Premier Realty Limited and the Kenya USA Diaspora Sacco (KUDS) continue to work hand in hand in a bid to provide members and other Kenyans in the USA Diaspora with more viable and lucrative land investment opportunities. The successful completion of a number of key projects has once again led to the birth of another unique offering: Premier Mews Estate.
Premier Mews Estate
Premier Mews Estate
Premier Mews Estate
Premier Mews Estate
Premier Mews Estate
Premier Mews Estate
The first step to constructing your desired home is to buy land in a strategic location that has the potential for growth both economically as well as property value. Premier Mews Estate sits on a 22-acre piece of land and is located in Korompoi area of Kitengela (Kajiado County). The parcels are a mere 2.5KMs away from the Nairobi – Namanga highway or 7.5 Km from Kitengela Town. They are surrounded by major social amenities such as the East African University, Kampala International University, RAF University and KAG University. The neighboring area boasts of upcoming housing developments owing to the existence of borehole water, electricity, and other services that are necessary for human settlement. It is, therefore, very ideal for anyone planning on buying and building a home immediately. Owing to the factors mentioned above, the land also provides investors with great prospects in regard to purchasing land and developing residential homes for the university community.
Plots are available in ¼ acre and 40*80 plots with features including:
- Serene environment and neighborhood
- Borehole water
- Electricity
- Gated community
- Excellent security in the area
- Ready titles
- Good for residential or investment
Plot Purchase Price
Members are entitled to special pricing arrived at as result of the SACCO’S partnership with Premier Realty Limited. Do note that these prices are lower than the current market rate. Depending on your choice of mode of payment, the below are the prices per plot:
Cash and Loan Price:
- 40*80 plot - KES 950,000. Discounted price KES 855,000 - (Valid until 30th Nov 2018.)
- ¼ acre plot – KES 1,800,000. Discounted price KES 1,620,000 - (Valid until 30th Nov 2018.)
*Please note if you are financed tittle deed charging costs apply. See below for details
Installment Price:
- 40*80 plot - KES 975,000 (Deposit KES 150,000 the rest in 10 months)
- ¼ acre plot – KES 1,850,000 (Deposit KES 300,000 the rest in 10 months)
What do I need to purchase a plot?
- 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.
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 $50 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 it to info@kenyadiasporasacco.com
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 40*80 Plot |
Description
| Discounted Price |
Cash
Price | Between 1-10 months
instalments
|
|
KES |
KES |
KES |
Plot Purchase Price |
855,000 |
950,000 |
975,000 |
Valuation costs |
4,000 |
4,000 |
4,000 |
Registration Fees |
2,000 |
2,000 |
2,000 |
LCB Consent |
6,000 |
6,000 |
6,000 |
Disbursements |
6,000 |
6,000 |
6,000 |
Title Search |
500 |
500 |
500 |
Legal Fees |
19,000 |
19,000 |
19,000 |
VAT |
3,040 |
3,040 |
3,040 |
Stamp Duty @ 2% of the
plot valued @ KES 1,500,000 |
30,000 |
30,000 |
30,000 |
TOTAL AMOUNT |
925,540 |
1,020,540 |
1,045,540 |
Cost Breakdown for 1/4 Acre Plot
|
Description
| Discounted Price |
Cash
Price
| Between 1-10 months
instalments
|
|
|
KES |
KES |
Plot Purchase Price |
1,620,000 |
1,800,000 |
1,850,000 |
Valuation costs |
4,000 |
4,000 |
4,000 |
Registration Fees |
2,000 |
2,000 |
2,000 |
LCB Consent |
6,000 |
6,000 |
6,000 |
Disbursements |
6,000 |
6,000 |
6,000 |
Title Search |
500 |
500 |
500 |
Legal Fees |
19,000 |
19,000 |
19,000 |
VAT |
3,040 |
3,040 |
3,040 |
Stamp Duty @ 2% of the
plot valued @ KES 3,000,000 |
60,000 |
60,000 |
60,000 |
TOTAL AMOUNT |
1,720,540 |
1,900,540 |
1,950,540 |
Title deed Processing
Title deed transfer 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 950,000 for 40*80 and KES 1,800,000 for 1/4 plot respectively. The loan amount will be based on how much you have in your Sacco savings or up to x4 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 | 40*80 plot
| 1/4 plot
|
| |
Full Price |
Discounted Price |
Full Price |
Discounted Price |
Cost of Land (Sacco finances up to) KES |
950,000 |
855,000 |
1,800,000 |
1,620,000 |
Transfer of Title, Legal fee & disbursements (member pays) KES |
40,540 |
40,540 |
40,540 |
40,540 |
Government Stamp Duty |
30,000 |
30,000 |
60,000 |
60,000 |
| Charging of Title, Legal fee & disbursements (member pays) KES |
24,985 |
24,985 |
28,235 |
28,235 |
Total Cost |
1,045,525 |
950,525 |
1,928,775 |
1,748,775 |
The tabulated as follows:
* Note the above discounted legal fees and disbursement for charging a property is based on your loan amount and ONLY apply if borrowing towards these plots. For all other Sacco loans, different terms & fees apply.
This is your chance to own a piece of land in Kenya