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Konza City - is it a good investment
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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Ericsson wrote:Angelica _ann wrote:Konza is becoming reality soon This one died a long time ago Same thing the naysayers said about SGR and LAPPSET even before the first excavator hit the soil on both, my braddah. Kaa chonjo and watch Kenya boom. in 5 years time I hope you will still be a member hapa so we could enjoy reminding you that "we told you so" about KC :)
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:Angelica _ann wrote:Konza is becoming reality soon This one died a long time ago 1. One thing I have learnt about government projects... The move slowly but surely. If GOK says it will build a pipeline, be sure it will. 2. One thing I have learnt about projects generally... Infrastructure follows the people, not the other way around. GOK will not build a road, connect power, water and wifi to a remote place to encourage settlement. However, if you build your settlement in a remote place, GOK will build a road, connect power, water and wifi to your remote Kibanda. Same thing with Konza. Once investors who are allocated parcels start constructing, Project will move at un-imaginable speed. 3. A good example is upperhill. 15 years ago, upperhill was just KASNEB, Rahimtulla and a few residential buildings (some converted into restaurants) with just one street through to KNG. Right now Upperhill is a highrise city within a city with an excellent road power and water network. Life is short. Live passionately.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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sparkly wrote:Ericsson wrote:Angelica _ann wrote:Konza is becoming reality soon This one died a long time ago 1. One thing I have learnt about government projects... The move slowly but surely. If GOK says it will build a pipeline, be sure it will. 2. One thing I have learnt about projects generally... Infrastructure follows the people, not the other way around. GOK will not build a road, connect power, water and wifi to a remote place to encourage settlement. However, if you build your settlement in a remote place, GOK will build a road, connect power, water and wifi to your remote Kibanda. Same thing with Konza. Once investors who are allocated parcels start constructing, Project will move at un-imaginable speed. 3. A good example is upperhill. 15 years ago, upperhill was just KASNEB, Rahimtulla and a few residential buildings (some converted into restaurants) with just one street through to KNG. Right now Upperhill is a highrise city within a city with an excellent road power and water network. expound on what excellent is? Upperhill is f***ed up. How can you spend more than 2 hrs to exit upperhill? If Obiero did it, Who Am I?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Swenani wrote:sparkly wrote:Ericsson wrote:Angelica _ann wrote:Konza is becoming reality soon This one died a long time ago 1. One thing I have learnt about government projects... The move slowly but surely. If GOK says it will build a pipeline, be sure it will. 2. One thing I have learnt about projects generally... Infrastructure follows the people, not the other way around. GOK will not build a road, connect power, water and wifi to a remote place to encourage settlement. However, if you build your settlement in a remote place, GOK will build a road, connect power, water and wifi to your remote Kibanda. Same thing with Konza. Once investors who are allocated parcels start constructing, Project will move at un-imaginable speed. 3. A good example is upperhill. 15 years ago, upperhill was just KASNEB, Rahimtulla and a few residential buildings (some converted into restaurants) with just one street through to KNG. Right now Upperhill is a highrise city within a city with an excellent road power and water network. expound on what excellent is? Upperhill is f***ed up. How can you spend more than 2 hrs to exit upperhill? Roads are good, traffic is bad. Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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sparkly wrote:Swenani wrote:sparkly wrote:Ericsson wrote:Angelica _ann wrote:Konza is becoming reality soon This one died a long time ago 1. One thing I have learnt about government projects... The move slowly but surely. If GOK says it will build a pipeline, be sure it will. 2. One thing I have learnt about projects generally... Infrastructure follows the people, not the other way around. GOK will not build a road, connect power, water and wifi to a remote place to encourage settlement. However, if you build your settlement in a remote place, GOK will build a road, connect power, water and wifi to your remote Kibanda. Same thing with Konza. Once investors who are allocated parcels start constructing, Project will move at un-imaginable speed. 3. A good example is upperhill. 15 years ago, upperhill was just KASNEB, Rahimtulla and a few residential buildings (some converted into restaurants) with just one street through to KNG. Right now Upperhill is a highrise city within a city with an excellent road power and water network. expound on what excellent is? Upperhill is f***ed up. How can you spend more than 2 hrs to exit upperhill? Roads are good, traffic is bad. The reason upper hill is f***ed up us because infrastructure followed the people. The last time i spoke to reliable sources Konza already had a power station. Underground elec wiring and fiber optic cable. First building is going up, I hope the access roads are oncourse "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: Hello Joined: 8/30/2018 Posts: 6
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Thank you all for your replies. I've had mixed messages from family and people here as well. I'm thinking of long term investment, to build at a later stage. I'll do my research, join a sacco and start from there. Slowly but surely, I'll start my real estate portfolio. I want something that I can rely on its income when I am too old to work. Real estate feels like a best investment for me.
