Focus on Kiambu County.

[Kenguy]

MIGAA.

image hosted on flickr


image hosted on flickr


image hosted on flickr

Away from the hustle and bustle of city life lies the magnificent Migaa, situated within the sub-urban area of Nairobi, in the Kiambu County, Migaa is only 16 kms from Muthaiga and 20 kms from the CBD. From nature enthusiasts to sport fanatics, Migaa provides the ultimate backdrop for an extraordinary life. Migaa is a unique residential development that captures the very essence of Kenya's natural beauty, incorporating 774 acres of land of which 48% is green open space. Nestled between two rivers, Migaa houses two natural dams and provides the homeowner a diversity of amenities to enjoy. Play a challenging round of golf or a game of tennis at the Club House. Venture off for a meal in the retail centre, followed by a gentle bike ride home through incredible beauty along the myriad of pathways, a definite way to enjoy a Sunday afternoon with the whole family.

Migaa aims to improve the living standards of local residents by providing not only decent but also affordable housing in what will be the largest gated community in Nairobi. Private developers have a choice of plots ranging from 5 to 20 acres. Migaa also offers a choice of houses, apartments, cottages, villas, duplexes and studios, all with their own unique architecture that makes use of natural materials to complement the surrounding environment. Migaa will also offer the first of its kind property exchange, which will allow homeowners to exchange their residences for others in a process that is designed to be simple, effortless and enjoyable. Living at Migaa, you will find everything you and your family need to enjoy the most that life has to offer.

http://www.migaa.com/

[Malaika254]

Oh my God this is a real beauty. I am seeing myself living in Kiambu in future,it is the place to be. The only drawback is the high rate of insecurity in the county.

[Kenguy]

Originally Posted by Malaika254

Oh my God this is a real beauty. I am seeing myself living in Kiambu in future,it is the place to be. The only drawback is the high rate of insecurity in the county.

There are two new large projects with hundreds of housing units coming up in the near future, One by AKFED and another by centum investments. This is just the begining. In 10 years, this county will be a totally different place from what it is today.

[Malaika254]

Originally Posted by Kenguy

There are two new large projects with hundreds of housing units coming up in the near future, One by AKFED and another by centum investments. This is just the begining. In 10 years, this county will be a totally different place from what it is today.

[Kenguy]

Red Hill, One Red Hill.

image hosted on flickr

Be enthralled by country charm and unparalleled views at One Red Hill, a delightful gated community of spacious and thoughtfully planned villas – each with its own unique architectural character set on lush rolling grounds in Red Hill.

Boasting spectacular views of the Ngong Hills, these homes have been developed with every comfort in mind and feature every modern convenience. One Red Hill will provide occupants with a unique lifestyle in this new growth area, setting a benchmark for future development.

Nestled on 21 acres of lush rolling hills, One Red Hill offers 67 cosy villas on approximately ¼ acre each. There are three distinctive villa types of 3 and 4 bedrooms designed to accommodate all the needs, space and budget requirements of your family.

One Red Hill will be complete with its own clubhouse comprising of an entertainment lounge, gym and swimming pool as well as a small commercial complex at the gatehouse. In addition the site will comprise external entertainment areas, playing fields, picnic spots, a river front park and jogging track.

One Red Hill not only offers unparalleled landscaping and panoramic views but a lifestyle that is blissfully tranquil and serene yet offering an array of amenities to delight your senses everyday.

For better pics and more info:

http://www.2020redhill.com

[Kenguy]

Ruiru, Sahara Ridge.

image hosted on flickr


image hosted on flickr


image hosted on flickr

Set within a class of its own, Sahara Ridge adds a touch of creative flare to contemporary living, while maintaining a cosy setting of 38 units on a 2.5 acre ideally-located site.

The Oasis type unit is a cozy home measuring 1,248 sq.ft featuring open plan living areas, a master ensuite with a quaint viewing balcony, family sized garden & DSQ for one along with a carport for two.

Lifestyle and the environment have been a key consideration in this eco-sensitive concept with homeowners benefitting from individual gardens as well as a shared playing field, solar hot water heating, Wi-fi connection, waste water treatment and recycling for irrigation, as well as solar-powered common lighting and electric fencing, this reinforced by CCTV surveillance.

http://www.hassconsult.co.ke/hass/in...d=30&Itemid=38

[mwanamwiwa]

Good job Kenguy.The County has a promising future.

