How to invest in real estate in Kenya

WHY YOU SHOULD INVEST IN PROPERTY IN KENYA

Kenya has been in the Global limelight as a favorable investment destination, especially after the GES summit that happened in Nairobi in July 2015. International media has picked this up as expected. A great take I liked was by Forbes , a nice article entitled Why invest in Africa’s Fastest growing economy.

It is an open secret that the business environment in Kenya has been great, with many multinational companies setting up office in the recent history ; big names like Google, IBM, Microsoft, ORACLE, SAP, Coca Cola, GE just to mention a few.

I know you have seen the “for sale” sign on those apartments on your way to work, a number billboards about property open days as you sat in the notorious Nairobi traffic jam, or you just saw a whole newspaper page advert on a new real estate development in Nairobi. All these signs suggest something, the real estate sector is flourishing. It has experienced it’s share of good performance over the years, contributing to 7.85% and 8.12% of the GDP for the last two years respectively according to the Central Bank of Kenya economic review.

Investing in real estate in Kenya

Investment opportunities in Kenya, real estate.

This growth in real estate in Kenya is mainly driven by a huge housing deficit being experienced in housing in Kenya. Currently, the Kenya urban population is growing at an average rate of 4.2% annually resulting in a demand of about 150,000 new housing units every year. The market is only supplying about 20,000 units per year, leaving a yawning deficit. In Nairobi alone, the housing deficit stands at 80,000 units annually according to the Planning and Housing Executive Committee.

This factors present a superb opportunity for those wishing to invest in property in Kenya. With rental returns having grown by 9.7% over the past year and property prices having increased 3.46 times over the last 15 years, the prospect of making a neat return on investment real estate in Kenya is almost given.

However, there are several things to consider before investing in real estate in Kenya.

What You Must Know Before You Invest In Kenyan Real Estate

What to check when investing in property in kenya

What you should know in Kenya’s Real estate

There are several important things you need to understand and check before you get into a property transaction in Kenya. Like any legitimate business, there exists the very real possibility of getting swindled.

To avoid complications, it is first important to check the validity of the title deed, the zoning of the property and whether the land rates and taxes have been paid up to date. It also necessary to check if there are any caveats against the property or any pending disputes on ownership.

After all these check out, the process of purchase is pretty straightforward. But if you are new, it will save you a lot costly mistakes to enlist the services of a qualified legal counsel.

Then there is the issue of financing. If you choose to get a loan or a mortgage to finance your property investment venture in Kenya, be sure that you fully understand exactly how much you are going to pay back. Flexibility on the payment terms is a very good thing.

Finally is the consideration of security and insurance. Real estate investment, as any other asset, should ideally be insured. Shop around for the best insurer, and make sure you understand the terms, especially the fine print.

Property investment options in Kenya

Now that we know that investing in real estate in Kenya is a great idea, and we know what to look out for so as not to make mistakes. We can look at some ways one can invest in property in Kenya.

Investing in property in Kenya : land

Investing in land in Kenya

1. Buying land

The most popular real estate investment avenue in Kenya is Land. Investing in Land in Kenya is appealing simply because once you buy, you really don’t have to do much, most people buy and wait then resell later at a profit. As the real estate mantra goes, don’t wait to buy, buy and wait.

There are a several ways to add value to this sort of investment, such as fencing it, connecting power and water lines and building an access road. As with many real estate investments, location is always King.

Ofcourse the option of developing the land is available , and depending on what one chooses to build and the location of the property, different levels of revenue can be  obtained.

2. Building residential property in Kenya

Residential property is another property investment avenue in Kenya. Actually if one has the finances, one can buy land, build residential units and choose to sell or let. This strategy offers higher returns but requires a lot of expertise and is capital intensive. There are ways of making this work better by using different building technologies, like prefab housing that we covered in a previous blog.

Residential property in Kenya

Building residential property in Kenya

3. Commercial Real estate

Finally we have the option of investing in commercial real estate. Not known to many people, commercial real estate offers more reliable income than residential property investment in Kenya. This is because the lease agreements with the tenants is usually for periods not less than five years and with a rent increment clause that ensures the owner gets incremental income from the property over the lease period. This is also capital intensive and requires a degree of expertise.

