Month: October 2012

Cost Item Kshs % Land 120,000,000.00 19 Preliminary 10,000,000.00 2 Construction 400,000,000.00 62 External Works 20,000,000.00 3 Contingency 8,000,000.00 1 Professional fees 32,000,000.00 5 Project Management fees 8,000,000.00 1 Transaction Advisory fees 8,000,000.00 1 Marketing 4,200,000.00 1 Financial Charges[8% of construction cost depending on financiers] 32,000,000.00 5 Total 642,200,000.00 100 Financing Plan Kshs % Developer[Land,50%Transaction…

NAIROBI PROPERTY VALUES Q and A. 1. Some houses are fetching up to between Sh110m and Sh200m, do you know a more expensive residential house in Kenya? The price of a house is mainly dictated by the price of the land it sits on. Currently, 1 acre of land in Gigiri near the UN Complex…