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Nyayo Embakasi Houses
winmak
#201 Posted : Monday, November 30, 2015 12:03:25 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
Swenani wrote:
obiero wrote:
sitaki.kujulikana wrote:
obiero wrote:
Surely.. What confusion is this.. A number of properties still seeking tenants at KES 32,000 and lower. please inform the clueless fellows kuwa that is the going price for a 3bedroom in Athi River!!! Rent in Nyayo should be KES 40,000 going by purchase price of the units

Did not know that's how rent is calculated, from the purchase price. What formula is used.

ROI



Obiero,you expected somebody who got the houses for free or used corruption money to buy the houses to take into consideration the ROI?



Even a thief factors in the risk of getting caught...
For investors as a whole, returns decrease as motion increases ~ WB
obiero
#202 Posted : Monday, November 30, 2015 7:31:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
winmak wrote:
Swenani wrote:
obiero wrote:
sitaki.kujulikana wrote:
obiero wrote:
Surely.. What confusion is this.. A number of properties still seeking tenants at KES 32,000 and lower. please inform the clueless fellows kuwa that is the going price for a 3bedroom in Athi River!!! Rent in Nyayo should be KES 40,000 going by purchase price of the units

Did not know that's how rent is calculated, from the purchase price. What formula is used.

ROI



Obiero,you expected somebody who got the houses for free or used corruption money to buy the houses to take into consideration the ROI?



Even a thief factors in the risk of getting caught...

It is not possibble that all the 4,000 plus houses are owned by Hustler and Company. Got mine through hard work, plus network ofcourse :)

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#203 Posted : Tuesday, May 08, 2018 10:33:17 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Let me leave this here https://www.businessdail...550374-y7mmx8/index.html

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Caveman
#204 Posted : Wednesday, May 09, 2018 8:59:23 AM
Rank: Member


Joined: 4/15/2009
Posts: 371
I would say:
- When boosters are located far away, the mobile phone uses more power/radiation to communicate with it.
- When the boosters are near, the mobile phone just need to 'whisper' to communicate hence less power is used.
- There is KCA radar just nearby which transmits far much power than the boosters combined. Why not complain about this?
- Why do you permanently use microwaves and Bluetooth devices and then complain about a mere booster?
obiero
#205 Posted : Wednesday, May 09, 2018 9:08:49 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Caveman wrote:
I would say:
- When boosters are located far away, the mobile phone uses more power/radiation to communicate with it.
- When the boosters are near, the mobile phone just need to 'whisper' to communicate hence less power is used.
- There is KCA radar just nearby which transmits far much power than the boosters combined. Why not complain about this?
- Why do you permanently use microwaves and Bluetooth devices and then complain about a mere booster?

Very weird residents association. These masts are ubiquitous

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
kawi254
#206 Posted : Wednesday, May 09, 2018 9:49:12 AM
Rank: Member


Joined: 2/20/2015
Posts: 467
Location: Nairobi
obiero wrote:
Caveman wrote:
I would say:
- When boosters are located far away, the mobile phone uses more power/radiation to communicate with it.
- When the boosters are near, the mobile phone just need to 'whisper' to communicate hence less power is used.
- There is KCA radar just nearby which transmits far much power than the boosters combined. Why not complain about this?
- Why do you permanently use microwaves and Bluetooth devices and then complain about a mere booster?

Very weird residents association. These masts are ubiquitous


Blame the WhatsApp cancer forwards your Aunties & Uncles are sharing
obiero
#207 Posted : Wednesday, May 09, 2018 10:21:04 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
kawi254 wrote:
obiero wrote:
Caveman wrote:
I would say:
- When boosters are located far away, the mobile phone uses more power/radiation to communicate with it.
- When the boosters are near, the mobile phone just need to 'whisper' to communicate hence less power is used.
- There is KCA radar just nearby which transmits far much power than the boosters combined. Why not complain about this?
- Why do you permanently use microwaves and Bluetooth devices and then complain about a mere booster?

Very weird residents association. These masts are ubiquitous


Blame the WhatsApp cancer forwards your Aunties & Uncles are sharing

IKR

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
hardwood
#208 Posted : Wednesday, May 09, 2018 11:39:30 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Caveman wrote:
I would say:
- When boosters are located far away, the mobile phone uses more power/radiation to communicate with it.
- When the boosters are near, the mobile phone just need to 'whisper' to communicate hence less power is used.
- There is KCA radar just nearby which transmits far much power than the boosters combined. Why not complain about this?
- Why do you permanently use microwaves and Bluetooth devices and then complain about a mere booster?


Who knows, a petition might be on the way for the airport to be moved away from their houses due to the radar. @obiero should confirm.
obiero
#209 Posted : Monday, September 17, 2018 8:05:09 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
@admin The new thread can be merged with this one

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#210 Posted : Monday, September 17, 2018 8:42:01 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
MugundaMan wrote:





-Second largest estate in Africa hosting over 40,000 residents

-Shockingly; a Nyayo project run by NSSF and it actually worked and still works!

