Royal Properties Ltd

22/06/2018

Nextgen Mall got your back.... Check out this!!

17/06/2018

Are you a Boss or a leader?

28/04/2018

Dear all,

This is to inform you that our open day that kicked on today will continue for the whole of coming week.

Our dedicated team will be at the site to attend and take you through the spaces available to let.

Kindly, take sometime off your busy schedule and pass by Nextgen mall Mombasa road and ensure you talk to our dedicated team.

For more information kindly do not hesitate to contact us on 0720750911

Regards.

25/04/2018

CANT SELL IT? WHAT YOU OVERLOOKED....

Sometimes you really struggle hard to sell your property or rent it. You try this on your own. Then you turn to an estate agent, then to the next. You spend on adverts and faithfully service your mortgage. You feel very frustrated.

Could it be that you overlooked something when you were investing in the property? Most probably yes. What you overlooked could be one or more of the following building blocks of value. They are the things that make someone want to buy or rent your property.

1. Utility
Utility is the ability of a product to satisfy a human want, need or desire. A person would want to buy your house because he needs the house for shelter. An industrialist will want to rent your premises because he needs it to manufacture goods. A commercial property is required for the income stream it generates.
Location of a property, or the design of a property increases its level of utility. Creating a property that has low utility will only result in low demand for it as it must compete with others in the market. It is common to find a developer starting to construct an apartment block and by the time it is complete it has changed to an office block or a retail building. The consequences of this are design challenges that tend to reduce the utility of the building for the ultimate use. A developer may want to increase income by putting so many units on a smaller parcel of land. Again this reduces the property’s utility as tenants would not want to feel crowded in a complex.
What must you therefore do? Develop a property that is fit for the purpose.

2. Scarcity
Scarcity is a measure of supply relative to demand of a product. If the supply of a product is low, and the demand is high, this means the product is scarce. Many people chasing few products in the market tend to compete. If others get it others must miss it. This competition makes individuals want to pay more to get the product. A product is hot only because there are few of them in the market.
On the other hand, if supply of a product type is higher relative to the demand there will be less competition for the product. Continuing to produce the same product because it is hot only lower the level of its scarcity making it abundant and ultimately lowering its price.
The only way to sustain demand is to produce a unique product. Every time you develop a unique product of utility, you end up with a scarce product.
What must you therefore do? Develop a unique product through creativity and innovation.

3. Desire
Desire is the purchaser’s wish for an item to satisfy human needs. Desire creates interest and interest leads to purchase or renting a property. Some people desire to live in a large compound. Some desire to live in a hotel apartment. If no one desire to live in your property, no one will be interested to buy it or to be your tenant. Desire comes from the inside of the person and not from expensive adverts. You must therefore appeal to the inner part of the buyer or tenant.
What must you therefore do? Arouse the desire in others for your property.

4. Effective purchasing power
This is the ability of an individual to purchase the property. Developing a property without due regard to the purchasing power of your target group is suicidal. If tenants can’t afford it, they can’t rent it. If the buyers can’t afford it, they can’t buy it. You must know who the buyers or the tenants of your property are before you start construction. You must understand their behaviour. Should they change their mind, you should be able to forecast what they will change it to. You should be ahead of them and take full advantage of them.
What must you therefore do? Identify your tenant or buyer before you build.

15/04/2018

Good news for property investors... Read!

28/03/2018

Be on time and well groomed.



Visit one of their kiosk store at NextGen Mall on ground floor and enjoy their offers..

Call/whatsup 0720750911 for such kiosks spaces at Nextgen mall.

Be part of the big family.

24/03/2018

Ten Benefits of Shopping at a Mall

1. There are multiple people to meet. No matter what mall you visit, there is always a group of people walking around. Malls are one of the friendliest places. They are almost like an indoor park.

2. There is food. There should be no reason to leave a mall too early. If anyone gets hungry, the food court is right inside. We do not have to relocate just to get a meal. The food court is very beneficial to mall shoppers.

3. We find everything needed at one stop. This is one of the great benefits of shopping at malls. Everything we need is more than likely in the mall. We don't have to waste gallons of fuel just to get everything done. The mall is our one-stop shop.

