Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

RRONDO said:
Do all buildings in Nairobi have 100% occupancy?
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Of course it can't be 100% but they rarely fall below 90% if I am not wrong. If occupancy was low, we wouldn't be seeing the rise in highrise buildings coming up in Nairobi. Nairobi currently has close to 40 highrise buildings in different stages of construction (20 floors and above). Most of them are actually sold off-plan.

Take Jabali Towers at Tatu City for instance (a twin tower block of 33floors and 20 floors) which is already 80% sold before even groundbreaking!
 
Nicxie said:
Of course it can't be 100% but they rarely fall below 90% if I am not wrong. If occupancy was low, we wouldn't be seeing the rise in highrise buildings coming up in Nairobi. Nairobi currently has close to 40 highrise buildings in different stages of construction (20 floors and above). Most of them are actually sold off-plan.

Take Jabali Towers at Tatu City for instance (a twin tower block of 33floors and 20 floors) which is already 80% sold before even groundbreaking!
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And who told you those buildings are there because they are doing business?
 
Nicxie said:
Of course it can't be 100% but they rarely fall below 90% if I am not wrong. If occupancy was low, we wouldn't be seeing the rise in highrise buildings coming up in Nairobi. Nairobi currently has close to 40 highrise buildings in different stages of construction (20 floors and above). Most of them are actually sold off-plan.

Take Jabali Towers at Tatu City for instance (a twin tower block of 33floors and 20 floors) which is already 80% sold before even groundbreaking!
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So why are surprised that TPA is not 100% occupied? Mind you TPA is government owned corporation,TZ government not private owned, they aren't aggressively looking for tenants.
 
RRONDO said:
So why are surprised that TPA is not 100% occupied? Mind you TPA is government owned corporation,TZ government not private owned, they aren't aggressively looking for tenants.
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Nimeshangaa coz occupancy rate is below what most people would expect. And about it being a state corporation is no defence. There are many buildings in Nairobi owned by state corporations but have commendable occupancy rates.

The thing about low occupancy rates in Dar real estate sector is well documented and cuts across both privately-owned and government-owned properties. The current occupancy rates in Dar ranges between 45% to 50%, with up to 80% of properties in Dar selling BELOW the asking price while only a few well-located apartments in Dar selling at the full asking price. This is not the case with Nairobi
 
Nicxie said:
Nimeshangaa coz occupancy rate is below what most people would expect. And about it being a state corporation is no defence. There are many buildings in Nairobi owned by state corporations but have commendable occupancy rates.

The thing about low occupancy rates in Dar real estate sector is well documented and cuts across both privately-owned and government-owned properties. The current occupancy rates in Dar ranges between 45% to 50%, with up to 80% of properties in Dar selling BELOW the asking price while only a few well-located apartments in Dar selling at the full asking price. This is not the case with Nairobi
Click to expand...
Acha kujitungia data
 
Nicxie said:
Nimeshangaa coz occupancy rate is below what most people would expect. And about it being a state corporation is no defence. There are many buildings in Nairobi owned by state corporations but have commendable occupancy rates.

The thing about low occupancy rates in Dar real estate sector is well documented and cuts across both privately-owned and government-owned properties. The current occupancy rates in Dar ranges between 45% to 50%, with up to 80% of properties in Dar selling BELOW the asking price while only a few well-located apartments in Dar selling at the full asking price. This is not the case with Nairobi
Click to expand...
Acha kujitungia data
Alafu mbna hili swala tushaliongea apa sana with data za kutosha, who told you Nairobi earns more than dar?

www.businessdailyafrica.com

World Bank values Dar’s real estate Sh273bn more than Nairobi

But real estate firms say property value in Kenyan capital is rising faster than Tanzania.
www.businessdailyafrica.com www.businessdailyafrica.com


However you need to understand these buildings dont make any money. They are there for valuation
 
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