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Property Reality Company Limited Kenya(PRC).
josiah33
#1 Posted : Monday, September 16, 2013 1:19:08 PM
Rank: Elder


Joined: 1/27/2011
Posts: 1,777
Are they genuine land dealers and does anyone know about the area their oletepesi plots are located?
a4architect.com
#2 Posted : Monday, September 16, 2013 1:41:00 PM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
link?
As Iron Sharpens Iron, So one Man Sharpens Another.
josiah33
#3 Posted : Monday, September 16, 2013 2:01:53 PM
Rank: Elder


Joined: 1/27/2011
Posts: 1,777
a4architect.com wrote:
link?

www.propertyreality.co.ke
Rollins
#4 Posted : Monday, September 16, 2013 2:14:25 PM
Rank: Member


Joined: 3/23/2011
Posts: 503
I was interested in their Cape garden project about 2 years ago. Financial strain forced me out of it. The project was on Syokimau katani road. Unfortunately, their website does not indicate if it was ever completed, which to me would be a critical pointer in their capacity. There was a thread here on Top 20 Richest kenyan under 40years and the gentleman i was dealing with was listed as one of them..


I am interested in Olduvai project though and plans to visit once i am back.
Even a BrOKeN clock is right twice a day
josiah33
#5 Posted : Monday, September 16, 2013 2:45:53 PM
Rank: Elder


Joined: 1/27/2011
Posts: 1,777
Rollins wrote:
I was interested in
their Cape garden project about 2 years ago. Financial strain forced me
out of it. The project was on Syokimau katani road. Unfortunately, their
website does not indicate if it was ever completed, which to me would
be a critical pointer in their capacity. There was a thread here on Top
20 Richest kenyan under 40years and the gentleman i was dealing with was
listed as one of them..


I am interested in Olduvai project though and plans to visit once i am
back.

I am also interested in the Olduvai Project and thanks for the info.
Am also interesy
Gathige
#6 Posted : Monday, September 16, 2013 2:45:59 PM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
@Josiah33 ,Oletepesi is no deal. You can get an acre at about 150k. Do the maths. The road is currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres

"Things that matter most must never be at the mercy of things that matter least." Goethe
Am
#7 Posted : Monday, September 16, 2013 3:46:41 PM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
Gathige wrote:
@Josiah33 ,Oletepesi is no deal. You can get an acre at about 150k. Do the maths. The road is currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres



Correct. Got a couple of acres for 95K each, though 2-3 years ago.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
josiah33
#8 Posted : Monday, September 16, 2013 5:17:33 PM
Rank: Elder


Joined: 1/27/2011
Posts: 1,777
Gathige wrote:
@Josiah33 ,Oletepesi is
no deal. You can get an acre at about 150k. Do the maths. The road is
currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres


well! thanks alot mister.
Ndaragwa
#9 Posted : Monday, September 16, 2013 6:07:01 PM
Rank: Member


Joined: 3/12/2011
Posts: 108
Rollins wrote:
I was interested in their Cape garden project about 2 years ago. Financial strain forced me out of it. The project was on Syokimau katani road. Unfortunately, their website does not indicate if it was ever completed, which to me would be a critical pointer in their capacity. There was a thread here on Top 20 Richest kenyan under 40years and the gentleman i was dealing with was listed as one of them..


I am interested in Olduvai project though and plans to visit once i am back.


I bought into Cape Garden - the plots not the houses. The transaction took a while but no complains. The houses were temporarily halted following the spike on interest rates, but not sure whether they begun construction this year.
webish
#10 Posted : Monday, September 16, 2013 7:24:11 PM
Rank: Member


Joined: 10/19/2009
Posts: 671
Location: Nairobi
Gathige wrote:
@Josiah33 ,Oletepesi is no deal. You can get an acre at about 150k. Do the maths. The road is currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres



Good insight. I realize, One of the reasons why folks go for plots sold by companies is to avoid the hustle of getting title changed etc etc.

how better do you advice guys to get that land cheaper from real owners, considering most are employed, or are busy?

