A joint land venture between Sacco and Premier Realty Ltd
After an extremely successful sale of Phase I plots and owing to more demand by members, Premier Realty and Kenya USA Diaspora Sacco has entered into a new strategic partnership joining hands to provide Kenyans in the USA Diaspora an opportunity to own the Isinya-Konza Phase II plots at a cost below the market prices.
Members viewing their plots in Isinya
Internal roads are graded to murram
Isinya/Konza Bypass road project
Isinya/Konza plots have graded murram roads
Sacco delivers your title deed to your doorstep
Members picking/viewing plots on-site
This new 75 Acres of land is located directly opposite the Phase I land project of the Sacco, in Kajiado County and touches the proposed Isinya/Konza Bypass. It's also situated 16KM from Isinya Town and 16KM from Konza ICT City.
Given its location, the on-going developments of Konza ICT City, and the upcoming nearby developments, Isinya/Konza Phase II property has great potential that will see its value increase rapidly in the coming years. Recent reports from estate agents indicate that the attention of land investors has shifted from Nairobi to satellite towns and environs such as Kitengela, Isinya, Syokimau and Athi River.
It is thus not in doubt that investing in property that is within a few miles of Konza City is a very worthwhile venture. Nothing could be more prudent than buying now into property that is set to almost quadruple in value in less than four years' time.
Isinya/Konza Phase II is sub-divided into 1/4 acre (100x100) and 1/8 acre (50x100) plots with clean and ready Titles. Approximately 350 plots are remaining for you to buy.
About the Property: Features
- Use of Land: Speculative, Agricultural & Residential Development
- Upcoming Developments : Konza ICT City, Isinya-Konza Bypass
- Nearby Developments: Konza ICT City, PJ Dave Flower Farm, Mboga Tuu, Kitili Bamboo Farm
- Existing Infrastructure: Internal roads are graded to murram. Electricity is nearby. Borehole water to be drilled.
- Type of Soil: Mixture of Sandy and Loam soil
- Lease Period: Freehold
Plot Market Valuation
Recent figures released by the Government Valuers pegs the current market valuation of the plots as follows:
- 1/8 acre plot: currently valued at KES 500,000.
- 1/4 acre plot: currently valued at KES 1 Million
Plot Purchase Price
As a member, you should be happy to know you'll get more value for your money since the Sacco has locked in special purchase prices that are below the plot market valuation. Depending on the mode of payment you choose, this is how much you will pay for your plot:
- 1/8 acre plot - KES 350,000 cash : KES 375,000 financed : KES 400,000 instalments of upto 10 Months
- 1/4 acre plot - KES 700,000 cash : KES 750,000 financed : KES 800,000 instalments of upto 10 Months
What do I need to purchase a plot in Isinya/Konza Bypass estate?
- Be a Sacco member. If you're not yet a member, joining the Sacco is fast and easy! You can
do it online
- Have a valid Kenya Passport or Kenya ID
- Have a KRA PIN number
- Have 3 passport size photos
- Download the plot map and list of available plots. Make your selection.
**If you are a group ready to join the Sacco, you are also invited to purchase the plots as a group.
How do I select a plot ?
- You may call the Sacco office on 1-678-398-7728 and ask for assistance in plot selection and if you've already made your selection, call the office with your details to pay $25 plot booking fee. You will then be advised on the next steps with your plot purchase.
- You may also download the plot sub-division map, the list of available plots, Plot Application Form, then select your plot, complete the form and email to info@kenyadiasporasacco.com
Download Phase II plot sub-division Map
Download Phase II list of available plots
Did you miss out on purchasing Isinya/Konza Phase I plots? We still have a few remaining for your selection.
Download Phase I plot sub-division Map
Download Phase I list of available plots
Download Plot Application Form
How much will I need to pay before I get my title?