Now that you know where to start, you can have a look at our extensive property listing and have us start you on your way to making it big by investing in property in Kenya. Alternatively you can contact us here.

Written by Nathaniel Ndegwa

GIVING MADARAKA A NEW FACE OF AFFORDABLE LUXURY

Madaraka, a middle class suburb nestled in between Karen to the north and Westlands to the east, is fast rising as a homely environment for the rising middle to upper class.  Long established as an area playing home to civil service employees and with a majority of the land owned by the Nairobi City County, Madaraka and Nairobi West is fast changing to become a more vibrant and modern living environment.

MALIBU COURT- MADARAKA

MALIBU COURT- MADARAKA

Real estate developers and investors are now looking to Madaraka to put up residential spaces that meet the needs of the urban population that is now more exposed to real estate trends and aesthetics.  Taking the lead is Malibu Court, an impressive development of 56 prime 3 bedroom master en-suite apartments.

Malibu Court has indeed changed the face of Madaraka with this development that’s already attracting the interest of Kenyans with purchase power and expatriates alike.  With Kenya gaining global interest as the investment destination of the continent, real estate has proved a guaranteed investment avenue.

The exclusive Malibu Court – home to these spaciously built apartments, an array of elegant homes with contemporary finishing meets the highest standards in home design.

With breath-taking views of the new Northern bypass, and overlooking the Nairobi National Park, Malibu Court gives a guarantee of security coupled with serene living.  The 3 bedroom homes each with master en-suite appeal to the high end market and cater to the needs of the rising middle class. The apartments are the only ones in the area that have a swimming pool on the rooftop, giving home owners that exclusive privacy when swimming, having barbeques with their guests or just enjoying an evening chill out.MALIBU COURT- MADARAKA

Conveniently located minutes from the Central Business District, and close to all social amenities, Malibu Court offers the astute home owner absolute luxurious living.  Located close to Strathmore University, and in close proximity to Gertrudes Garden Hospital, T-Mall and Capital Centre, the development offers competitively priced houses that do not compromise on space.  The 3 bedroom master en-suite prestigious apartments have well lit, spacious lounges fitted with large windows that have modern designed wrought iron curtain holders.  The kitchens are fitted with granite table tops and each room has ample storage facilities.  The apartments have a self-contained guardhouse with intercom and CCTV surveillance to ensure total security for home owners.

Salient features of the houses include:

  • Self-contained servant quarters
  • Boundary wall
  • Electric fence
  • Landscaped garden
  • Cabro paved driveway and parking
  • Swimming pool
  • Self-contained guard house
  • High speed lifts
  • Borehole
  • Gym
  • 3 level basement parking

An investment in Malibu Court is one of the best one can make, a living environment that offers all the conveniences of a metropolitan lifestyle that integrates work, life and recreation.

TRENDSETTING BOUTIQUE LIVING IN THE HEART OF LAVINGTON

Boutique living is no longer a story we read on the glossy magazines from international markets.  As more and more people gain purchase power, the need for outstanding designs in residential properties has taken center stage and as now more than ever, new developments have to keep up with the new trends.   DUCHESS PARK - LAVINGTON,HATHERU ROAD

Step into Duchess Park, home to one of the most unique design statements in property developments in East Africa.  Located in suburbia on Hatheru Road, Duchess Park is a sight to behold.  From the exteriors, all one can see is an endless high rise building, but once one sets foot inside the spacious and elegant interiors of the apartments, one is left in awe at the beauty and majestic allure of Duchess Park, a homely, luxurious community of spacious 3 and 4 bedroom all ensuite apartments and 5 bedroom luxurious duplexe apartments fit for a queen.

As the Kenyan real estate market looks towards the rising upper middle class, the likes of Duchess Park are a sure investment for the discerning home owners.  In the fast changing real estate market which does not seem to soon experience a boom, the trend has changed to building apartments and condos built like boutique apartments.  To begin, a boutique apartment is described as a home setting that is intimate, unique and luxurious.  The Oxford Dictionary defines the word boutique as a business or entity that serves a sophisticated or specialized clientele.