[Kenguy]

Originally Posted by mwanamwiwa

Good job Kenguy.The County has a promising future.

It does. I think its almost impossible to buy land in Kiambu now. Some farmers have even put up posters around their coffee farms stating that their land is not for sale. People are now buying land as far away as Murang'a county.

[I.M Boring]

Very nice job Kengy, I'm liking the developments here!

[Kenguy]

Originally Posted by I.M Boring

Very nice job Kengy, I'm liking the developments here!

Thanx.

[Kenguy]

I got some info. Equity bank has aquired around 1000 acres near the Eastern Bypass and another 56 acres near the Kiriri University. They are palnning to venture into real estate big time.

[ernestombayo7]

Originally Posted by Kenguy

I got some info. Equity bank has aquired around 1000 acres near the Eastern Bypass and another 56 acres near the Kiriri University. They are palnning to venture into real estate big time.

Wow,that is indeed big time.

[Malaika254]

Originally Posted by Kenguy

I got some info. Equity bank has aquired around 1000 acres near the Eastern Bypass and another 56 acres near the Kiriri University. They are palnning to venture into real estate big time.

I hopethey make it affordable real estate. The current prices are just too high for the ordinary kenyan. I have been waiting for some sort of "crash" before I buy but it never seems to come.

[desert burner]

Originally Posted by Kenguy

I got some info. Equity bank has aquired around 1000 acres near the Eastern Bypass and another 56 acres near the Kiriri University. They are palnning to venture into real estate big time.

even kenol kobil is joining the real estate crazy they acquired 17000 acres for resdential and shoping centreswacha ikulane

[Kenguy]

DB, this is just the begining.

[desert burner]

they is another project called Revlon Greens park, its over 100 houses near the sterehe girls School, btw they is another office park with 9 office block and Mall that is upcoming in the Karen area the name is "The Park" i could not get renders but you can see today's standard newspaper

[Kenguy]

This article largely focuses on the county so I decided to post it here.

New Thika Highway lures multi-billion investments

Business Daily,
By STEVE MBOGO,
Posted Tuesday, April 12 2011.

With only months to go before builders finish the Sh27 billion Thika Road, new investors are already moving in to stake claim on new opportunities in a rush that is pushing property prices along the 40-kilometre super-highway to the skies.

The scramble for space along the hitherto subdued neighbourhoods has intensified with former loss-making coffee, ranch and sisal farms making fortunes as real estate investors jostle for investment opportunities along the highway and its northern by-pass.

The results of these developments have been astronomical price increases for plots along the stretch.

Between Ruiru and Juja, for example, the price of an eighth of an acre rose from Sh1.5 million in 2009 to Sh2.5 million in December 2010.

The same is now going for Sh3 million. Prices of land in the area have been growing on average by 50 per cent every year, helping to push the lower income groups further from the superhighway that is now inhabited by the middle-class.

The rise in the number of proposed multi-billion Shilling gated-community estates along the stretch is luring middle-income investors, previously concentrated in the Nairobi suburbs of Kilimani and Kileleshwa among others, into the plains of Ruiru, Roysambu and north towards Thika where virgin land is still available.

Coupled with these is the demand for social amenities — like schools, shopping malls and hospitals — which investors are turning to, hoping to cash in on the new liquid investors and the middle class.

“There is a huge demand for homes along the superhighway and this will require that home owners are supplied with recreational facilities like shopping malls,” said Mr Daniel Ojijo of property development group Villa Care.

At the Roysambu junction, a Sh450 million shopping mall developed by Oasis Capital is set to come up and will have 300 parking spaces, several supermarkets, cinema halls, conference centres and offices.

The mall will also mark the entry of multinational Scandinavian supermarket chain, IKEA, which specialises in furniture.

It will also open a battle for customer’s wallets since Uchumi Supermarkets also plans to build another mall in an adjacent plot.

“The shopping mall indicates the need to serve a growing population with higher purchasing power. It will set standards of property development along the superhighway,” said Architectural Association of Kenya (AAK) chairman Steven Oundo.

The entry of IKEA, and first along Thika Road, an area that has for long been associated with low and low middle income groups, is an indication of the growing consumer sophistication in Kenya.

