Kwa Ndege ,near JKIA, Nairobi City
KSH 3.95 Mil, appx USD 63, 700
Down Payment:Approx USD 12,740


Ngong Project, Ngong City,
KSH 1.45 Mil ( USD 23,700)
Down payment 20%,
Approx USD 4,755

Available Properties

A:Kwa-Ndege:
*
3-bedroom maisonnets, 500 meters off Mombasa road next to the Jomo Kenyatta International Airport.

*Recommended for those looking for homes to live in or rent out for now and occupy them later.
    Size: 3-bedroom on its own compound and parking for 2 cars.
 The first phase consists of  75 units
    Price: 3.95million ksh
    Down-payment: 20%
    Loan:  80% for up to 25 yeas with Savings & Loans, the mortgage arm of Kenya Commercial Bank.
The number of years is determined by ones age.  
              Ie: They give loans for 65 years minus your age, the maximum being 25years.
   Interest: 14% or 15 fixed.
   Expected rent: 20,000-25,000 KSH per month.
   Status: Currently under construction.
*Over 40 out of 75  available units already sold to    
                  Kenyans living   in the USA


B: Ngong:
   * 1-bedroom flats in Ngong Town, 20 kilometers from  
             City center, and in the best part of the town.
* Recommended for those interested in an income generating venture.

Size:
Sixty 1-bedroom flats .
    Price: 1.45 million ksh
    Down-payment: 15% ie 217,500 sh.
    Interest: 14% or 15% fixed
    Loan: maximum 85% ie 1,282,500 sh. For periods of upto25 years as     for  Kwa-Ndege project.
  Note 1 loan of KSH 1.2m for 25 years require
             Monthly payments of KSH 12,000 .
 We expect to rent them for 10,000 sh per month. So the rent and loan are almost Matching, something unheard in Kenya.

If we do not get that KSH 10,000 per month and we get 9,000sh we will reduce price by 75,000sh or 150,000 sh if we get   8,000sh.  So it is our challenge to do them to standards that will fetch that rent or we lose money.
Recommeded  for those who want an income  generating project, and Preference is given to  those who want to buy 4 or more units   to minimize  the number of owners for easier administration.However, no one is denied .It’s a first come first served basis.

Status: To commence in August 2008, so for now we are not taking   money but buyers should  be preparing their paperwork and their finances.