This now begs the question, if a boutique is a sophisticated establishment, what then encompasses a boutique apartment?  In urban Nairobi, the middle to upper class Kenyans are now looking for more sophisticated living environments, which can afford them the luxuries of a hotel while still enjoying the comforts of a home.  No longer is it exciting to just own or live in an apartment in the city that just resembles an old school flat – now it is about living in utmost luxury and comfort.DSC_0101

Real estate developers are now fast turning to these kind of building environments and Sigimo Enterprises Limited, a fast rising real estate player is one innovative and trend setting developer that has taken the first step to provide such homes for the already established urbanites.   Built on a generous plinth area of 440 sq. m, the duplexe apartments at Duchess Park are fit with exclusive facilities including 2 lounges, private gym, bar, sauna and steam room.  One can walk around multiple high rise developments across the city, and not find anything closey familiar to Duchess Park.  From the top floor of the majestic apartments, the view of the Karen plains and the awe inspiring Ngong Hills is one to die for.  Where else in the city does one afford such views?  Nowhere, we can assure you.

Sigimo Enterprises, having observed the building trends in the country, opted to make a difference by building homes that have a unique aspect and leverage on the unique attributes of environments.  Sigimo Enterprises develops homes that produce a characteristic personal feeling in every space and develop one of-a-kind homes with an independent attitude – these are what can be defined as boutique apartments.Duchess Park

Property Features

  • Spacious 3 bedroom all ensuite apartments sitting on 210 sq. m with elaborate master bedroom with balcony and self contained domestic servants quarters.
  • Lovely 4 bedroom all ensuite apartments sitting on 230 sq. m with spacious master bedroom with balcony and self contained domestic servants quarters.
  • Luxurious and spacious 5 bedroom all ensuite duplexes with 2 lounges, bar and private gym among other amenities.

Duchess Park provides home owners with the ultimate luxury of having superb recreational facilities in the vicinity of your own apartment.  Unwind in the serene luxury of your home at Duchess Park, everything you ever wanted in an apartment.

Authour: Kelai Wamjiru

 

 

 

 

 

BELLCREST GARDENS

THE RISE OF ‘URBANITES’

Real estate developers are now slowly turning to these kinds of building environments and Sigimo Enterprises Limited, a fast rising real estate player is one innovative and trend setting developer that has taken the first step to provide such homes for the already established urbanites.

One such development is Bellcrest Gardens in the tranquil Kileleshwa suburb, a relatively fashionable urban location that appeals to the rising middle to upper class Kenyan.  The suburb is also a favorite of expatriates, UN and NGO employees.  This is a unique attribute of boutique apartments, as the intention is to build them in intimate locations with an enveloping atmosphere.  The mere fact that Bellcrest Gardens is set in the unique locality overlooking the famous Arboretum forest makes it an ideal setting for these kind of building set ups.

Bellcrest Gardens is designed with precise attention to luxury and space.  According to the CEO of Villa Care Limited, the marketing agency of the properties, Mr. Daniel Ojijo, upmarket apartments continue to shine and the appeal is now greater than ever.  He continues to add that the apartments highlight strong architectural elements and are an ideal showcase of design at its utmost element with warm accents across the rooms.  The apartments are designed with a coastal feel with the balconies overlooking beautiful lawns, built to encourage relaxation and comfort.

With convenient proximity to schools, shopping centers, hospitals and other social amenities, Bellcrest Gardens offer unrivaled spacious and modern 4 bedroom apartments and penthouses with 4 bathrooms with large airy kitchens with utility area.  Each house offers a spacious lounge and balcony with an uninterrupted view of State House Gardens and the Arboretum. The houses encompass a spacious master bedroom with an inbuilt walk in closet.  Finishes incorporate ceramic tiles and granite worktops in the kitchen.

These are twenty eight modern and spaciously built 3 bedroom apartments master en suite + self-contained Dsq measuring 170sqm.

Amenities include:

  • Swimming pool
  • Lift
  • Clubhouse
  • Gym
  • Backup generator
  • Excellent panoramic views
  • Ample parking
  • Perimeter wall with electric fence.
  • General Amenities
  • Backup generator
  • Dsq
  • Electric fence
  • Gym
  • Perimeter wall
  • Interior Amenities
  • Lift

LEGAL RECOURSE IN DEMOLITION OF PRIVATE PROPERTY BY GOVERNMENT

Nine years ago property owners along Thika Road lost their fortunes when both commercial and residential developments were flattened to pave way for the construction of the Kshs 30 billion Thika Superhighway. Even before the dust settled on the demolitions, buildings in Kisumu came tumbling as the bulldozers made way for the construction of the Kshs 14.8 billion Mau Summit on the Kericho Kisumu Road.