It will also intensify competition among the supermarkets that is currently being played out by Uchumi at Ruaraka, Naivas at Roysambu and Tuskys in Thika.

Data from the mortgage arm of Kenya Commercial Bank, S&L, shows that demand for home loans has been highest along Thika Road followed by Mombasa Road and Kiambu Road. The loans are both for development of single stand alone units, apartments and for investment in gated communities.

In the 12 months to December 2010, lending to real estate stood at Sh46.5 billion compared to trade (Sh29 billion) and manufacturing (Sh24.6 billion).

“The borrowers were mainly developers doing projects for the middle-class along Thika Road, Mombasa Road and Kiambu Road,” said Mr George Laboso, the head of sales at S&L.
Kenya’s economic growth in the past few years, which hit a high of seven per cent in 2007, has resulted in relative growth of a middle class that has triggered a property boom and exponential growth in consumption.

It is estimated that consumer spending has been growing at 15 per cent every year.

This growth has for example resulted in 83 per cent deficit in the supply of residential houses.

“Our current residential housing demand is 300,000 units every year but the market is only able to supply 50,000 units a year,” said Mr Oundo.

Home ownership along the superhighway is expected to be another key driver of this change as residents seek entertainment, shopping, education and other services.

Some of the ongoing and planned residential projects include Thika Greens Limited that plans 800 houses and an18-hole golf course, meaning that it will attract buyers with high income.

In Kiambu, another golf village is planned at Migaa, a new gated community with exclusive villas.

Suraya Property has also planned 788 units on 200 acres of land where the bypass linking Thika superhighway and Kiambu Road meet, giving a new feel to a former coffee farm opposite Runda Estate.

In Juja, a hitherto sleepy town, Oak Valley Developers has planned 751 two and three bedroomed apartments that will capitalise on the presence of Jomo Kenyatta University of Technology in the neighbourhood.

Other mega residential properties that will only be affordable to the middle class include the Tatu City that has planned several hundred units with own shopping facilities to host 62,000 residents, Jacaranda Gardens apartments at Maziwa near Githurai 44 that are almost complete, and the 160 Golden Mile Park apartments at Baba Dogo near East Africa Breweries.

Elsewhere, the Nairobi Pentecostal Church plans to build 600 houses and a university in Mwiki, which is off Thika Road.

All these, projects marks the start of a new wave of commercial property development especially now that the demarcation of Thika superhighway has become clearer, easing fear of demolitions.

Uchumi Supermarkets for example is building a concrete wall around its property in readiness for its development. Nakumatt Supermarket is also almost completing its shopping mall four kilometres from the Muthaiga roundabout and along Kiambu Road opposite a proposed Uchumi Supermarket.

In the fray for space, Soft drinks maker PepsiCo, which stopped bottling in Kenya under competitive pressure from Coca-Cola in the 1970s, is putting up a Sh2.4 billion plant off Thika and Baba Dogo roads.

[xJamaax]

Nice to see IKEA entering Kenya,A sign a growing economy and middle class

[Kenguy]

Speaking of retail outlets, Nakumatt Kiambu is due to open any time now.

[Kenguy]

Thika, Chania Frontiers.

image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr

Located on the western side of Thika, Chania Frontiers signifies a modern era defying the traditional concepts of architecture. Within Chania Frontiers’ precinct is the Blue Post Hotel in Thika and the world famous Fourteen Falls.

Chania frontiers will be a controlled gated housing community in a contemporary style of courtyards. Each 4- bed roomed house stands on a ¼ acre plot of approximately 1024 sqm.

The expansion of Nairobi-Thika highway to 8-lane super highway will economically and socially transform and improve mobility and transport linkages between Nairobi and Thika.

The enhanced communication between Nairobi and Thika will attract business along the spine making Chania Frontiers which is only 5 km from the highway a strategic and highly premium location for a livable and sustainable neighborhood of choice.

Chania Frontiers will offer an integrated settlement that will create a “walk to work” lifestyle shopping complexes, facilities for leisure and entertainment. The gated community housing community allows the residents to blend existing urban living with the bliss and comfort of a rural setting.

http://www.chaniafrontiers.com/index.html


Im guessing this project has 300+ units spread on approximately 200 acres.