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1m invested near Nairobi 10yrs ago now worth 8.5m
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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https://www.capitalfm.co...m3i5c6wBBtR8jKoto7JbAFac
Quote:Nairobi satellite towns have experienced exponential growth driven by housing demand/File
By KENNEDY KANGETHE, NAIROBI, Kenya, Jan 24 – If you bought land around Nairobi for Sh1m in 2007, the value has now grown eight times.
This is according to the HassConsult Land Price Index Quarter Four 2018 report that lists 14 satellite towns that have multiplied in land value over the last decade.
The Nairobi Satellite towns include Athi River, Juja, Mlolongo, Limuru, Kitengela, Ngong, Ongata Rongai, Ruaka, Ruiru, Syokimau, Thika, Tigoni, Kiserian and Kiambu.
According to the report, if you invested the same Sh1 million in land in Nairobi Suburbs you would be worth Sh6.3 million, with the suburbs being Kilimani, Kitusuru, Upperhill, Westlands, Runda, Spring Valley, Nyari, Muthaiga, Kileleshwa, Karen, Gigiri, Eastleigh, Donholm, Loresho, Ridgeways, Parklands and Langata.
The same amount invested in property such us rentals, value has gone up to Sh2.47 million, while bonds and savings would have given you a return of Sh2.54 million and Sh1.31 million respectively but lost Sh480,000 if you invested in equities  .
HassConsult Head of Development Sakina Hassanali says land in Nairobi has appreciated by 700 percent in the last ten years outperforming global asset classes that include both Gold and Oil.
“Globally commodities are falling while and prices in Kenya continue to rise on average of 70 percent per year, compared to 50 to 20 percent in 10 year for other commodities. Going forward, Land will continue to outperform commodities as the government continue to invest in infrastructure throughout the country,” she said.
Gold prices went up by 155 percent in the last decade, live cattle by 127 percent while crude oil was the worst performing in the period increasing by 56.6 percent in value.
“ Overall the market for land is becoming more sophisticated. Where change is underway, the returns remain outstanding for any asset class, but in areas that are now more fully developed, often a high density, prices are now more static,” said Hasannali.
This is a no-brainer we have all been harping about since we joined this forum.
And of course Dustbowl County is GROUND ZERO of this metro-Nairobi property price appreciation  .
And if you think this red hot price appreciation so far is a big deal you have not seen ANYTHING yet. Those who invest in DC near metro-Nairobi are the ones who will reap the biggest from Kenya's future red hot economic growth. Especially after big 4 housing officially kicks off and SGR to Naivasha is complete!
Weelll, so much for the mugunda doomsayers and "equities investors making a killing on Mumias"
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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Kila nyani na starehe zake  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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Angelica _ann wrote:Kila nyani na starehe zake
My mbradhees S Mutaga IV CFA CPS mbrrrr chwaaff ESQ, Stock picker par excellence Ngwaaah and Mr Ebenyo a.k.a Mr "Stock Market is the highest returns sector on earth" are both incredibly quiet on this thread, jameni.
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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MugundaMan wrote:Angelica _ann wrote:Kila nyani na starehe zake
My mbradhees S Mutaga IV CFA CPS mbrrrr chwaaff ESQ, Stock picker par excellence Ngwaaah and Mr Ebenyo a.k.a Mr "Stock Market is the highest returns sector on earth" are both incredibly quiet on this thread, jameni.
You start a thread at 2:40 pm and expect people to be all over it in two hours??? Some might not even see it till Monday because they probably have that funny thing called..... life!!!
Give it time. They will eventually see the thread. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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MaichBlack wrote:MugundaMan wrote:Angelica _ann wrote:Kila nyani na starehe zake
My mbradhees S Mutaga IV CFA CPS mbrrrr chwaaff ESQ, Stock picker par excellence Ngwaaah and Mr Ebenyo a.k.a Mr "Stock Market is the highest returns sector on earth" are both incredibly quiet on this thread, jameni.
