January 1st 2012 saw 56 mothers welcome their newborns at the Pumwani Maternity Hospital in Nairobi. I don’t know what this means to you, but after reading populations statistics that reveal an average 11, 000 Kenyan babies are born every day and 4 million every year, our 40+ million national population count will soon reach the...Read More
In 2011, we began the process of registration of
Prefabricated houses, also known as prefabs, are houses manufactured in factories, and transported a...Read More
Konza Technology city is a new technology city built on a 5000 acre Greenfield site, about 60km south of Nairobi and 50km south o...Read More
There have been some delays with registration of the Lukenya plots at the Machakos registry. However, this is now complete and we expect the first titles to be out in the month of February 2012. Fencing of the 44 acres is also now complete.We shall keep ...Read More
January 1st 2012 saw 56 mothers welcome their newborns at the Pumwani Maternity Hospital in Nairobi. I don’t know what this means to you, but after reading populations statistics that reveal an average 11, 000 Kenyan babies are born every day and 4 million every year, our 40+ million national population count will soon reach the...Read More
In 2011, we began the process of registration of
Prefabricated houses, also known as prefabs, are houses manufactured in factories, and transported a...Read More
Konza Technology city is a new technology city built on a 5000 acre Greenfield site, about 60km south of Nairobi and 50km south o...Read More
There have been some delays with registration of the Lukenya plots at the Machakos registry. However, this is now complete and we expect the first titles to be out in the month of February 2012. Fencing of the 44 acres is also now complete.We shall keep ...Read More
WE WILL REMAIN CLOSED FROM THE 21st OF DECEMBER 2011 TO THE 3rd OF JANUARY 2012
Merry Christmas and a Happy & Prosperous 2012
What a short month this is. Two weeks into it and already offices are shutting down, workers slowing down and projects being postponed to the next year. It’s also ...Read More
In the last couple of months the sale of Lukenya plots has been ongoing. These are some 50X100ft residential plots situated in the scenic Lukenya area located near the proposed greater eastern bypass. Cost of plots is Kshs 285,000 with flexible payment terms arranged by Midas. These plots are selling fast. Please contact us to learn more on the ...Read More
If you are planning to buy property in Kenya, the right time seems to be now, or else in the near future you might be priced out of the property market. The cost of buying property in Kenya has escalated to alarming levels. A number of reasons have been raised by market players, among them being the growth of the middle class, investor speculati...Read More
Until recently, mortgages were offered by commercial banks through the construction phase. Today, several mortgage institutions have come up, bringing mortgages closer to potential home owners by providing long-term mortgage loans to individuals to buy houses from developers, or less commonly, to build their own complete home.
...Read More
The mortgage market in Kenya has been described as elitist, ignoring the bulk of the population. A report jointly released by Central Bank of Kenya and the World Bank, showed that the mortgage market is relatively small according to international standards, with...Read More
At the beginning of this year Midas began the process of registration of Drumvale plots. Since then transfer of titles to the new owners of the Drumvale plots has been ongoing. Titles for a majority of the plots have been processed over the last couple of m...Read More
November has seen of one of the biggest property scams unveiled. The Syokimau land scandal that revealed what many have coined an “outbreak” of conmen and con women in the city willing to sell plots of land that don’t belong to them. Of course this is not an accurate description because it’s not the first time we are hear...Read More
At the start of the year we opened a new register for the registration of the plots that enabled commencement of transfer of titles to the new owners of the Drumvale plots. Titles for plots have been processed over the last couple of months and in May 2011 we issued another batch.
