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Why dustbowl is the future
Angelica _ann
#51 Posted : Friday, March 22, 2019 10:32:39 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,936
MugundaMan wrote:
DC residents arise! The Mnaijos are putting us to shame jameni. Let us shape up and do better with the quality of our houses and landscaping to catch up. If all of us play our part and build quality houses, apartments and commercial buildings like these, No other county will be able to compete with DC. Not even Nairobi core.


Look at the area of land occupied by those houses. With the mentality of 50*80/40*60/50*100 in Kenya including DC you will NEVER achieve that. Note the homes are not same/similar in design but well structured with high standards. Kenyans like cutting costs/corners Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
itz
#52 Posted : Friday, March 22, 2019 5:29:36 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
MugundaMan wrote:
DC residents arise! The Mnaijos are putting us to shame jameni. Let us shape up and do better with the quality of our houses and landscaping to catch up. If all of us play our part and build quality houses, apartments and commercial buildings like these, No other county will be able to compete with DC. Not even Nairobi core.



is the market willing to pay for this in DC?This is a high end neighborhood type of development even in the western world.For the apartments i have seen something similar proposed/coming up in Syokimau.
MugundaMan
#53 Posted : Friday, March 22, 2019 6:23:57 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
itz wrote:
MugundaMan wrote:
DC residents arise! The Mnaijos are putting us to shame jameni. Let us shape up and do better with the quality of our houses and landscaping to catch up. If all of us play our part and build quality houses, apartments and commercial buildings like these, No other county will be able to compete with DC. Not even Nairobi core.



is the market willing to pay for this in DC?This is a high end neighborhood type of development even in the western world.For the apartments i have seen something similar proposed/coming up in Syokimau.



Of course it is papa. Who says DC does not have high end neighbourhoods or high end neighbourhood potential? Of course for the AngelicaAnns of the world everything is impossible beyond village tenders and enjoying airtight mediocrity for the next 100 years smile
itz
#54 Posted : Friday, March 22, 2019 7:26:42 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
I have seen some good developments in Kitengela and some parts of ngong am not sure about the uptake they seem to stay for long in the market.Rongai/kiserian days on market is also long.What are you seeing on the ground @MugundaMan are there particular areas that properties sell faster
guru me
#55 Posted : Friday, March 22, 2019 9:21:57 PM
Rank: New-farer

Joined: 6/27/2011
Posts: 63
Agree with the view that Kajiado will def expand if for nothing else, as a result of the natural growth of Nairobi.

The growth does need to be managed and not just allowed to happen organically as it has if DC is to live up to its full potential.

Some things that need to be addressed in my opinion are:

1. Water - there is a perennial crisis over dry taps for most residents. This despite the fact that Athi river is delivering millions of gallons of water to the Indian Ocean - and sometimes flooding peoples residences in the process - each year.

2. Industries: Despite a proliferation of Universities in DC owing to cheap (er) land, there are very few industries of note that have set up shop in DC as far as I can remember. Well there is EPZ and Kenchick etc - but these were pre existing and not very large. Other than the cement companies in Athir River cant think of any large scale industrial complexes that are being set up in the region. It may very well be a symptom of the incompetence of national government in attracting new industries to the country that spill over to the counties. But truth is for the DC to grow, as with all other counties, it needs to attract and incentivise industries to create employment within the county.

3. Infrastructure especially roads: DC has been the rational choice for Kenyans looking to move into home ownership owing to affordability of land and subsequently cheaper costs of home ownership. Sadly for those who end up buying or building homes in DC the realities of the daily commute push them back to Nairobery. Hopefully the train terminals resolve this issue but still feel there is no substitution for an efficient road network. Rail is very rigid in its routing and for that reason I remain unconvinced it alone will solve the issue. Unless we develop a comprehensive rail system similar to NY subway or London underground, a railway with a single destination though an improvement will not fully resolve the issue. Kitengela town as an example already needs a road expansion. Traffic there can be a biatch.


4. Speculators - I being one of them, need to be heavily punished for any parcels that they hold not put to productive use. Speculation pushes land prices up and in some areas leads to the inability to create sufficiently dense communities to allow for proliferation of support and essential services. There just is no critical mass for even the county government to justify spending money to bring roads, water, elec to some places because firstly - some people are holding land, unwilling to develop or sell at current prices, and secondly those willing to develop the land cannot afford the land prices and are forced to buy further inland where they can afford it. Only thing is this may be too far for them - far outweighing the joys of home ownership. Sort of a self reinforcing loop.

