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Forum => Kenya Discussion => Topic started by: Georgesoros on July 16, 2016, 02:34:14 AM

Title: An acre in kisumu is $600,000???
Post by: Georgesoros on July 16, 2016, 02:34:14 AM

Wow!!
Can anyone make a return on this investment in 10yrs?
http://www.the-star.co.ke/news/2016/07/15/kanu-wrangles-over-sale-of-sh60m-land_c1385613

Title: Re: An acre in kisumu is $600,000???
Post by: RV Pundit on July 16, 2016, 08:24:15 AM

I bet whoever bought this did the calculation. In kenya you've to build several stories high to mitigate that land price. In other places where land is dirty cheap - you can build low rise buildings. So expect a serious skyscrapper by whoever both that.