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On the 12th of November 2011 Midas Development met with Drumvale plot owners. This meeting culminated with the agreement between owners and Construction Company over the project’s progress in the coming months. It was decided that project would first begin with work on the perimeter fencing, ...Read More
source: www.buisnessdailyafrica.com
The lure to purchase land at Syokimau and the general Mlolongo area is very appealing for many Kenyans over the last couple of years, what with
a)&...Read More
Either it’s a relative, friend or colleague at work, we all know someone who has been affected by a property scam. Almost every day people are scammed into buying property that either does not be...Read More
For the last couple of months sale of Lukenya plots has been ongoing. These are some 50X100ft residential plots situated in the scenic Lukenya area located near the proposed greater eastern bypass. Cost of plots is Kshs 285,000. Wit...Read More
The weakening of the Kenyan shilling and rising inflation has contributed to the slowing down of the real estate market. This year, the currency depreciated by 28 per cent and inflation went up to 16.67 per cent resulting to real estate developers having to reach deeper into their pockets. “The current exchange rates are quite worryi...Read More
With the booming real estate industry, in Kenya, a new angle concept has just been introduced to the market. This concept is known as Fractional Ownership. Though the concept has taken deep ro...Read More
For the last three months we’ve been selling some 50X100ft residential plots situated in the scenic Lukenya area located near the proposed greater eastern bypass. Cost of plots is Kshs 285,000. With flexible
payment terms arranged by Midas, that provide interested buyers the option of buying cash upfront at Kshs 260,000 or making one d...Read More
Over the months we have approached several banks and investors, both public and private to discuss financing. One company has come forward and confirmed their interest in the project and are looking to finance Kshs 1.2 Billion. This will cover both debt financing and equity. We will keep plot owners update once we have finalised the terms and ag...Read More
January saw us open up a new register for the registration of the plots that enabled commencement of transfer of titles to the new owners of the Drumvale plots. Titles were to be out by February 2011 but there was some delay in processing the titles. We urged everyone who had completed payment to give us all their documentation and make the paym...Read More
What an eventful start to the new month. We’re not even halfway through and from week one have been inundated with news of a skyrocketing Kenya shilling, the shocking end of an era for two of the world’s greatest leaders of our time: Steve Jobs, a visionary and creative genius; and Wangari Maathai, an amazing Kenyan heroine and the w...Read More
Lukenya Plots – they are going on well 100 so far have been purchased.
In May, we announced the sale of prime residential plots overlooking the scenic Lukenya hills, th...Read More
On Saturday 18th June 2011, the Midas team and Drumvale plot owners met to discuss the way forward with regards to construction and development of Drumvale.
Drumvale Estate project aims at developing affordable home...Read More
It’s been three months since we announced the cut off date (11th of March 2011) for applying for the first batch of new titles and payment of legal fees for Drumvale residential and commercial plots. Indeed we have come a long way...Read More
You may not have noticed that we didn’t send out our property newsletter issue in the month of May as we have done every month since November last year. If you did miss our May issue, we have an explanation. We’ve been so busy with so much activity on the ground, what with attending to our Drumvale Estate project and...Read More
Demand for houses in the outskirts of Nairobi has increased exponentially over the last several months. Real estate developers have therefore had to move farther away from the city. Consequently, areas such as Kileleshwa, Hurlingham and Kilimani have been left with many unsold and unoccupied houses while areas like Ongata Rongai, Thika Road and ...Read More
Lukenya Plots they are going on well 100 so far have been purchased.
In May, we announced the sale of prime residential plots overlooking the scenic Lukenya hills, that provides a most spectacular view. ...Read More
Residential plots (Price Kshs: 285, 000)
Overlooking the scenic Lukenya hills which provide a most spectacular view, these 50ft X 100ft plots are conveniently located 5km from Kangundo road and 13km from Mombasa road. They are also very close to the proposed greater eastern Bypass alongside various other estate developme...Read More
Residential plots (Price Kshs: 285, 000)
Overlooking the scenic Lukenya hills which provide a most spectacular view, these 50ft X 100ft plots are conveniently located 5km from Kangundo road and 13km from Mombasa road. They are...Read More
Titles update
We have come a long way since we started selling the residential and commercial plots back in September 2010.The cut off date for payment of legal fees and stamp duty was the 11th of March 2011. Th...Read More
Plans for drilling a borehole are underway and scheduled to commence in June 2011. So far we’ve got a hydrologist to find the water table on site. The project area has been identified as ideal receiving suffici...Read More