Do you think real estate prices will go down soon? Will the bubble burst?
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Country Girl wrote:Thank you all for your replies. I've had mixed messages from family and people here as well. I'm thinking of long term investment, to build at a later stage. I'll do my research, join a sacco and start from there. Slowly but surely, I'll start my real estate portfolio. I want something that I can rely on its income when I am too old to work. Real estate feels like a best investment for me.
Do you think real estate prices will go down soon? Will the bubble burst? Our real estate is still at its infancy when you compare to other countries. Nairobi is not even built up lots of empty spaces, low rise apartments. Check out Shanghai on google earth and compare to Nairobi you will see that we have not even scratched the surface. Instead of buying land in konza buy a studio apartment. It will earn you some income as you build up your portfolio. The mortgage payments will not break you. There is some new project coming up in Ngara 11 floors of studios and 1 bedroom. My friend bought some studios on Kirinyaga road and he is doing quite well. Real estate is all about location. Don't buy idle land in some bush land hoping to make it big.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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wukan wrote:
Instead of buying land in konza buy a studio apartment. It will earn you some income as you build up your portfolio. The mortgage payments will not break you. There is some new project coming up in Ngara 11 floors of studios and 1 bedroom. My friend bought some studios on Kirinyaga road and he is doing quite well. Real estate is all about location. Don't buy idle land in some bush land hoping to make it big.
I now see why you are so against very good land investments in dustbowl  You actually BORROW money at 18% interest to buy a bedsitter on Kirinyaga road? What a strategy. I thought with all your "expertise" on matters real estate you would tell us of better options jameni kumbe ni mabedsitter tu on Kirinyaga road Nothing against those investments papo hapo though. To each their own.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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MugundaMan wrote:wukan wrote:
Instead of buying land in konza buy a studio apartment. It will earn you some income as you build up your portfolio. The mortgage payments will not break you. There is some new project coming up in Ngara 11 floors of studios and 1 bedroom. My friend bought some studios on Kirinyaga road and he is doing quite well. Real estate is all about location. Don't buy idle land in some bush land hoping to make it big.
I now see why you are so against very good land investments in dustbowl You actually BORROW money at 18% interest to buy a bedsitter on Kirinyaga road? What a strategy. I thought with all your "expertise" on matters real estate you would tell us of better options jameni kumbe ni mabedsitter tu on Kirinyaga road Nothing against those investments papo hapo though. To each their own. I told you I don't need any more houses I'm in biashara. When you and your friends afford 70m-90m per acre and do 11 floors we can discuss 'expertise'. To each his own lane.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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wukan wrote:
I told you I don't need any more houses I'm in biashara. When you and your friends afford 70m-90m per acre and do 11 floors we can discuss 'expertise'. To each his own lane.
Best thing you have said so far  Was just intrigued by where all your bile for dustbowl has been coming from. Kumbe ulikuwa Kirinyaga rd tu. In fact that is DUST and uncollected garbage CENTRAL  Thankfully MP Jaguar and Sonko are doing something about it pole pole to upgrade it to habitable standards.
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