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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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With the slow down in real estate unless you are blind;those houses will be ghosts Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 2/14/2015 Posts: 98 Location: Kenya
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Ericsson wrote:
With the slow down in real estate unless you are blind;those houses will be ghosts
Please explain - why do you think those houses will be ghosts? I am considering buying one (apartment or the 1/4 acre plots), the reasoning being that its strictly controlled high end development, that will maintain high value in the longterm - looking forward like 20 years. It should be a good investments once complete with well planned shopping complex, hotels, entertainment facilities etc. Am I missing something or am I too optimistic?
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Xymalos wrote:Ericsson wrote:
With the slow down in real estate unless you are blind;those houses will be ghosts
Please explain - why do you think those houses will be ghosts? I am considering buying one (apartment or the 1/4 acre plots), the reasoning being that its strictly controlled high end development, that will maintain high value in the longterm - looking forward like 20 years. It should be a good investments once complete with well planned shopping complex, hotels, entertainment facilities etc. Am I missing something or am I too optimistic?
If you toured that area of tatu city it has the feel of Sandton City SA. Google the the pics from 1970's. Sandton eventually cannibalized and replaced the Jo berg CBD as banks, hotels and lawfirms moved. Private municipalities is where Africa cities are headed. As Kidero has shown don't depend on Nairobi county govt, by the time you clear your mortgage you will living in a slum. Next couple of decades the diplomatic green zone around 2 rivers/runda, Tatu city and Kenyatta's Northlands will form one work/play chain for the affluent. The rest will survive in a Lagos like slum-city.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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wukan wrote:Xymalos wrote:Ericsson wrote:
With the slow down in real estate unless you are blind;those houses will be ghosts
Please explain - why do you think those houses will be ghosts? I am considering buying one (apartment or the 1/4 acre plots), the reasoning being that its strictly controlled high end development, that will maintain high value in the longterm - looking forward like 20 years. It should be a good investments once complete with well planned shopping complex, hotels, entertainment facilities etc. Am I missing something or am I too optimistic?
If you toured that area of tatu city it has the feel of Sandton City SA. Google the the pics from 1970's. Sandton eventually cannibalized and replaced the Jo berg CBD as banks, hotels and lawfirms moved. Private municipalities is where Africa cities are headed. As Kidero has shown don't depend on Nairobi county govt, by the time you clear your mortgage you will living in a slum. Next couple of decades the diplomatic green zone around 2 rivers/runda, Tatu city and Kenyatta's Northlands will form one work/play chain for the affluent. The rest will survive in a Lagos like slum-city.
You ooze of wisdom @wukan. Life is short. Live passionately.
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Rank: Member Joined: 12/17/2016 Posts: 225
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sparkly wrote:wukan wrote:Xymalos wrote:Ericsson wrote:
With the slow down in real estate unless you are blind;those houses will be ghosts
Please explain - why do you think those houses will be ghosts? I am considering buying one (apartment or the 1/4 acre plots), the reasoning being that its strictly controlled high end development, that will maintain high value in the longterm - looking forward like 20 years. It should be a good investments once complete with well planned shopping complex, hotels, entertainment facilities etc. Am I missing something or am I too optimistic?
If you toured that area of tatu city it has the feel of Sandton City SA. Google the the pics from 1970's. Sandton eventually cannibalized and replaced the Jo berg CBD as banks, hotels and lawfirms moved. Private municipalities is where Africa cities are headed. As Kidero has shown don't depend on Nairobi county govt, by the time you clear your mortgage you will living in a slum. Next couple of decades the diplomatic green zone around 2 rivers/runda, Tatu city and Kenyatta's Northlands will form one work/play chain for the affluent. The rest will survive in a Lagos like slum-city.
You ooze of wisdom @wukan.
+1. He is foresighted.
Reflection Eternal
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Rank: New-farer Joined: 2/14/2015 Posts: 98 Location: Kenya
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Flo-ology wrote:sparkly wrote:wukan wrote:Xymalos wrote:Ericsson wrote:
With the slow down in real estate unless you are blind;those houses will be ghosts
Please explain - why do you think those houses will be ghosts? I am considering buying one (apartment or the 1/4 acre plots), the reasoning being that its strictly controlled high end development, that will maintain high value in the longterm - looking forward like 20 years. It should be a good investments once complete with well planned shopping complex, hotels, entertainment facilities etc. Am I missing something or am I too optimistic?
