Month: November 2013
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Development of Flats at Ngong. Return on Investment in Sale vs Rental options.
Development of Flats at Ngong. Return on Investment in Sale vs Rental options. Cost Item Kshs % Land 2,500,000.00 2.945889894 Preliminary/council approvals 294,000.00 0.346436652 Construction 63,000,000.00 74.23642534 External Works 3,150,000.00 3.711821267 Contingency 1,260,000.00 1.484728507 Professional fees. 4% 2,520,000.00 2.969457014 Project Management fees. 1% 630,000.00 0.742364253 Marketing 170,000.00 0.200320513 Financial Charges. 18% p.a interest 11,340,000.00 13.36255656…