It depends on the Location.

Apartments in Lavington going for over 10 million get buyers.
How many 10 million bob apartments can you build on one of those plots ?

The profile of buyers of such property is mainly made of people working in NGO world and high level businessmen.

yes they do get buyers otherwise how do you think the prices have risen over the years from 3m to over 25m in places like runda.actually come to think about it, runda,muthaiga are the only well organized suburbs with the proper services and the housing is of similar class unlike other places where you buy a plot and you put up a good home and the guy next door builds a not so good house.So your values cannot sustain or grow and on top of that you have to deal with no so great services(roads,sewer,piped water etc).
I would like to hear people's comments here if you had the cash lets say 20m where would you buy?

quote of the year, i will do the same unless i am a billionare

All those plots get buyers.. The thing is they may take a while but eventually they are usually sold. From our property database 0.9acres with a 4 bedroom house in Lavi-Amboseli goes for 80M http://www.propertyzote....on%2C+Nairobi-1337.html ItZ what size of a plot are we talking about.@madhaquer you are spot on,location does matter. The other lucrative option you would be surprised, for example I have had a some clients who opt for a Joint Venture with a developer. Plot Valuation becomes your equity..the developer then puts up apartments or office blocks. Upon sale of the properties you split the proceeds as per equity ratio. Lucrative i may say.