Life is joy, death is peace, but the transition is very difficult.
webish
#11 Posted : Monday, September 16, 2013 7:25:47 PM
Rank: Member


Joined: 10/19/2009
Posts: 671
Location: Nairobi
josiah33 wrote:
Rollins wrote:
I was interested in
their Cape garden project about 2 years ago. Financial strain forced me
out of it. The project was on Syokimau katani road. Unfortunately, their
website does not indicate if it was ever completed, which to me would
be a critical pointer in their capacity. There was a thread here on Top
20 Richest kenyan under 40years and the gentleman i was dealing with was
listed as one of them..


I am interested in Olduvai project though and plans to visit once i am
back.

I am also interested in the Olduvai Project and thanks for the info.
Am also interesy


By Saturday, one sales guy told me Olduvai Ridge is sold out.

Life is joy, death is peace, but the transition is very difficult.
Gathige
#12 Posted : Monday, September 16, 2013 8:15:31 PM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
webish wrote:
Gathige wrote:
@Josiah33 ,Oletepesi is no deal. You can get an acre at about 150k. Do the maths. The road is currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres



Good insight. I realize, One of the reasons why folks go for plots sold by companies is to avoid the hustle of getting title changed etc etc.

how better do you advice guys to get that land cheaper from real owners, considering most are employed, or are busy?



@webish, One trick is to befriend brokers. Once the brokers are your friends, negotiate a cut with them and then ask them to introduce you to the owner of the land and then negotiate directly. Brokers control the land market in Kenya and are a land buyers best friends.



"Things that matter most must never be at the mercy of things that matter least." Goethe
truth101
#13 Posted : Thursday, October 31, 2013 6:15:16 PM
Rank: New-farer


Joined: 10/25/2013
Posts: 12
Good information.
I just heard of the company today.
Has anyone bought the Konza plots? Would you recommend?
Am
#14 Posted : Friday, November 01, 2013 8:33:31 AM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
Gathige wrote:
webish wrote:
Gathige wrote:
@Josiah33 ,Oletepesi is no deal. You can get an acre at about 150k. Do the maths. The road is currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres



Good insight. I realize, One of the reasons why folks go for plots sold by companies is to avoid the hustle of getting title changed etc etc.

how better do you advice guys to get that land cheaper from real owners, considering most are employed, or are busy?



@webish, One trick is to befriend brokers. Once the brokers are your friends, negotiate a cut with them and then ask them to introduce you to the owner of the land and then negotiate directly. Brokers control the land market in Kenya and are a land buyers best friends.





@Gathige. WORKS GREAT!!!

Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
Am
#15 Posted : Friday, November 01, 2013 8:35:25 AM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
truth101 wrote:
Good information.
I just heard of the company today.
Has anyone bought the Konza plots? Would you recommend?


They have been around for sometime. I Find their plots prices high and not in line with the market.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
webish
#16 Posted : Friday, November 01, 2013 9:02:39 AM
Rank: Member


Joined: 10/19/2009
Posts: 671
Location: Nairobi
Am wrote:
Gathige wrote:
webish wrote:
Gathige wrote:
@Josiah33 ,Oletepesi is no deal. You can get an acre at about 150k. Do the maths. The road is currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres



Good insight. I realize, One of the reasons why folks go for plots sold by companies is to avoid the hustle of getting title changed etc etc.

how better do you advice guys to get that land cheaper from real owners, considering most are employed, or are busy?



@webish, One trick is to befriend brokers. Once the brokers are your friends, negotiate a cut with them and then ask them to introduce you to the owner of the land and then negotiate directly. Brokers control the land market in Kenya and are a land buyers best friends.


@Gathige. WORKS GREAT!!!


@Gathige and @AM , Thanks. But do you mean the brokers uko mashinani? or the ones in Nairobi?