You start a thread at 2:40 pm and expect people to be all over it in two hours??? Some might not even see it till Monday because they probably have that funny thing called..... life!!!
Give it time. They will eventually see the thread.
We have a life too mbradzee
What do you think yapping on Wazoo fuaaaaaaaaa is?
Not everybody is a member of payslip drudgery nation my mbuddie.
Twengine twitu need to kill time while the $$ rolls in pole pole in dribs and drabs. See my Airtel 99 bob 1 GB thread for more.
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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MugundaMan wrote:MaichBlack wrote:MugundaMan wrote:Angelica _ann wrote:Kila nyani na starehe zake
My mbradhees S Mutaga IV CFA CPS mbrrrr chwaaff ESQ, Stock picker par excellence Ngwaaah and Mr Ebenyo a.k.a Mr "Stock Market is the highest returns sector on earth" are both incredibly quiet on this thread, jameni.
You start a thread at 2:40 pm and expect people to be all over it in two hours??? Some might not even see it till Monday because they probably have that funny thing called..... life!!!
Give it time. They will eventually see the thread.
We have a life too mbradzee
What do you think yapping on Wazoo fuaaaaaaaaa is?
Not everybody is a member of payslip drudgery nation my mbuddie.
Twengine twitu need to kill time while the $$ rolls in pole pole in dribs and drabs. See my Airtel 99 bob 1 GB thread for more.
Of course but that doesn't mean they are free/idle at the same time. You need to relax.You can't start telling people they are "too quiet on this thread" two hours after it is started. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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MaichBlack wrote:
Of course but that doesn't mean they are free/idle at the same time. You need to relax.You can't start telling people they are "too quiet on this thread" two hours after it is started.
Cytonn report writing Wukan pia with his Ngara slum bedsitter addiction is also incredibly quiet as well
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Rank: Member Joined: 3/26/2012 Posts: 830
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1 million invested in Safaricom on 23rd January 2009 is worth about 9.3 million today.
Initial buying price = Ksh 3.10 per share.
Current price = Ksh 24 per share.
The investor would have afforded about 320,000 shares. Dividends earned since then at 5% withholding tax are as follows.
2009 = @0.1 per share Ksh 30,400
2010 = @0.2 per share Ksh 60,800
2011 = @0.2 per share Ksh 60,800
2012 = @0.22 per share Ksh 66,880
2013 = @0.31 per share Ksh 94, 240
2014 = @0.47 per share Ksh 142,880
2015 = @0.64 per share ksh 194, 560
2016 (special dividend) = @0.68 per share Ksh 206, 720
2016 (final dividend) = @0.76 per share Ksh 231,040
2017 = @0.97 per share Ksh 294,880
2018 = @1.10 per share Ksh 334,400
Total Dividend Income = Ksh 1,717,600
Ksh 1,717,600 + (Ksh 320,000*24)= Ksh 9,397,600
1 million invested exactly 10 years ago in Safaricom is now worth 9.3 million assuming that the investor did not re-invest the dividends to compound returns. If he/she had compounded the returns i.e dividends, the return would be higher.
Unlike the stories given by journalists, you can verify this return at the comfort of your home in near precise shilling figures.
@Mugundaman, both land and stocks are great investments if you know what you are doing. You should not write off other investment vehicles just because you don't understand them. Stick to land and make those returns. The end justifies the means.
Happy Hunting. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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S.Mutaga III wrote:1 million invested in Safaricom on 23rd January 2009 is worth about 9.3 million today.
Initial buying price = Ksh 3.10 per share.
Current price = Ksh 24 per share.
The investor would have afforded about 320,000 shares. Dividends earned since then at 5% withholding tax are as follows.