- Clean, beautiful and superbly run (compare with BuruBuru Laughing out loudly )

- Kwelicompetent and efficient management makes all the difference. Rules, bylaws and regulations STRICTLY regulated. Kudos to the managers

- No single pothole, no garbage piles

- Biggest reinforced concrete water reservoir in the country storing 6 million litres.

- Each homeowner must have a car sticker to access the estate

- A whopping 288 security officers ensuring complete peace for residents. Can leave your door unlocked by mistake and come back and find everything intact. All packages inspected per court and owner has to agree in writing for anything to be ferried out of their apartment!

- Super clean. Accoutable management

- Has won two awards: cleanest estate in Africa

- Only kshs 2500 service charge! Covers all services

- Houses are in high demand as mortgages were available for 15 years at decent rates


The only negative

- water issues - common all over Nairobi. Yet even this has been solved with an internal rationing system! Entirely run by funding from residents, causing them to rarely miss water! And they have dug 6 boreholes..one per phase!


Kenyans, we can do this! Let this be the gold standard for all other mega housing projects covered by the big 4 otherwise we will litter the country with hundreds of BurBurus! Existing estates can still be restored to glory by getting the right management following the principles above.

Dustbowl developers, let's apply this to our projects as well. Tusiachwe nyuma jameni. Let us apply the same principles from day one in all the estates from day one in order to leave a good housing legacy for our great great grandkids and make our dustbowl new cities model cities for Kenyasmile .

Ni hayo maoni yangu tu!


**Well done to the young journalist for this interesting series**


HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#211 Posted : Monday, September 17, 2018 8:50:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
obiero wrote:
Jamani wrote:
obiero wrote:
webish wrote:
Gordon Gekko wrote:
webish wrote:
kasibitta wrote:

One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad.


Exactly.. Sad Sad

But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m.......


Indeed.


Nyayo Estate Resident Association is on the right track
.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m


https://www.facebook.com...mmunity/744138352291186

Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!!

Selling price average still very low at KES 8m

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Angelica _ann
#212 Posted : Monday, September 17, 2018 10:42:07 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
obiero wrote:
obiero wrote:
Jamani wrote:
obiero wrote:
webish wrote:
Gordon Gekko wrote:
webish wrote:
kasibitta wrote:

One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad.


Exactly.. Sad Sad

But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m.......


Indeed.


Nyayo Estate Resident Association is on the right track
.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m


https://www.facebook.com...mmunity/744138352291186

Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!!

Selling price average still very low at KES 8m


For the older phases is around +8m, what about the new phases have they reached 10m?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#213 Posted : Monday, September 17, 2018 10:52:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Angelica _ann wrote:
obiero wrote:
obiero wrote:
Jamani wrote:
obiero wrote:
webish wrote:
Gordon Gekko wrote:
webish wrote:
kasibitta wrote:

One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad.


Exactly.. Sad Sad

But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m.......


Indeed.


Nyayo Estate Resident Association is on the right track
.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m


https://www.facebook.com...mmunity/744138352291186

Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!!

Selling price average still very low at KES 8m


For the older phases is around +8m, what about the new phases have they reached 10m?

KES 8m for the new phases. Old phase KES 7.5m minimum

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
hardwood
#214 Posted : Monday, September 17, 2018 11:54:46 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
obiero wrote:
Angelica _ann wrote:
obiero wrote:
obiero wrote:
Jamani wrote:
obiero wrote:
webish wrote:
Gordon Gekko wrote:
webish wrote:
kasibitta wrote:

One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad.


Exactly.. Sad Sad

But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m.......


Indeed.


Nyayo Estate Resident Association is on the right track
.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m


https://www.facebook.com...mmunity/744138352291186

Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!!

Selling price average still very low at KES 8m


For the older phases is around +8m, what about the new phases have they reached 10m?

KES 8m for the new phases. Old phase KES 7.5m minimum



The appreciation rate is quite low. I know someone who bought at 5.5m in 2010. Meaning value has gone up by only 2m in 8yrs.
obiero
#215 Posted : Tuesday, September 18, 2018 9:47:50 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
hardwood wrote:
obiero wrote:
Angelica _ann wrote:
obiero wrote:
obiero wrote:
Jamani wrote:
obiero wrote:
webish wrote:
Gordon Gekko wrote:
webish wrote:
kasibitta wrote:

One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad.


Exactly.. Sad Sad

But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m.......


Indeed.


Nyayo Estate Resident Association is on the right track
.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m


https://www.facebook.com...mmunity/744138352291186

Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!!

Selling price average still very low at KES 8m


For the older phases is around +8m, what about the new phases have they reached 10m?

KES 8m for the new phases. Old phase KES 7.5m minimum



The appreciation rate is quite low. I know someone who bought at 5.5m in 2010. Meaning value has gone up by only 2m in 8yrs.