Construction Villa care

Road Construction

Such scenes have become common place in the Kenya with hardly a day passing without heart wrenching stories in the media of unforgiving bulldozers bringing down in no time what has taken years to build.

While the jury is still out on who is to blame between the Kenya government and the property investors as far as demolition of private property is concerned, industry pundits are in agreement that the government must adequately compensate registered property owners whose investments are acquired or demolished for development.

Under the law, registered property owners whose investments would be affected by public developments are protected by the Kenya Constitution. The Bill of Rights under Article 40 of the Supreme Law provides for protection of right to private property. Matthew Wokabi, a Property lawyer at Sikh and Karinga advocates however argues that while government has a duty to fully compensate property owners of demolished property, they have to show that they are the lawful and rightful owners of the said properties.

“In Kenya the land is either held under freehold which means it has a title deed, or on leasehold meaning the holder has a lease. Those are the two instances under which a land owner can seek compensation, however in certain circumstances compensation may be paid to the occupants in good faith,” he said. Prof. Doreen Wambua, another Property lawyer and a legal consultant for major property investments across East Africa advices property investors whose properties are compulsorily acquired that compensation is no simple affair. She advises property developers to seek the services of a certified valuer who would rate the property at the existing market rates and have the valuation report ready after receiving demolition notice.

“This is because during compensation, government always goes with existing market rates once they decide to demolish your property. The aggrieved who feel that the government compensation is below expectations have recourse in the High Court,” Prof Wambua said.

But while this recourse has worked over time, provisions in the constitution allow government to acquire private property for specific public purposes, subject to the prompt payment of compensation. While citizens can use the courts for redress, the law does not require the government to engage the public in the decision to acquire land, only for establishing who is eligible for compensation and for the proposed development on the acquired land through the Environmental Impact Assessment (EIA) process.

The case of Runda property owners and the government is such a pointer. About 296 families were rendered homeless after the High Court ordered partial demolition of the gated community to create room for the construction of the 21-kilometre Northern Bypass corridor.

The protracted court case that pitted Runda residents, Lands and Roads ministries, Kenya National Highways Authority, Kenya Urban Roads Authority and the Attorney-General involved the width of the road reserve adjacent to the palatial houses.

The residents insisted that the road’s width was 60 metres as per the Lands Ministry records, the government argued that it was 80 metres as delineated on November 20, 1970.

The petitioners had urged the court to declare that their rights, individually or in association with others to acquire and own property, were being violated as guaranteed by Article 40 of the Constitution.

While making the ruling Lady Justice Mumbi Ngugi argued that public interest supersedes individual’s right to property. “In the two petitions before me, I don’t see any violation or limitation of the residents’ right to property. In my view, the residents are unwitting victims of landowners who sold the properties to them without having regard to the public interest. While I appreciate the large investments that have gone into the construction of the residential houses and sympathize with the situation of the owners, I believe their recourse in legal claim is against those who sold land to them,” read the judge’s ruling.

MORTGAGES IN KENYA

Mortgages in Kenya fall under two types:

Nyari House

Nyari House

1. FIXED RATE MORTGAGES
The borrower owes a percentage of the loan as interest. This amount never changes and remains constant over the life of the loan.

2. VARIABLE/ADJUSTABLE RATE MORTGAGES
In this type of loan, changes in the credit market are reflected in the repayment rates. Equal repayments are made on a reducing balance. Part of the interest rate risk is transferred from the lender to the borrower. Variable rate mortgages are widely used where fixed rate funding is difficult to obtain or prohibitively expensive.
There are several factors that broadly define the characteristics of mortgages in Kenya and elsewhere globally. These may include;

Kentmere Valley

Kentmere Valley

• INTEREST
This is what banks gain from the loan from the repayments made. Interest may be fixed over the life of the loan or it may be variable, changing at certain predetermined periods. It may rise or it may fall, depending on existing market conditions.

