Mwalimu Sacco to Subdivide 14-Hectare Prime Land in Juja for Sale to Members and Public
Mwalimu National Sacco has announced it will subdivide its two 14-hectare parcels of land in Juja for sale to its members and the public.
This comes after the Sacco’s preferred single large buyers failed to offer the right price for the property, whose value is estimated at over Sh600 million.
The Sacco said offers from the large-scale buyers who were interested in the two parcels were turned down as they were below the area’s market rate.
Mwalimu Sacco, which initially planned to construct housing units on the land or sale to both members and the public, said its members will be gien priority in the sale of the plots after demarcation.
Juja has been experiencing some of the fastest-growing land prices among Nairobi’s satellite towns, according to land price data compiled by realtors HassConsult.
In the one year to September 2022, the price of an acre in the town rose by 18.2 percent to Sh18.2 million.
Comments (3)
Usual pep-talk, any land transaction: Get your own lawyer, have your lawyer do the title search, have your lawyer prepare the contract with all the parties (including any bank with a claim), and make all payments thru YOUR lawyer.
I smell a 🐀.
Muigainwa Njoroge
Gakuyo
Kenyans in diapora don’t fall for this nonsense
Nunua shamba yako after kufanya search yako wewe mwenyewe
You very right and stop listening to Mr. Jeremy Wambui who is conning us using the Lord's name. Currently his partner Jane Baiyu is selling plots in Kilimambogo 100x100 for Ksh. 1.5. Plots of 50X100 in the area are going for Ksh. 399. The area is undeveloped and in the jungle, but they keep promising people there are roads, water, and etc. Mr. awesome is selling us pure lies. Send somebody to check it out and you will be shocked. AMG I trust and I will buy from them once they increase plot sizes to 100x100