Life is joy, death is peace, but the transition is very difficult.
samsa
#17 Posted : Friday, November 01, 2013 10:26:09 AM
Rank: Member


Joined: 5/7/2009
Posts: 155
This reminds me of Thuo Investments
http://m.wazua.co.ke/for...spx?g=posts&t=10636

Buyer beware!
Am
#18 Posted : Friday, November 01, 2013 12:51:55 PM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
webish wrote:
Am wrote:
Gathige wrote:
webish wrote:
Gathige wrote:
@Josiah33 ,Oletepesi is no deal. You can get an acre at about 150k. Do the maths. The road is currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres



Good insight. I realize, One of the reasons why folks go for plots sold by companies is to avoid the hustle of getting title changed etc etc.

how better do you advice guys to get that land cheaper from real owners, considering most are employed, or are busy?



@webish, One trick is to befriend brokers. Once the brokers are your friends, negotiate a cut with them and then ask them to introduce you to the owner of the land and then negotiate directly. Brokers control the land market in Kenya and are a land buyers best friends.


@Gathige. WORKS GREAT!!!


@Gathige and @AM , Thanks. But do you mean the brokers uko mashinani? or the ones in Nairobi?


Either way.

A few months a go, I went with a Nairobi Plot seller to some place where the greater easter bypass will pass, near the Illuluwe golf project that seems to me dead. She was selling plots there. We were met by her broker on the ground as he was to show her some other piece on offer. The Kamba chap is a parrot, talks non stop and those are great characters if you know how to handle them and so I made sure I got his No, called him a few Saturdays ago for Nyama choma somewhere in athi river. He sees a brown bottle and became beserk. Of course the lady does not know all this. The rest is history, he calls me endlessly with with offers by old wazees that side laking pesa ndio shinda. You will get shocked at how much these guys who buy land and subdivide make. Of course you've got to be very careful but my point is, you win big by bypassing the broker.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
truth101
#19 Posted : Friday, November 01, 2013 5:29:05 PM
Rank: New-farer


Joined: 10/25/2013
Posts: 12
Am wrote:
truth101 wrote:
Good information.
I just heard of the company today.
Has anyone bought the Konza plots? Would you recommend?


They have been around for sometime. I Find their plots prices high and not in line with the market.


Thanks for the insight...
truth101
#20 Posted : Friday, November 01, 2013 5:37:59 PM
Rank: New-farer


Joined: 10/25/2013
Posts: 12
Am wrote:
webish wrote:
Am wrote:
Gathige wrote:
webish wrote:
Gathige wrote:
@Josiah33 ,Oletepesi is no deal. You can get an acre at about 150k. Do the maths. The road is currently terrible and place quite hot and remote.

1/8th is not worth unless you are buying 100s of acres



Good insight. I realize, One of the reasons why folks go for plots sold by companies is to avoid the hustle of getting title changed etc etc.

how better do you advice guys to get that land cheaper from real owners, considering most are employed, or are busy?



@webish, One trick is to befriend brokers. Once the brokers are your friends, negotiate a cut with them and then ask them to introduce you to the owner of the land and then negotiate directly. Brokers control the land market in Kenya and are a land buyers best friends.


@Gathige. WORKS GREAT!!!


@Gathige and @AM , Thanks. But do you mean the brokers uko mashinani? or the ones in Nairobi?


Either way.

A few months a go, I went with a Nairobi Plot seller to some place where the greater easter bypass will pass, near the Illuluwe golf project that seems to me dead. She was selling plots there. We were met by her broker on the ground as he was to show her some other piece on offer. The Kamba chap is a parrot, talks non stop and those are great characters if you know how to handle them and so I made sure I got his No, called him a few Saturdays ago for Nyama choma somewhere in athi river. He sees a brown bottle and became beserk. Of course the lady does not know all this. The rest is history, he calls me endlessly with with offers by old wazees that side laking pesa ndio shinda. You will get shocked at how much these guys who buy land and subdivide make. Of course you've got to be very careful but my point is, you win big by bypassing the broker.


Very true! You win big when you go directly to the owner. But without doing your due diligence you may end up loosing much more than getting the overpriced Sacco offers. Its all risk mitigation
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