• PREPAID AMOUNTS
Some lenders will limit or restrict prepayment of part or the entire loan. If the borrower decides to prepay, then he may also pay a penalty to the lender for the prepayment.|

• AMOUNT AND FREQUENCY OF PAYMENT
In some cases, lenders may offer the borrower an option to increase or decrease the amount paid, without incurring penalties. The amount paid per period is variable.

• PERIOD OF THE LOAN
This refers to the time period the loan is lent out for. The borrower may be required to pay the entire amount after that lapsed time period. He may also be required to pay a certain amount at the end of some predetermined period.

Mortgage Finance Institutions

Housing Finance, Standard Chartered Bank, Jamii Bora, Kenya Commercial Bank, Family Bank, Barclays Bank and Many more other institution offer the service

BUYING OR RENTING COMMERCIAL SPACE

Moi University Pension Scheme Plaza

Moi University Pension Scheme Plaza

Sifa Towers

Sifa Towers

Commercial business premises have become a hot-cake in the property market in Nairobi and leading urban towns. The allure of ultra-modern offices in up-market business addresses like Nairobi’s
Upper-hill, Westlands, Kilimani, Ngong Road, Mombasa Road and some locations in the ever busy Central Business District has remained attractive to many businesses.
Increased growth and commercial might has also seen an increasing trend where businesses are not only buying, but established brands are building own premises with state-of-the art facilities and Wi-Fi connectivity.
This transformed best speaks of the executive nature that doing business is leaning towards in Kenya, as it has put local-owned businesses at a globally competitive platform.
The reality is that choosing to buy or build own business premises is a big commitment for any business — big and small, but on the plus side, owned business premises is a good investment and a long-term asset that will potentially increase in value.
It pays dividends to first gauge on whether it might be better to operate from rented premises or to buy. There are benefits and drawbacks to both.
Some businesses operate in an industry that makes the ability to change location quickly and easily an important factor. To others, the line of business could be historically linked to a specific location that renders the ability to relocate unlikely.

Valley View Business Park

Valley View Business Park

AFFECTS PROFITABILITY
To buy premises, a business will need to sink some capital into the building, and probably take out a commercial mortgage.
This may affect the profitability of the business for some time, and restrict the ability to find or borrow capital for new projects.
On the flip side, the monthly mortgage repayment is likely to be less costly than a rental payment on the same property and it is not just going into anyone’s pockets.
When buying business premises it is advisable to ensure that the planning allows for any changes that may necessitate to be made. It is also good to check if it has asbestos roofing — as it will be an expensive bill to remove it.
However, renting premises gives business organisations greater control over their cash flow. Rents tend to be fixed, whereas mortgage payments will be affected by interest rate rises.
Owners will have to pay for extra buildings insurance. For all businesses, there are other costs to consider, including utility bills, business rates and stamp duty (sometimes tenants have to pay this on commercial leases).
Leasing comes with minimal responsibilities. The owner bears responsibility for any damages or dysfunctional infrastructure, maintenance and repair works within the building. This can be time consuming and added responsibility to a young business.

West Park

West Park

Owning a premises may not give the flexibility that a small business requires as it grows. Renting therefore, may be the better option for smaller companies as they can move to bigger premises and eventually own premises.
The flip side is that owners can do virtually whatever they like within their own buildings, such as creating extra space. That may remove the need for a move. This is an option that may not be open to tenants.
Often lease agreements state the premises must be put back to the original state when they are vacated – that could mean thousands of pounds of improvement work you have done has to be ripped out.

BEFORE SIGNING THE DOTTED LINE…
Finally, here are some general tips from business owners with decades of experience in commercial property:
• Leases: Understand every term and condition in the offer including the total cost until the lease ends and ask the Landlord to confirm in writing that the offer meets the Lease Code.
• Negotiate lower rent and better terms: Do not accept the first rental figure without haggling.
• Opt for short-term leases: You never know what is around the corner, so in your first few years shorter leases are better. It may mean you pay a little more, but one day you may appreciate the ability to move quickly.
• Check how rent is reviewed: If you are going to be facing a possible increase each year, it is better to know about it from day one.

