Cyton Investments - Groundbreaking of Kshs 15 billion River Run Estates Ruiru Kiambu County

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They don’t usually say in advance wasifukuze potential buyers.

Yes. I wouldn’t be surprised

estimates?

Zile apartments za pale Mavoko area ya Mombasa road, service charge ranges from 1,500/= to 3,500/=. Buying price of those apartments ranges between 3M/= to 7M/=
Great Wall Gardens (next to Mavuno Church) service charge ni 2,000/=
Hizi za Cytonn kwanza because they have a man-made lake, service charge could be as much as 6,000/=

I doubt, firm I work for is involved in the bidding process, na if government gives the land for free, the cheapest 1 bedroomed will be 1.2-1.5mill

Too good to be true.

6k is too low for this, najua estates where it’s 5k na hakuna hizi amenities naona hapa

Since the project will be financed by the private sector then it depends on the financial proposals provided by the bidders. However GoK is trying as much as possible to lower the price to under 1M, looking for financial arrangements where tenants can pay it comfortably over a duration of time other than taking up mortgages which isn’t possible to low class citizens. A lot of joint venture Chinese and local players proposals look promising but its too early to tell.

Enyewe kuna watu wana noti. Here I am thinking 6thao is on the higher side

He…he…cyton is in another class. The presentation, packaging, organization and delivery is on point. I also like how they have broaden up its management to include a vast skill set of professionals. They are also going to list at NSE to be a public PLC which opens up their books even more scrutiny internally and externally.

My favourite pic of the project. That club house deck will be very popular. They have also picked a good Chinese firm as lead contractor.
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Heeee nimetii

Funny thing is that their CEO, Dande, is a tenant pale Kilimani.

Tbh cytonn smells like a digital Pyramid scheme

Maybe his cut is just a payslip

Given the fact that their CEO is a tenant, I doubt whether the whole bunch had enough cash to inject into the business. If at all they had the cash, I think someone somewhere calls the shots.

Nothing wrong with being frugal. That’s how Buffet got to his billions. People will trust you with their money if they can associate with you. If Dande has a 100m house after he just started, guys wouldn’t invest in Cytonn

Why? Are they recruiting multi level sellers?

I know he’s also very active online. Sisemi ni wewe. Anyway, there’s a lot of marketing being done. I don’t think it’s genuine.

Isn’t Dande and his group the multi level grp? Think abt it slowly

What happens to the The local investors who have invested in them if they don’t get their returns 18%annual returns?