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Runda Land - Undervalued?
kenyatunaweza
#1 Posted : Friday, April 26, 2024 6:24:00 PM
Rank: Hello


Joined: 12/6/2010
Posts: 3
Location: nairobi
Dear Wazuans

Has anyone experience of buying/selling in Runda recently? Or of developing ?

Seems the market overall is slow but picking up tentatively.

Am marketing a property 1.6acres at 130m but it didn't receive interest until reduced to 110m even though it's the oldest land in Runda, belonging to the original coffee farm owner.

more info is at

https://vimeo.com/939608782?share=copy.

Perhaps it's best to go into partnership with a developer rather than sell at an even lower price. Thoughts?





wukan
#2 Posted : Sunday, April 28, 2024 4:51:02 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
If I had a million dollars, I would rather go to South Africa for real estate. Better quality, better services. People in that price range will opt for even Dubai.

Kiambu road and all the infrastructure planned for that area eventually opening up the area, Runda won't fetch that high.
amorphous
#3 Posted : Thursday, May 02, 2024 7:52:47 AM
Rank: Member


Joined: 5/15/2019
Posts: 677
Location: planet earth
kenyatunaweza wrote:
Dear Wazuans

Has anyone experience of buying/selling in Runda recently? Or of developing ?

Seems the market overall is slow but picking up tentatively.

Am marketing a property 1.6acres at 130m but it didn't receive interest until reduced to 110m even though it's the oldest land in Runda, belonging to the original coffee farm owner.

more info is at

https://vimeo.com/939608782?share=copy.

Perhaps it's best to go into partnership with a developer rather than sell at an even lower price. Thoughts?



At 130 metre I would never invest in Runda and let me tell you why.
1. Runda is controlled. You can't build apartments on that land
2. Way more bang for my shilling doing something like buying a half an acre in Kili for the same amount and building hundreds of chinese apartments that will triple or even quadruple my monies once built
3. Way more bang for my shilling if I bought 200 acres in dustbowl for the same amount and built my small kingdom hapo with all the bells and whistles, perhaps even better and bigger built than Runda.

Your best bet is to divide that 1.6 into three halfs and build a huggggge maisonette (three stories with rooftop pool) on each and sell for double or triple

Take et or leave et!

Age and family mellows us all over time
kenyatunaweza
#4 Posted : Thursday, May 23, 2024 12:00:36 PM
Rank: Hello


Joined: 12/6/2010
Posts: 3
Location: nairobi
Thanks for the feedback.
All good points.
I'd guess it's now only a destination for a leafy residential property or three, the controlled nature of Runda Association at least gives that tranquility and security. Swings and roundabouts :)

[/quote]

At 130 metre I would never invest in Runda and let me tell you why.
1. Runda is controlled. You can't build apartments on that land
2. Way more bang for my shilling doing something like buying a half an acre in Kili for the same amount and building hundreds of chinese apartments that will triple or even quadruple my monies once built
3. Way more bang for my shilling if I bought 200 acres in dustbowl for the same amount and built my small kingdom hapo with all the bells and whistles, perhaps even better and bigger built than Runda.

Your best bet is to divide that 1.6 into three halfs and build a huggggge maisonette (three stories with rooftop pool) on each and sell for double or triple

Take et or leave et!

[/quote]
mkenyan
#5 Posted : Friday, May 24, 2024 8:59:11 AM
Rank: Veteran


Joined: 4/1/2009
Posts: 1,883
kenyatunaweza wrote:
Thanks for the feedback.
All good points.
I'd guess it's now only a destination for a leafy residential property or three, the controlled nature of Runda Association at least gives that tranquility and security. Swings and roundabouts :)



At 130 metre I would never invest in Runda and let me tell you why.
1. Runda is controlled. You can't build apartments on that land
2. Way more bang for my shilling doing something like buying a half an acre in Kili for the same amount and building hundreds of chinese apartments that will triple or even quadruple my monies once built
3. Way more bang for my shilling if I bought 200 acres in dustbowl for the same amount and built my small kingdom hapo with all the bells and whistles, perhaps even better and bigger built than Runda.

Your best bet is to divide that 1.6 into three halfs and build a huggggge maisonette (three stories with rooftop pool) on each and sell for double or triple

Take et or leave et!

[/quote]
[/quote]
and for those who don't mind being flooded now and then and have a boat.
DBK019
#6 Posted : Saturday, May 25, 2024 10:42:50 AM
Rank: Hello


Joined: 11/19/2016
Posts: 5
The question you should be asking yourself is who has 1 million dollars loose cash to throw at a property in Runda. 1% percenter found in Golf Clubs not online listings like Buy rent kenya and Facebook ads and they probably corrupt wheeler dealers who deosnt want public scrutiny
RUTO KUMI STRAIGHT
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