synergia wrote:now that thika golf estates and suraya are developing huge estates in thika, will it be the new nairobi? me thinks its part of the real estate bubble that will burst soon..
I agree with you.
There are two complete projects in thika which I would guess have not reached even 10% occupation.
One is near castle breweries next to the cemetry there. The other is the flats near leather industries of kenya. At 4.5m and 3.5m respectively no sane person from thika itself can buy these.
Just buy land (i think 40x80) for even 900k in landless, gatundu etc and build your house for another 1.5m.
Especially the flats, 3.5m to buy only the walls, no way!