Plus average rental income of KES 3,072,000 for the 8 year period in review.. Decent return, not excellent, but definitely decent

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
wukan
#216 Posted : Tuesday, September 18, 2018 3:17:56 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
obiero wrote:
obiero wrote:
Jamani wrote:
obiero wrote:
webish wrote:
Gordon Gekko wrote:
webish wrote:
kasibitta wrote:

One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad.


Exactly.. Sad Sad

But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m.......


Indeed.


Nyayo Estate Resident Association is on the right track
.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m


https://www.facebook.com...mmunity/744138352291186

Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!!

Selling price average still very low at KES 8m


The yield is low assuming monthly rent of 35K on 8M that's 5.25%. For 10m I will need to charge 50K rent. 10m is two apartments huko Eastleigh and I get 70k rent...maoni tu!!
nyakosh
#217 Posted : Tuesday, September 18, 2018 3:47:46 PM
Rank: New-farer


Joined: 8/14/2013
Posts: 20
Location: Copenhagen
I think not every purchase should be classified as investment, some do not pay back as such but they they offer the convenience like accommodation while the owner is investing in other locations or sectors that can pay back.
Problems can be very complicated, solutions cannot be.
wukan
#218 Posted : Tuesday, September 18, 2018 4:10:43 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
nyakosh wrote:
I think not every purchase should be classified as investment, some do not pay back as such but they they offer the convenience like accommodation while the owner is investing in other locations or sectors that can pay back.


That convenience is expressed in market as rent. The market is only willing to pay 35k for that convenience so a good price for the units is 7.5M
MugundaMan
#219 Posted : Tuesday, September 18, 2018 4:19:07 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,211
Location: DC (Dustbowl County)
obiero wrote:
MugundaMan wrote:





-Second largest estate in Africa hosting over 40,000 residents

-Shockingly; a Nyayo project run by NSSF and it actually worked and still works!

- Clean, beautiful and superbly run (compare with BuruBuru Laughing out loudly )

- Kwelicompetent and efficient management makes all the difference. Rules, bylaws and regulations STRICTLY regulated. Kudos to the managers

- No single pothole, no garbage piles

- Biggest reinforced concrete water reservoir in the country storing 6 million litres.

- Each homeowner must have a car sticker to access the estate

- A whopping 288 security officers ensuring complete peace for residents. Can leave your door unlocked by mistake and come back and find everything intact. All packages inspected per court and owner has to agree in writing for anything to be ferried out of their apartment!

- Super clean. Accoutable management

- Has won two awards: cleanest estate in Africa

- Only kshs 2500 service charge! Covers all services

- Houses are in high demand as mortgages were available for 15 years at decent rates


The only negative

- water issues - common all over Nairobi. Yet even this has been solved with an internal rationing system! Entirely run by funding from residents, causing them to rarely miss water! And they have dug 6 boreholes..one per phase!


Kenyans, we can do this! Let this be the gold standard for all other mega housing projects covered by the big 4 otherwise we will litter the country with hundreds of BurBurus! Existing estates can still be restored to glory by getting the right management following the principles above.

Dustbowl developers, let's apply this to our projects as well. Tusiachwe nyuma jameni. Let us apply the same principles from day one in all the estates from day one in order to leave a good housing legacy for our great great grandkids and make our dustbowl new cities model cities for Kenyasmile .

Ni hayo maoni yangu tu!


**Well done to the young journalist for this interesting series**



Obiero,
Plagiarism will finish you oo.
At least acknowledge source thread and provide link to original thread before pinching my entire post wholesale, jameni smile
Double M

obiero
#220 Posted : Wednesday, September 19, 2018 12:31:14 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
wukan wrote:
obiero wrote:
obiero wrote:
Jamani wrote:
obiero wrote:
webish wrote:
Gordon Gekko wrote:
webish wrote:
kasibitta wrote:

One bedroom for 5.5 in nyayo estate??? either its sheer madness or business daily have their own figures..if it is true by any chance, am sad.


Exactly.. Sad Sad

But it's sweet news to the current owners of the three bedroomed (akina @obiero) who get a valuation of at least ksh 10m.......


Indeed.


Nyayo Estate Resident Association is on the right track
.. In other news, the three bedroom apartment should be worth atleast 12million, open market rate; but people are selling for as little as 7.2m


https://www.facebook.com...mmunity/744138352291186

Hizi nyumba zitafika above 10millions siku gani :( Naona 360 court huko syoks zimefika 6.6millions!!!

Selling price average still very low at KES 8m


The yield is low assuming monthly rent of 35K on 8M that's 5.25%. For 10m I will need to charge 50K rent. 10m is two apartments huko Eastleigh and I get 70k rent...maoni tu!!

Wait.. Rent for a three bedroom apartment in Eastleigh is KES 70,000 per month?

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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