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E-Newsletter May 2019

OVERALL SITE PROGRESS




ON THE SPOTLIGHT



On the spotlight

Part I: What You Need To Know About Land Investment in Kenya

With today’s increasing life pressures and responsibilities, the need to find an extra income earning opportunity has never been this vital. In this regard, ventures that generate reasonable but consistent returns are now the most preferred. In Kenya, land investment is proving to be a popular avenue for a majority and this has since made it quite a sensitive asset that needs extra due diligence. In our six-part series, we look at what you need to know about land investment in Kenya. This month in part one, we look at factors that influence land prices in Kenya.

DIAMOND RESIDENCES UPDATES






» Have a look at the progress we have made on diamond villas

RUBY BEACH HOUSES UPDATES






» Have a look at the progress we have made on Ruby Beach Houses

EMERALD CONDOS UPDATES






» Have a look at the progress we have made on Emerald Condos

DEVELOPERS NOTE

The land price trends in most parts of the country continue to post stronger returns. The swing in prices following stabilization of the macroeconomic and political environment shows there are possibilities for unlocking value in the satellite towns, unlike Nairobi where prices remained relatively flat. Nairobi prices have been primarily driven by demand from developers and not speculators unlike the satellite towns and a slowdown in prices reflects a subdued housing market that is yet to recover. Land in Nairobi contributes a significant portion of the unit cost of a house and by the county government offering developers of affordable housing free land, there is a likelihood of prices easing on the apartment market.


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