Nikafurahi rahirahi juu this is hope. These court case laden investors of cytonn have nyakuad 1000 acres to invest in some city.
It may not happen in the next 2-3 years but hii ilinijazz sana. Which means ploti yangu iko na hope.
Iko hapo mutungoni Road
The good thing about cyton is that before they break ground, they must have secured a financier or a syndicated group of several investors. Then after as construction continues they push the sales of unit to sell it out. This ensures them and investors get their return of investment quicker and the project is done in the shortest period possible. They have bought the land for this New Town city but they haven’t got the financier yet. That is why there is no groundbreaking yet. Amara Ridge and Situ village are sold out but they are now also re-sale so units for their customers/investors. The problem right now is they have spread themselves too thin such that their balance sheet is stretched. They need to build up their reserves.
That’s what I was thinking. Tena wakianza kuweka tarmac.
Ni the same place as the leather city industry thing gava inataka kuamsha. Place is called kinanie.