Residential Land around Nairobi has been increasing steadily over the years.
A few years ago, the best value for money was to be found in land in Ngong,Matasia, Kiserian, Rongai ,Kitengela, Athi river, and Syokimau.
Currently, a 1/8th acre of land near tarmac in Syokimau goes for kes 3m.
A 1/8th acre near tarmac in Kitengela goes for 2.5m. Same price for Ngong and Rongai.
Initially, land around Kikuyu, Kiambu,Ruiru,Kinoo was going for higher price than in Rongai/Kitengela areas.
Currently, land in Kiambu/Ndumberi, served by a tarmac road, goes for around 2m kes per 1/8th. This is around 18 km from Nairobi CBD, same distance as Syokimau. This area has more infrastructure but lower land cost currently.
Land around Kikuyu/Ondiri swamp goes for 1.5m kes per 1/8th acre.
http://runda.olx.co.ke/100-by-100-plot-in-kikuyu-ondiri-near-by-pass-price-of-3-m-iid-551944669
This is around 25km from CBD and has already developed infrastructure such as Alliance High School, University of Nairobi Kikuyu campus, Kikuyu eye hospital etc. Same distance, 25km is Kiserian town. It has less infrastructure and land price for a 1/8th in the same distance from the rad is around 1.5m, same with Kikuyu which has tarmac roads and developed infrastructure.
Once developers discover this, developments will begin to move towards Kikuyu/Kiambu/Ruiru areas until land in Rongai/Kitengela/Syokimau area stops the rapid appreciation in price.
Francis Gichuhi Kamau, Architect.
info@a4architect.com
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