Month: February 2015

Availability of Land for Real Estate Development . Land for Real Estate investment is available. Upmarket land for investment in Nairobi city CBD is available in Upper Hill, Westlands and Kilimani areas. Middlle class market land is available in surburbs 30 km radius from CBD in areas such as Rongai, Ruai, Ruiru and Kiambu. Low…

Cost Item Kshs % Land 300,000,000.00 21.9170076 Preliminary 14,080,000.00 1.028638223 Construction 704,000,000.00 51.43191116 External Works 105,600,000.00 7.714786674 Contingency 70,400,000.00 5.143191116 Marketing 48,000,000.00 3.506721216 Financial Charges 126,720,000.00 9.257744009 Total 1,368,800,000.00 100 Financing Plan Kshs % Developer 384,480,000.00 28.08883694 Debt Finance 704,000,000.00 51.43191116 Presales 192,000,000.00 14.02688486 Total 1,368,800,000.00 93.54763296 PROFIT TOTAL SALES FOR 15 floors 1,920,000,000.00 TOTAL…