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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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kawi254 wrote:Ryko wrote:Close to 3K houses in Ngara, unlike Kenyan contractors the project will be executed, infact very fast. Why do I think this project will impact things like rent within Ngara/pangani... I even think it may also impact house/apartment sellers withing Pangani/Ngara for some years by bringing costs down
The London Grenfell tower fire tragedy comes to mind.
Nairobi Fire department should first upgrade fire fighting equipment and skills before approval for this project.
Hehe. Wakenya see problems in every solution. Sasa huyu ameona moto.
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Rank: Member Joined: 1/1/2011 Posts: 396
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hardwood wrote:kawi254 wrote:Ryko wrote:Close to 3K houses in Ngara, unlike Kenyan contractors the project will be executed, infact very fast. Why do I think this project will impact things like rent within Ngara/pangani... I even think it may also impact house/apartment sellers withing Pangani/Ngara for some years by bringing costs down
The London Grenfell tower fire tragedy comes to mind.
Nairobi Fire department should first upgrade fire fighting equipment and skills before approval for this project.
Hehe. Wakenya see problems in every solution. Sasa huyu ameona moto.
😂😂true. That was such a specific issue. Narrowed down to the external cladding used for "re-deressing" an older, retroffitted construction.If the point is that firefighting capability needs improvement then that is well taken. But refusing to approve a project because you do not believe that you can stop a fire (accidental or otherwise) is a non-starter.
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Rank: Member Joined: 2/20/2007 Posts: 767
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I think its a great development. It will change the face of Ngara. Expect rent upwards of 40k for 2bedroom and 25k for 1 bedroom. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: New-farer Joined: 12/13/2018 Posts: 29
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Can you imagine with our unreliable power (envision the elevators being out of service and dark hallways) and not to mention the unreliability of our water supply, that would definitely become a high rise slum. Who will the management be? What about the cleanliness of the public areas and garbage disposal for that huge and dense population? How professional and timely will they be at resolving tenant issues?
hardwood wrote:winmak wrote:Sounds like a high rise slum in the offing
What makes them a high rise slum? Hong Kong has even taller highrise apartment blocks. China man is only bringing similar building technology to kenya.
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Rank: Member Joined: 2/20/2007 Posts: 767
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Thornbird wrote:Can you imagine with our unreliable power (envision the elevators being out of service and dark hallways) and not to mention the unreliability of our water supply, that would definitely become a high rise slum. Who will the management be? What about the cleanliness of the public areas and garbage disposal for that huge and dense population? How professional and timely will they be at resolving tenant issues?
How many multistoried buildings in Nairobi have you come across that have the above issues. I mean buildings with 10floors and no working lifts. People will be paying service charge and elevator companies want to make money. I dont see lifts going out of service.
Naysayers mko kila mahali. Mtalilia choo....
I remember when Waterfront Gardens was being sold for 8m. I went, I saw and consoled myself that the developers were crazy to build in Kangemi and sell at 8m. Sasa, leo hii, hizo nyumba ni classic sana, going for 30m and value set to double once road construction is done.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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Those prices my friend are not pocket friendly for such a development. They will be very hard to sell. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 2/20/2007 Posts: 767
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Anyone with experience living in the Ngara civil servants estate, weka maoni hapa. I think thats a very high density development in the same area. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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If, as someone told me, old, low quality bedsitters are 15k in Ngara, I would expect a 1 bedroom unit to be 25-30k
These units are going for 6M. Assuming rents of 30k, that's a 17 year PBP(holding rents constant)
But residential rents are rising fast.... looks worth it to me
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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What of supply vs demand dynamics?
Lolest! wrote:If, as someone told me, old, low quality bedsitters are 15k in Ngara, I would expect a 1 bedroom unit to be 25-30k
These units are going for 6M. Assuming rents of 30k, that's a 17 year PBP(holding rents constant)
But residential rents are rising fast.... looks worth it to me
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Chaka wrote:What of supply vs demand dynamics?
Lolest! wrote:If, as someone told me, old, low quality bedsitters are 15k in Ngara, I would expect a 1 bedroom unit to be 25-30k
These units are going for 6M. Assuming rents of 30k, that's a 17 year PBP(holding rents constant)
But residential rents are rising fast.... looks worth it to me
The target market for Ngara is mostly single working class or newly weds thus it is my considered view that demand in Donholm, South B, South C, Langata, Kinoo, thika road for 1 and 2 bed units will suffer once Ngara project is complete.
A rational human being working in town, Westie etc would rather pay 35K in Ngara than pay similar amount for a two bedroom in Langata, Buru,South B and C etc
If Obiero did it, Who Am I?
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