1,000% JKIA land appreciation in 20 years!

[gout]

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Doing the mazematix using Gachagua 5 acres piece of land.

1999 = 554,000

2012 = 24 million

2024= 1.5 billion

https://www.businessdailyafrica.com/bd/economy/gachagua-fights-to-reclaim-sh1-5bn-land-3887604

This mburoti for sale puts the valuation at $ 3.6m or half a billion per acre.

https://www.fit-property.com/property/prime-parcel-of-land-in-jkia-airport/

This would put the value of the 6,000 JKIA land to 3 trillion!  Quite some Adani deal context.

[patel]

1.5 birrions for a piece of land? Add permits and building cost. What would one build to recover invested fund? Alot of things in Kenya don't make financial sense.

[Georgesoros]

1.5 birrions for a piece of land? Add permits and building cost. What would one build to recover invested fund? Alot of things in Kenya don't make financial sense.

Problem is govt failed to put policies in place to tame this kind of inflation. By the time you put infrastructure it’s was over the cost. This in turn slows down the economy
A simple stipulation that all sellers include the cost of infrastructure will bring these costs down. The money can go into an interest bearing escrow maintened by bank. If it goes to the county they’ll steal it.

[gout]

Why bother investing when you can just sit and wait? You just take loans on the and and buy more idle land or political office for tenders insurance.

1.5 birrions for a piece of land? Add permits and building cost. What would one build to recover invested fund? Alot of things in Kenya don't make financial sense.

[RV Heavy Hitter!]

Nairobi and Kenya have no healthy market-driven supply and demand forces because of massive corruption that unleashes thumbs on the scale. When corruption is rampant, it is hard to get money from any investments. Two Rivers has been unprofitable since inception, and the board said it may take 60 years to recover initial investments and losses. Adani, if it were to take over JKIA, may take him 30 years to breakeven, but I suspect he will do mediocre face-lifting, or build hotels, acquire land, and bail out after a few years having scammed Kenya. The only way to make money in Kenya is to steal from citizens for the most part.

Centum net losses widen to Sh4.9 billion for the year ended March 2023, majorly weighed down by the performance of its Two Rivers development project.

The NSE-listed company financials show that losses from Two Rivers Development Group stood at Sh7.1 billion.

The Two Rivers Development performance was a threefold increase from the Sh2.29 billion loss that the firm posted a year earlier.

Centum had already issued a profit warning indicating that its full-year profits for 2023 will dip by 25 per cent compared to the previous year.

[Georgesoros]

A billion for an acre of bare land is a lot. One can buy but unless you can quickly find a buyer you’re stuck for another 30yrs waiting for appreciation in price

[patel]

Why bother investing when you can just sit and wait? You just take loans on the and and buy more idle land or political office for tenders insurance.

1.5 birrions for a piece of land? Add permits and building cost. What would one build to recover invested fund? Alot of things in Kenya don't make financial sense.

interest rates in Kenya are ridiculously high. 20 - 30% interest rate.

[gout]

Kenya is hard to get. The loans act as ownership proof. See I already secured a loan with the land. There is even a racket in the banks for this.

https://nation.africa/kenya/business/queries-on-due-diligence-as-banks-fight-over-collateral-4060394

Why bother investing when you can just sit and wait? You just take loans on the and and buy more idle land or political office for tenders insurance.

1.5 birrions for a piece of land? Add permits and building cost. What would one build to recover invested fund? Alot of things in Kenya don't make financial sense.

interest rates in Kenya are ridiculously high. 20 - 30% interest rate.

[RV Pundit]

JKIA land is outside the deal. Adani will only be leased 30 acre of land.