow in delivery but they definitely are cost-effective especially if you compare cost per sqm.


www.tofinarom.com
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