[quote=sqft][quote=amorphous]Investing in Jewel in the Crown DC is
a no-brainer, really.
https://www.kenyans.co.ke/news/53766-inside-ksh8m-boeing-plane-turned-night-club-video
https://www.youtube.com/watch?v=yPGV_IsVQYk
Youthful population.
Young entrepreneurs in their 30s and 40s dem run tings in Jewel in the Crown. Walk into any business premises and I guarantee you with 99% certainty the faces of the business owners will be very youthful. Very rare to find any
kamuzee over 45 at any of them. Some are comically young... 20-23.
Greenfield projects never seen in Kenya seem to only happen in Jewel in the Crown. The bigger and crazier the idea the better.
Land aplenty, affordable and RIPE for the next big idea.
The
FACE OF KENYA lives in Kitengela in no other way even compared to cosmopolitan towns such as Rongai, Ngong and Kiserian. Hata kama you are a Dorobo from Mau Summit, you will feel VERY AT HOME hapa instead of having to
watch your back in other satellite zones!
Different vibe and feel out there. Easy yet fast paced, Urban yet countryside feel.
Come one come all or get locked out forever!
[/quote]
Young blood, fresh ideas. Even their houses speak for themselves. Some of the houses look like they are straight outa California.
https://www.property24.co.ke/4-bedroom-townhouse-for-sale-in-kitengela-108648366
[/quote]
Lovely homes. I like the subway tiles in the kitchen of this one.
I think the reason why peeps are able to experiment with big ideas in Jewel in the Crown is because many follow this path:
1.
Need to own a decent yet affordable home that maintains their standard of living. Clearly that is not happening in ksh 400m an acre Lavington/Kile/Westie/Gigiri etc. Living in a cramped apartment hapo simply isn't cutting it. Nor is buying a 17m apartment that is under 100sqm.
2.
Land purchase to build a home to one's own standard. This takes creativity and planning in itself. Land is super affordable in DC. 80%= of DC is
ex Nairobi, maybe
5-10% is ex-diaspora so when one visits they are like
"haiya! kumbe guys and gals are living large out here." I remember the first time I pigad raos in DC (around 2010). I was BLOWN AWAY by what I saw. Most people have this image of a dusty place with scary looking buildings.I had the same impression too at first. When I visited the 'burbs I was shocked at how people are living. 300+sqm homes with all sorts of crazy amenities that would have cost tens of millions more had they been built in Lavington or Runda. At the building stage you realise you can go larger and crazier for cheaper, the only limit is your pocket and imagination.
3.
Building completion Taxing stage and baptism by fire. Once you emerge from this stage, the world is one's oyster. Resources have been consumed big time, but you are better for it in terms of both experience and economic stability.
4.
Rent-free happy days At this stage after you have moved in, the rent savings you used to spend at that leafy burb in Nairobi starts to pile up fast! No time for honeymoons, you have to find a use for it, alongside other savings and sources of income. You buy more plots, you build another house or two for sale or rentals and it all goes haywire from there.
5.
Dream chasing Suddenly you realise, hey, with all these ex-Nairobi middle class people here, there is no decent kinyozi/gym/spa/club/hotel with pool/cybercafe/pastry company/juice bar/laundry/auto shop/outdorr exercise park/wedding venue/videography company/equipment supplier/marble installer/fountain builder/"insert your own weird business idea here"..the list is literally endless. The land is plenty, totally greenfield, and so you start to chase your dream
6.
Explosion At this stage if you have planned and budgeted well and persisted, you will most likely be sitting pretty on some thick cashflows which will need further deployment. Hence the pursuit of even crazier dreams like importing used airplanes from KQ and turning them into clubs on idle plots you own.
NIMESEMA!
6 years on..the second and only other Wazua Billionaire!! Mungu ni nguvu yetuππΎπ°πͺπ₯π₯!