If you're paying CASH or using the 1-month to 10-month instalment option, the tables below summarizes all the monies you will need to pay before your title is processed i.e the legal fees, stamp duty and costs associated with transfer of the title into your name.
| Cost Breakdown for 1/8 Acre Plot |
| Description |
Cash
Price |
Between 1-10 months
instalments |
| |
KES |
KES |
| Plot Purchase Price |
350,000 |
400,000 |
| Valuation costs |
4,000 |
4,000 |
| Registration Fees |
2,000 |
2,000 |
| LCB Consent |
6,000 |
6,000 |
| Disbursements |
6,000 |
6,000 |
| Title Search |
500 |
500 |
| Legal Fees |
19,000 |
19,000 |
| VAT |
3,040 |
3,040 |
Stamp Duty @ 2% of the current
valued plot price of KES 500,000 |
10,000 |
10,000 |
| TOTAL AMOUNT |
400,540 |
450,540 |
| Cost Breakdown for 1/4 Acre Plot |
| Description |
Cash
Price |
Between 1-10 Months
instalments |
| |
KES |
KES |
| Plot Purchase Price |
700,000 |
800,000 |
| Valuation costs |
4,000 |
4,000 |
| Registration Fees |
2,000 |
2,000 |
| LCB Consent |
6,000 |
6,000 |
| Disbursements |
6,000 |
6,000 |
| Title Search |
500 |
500 |
| Legal Fees |
19,000 |
19,000 |
| VAT |
3,040 |
3,040 |
Stamp Duty @ 2% of the current
valued plot price of KES 1,000,000 |
20,000 |
20,000 |
| TOTAL AMOUNT |
760,540 |
860,540 |
Title processing period will depend on how soon you complete your payment, submit the necessary documents, sign the sales agreements etc. It can take anywhere between 1-3 months to get your title. Once the title is ready, the Sacco delivers it to your doorstep in the United States or as per your request.
Can I purchase the plot using a Sacco loan?
Absolutely YES! The Sacco is offering up to 100% financing on the cost of the land. The cost of land using a loan is KES 375,000 for 1/8 acre and KES 750,000 for 1/4 plot respectively. The loan amount will be based on how much you have in your Sacco savings or upto x3 your Sacco savings. Your plot will serve as the collateral for the loan.
Additionally, you will need to pay out-of-pocket, the transfer of title, legal and disbursements costs as well as the legal fee, disbursements costs and charging of the title for loan security -- summarized as follows:
| Description |
1/8 plot |
1/4 plot |
| Cost of Land (Sacco finances upto) KES |
375,000 |
750,000 |
| Transfer of Title, Legal fee & disbursements (member pays) KES |
50,540 |
60,540 |
| Charging of Title, Legal fee & disbursements (member pays) KES |
24,985 |
28,235 |
| Total Cost |
450,525 |
838,775 |
The discounted legal fees and disbursement for charging a property is based on your loan amount tabulated as follows:
| Legal Fee and Disbursements on Sacco Loan borrowing for Isinya/Konza plots |
Amount
borrowed |
Legal
Fees |
Stamp
Duty |
Registration
Costs |
Consent
To Charge |
Disbursements |
Bank
Charges |
Registration
Of Consents |
| KES |
KES |
KES |
KES |
KES |
KES |
KES |
KES |
| 0 - 500,000 |
10,000 |
0.1% of amount borrowed |
500 |
6,000 |
7,000 |
110 |
1,000 |
| 500,000 - 1.5M |
12,500 |
0.1% of amount borrowed |
500 |
6,000 |
7,000 |
110 |
1,000 |
| 1.5M - 2M |
14,000 |
0.1% of amount borrowed |
500 |
6,000 |
7,000 |
110 |
1,000 |
| 2M - 2.5M |
15,000 |
0.1% of amount borrowed |
500 |
6,000 |
7,000 |
110 |
1,000 |
| 2.5M - 3M |
20,000 |
0.1% of amount borrowed |
500 |
6,000 |
7,000 |
110 |
1,000 |
* Note the above fees apply ONLY if borrowing towards these plots. For all other Sacco loans, different terms & fees apply.
Download Loan Application Form
This is your chance to own a piece of land near Konza Techno City!