If you toured that area of tatu city it has the feel of Sandton City SA. Google the the pics from 1970's. Sandton eventually cannibalized and replaced the Jo berg CBD as banks, hotels and lawfirms moved. Private municipalities is where Africa cities are headed. As Kidero has shown don't depend on Nairobi county govt, by the time you clear your mortgage you will living in a slum. Next couple of decades the diplomatic green zone around 2 rivers/runda, Tatu city and Kenyatta's Northlands will form one work/play chain for the affluent. The rest will survive in a Lagos like slum-city.
You ooze of wisdom @wukan.
+1. He is foresighted.
@wukan – thanks! I googled Sandton, SA – ultramodern city with hundreds of international stores. If Tatu city can house a fraction of such stores, then it’s a great investment to buy early within their project area. Your perspectives are quite insightful – that controlled development within city is a mirage with the leaders like Kidero and city county government. Now I see the well planned affluent developments starting from Infinity Industrial Park to Northlands City to Tatu City to Two Rivers/Runda. I think Northlands will be pricey such that Tatu city will seem like a bargain.
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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Xymalos wrote:Flo-ology wrote:sparkly wrote:wukan wrote:Xymalos wrote:Ericsson wrote:
With the slow down in real estate unless you are blind;those houses will be ghosts
Please explain - why do you think those houses will be ghosts? I am considering buying one (apartment or the 1/4 acre plots), the reasoning being that its strictly controlled high end development, that will maintain high value in the longterm - looking forward like 20 years. It should be a good investments once complete with well planned shopping complex, hotels, entertainment facilities etc. Am I missing something or am I too optimistic?
If you toured that area of tatu city it has the feel of Sandton City SA. Google the the pics from 1970's. Sandton eventually cannibalized and replaced the Jo berg CBD as banks, hotels and lawfirms moved. Private municipalities is where Africa cities are headed. As Kidero has shown don't depend on Nairobi county govt, by the time you clear your mortgage you will living in a slum. Next couple of decades the diplomatic green zone around 2 rivers/runda, Tatu city and Kenyatta's Northlands will form one work/play chain for the affluent. The rest will survive in a Lagos like slum-city.
You ooze of wisdom @wukan.
+1. He is foresighted.
@wukan – thanks! I googled Sandton, SA – ultramodern city with hundreds of international stores. If Tatu city can house a fraction of such stores, then it’s a great investment to buy early within their project area. Your perspectives are quite insightful – that controlled development within city is a mirage with the leaders like Kidero and city county government. Now I see the well planned affluent developments starting from Infinity Industrial Park to Northlands City to Tatu City to Two Rivers/Runda. I think Northlands will be pricey such that Tatu city will seem like a bargain.
There's a Northlands City?? 
Life is joy, death is peace, but the transition is very difficult.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Quote:The latest land price index released by real-estate firm Hass Consult yesterday showed Juja, 32.5 kilometres from Nairobi, saw prices appreciate by 45.2 per cent in the year to March, with an acre going for an average of Sh11.1 million.
Ruiru, which is on Thika Road and adjacent to the Eastern Bypass, recorded a 44 per cent increase, with an acre fetching Sh23 million.
Limuru, which is set for new road link, on the other hand recorded a 41.6 per cent increase over the period, with an acre of land fetching Sh21.3 million. Ruaka on the Northern Bypass recorded a 31.2 per cent increase with an acre going for Sh80.5 million in the period under review.
http://www.businessdaily...902726-7imslu/index.html
 the urban landscape continues to evolve. The following upcoming road projects spell doom to the Nairobi CBD; the western bypass, waiyaki way-Redhill link, dualling of Northern and Eastern bypass and missing link between Ring-road parklands and Thika road at Muthaiga. The next Nairobi governor better know his stuff
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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webish wrote:There's a Northlands City??
It is planned on UK's family land next to Brookside in Ruiru Eastern Bypass. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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Gatheuzi wrote:webish wrote:There's a Northlands City??
It is planned on UK's family land next to Brookside in Ruiru Eastern Bypass.
I will buy into that project.. Location is excellent COOP, IMH, KEGN, KQ, MTNU
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