- Why are the prices friendly?
Demand and supply are the main drivers of prices in this neighbourhood. The foreigners and diplomats who have a great influence on the price prefer to be closer to their workplaces and therefore, the recommended zones do not fall on Kilimani. Land in Kilimani is more affordable than in Westlands and Riverside neighbourhoods. Consequently, this makes the prices of the properties cheaper than in the competing neighbourhoods. The target clientele and congestion are the other reasons for building higher density than its competing neighbourhoods.
- How do water and density (population of houses) affect the future price of properties in Kilimani, say in 10 years?
Unless strict regulations are adhered to, Kilimani, in comparison to the neighbourhoods that have fought well for the by-laws to be implemented, will experience slower growth. Luckily, demand for housing is still high. Kilimani is the neighbourhood with the highest returns on investments when we take into account the rental yield and occupation rate.
- With all the developments coming up, how will the quality of life become in Kilimani in the next 10 years?
Kilimani offers great convenience in accessing the central business district, government facilities, health facilities, shopping malls and commercial centres. It reduces the commute time and for most of the residents, this greatly contributes to their mental well-being. The residents have more time on their hands for family time, work or corporate social responsibility. Those who live close to their workplace are known to have a better quality of life.
With these in mind, unless a government has a well-thought-out plan for sustaining a clean and green environment, a developing city and growing population will affect the vegetation and clean air we need. Furthermore, social amenities that boost social relationships or social courtesy will diminish. Examples of amenities include: playgrounds, parks, sports fields, car parks, public restrooms, bus and taxi stands, and games courts. We have failed to observe the by-laws that would have allowed us to maintain the basic social amenities and in the days to come, the quality of life might diminish greatly if the looming crisis is not addressed.
- Are the Chinese and the Somali communities driving the prices down; is this a good time to sell?
Contrary to the fear expressed by some people, these communities are riding on the demand for housing. They have an eye for opportunity and partnerships that are better than that of the average Kenyan. The Somalis that prefer Kilimani seem to be the elite kind who are seeking to occupy the neighbourhood and take up business opportunities available. The Chinese seem to be business nomads and occupation is not their main concern.