TRV

TRV

Buying
• Buy property in growth areas: If the government has announced a town to be a growth area, there is likely to be initiatives to attract new jobs. Which means more employers who will need business premises. That could have a positive effect on the price of modern business properties.
• View more property: Just as with home hunting, you should view a number of premises, and consider how their size, location and proximity to amenities will affect your business and its staff

TIPS FOR OWNING A HOME

TIPS FOR OWNING A HOME

What is involved in buying a residential property?
Buying a home is an exciting time. But, as one of the largest purchases you’re likely to make, it can also be seen as one of your best long-term investments – so it’s important that you get it right. This means doing your homework and making sure that the property you will eventually buy is the right one for you in terms of price, location, value, size and lifestyle.

Why should I buy a home instead of renting?
You will have a sense of personal satisfaction owning your own home. You will be able to create your own private space that is unique to you. When you own, you can do it all your way!
Owning a home is the possibility of the home increasing in value over time. If you rent, you write your monthly check and it is gone forever. At the end of your lease, you have nothing and face the possibility of increasing rental rates. By purchasing a home, you are entitled to deduct the property taxes you pay as a homeowner.

What factors do I need to consider when buying a home?
Good city services, social amenities proximity and a playground if you have kids, convenient shopping and transportation, a track record of sound development and good planning–these are just a few considerations that are important to many people when they choose a community in which to live.

Can international Buyers purchase property?
Yes, they can, the ideal way to purchase property in Kenya is to appoint a lawyer here and he/she can act on your behalf. Your lawyer will liaise with us in order to have the sale agreement signed by you, for the payment of the deposit, and will also undertake to get the title of the property transferred into your name once the development is complete and the payment is completed.

When should I start looking for a mortgage?
The best time to look for a mortgage is before you look for a house. This enables you to determine the amount of money you can borrow and what house you can afford.

How does one obtain financing in Kenya?
Financing for the purchase of properties can be obtained from Mortgage companies, Banks and Building Societies in Kenya. Details on mortgage schemes, interest rates, repayment terms etc can be obtained directly from them.
What are the property transfer procedures and charges?
The property transfer charges are 2% of the property value in addition to an accelerated installment, payable whenever a property is sold to completion.

THE KENYA HOMES EXPO

This year’s second Kenya Homes Expo will run from October 22 to 25 at the Kenyatta International Convention Centre in Nairobi. It will be the event’s 22nd edition since it was inaugurated 12 years ago.

Organized under the theme, “Secure your Dreams”, it aims to recognize the range of products and services in the real estate, finance, construction and interior décor and design industry.rsz_dsc_8159

According to Mr Daniel Ojijo, the CEO and founder of Homes Universal, the real estate consortium that owns the Kenya Homes Expo, the exhibition gives individuals and companies the opportunity to develop clear perspectives, network; strike business deals and makes contacts. And through the exchange of ideas and information, they are able to keep abreast with the trends in East Africa and beyond.

“Having grown from humble beginnings 11 years ago at the Sarit Centre, the expo has maintained the lead as the most authoritative in East Africa, thanks to the strategy and expertise in the industry.”

rsz_cba_2

REALTORS INCLUDED

The exhibition has already secured over 150 exhibitors, and is expected to attract more than 250 exhibitors this time around.  Among the companies participating are Housing Finance, Anchor Properties, Bobmil, KCB Mortgages, Azizi Realtors, Crystal Valuers, Cube Movers, Sollatek, East Africa Security Options and NIC Bank.

The international exhibitors include Global Chinese manufacturing firm Avic International, which will be participating for the first time.

The expo also has a good number  of exhibitors from the United Arab Emirates, among them Touchwood Furniture, a leading furniture manufacturer from Dubai, and Damac Properties, a realtor, also from Dubai, which deals in the development and sale of high end luxury properties.

The expo will incorporate realtors, building and construction companies, finance and  mortgage institutions, potential and existing homeowners, interior décor and design companies, home furnishing and  accessory companies and contractors, among other influential service providers in the industry.

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The expo is held twice every year in order to keep up with the ever-evolving trends in the industry. Its success has been partly attributed to the real estate boom recorded in the last few years.

The sponsors of this year’s event include East Africa Portland Cement Company, Tononoka Steels Ltd, and  BMW Precast Housing Solution.