2009 = @0.1 per share Ksh 30,400
2010 = @0.2 per share Ksh 60,800
2011 = @0.2 per share Ksh 60,800
2012 = @0.22 per share Ksh 66,880
2013 = @0.31 per share Ksh 94, 240
2014 = @0.47 per share Ksh 142,880
2015 = @0.64 per share ksh 194, 560
2016 (special dividend) = @0.68 per share Ksh 206, 720
2016 (final dividend) = @0.76 per share Ksh 231,040
2017 = @0.97 per share Ksh 294,880
2018 = @1.10 per share Ksh 334,400
Total Dividend Income = Ksh 1,717,600
Ksh 1,717,600 + (Ksh 320,000*24)= Ksh 9,397,600
1 million invested exactly 10 years ago in Safaricom is now worth 9.3 million assuming that the investor did not re-invest the dividends to compound returns. If he/she had compounded the returns i.e dividends, the return would be higher.
Unlike the stories given by journalists, you can verify this return at the comfort of your home in near precise shilling figures.
Happy Hunting.
And 1 million invested in a squalid piece of land in Kakamega would have returned 171 BILLION to date so what's your point?
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Rank: Veteran Joined: 4/1/2009 Posts: 1,885
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MugundaMan wrote:https://www.capitalfm.co.ke/business/2019/01/sh1m-invested-in-land-around-nairobi-10-yrs-ago-is-now-worth-sh8-5m-hass-index/?fbclid=IwAR27VHz4fAYz3R8JjYNoi4Xom7RID1C57-pm3i5c6wBBtR8jKoto7JbAFac
Quote:Nairobi satellite towns have experienced exponential growth driven by housing demand/File
By KENNEDY KANGETHE, NAIROBI, Kenya, Jan 24 – If you bought land around Nairobi for Sh1m in 2007, the value has now grown eight times.
This is according to the HassConsult Land Price Index Quarter Four 2018 report that lists 14 satellite towns that have multiplied in land value over the last decade.
The Nairobi Satellite towns include Athi River, Juja, Mlolongo, Limuru, Kitengela, Ngong, Ongata Rongai, Ruaka, Ruiru, Syokimau, Thika, Tigoni, Kiserian and Kiambu.
According to the report, if you invested the same Sh1 million in land in Nairobi Suburbs you would be worth Sh6.3 million, with the suburbs being Kilimani, Kitusuru, Upperhill, Westlands, Runda, Spring Valley, Nyari, Muthaiga, Kileleshwa, Karen, Gigiri, Eastleigh, Donholm, Loresho, Ridgeways, Parklands and Langata.
The same amount invested in property such us rentals, value has gone up to Sh2.47 million, while bonds and savings would have given you a return of Sh2.54 million and Sh1.31 million respectively but lost Sh480,000 if you invested in equities .
HassConsult Head of Development Sakina Hassanali says land in Nairobi has appreciated by 700 percent in the last ten years outperforming global asset classes that include both Gold and Oil.
“Globally commodities are falling while and prices in Kenya continue to rise on average of 70 percent per year, compared to 50 to 20 percent in 10 year for other commodities. Going forward, Land will continue to outperform commodities as the government continue to invest in infrastructure throughout the country,” she said.
Gold prices went up by 155 percent in the last decade, live cattle by 127 percent while crude oil was the worst performing in the period increasing by 56.6 percent in value.
“ Overall the market for land is becoming more sophisticated. Where change is underway, the returns remain outstanding for any asset class, but in areas that are now more fully developed, often a high density, prices are now more static,” said Hasannali.
This is a no-brainer we have all been harping about since we joined this forum.
And of course Dustbowl County is GROUND ZERO of this metro-Nairobi property price appreciation .
And if you think this red hot price appreciation so far is a big deal you have not seen ANYTHING yet. Those who invest in DC near metro-Nairobi are the ones who will reap the biggest from Kenya's future red hot economic growth. Especially after big 4 housing officially kicks off and SGR to Naivasha is complete!
Weelll, so much for the mugunda doomsayers and "equities investors making a killing on Mumias"
don't know about all those reports and such but in 2011 i invested about 1.4m about 80km from cbd. now been offered 35m for it but am holding on. 1m making 8m in 10 years in real estate is pretty low if you know where to look.
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1m invested near Nairobi 10yrs ago now worth 8.5m
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