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E-Newsletter March 2017

OVERALL SITE PROGRESS




ON THE SPOTLIGHT



On the spotlight

The Puzzle of Bank’s Interest Cap and Property Uptake

In this March edition, we revisit the hot potato case: capping of banks’ interest rate, a love-hate affair depending on which side of the aisle you are on. The controversial law, which pitted bankers on one hand and the public on the other was deemed to herald a new dawn in the financial sector. A renewed, spurred economic growth was envisioned in the short to medium term. Six months down the line, little seems to have come out of the law as far as uptake of properties is concerned. So what exactly is happening in the marketplace?

DIAMOND RESIDENCES UPDATES






» Have a look at the progress we have made on diamond villas

RUBY BEACH HOUSES UPDATES






» Have a look at the progress we have made on Ruby Beach Houses

EMERALD CONDOS UPDATES






» Have a look at the progress we have made on Emerald Condos

NEWS & EVENTS

Events

INTRODUCING OUR NEW WEBSITE HOMEPAGE DESIGN

It´s here! We are proud to announce the launch of our newly designed website homepage. The primary efforts of our redesign were focused on aethetics, simplifying our content and highlighting the outstanding experience of our holiday retreat in the making down in Kikambala, Kilifi. The new design allows for clear navigation and easy to read information. Explore our new homepage by clicking here







DEVELOPERS NOTE

The cost of finance remains key in unlocking the full potential of Kenya’s real estate. If any progress is to be made in uptake of property, the issue of interest rates should be addressed holistically. The stakeholders should work together to find a working model that ensures that each party benefits; banks get reasonable returns on loans disbursed and clients get affordable credit to finance their property acquisition ventures. We at Sultan Palace Development Ltd remain hopeful that a lasting solution will be found. So that in end, those looking forward to buying their first homes or second homes like our luxurious holiday homes can do so. For those who qualify for mortage finance under the current regime, feel free to contact our office on how you can get your luxurious seaside holiday home. Have a great month!


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