 

Kentmere Apartments Killeshwa

KEY TO TOMORROW’S HOME

With the rise of exclusive residential developments in the last few years, inclusion of more appealing features that satisfy the needs of potential and actual buyers continues to become the norm today. These features range from piped gas, Jacuzzis to escalators and high-speed lifts.

 

Recent research has indicated that Kenya’s upper middle class is now driving the economy. In general, this Western influenced class drives the sleekest cars, sports the latest designer apparel. Not to be left behind are the new weds, who are now relying heavily on domestic workers to take care of their young ones, as they pursue evening classes or work overtime to improve and maintain their lifestyles. Newly constructed houses, especially apartments should incorporate the idea of a day care centre. These centres will meet the needs of the upper middle class.
Sophisticated as they may seem, their growing children need an environment that is conducive and secure. Following the thoughts of Jean Piaget on child development, ‘children construct an understanding of the world around them, and then experience discrepancies between what they already know and what they discover in their environment.’ Largely speaking, the underlying principle here is that the environment in which the child is growing in, will definitely determine his future personality. These day care centres should employ the services of professional matrons who are able to attend to children’s needs in the absence of their parents.

 

This in turn assists their busy parents get more productive in their work, as their minds are focused on the immediate task without the burden of full time care of their children. A major advantage of these centres is children learn in as homely an environment as possible. They are near their places of residences, which also make it easy for the child to access school without having to rise too early. It is also easier to offer security as the learning environment falls within the confines of the child’s residential space. In gated communities, access is limited to known residents, or strangers, who only gain admission after producing proper identification, a basic of security checks.

 

This creates peace of mind for parents, as cases of kidnapping are among the dangers that are instantly minimized. Teachers can also offer personalized attention to their wards, as enrollment numbers are small. An example of this is New South Wales, Australia, where the law does not permit student numbers exceeding 40.

Other factors as learning in a tranquil environment devoid of external noise are easy to offer in this setup. Setting up of children gardens, from where the concept of kindergarten hails, is easier, providing the optimal environment for the young ones to thrive. More playtime is also possible, as the school environment is merely a continuation of the child’s play time at home.

 

Statistics from America show that approximately 3 percent of the school-age population was homeschooled in the 2011–12 school years. Among homeschooled children, a higher percentage was White (68 percent) then Black (8 percent), Hispanic (15 percent), and Asian or Pacific Islander (4 percent).

CHINA FIRM PLANS TO BUILD MOST EXPENSIVE LUXURY APARTMENTS

Nairobi’s Kileleshwa estate will soon have the most expensive apartments in Kenya.

Aviation Industry Corporation of China (Avic) has been given the green light to construct four-bedroom luxury apartments that will each cost Sh88 million.

Within the same development, Avic will also construct two- and three-bedroom units each going for Sh27 million and Sh38 million respectively. The total cost of the housing project is Sh4 billion.AVIC PIC

The residential development will have a total of 110 apartments following licensing by the National Environment Management Authority (Nema).

“This project is for the construction of a block of apartments with three basement floors and 11 typical upper floors having a total of 110 apartment units, associated amenities and facilities and amenities,” said the licence by Nema.

The residential development, which will be called Avic Park, is expected to be completed within 24 months.

Villa Care, the selling agents, says that Avic is putting up the high-end apartments as a market response to demand for luxury apartments which has been influenced by expatriates of multinationals that are choosing to set up their regional or Africa offices in Nairobi.

“This is the most expensive and largest for the whole market. The developers Avic are known for large projects and high quality finishes,” said Villa Care managing director Daniel Ojijo.

The apartments are intended to beat the records of other luxury apartments in a city that has seen many property developments in the recent years.

“Due to the recent increase in foreign direct investment (FDI) and the entry of multinationals into various sectors of the East African economy, there is a clear need for both high quality residential and commercial real estate in the region’s capital, Nairobi,” said Villa Care in a statement.

Swimming pools, basement parking and gyms are other facilities that will be included at Avic Park.

 

For State-owned Avic, the Kileleshwa-based Sh4 billion project will be the smallest publicly announced investment in its property portfolio.

In July, Avic announced that it was investing Sh20 billion to construct a 43-storey office block, apartment blocks, and a five-star hotel on a 7.5 acre plot in Westlands, Nairobi.