“The 14 acre Sunset Paradise gated community enclave, exclusive estate by design, offers a sanctuary of relaxation where you unwind by the pool as you look yonder on the abundant green areas. It is located in Serena on the Tarmac road towards Serena Beach hotel,” states the developers of the Project. “The design, construction and quality of finishing are details that make you want to own a Sunset Paradise Apartment.” The developers also note that there will be a development of a 5,000 Persons international conference facility by GOK/Haller Park which will require guests accommodation for 5000 guests. This is an amazing product that Kenyans abroad can consider especially those who love Real Estate Investments. The prices are affordable and the returns both in property appreciation and rent usage promising.
“Property market in 2 years will be booming in Kenya. We are just scratching the earth,” says George Waciuri of Optiven as he talks about how Kenyans are tripling their earnings through property investment in value added plots, and property in Kintengela. On investment plots, he would recommend to Kenyans abroad, he says, “I would recommend Imani Breeze Estate. We are adding value on this product that is drill 170m deep borehole, develop roads, erect tanks, pipe the water, playground for children, 2 acres greening. The plots are offered now at 1,140,000. We project the price in the next 3 years to be about 3 Million therefore the approximate increase will be 300%.”...
Terry Kairu, an aspirant for Kiambu Senate, on behalf of Kenya Abroad Platform in an article posted in our Real Estate section writes that land usage law should meet food, housing and other needs for Kenya citizens. She writes that a good land bill can spark growth of Kshs 2 trillion in Kenya economy by 2017. After a survey of more than 100 companies in Kenya Real Estate sector it is quite obvious many who make a living in real estate business have not worked hard to understand what role land plays in the development of a country. As many experts will say without the right land bill no economy shall ever grow higher than 8%. ...
On Friday 4th November 2011 the Ministry of lands released the following statement, “we wish to notify members of the public that the Ministry, in consultation with stakeholders, has prepared two draft bills to meet provisions of Article 68 of the Constitution of Kenya 2010. These are: - Draft Land Bill – to revise, consolidate and rationalize land laws; to provide for the sustainable administration and management of land and land-based resources and for connected purposes and Draft Land Registration Bill – to revise, consolidate and rationalize the law governing the registration of title to land, to regulate dealings in registered land, and for connected purposes.” Unfortunately the draft bills did not touch on Article 68 Parliament shall (c) enact legislation— (i) to prescribe minimum and maximum land holding acreages in respect of private land. ...
Idle land in Kenya is mainly considered to be land that is allocated to private citizens or companies and not put to economic use. A study done by Ministry of Lands revealed that just in Kwale County the absentee landlords own 75,982 hectares or 187,755 acres of land. The big land are mainly synonymous with political leaders who normally allocated themselves these lands after tax payers opened up these lands for economic development through paying for paving of roads. To think that about 10% of the 2 million acres of land that forms Kwale County is owned by a absentee landlords is sad as a majority of the 650,000 citizens of Kwale live as squatters in there ancestral land. The land issue is now on the forefront and on 26th April 2012 parliament will have to legislate the land bill and many will be looking to see what this will be. ...
Forbes published Uhuru Kenyatta to be worth about Kshs 40 billion ($500 million). The magazine based his wealth on ownership of 500,000 acres of land. On 26th April 2012, Parliament will legislate the maximum and minimum land one can own as private land. Terry Kairu on behalf of platform advanced by Kenyans abroad has highlighted the platform proposal as one where private leasehold land of 50 acres or more would pay Kshs 10,000 per acre yearly rate and further each 10 acres allocated employ 1 person if leasehold right is to be kept every year. ...
Residents of Mathare, Kibera and many other slum settlements may have an opportunity to decide to start living a better life than what they are now accustomed or born into. John Macharia intends to bring productive debate and discussions on eradication of slums to the forefront during the Nairobi elections this year or early next year. Having developed his career in the Information Technology and Real Estate industry in Chicago city and later in Florida, he is ready to lead and see Slum Eradication Systems (SE Systems) implemented. He notes that these systems will require a couple of bills to be legislated at the National and Nairobi County level. ...
Headed by the Ministry of Information, Konza City Project master plan is a beauty. Said to be conceptualized based on 5,000 Business Processing Outsourcing (BPO) jobs, if it materializes, it will be an exciting city to live and invest in. It is currently estimated to lead to developments of about Kshs 800 billion. The Kenya Abroad 2012–2017 Platform is studying this project in an effort to create a Project bill that once instituted will enable this vision and other good visions to succeed while at the same time protecting public money invested. Based on news articles, the public has invested close to Kshs 3 billion in Konza City broken down to: Kshs 1 billion buying of land, money used in establishing the designed concept and funding of the ICT board developing the project. ...
When 6 million citizens of Kenya voted August 2010 for the new constitution they made many orders. Article 68, Parliament shall—(c) enact legislation— (i) to prescribe minimum and maximum land holding acreages in respect of private land, was one of the orders. Further the Fifth Schedule Article 261 (1) sates, “Legislation on land (Article 68) 18 months.” This means on August 4th 2010, 6 million Kenyans placed an order that was supposed to be delivered February 2012. ...
“No where in the constitution does it say land policy is one where 50 people should own 5 million acres of land when 5 million others live as squatters,” says Terry Kairu aspirant for Kiambu Senate. Terry knows very well there is little progress a country can achieve without the right land policy. “Everyday you will hear news of landowners stopping projects that will give Kenyans homes and jobs from being developed! Tatu city project, 4 ways junction project and others are now in courts. Once elected I will lead to pass laws that will make every person who owns land to clearly understand that land was created by God to sustain life. The laws will ensure no project giving Kenyans jobs, food and shelter is ever halted or stopped because of land issue.” Terry is passionate. One thing is for sure, if she is elected as Kiambu Senator the discussion of land will be held and the right laws passed. She says, “I can assure you that Kenyans will not go hungry when just a few hold thousands of acres of land!” ...