When April rolls around every year we get out the months planner and begin to scheme up ways to keep the kids busy throughout the school holidays whilst making avid plans about how to spend the much awaited long Easter weekend with friends and family. This year however, April brings with it some growing pains that are cloaked in a staggering eco...Read More
The high demand for affordable housing in Kenya has motivated many Kenyans to build their own homes. There are many building options, materials, designs, and techniques currently available which help to...Read More
Following a referendum vote held in August 2010 a new constitution for Kenya was birthed and far-reaching institutional reforms launched. This eighteen chapter document not only paved the way for funda...Read More
In our last issue we tackled the question of affordable housing. From the responses we received we felt that it is important that we also allow our readers to forward their questions and feedback to us on...Read More
The Kenyan government has made huge strides recently in their approach to promoting green, renewable energy in the country by encouraging the use of renewable energy for both dom...Read More
Towards the end of last year CBK Governor Njuguna Ndung'u released a joint World Bank report that revealed the rise of Mortgage financing in the country indicating that Kenya's mortgage finance...Read More
Consisting of 5 bedrooms, this exquisitely designed Nyari home adds texture to the already vibrant landscape of its surrounding. Sprawled on the backdrop of a beautiful garden it represents that fresh taste of today's suburban residential market. It took one year to bu...Read More
It's never too late to wish everyone a Happy New Year! We are done with January and already it feels like a whole lot has been happening way faster than it should; what with Kenya's Hague debate debacle or the recent re-instatstrongent of alcohol laws restricting local alcohol sales and consumption, or President Gbagbo's open rejection of Raila ...Read More
Location: Mto Panga, Mombasa
An old home sitting on a 1/8th acre plot transformed into a modern bungalow that fits within its location. This project took 3 weeks to complete, adding a refresh...Read More
Consisting of 5 bedrooms, this exquisitely designed Nyari home adds texture to the already vibrant landscape of its surrounding. Sprawled on the backdrop of a beautiful garden it represents that fresh taste of today's suburban residential market...Read More
Happy holidays! It's that time of the year again when we as property investors are reminded that we have less and less time in the year to achieve our property goals if we haven't done so already. Indeed 2010 has been a whirlwind of a year with a whole lot of growth in the local property market and we at Midas are excited!
We successfully obtained the approved sub-division plan from Mavoko County Council in November and the consent for sub-division from the land control board together with new LR numbers were issued in December.
Registration of titles for the 226 plots in Drumvale took off in January and a copy of mutation forms was delivered with n...Read More
Kenya is East Africa's biggest economy.
Part of this success can be attributed to real estate investment. In fact, growth has been so strong in real estate; the property sector has outperformed stocks for the past 10 years.
Increasing incomes and the movement of large groups of people to urban centers are both factors that have ...Read More
Some studies show that more than one third of Kenyans (12 million – nine million in rural areas and three million in urban areas) do not have access to decent and affordable housin...Read More
Part of the boom in population growth and economic investment growth being experienced in Kenya's urban includes a swelling group of people heading to cities for work and other opp...Read More
Why Mavoko Is Attracting Huge Property Investors And Why Drumvale Estate Is Now Considered Hot Property...
Prevalently known as Athi River, Mavoko is a fast growing industrial town located ...Read More
We currently have the approved sub-division plan from Mavoko County Council and the consent for sub-division from the land control board. Registration of titles for the 226 plots in Drumvale is going on pretty smoothly so far. We hope to have delivered a copy of mutation forms with new parcel numbers and a copy of an amended Register...Read More
Midas Drumvale Estate project sits adjacent to Syokimau and Katani* (see map) - the fastest growing residential areas and the latest suburb of Nairobi Metropolitan. They are part of Mavoko (Athi River) Municipal Council, neighbouring Jomo Kenyatta International Airport on the south end and are only 15 minutes from downtown Nairobi. Syokimau and ...Read More
The pace of change in the Kenyan real estate market over the last couple of years has been rapid; chief reason being that property as an asset class has proven to be a steady, inflation-proof investment. In fact, house-buying has accelerated over the last quarter, over and above the arrival of new housing units causing demand for housing to outs...Read More
Why Mavoko Is Attracting Huge Property Investors And Why Drumvale Estate Is Now Considered Hot Property...
Prevalently known as Athi River, Mavoko is a fast growing industrial town located about 25km southeast of Nairobi that has been experiencing rapid change and social upheaval due to a large influx of...Read More