Point Properties Ltd – Articles of Interest

Kenya’s Real Estate Industry Goes Hi-tech With Blockchain

Land Layby Kenya Ltd, a Kenyan leading real estate and fintech company, operating in 4 other countries is set to launch the minimal viable product (MVP) for Africa’s first multinational Blockchain powered land registry early 2018. The platform, which shall be accessed using a special digital utility key called the Harambee token, will transform the way we buy and sell real estate by doing away with the hidden costs, unnecessary intermediaries, and reduce transaction time significantly. It will enhance data security and eliminate manual errors and duplication of verification processes. Generally, the Blockchain contains a certain and verifiable record of every transaction ever made, which mitigates the risk of double spending, fraud, abuse, and manipulation of transactions. The crypto economics built into the Harambee Token provide incentives for the participants to continue validating blocks, reducing the possibility of external influencers to modify previously recorded transaction records. Land Layby Holdings hopes to permanently address the trust gap by disclosing land and land options to the public, but with special privacy requirements. The initial role of the platform will be to provide a mirror reflection of the Government Land Registry systems. Cryptocurrencies have made a strong impact on payments, remittances, and foreign…

Living in a three-bedroom brick house with a compound where she practises small-scale farming is a dream MaryLouisa Wairimu had never thought possible. The story of the 71-year-old woman, who sells headscarves, khangas and water in the Kinyago Slum in Nairobi is one of victory over desperation and despair. Between 1968 and 1985, she lived with her family in the Kinyago and City Cotton slums. They would put up temporary shelter using plastic bags and cartons for the night, and pull them down in the morning to avoid harassment by City Council askaris. “We did not have the money to buy land or rent even the simplest houses, so we were exposed to the vagaries of weather,” says Ms Wairimu. In 1985, the family moved to a mud house in Eastleigh Section Three, Nairobi. Later that year, when a foreigner who had been occupying seven acres of land in Biafra in the neighbourhood left the country, Ms Wairimu and her neighbours visited the Land office to find out about its ownership. They discovered that it was not registered in anyone’s name and, with the help of their MP, had it registered in their names two months later. The MP oversaw…

Hundreds of people may find themselves with worthless titles to pieces of land in Kajiado over the advertisement of “fake” plots for sale in the county, Governor Joseph Ole Lenku has warned. Mr Lenku, who made the statement over the weekend, also indicated that the county will not be approving the subdivision of any rural land into “uneconomical” pieces. “Any hawking of quarter-acre pieces of land in the heart of Kajiado is fake and will not be tolerated and that is the official position of the Kajiado County Government,” said Mr Lenku. By this edict, Mr Ole Lenku will find himself on a collision course with land-buying companies that buy large pieces of land and subdivide it into small portions of up to an eighth and later sell it unsuspecting persons. Most affected is land in Kajiado West, some parts of Kajiado East and Central. The County Executive in charge of land, Mr Hamilton Parseina, gave the example of a group ranch in Kajiado West, which was subdivided and members acquired title deeds. “Other areas in Kajiado West include, Oltinga, Ilnaroj and Saikeri,” he explained. “In Kajiado East, we have land in Kisaju, Isinya, Mashuru and Kenyawa, while in Kajiado Central we…

6 tips from top entrepreneurs on turning real estate into real wealth — even if you start with nothing

At least 30 U.S. billionaires made their money from real estate; some say that it’s the greatest way to create real wealth and financial freedom. These six tycoons and members of The Oracles suggest how you can invest $100,000 or start with nothing. 1. Start small. Courtesy of The Oracles Tai Lopez, investor and advisor: Although I’m a businessman first, I’ve always been a part-time real-estate investor. You can do both, too. Have a business or career that creates positive cash flow, which you can diversify into part-time real estate investing. I’ve done it for many years. If you’ve never invested in real estate, start small and don’t use all your money. No one’s ever looked back and said, “My first deal was my best.” You’ve got to learn how to read the contracts, build your network of specialists — for example, lawyers and realtors — and develop a good eye for it. This only comes from experience. The beauty of real estate is that you can learn the ropes while starting small: Find some cheap properties, like single-family homes, renovate-and-flips, multi units, or commercial properties. Try to commit as little as possible while you get some notches under your belt. Joel…

One-man real estate firms dominating the residential housing scene face imminent disruption after the government invited real estate conglomerates to put up 8,000 units using modern technologies. Unlike the present situation where private developers seek and purchase their own parcels of land, the invited mass-housing builders have been given a major leeway where the government will provide the land for the planned houses. Already several mass-housing companies have set up building raw materials in the country and have had their building technologies approved ahead of national rollout. The new Public-Private Partnership deal could drive small players out of the market since government-fronted firms would enjoy faster approval of plans unlike currently where contractors and project owners wait for months to get approval for the planned projects. Though the advice to small and one-man real estate firms is thinly veiled, the government has given them an opportunity to remain afloat by urging them to form consortiums and come up with housing models that could be mass produced, built within a short time while maintaining high quality at competitively low costs. This means, a housing developer, a financier and a building products firm could form a Special Purpose Vehicle to bid for…

Whether you are renting or owning a house, it is not easy to predict and avoid all the dangers that can occur in your home. It is, however, possible to protect yourself by insuring your house and all the belongings in it. Home insurance is important to cover expenses incurred as a result of the occurrence of unintentional claims and damages as well as your civil liability towards third parties. It is strongly recommended to subscribe to a comprehensive household insurance. This will allow you to be compensated for expenses incurred in repairs to your home and will also cover the amount used to replace destroyed furniture – within the limits of conditions of your contract. Home insurance policies provide guarantees to protect his or her family inheritance against the various claims that may arise such as; theft/vandalism, water damage, fire, natural disasters, damage caused by a third party and damage caused by your pet. Whether you are a homeowner or a tenant, the multi-residential dwelling allows you to live peacefully within your house or apartment without worrying about the risks that may arise. It is also recommended that those who rent their homes opt for universal insurance against rental…

Prime Location Kiota Ville is strategically located near an Airport (JKIA), several Local and International schools, premier shopping malls and major roads; best positioned for investment. Return on Investment With land currently providing the best return on investment, Kiota Ville provides you with well-planned housing estate plots with tangible wealth creation potential. Wealthy Population Increase A steady increase in population of the upper-middle-class in and around the Syokimau area for the past several years means demand for housing is only set to increase. Kiota Ville is the perfect place to take advantage of this increased demand for real estate. Sale or Rental Income Invest in building an elegant, modern house in the exclusive Kiota Ville housing development and it will fetch you a handsome return from the sale or rental income. Point Properties offers quality investment ready properties with flexible payment plans. To be a successful property investor, contact us at info@pointproperties.org