5. Master planning - essential to avoid creating a massive shanty town.
MugundaMan
#56 Posted : Friday, March 22, 2019 10:02:58 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
itz wrote:
I have seen some good developments in Kitengela and some parts of ngong am not sure about the uptake they seem to stay for long in the market.Rongai/kiserian days on market is also long.What are you seeing on the ground @MugundaMan are there particular areas that properties sell faster


@itz, I would answer by saying the real estate industry anywhere is vast and multidimensional. You seem to be looking at it from a build-to-sell-fast perspective which is just one dimension. As you know real estate is a long term and relatively illiquid investment so many (including myself) prefer to develop and hold for the long term. Rents for example are a nice aspect of this strategy but not the main focus. Regardless, the economics of the industry do not lie, papa. Units are still being bought daily with no end in sight because the housing deficit is an economic reality that simply cannot be wished away. I have said it hapa many times before ; nobody has ever repealed the law of supply and demand. Until by some miracle the deficit is eliminated, units will continue to sell and this is why the sector is creating more dollar millionaires than any other sector, tech and manufacturing excepted. The days on market may be long but the units always eventually sell. I have never met a real estate developer who says I built 10 years ago and still have not sold.
obiero
#57 Posted : Friday, March 22, 2019 10:13:52 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,261
Location: nairobi
itz wrote:
I have seen some good developments in Kitengela and some parts of ngong am not sure about the uptake they seem to stay for long in the market.Rongai/kiserian days on market is also long.What are you seeing on the ground @MugundaMan are there particular areas that properties sell faster

The service lanes tarmac in Kitengela are a positive. Movement of the matatu terminal further up, also assists in traffic flow somewhat. Now the main trunk road to Kitengela International Academy needs to be done and prices will be solid
COOP, IMH, KQ, MTNU
itz
#58 Posted : Friday, March 22, 2019 10:21:08 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
MugundaMan wrote:
itz wrote:
I have seen some good developments in Kitengela and some parts of ngong am not sure about the uptake they seem to stay for long in the market.Rongai/kiserian days on market is also long.What are you seeing on the ground @MugundaMan are there particular areas that properties sell faster


@itz, I would answer by saying the real estate industry anywhere is vast and multidimensional. You seem to be looking at it from a build-to-sell-fast perspective which is just one dimension. As you know real estate is a long term and relatively illiquid investment so many (including myself) prefer to develop and hold for the long term. Rents for example are a nice aspect of this strategy but not the main focus. Regardless, the economics of the industry do not lie, papa. Units are still being bought daily with no end in sight because the housing deficit is an economic reality that simply cannot be wished away. I have said it hapa many times before ; nobody has ever repealed the law of supply and demand. Until by some miracle the deficit is eliminated, units will continue to sell and this is why the sector is creating more dollar millionaires than any other sector, tech and manufacturing excepted. The days on market may be long but the units always eventually sell. I have never met a real estate developer who says I built 10 years ago and still have not sold.




I understand all that and i know RE is a long term game.Been holding and selling there for a long time so am in no way talking about a quick buck.I enjoy your enthusiasm about DB so i just wanted to get your view and compare it with what i see.If you have a build and sell model and your houses don't sell within a certain time frame then you are staring at massive loses especially if the building is financed through banks.
itz
#59 Posted : Friday, March 22, 2019 10:24:45 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
obiero wrote:
itz wrote:
I have seen some good developments in Kitengela and some parts of ngong am not sure about the uptake they seem to stay for long in the market.Rongai/kiserian days on market is also long.What are you seeing on the ground @MugundaMan are there particular areas that properties sell faster

The service lanes tarmac in Kitengela are a positive. Movement of the matatu terminal further up, also assists in traffic flow somewhat. Now the main trunk road to Kitengela International Academy needs to be done and prices will be solid


Definitely a positive for the area.I just saw plans for a megacity in Athi River

https://www.businessdail...6836-vnae2mz/index.html

itz
#60 Posted : Friday, March 22, 2019 10:27:26 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
obiero wrote:
itz wrote:
I have seen some good developments in Kitengela and some parts of ngong am not sure about the uptake they seem to stay for long in the market.Rongai/kiserian days on market is also long.What are you seeing on the ground @MugundaMan are there particular areas that properties sell faster

The service lanes tarmac in Kitengela are a positive. Movement of the matatu terminal further up, also assists in traffic flow somewhat. Now the main trunk road to Kitengela International Academy needs to be done and prices will be solid


Definitely a positive for the area.I just saw plans for a megacity in Athi River

https://www.businessdail...6836-vnae2mz/index.html

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