4. We get to walk around. Exercise is always a plus. While we shop, we can get our exercise going on too. Most malls are large enough to get at least a 30-minute workout. What a win-win situation.

5. There are a lot of different events and offers. If a certain promotion, sale, or giveaway is being offered, the companies know that the mall is the best place to target people. You'd be surprised at how many offers are present in the mall. One day you might get lucky or discover a unique product.

6. Beat the weather and still shop. Some people don't like to go out because it may be too hot, rainy, or cold. In the mall, the temperature is controlled to the right temperature. You may forget all about the weather once you are inside.

7. There is always a place to sit down. If you ever get tired of standing, there are always benches nearby. Most people never get tired of shopping, but it is always nice to know that we can stop and take a rest if we want to.

8. We do not always have to spend our money. Just because we go to the mall does not mean we have to buy something. We could just hang out with our friends or whomever we may be with. We could just check out the latest fashion and all the free benefits of shopping at malls.

9. We always find something we like or want to buy. It is hard to go out to the mall and not find anything we like. Even if we do not buy anything the same day, we will eventually buy something that excites us. Its beneficial to find something that we like so much.

10. We get to dress up just because. Almost everyone dresses up to go to the mall. We wear our best stuff to look good. Since there are sure to be other people at the mall, it is always smart to give a good impression.

08/02/2018

PROPERTY INVESTMENT OPTIONS IN KENYA.

Now that we know that investing in real estate in Kenya is a great idea, and we know what to look out for so as not to make mistakes. We can look at some ways one can invest in property in Kenya.

1. Buying land

The most popular real estate investment avenue in Kenya is Land. Investing in Land in Kenya is appealing simply because once you buy, you really don’t have to do much, most people buy and wait then resell later at a profit. As the real estate mantra goes, don’t wait to buy, buy and wait.

There are a several ways to add value to this sort of investment, such as fencing it, connecting power and water lines and building an access road. As with many real estate investments, location is always King.

Ofcourse the option of developing the land is available , and depending on what one chooses to build and the location of the property, different levels of revenue can be obtained.

2. Building residential property in Kenya

Residential property is another property investment avenue in Kenya. Actually if one has the finances, one can buy land, build residential units and choose to sell or let. This strategy offers higher returns but requires a lot of expertise and is capital intensive. There are ways of making this work better by using different building technologies, like prefab housing.

3. Commercial Real estate

Finally we have the option of investing in commercial real estate. Not known to many people, commercial real estate offers more reliable income than residential property investment in Kenya. This is because the lease agreements with the tenants is usually for periods not less than five years and with a rent increment clause that ensures the owner gets incremental income from the property over the lease period. This is also capital intensive and requires a degree of expertise.

Now that you know where to start, you can have a look at our extensive property listing and have us start you on your way to making it big by investing in property in Kenya. Alternatively you can contact us here and we shall assist you.

30/11/2017

Finally our newest tenant; PRECISE BATH AND BODY PARLOUR is on board!

They deal with Bath and body works products like shower gels, lotions, body scrubs, scented candles, body creams, butters, Victoria Secret products and Mary kay.

Kindly visit their kiosk on ground floor of Nextgen Mall near Burger King and they will sort you out.

For similar spaces at the mall at affordable rental rates kindly call 0720750911 for enquires.

28/11/2017

We congratulate two of our tenants for being awarded Top 100 companies in Kenya 2017.



Congratulations;




Be part of the award winning team by renting one of our retail kiosks at Nextgen mall Mombasa road.

Call 0720750911 for more details

14/11/2017

Salute I World is also open at Nextgen Mall as well!

Visit their store for any apple product query.

Call 0720750911 to secure a similar kiosk space at the mall.

08/11/2017

https://house.jumia.co.ke/retail-kiosks-spaces-at-nextgen-mall-mombasa-road-194287-9.html?page=2&size=30&location_region=20&location_city=1512&location_area=3516&dir=desc

The Nextgen Mall is strategically located on the interchange of Mombasa Road and the Eastern bypass, only 5 Km from JKIA. Very accessible from Langata, the City Centre, Industrial Area and Mombasa Road. Right next to Eka Hotel & Ole Sereni, overlooking the Nairobi National Park. Features -Kiosks Spa...