Kampala Property Market Archives – Page 2 of 2 – CEO East Africa

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Bank of Uganda’s move to limit loans exposure to real estate gets mixed reactions from sector players

Muhereza KyamuteteraThe Big StoryJune 8, 2020June 8, 2020

In a bid to limit over exposure to the real estate sector amidst what the central bank calls a potential “double-digit decline in real estate valuations” Bank of Uganda, last week, directed all lenders under its jurisdiction to limit their Loan to Value Ratio (LTV), for residential mortgages and loans for land purchase to a maximum 85 per cent. In a June 1st circular to CEOs of all Commercial Banks, Credit Institutions and Deposit-taking Institutions under the ambit of the regulator, Dr. Tumubweine Twinemanzi, BoU’s Executive Director, Supervision told the financial institutions that “current projections and market intelligence indicate that…

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Kampala’s shopping centres reopen as landlords and government agree on standard operating procedures

CEO ReporterCompany NewsJune 7, 2020June 8, 2020

Government and Kampala city landlords have reached an agreement on reopening their buildings subject to tough standard operating procedures, according to Trade and Industry Minister Amelia Kyambadde. This follows a closed door meeting between the ministry officials and city landlord representatives- Dr.Sudhir Ruparelia, Godfrey Kirumira, Hamis Kiggundu and Ssemambo Rashid. The meeting took place at the Ministry’s boardroom. Key on the agenda was the issue of unpaid rent arrears and how it would affect tenants ahead of the arcades and malls opening announced by President Museveni last week. Dr. Sudhir Ruparelia, the Ruparelia Group Chairman and Kampala’s biggest landlord, said…

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Supply surpluses, warehousing controls and fears over Landlord-Tenant Bill dampen Kampala property markets

Muhereza KyamuteteraCompany NewsJanuary 26, 2020January 26, 2020

Increased supply of properties, coupled with changing consumer preferences and statutory changes in the warehousing regime have had a knockdown effect on demand in Uganda’s property markets. Property owners have had to adjust pricing downwards while others have opted to play a “wait-and-see” game, the Knight Frank Uganda Kampala Market Update H2 2019. The report is based on a survey conducted in December by Knight Frank Uganda, a leading independent real estate consultancy that offers property valuation and consultancy; residential and commercial agency services as well as property management. According to the report, the last 12 months have seen an…

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TAGORE LIVING: Grab a piece of these 28 elegant Kampala City urban homes

Muhereza KyamuteteraCompany News The Big StoryNovember 2, 2019November 2, 2019

Ruparelia Group ventures into build-to-sell residential real estate with Tagore Living- a 28 urban homes project

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Numbers do not lie. Here is why you need to rethink your residential property investment strategy

Rajiv RupareliaThe Big Story Thought LeadershipMarch 26, 2017March 26, 2021

Last week, the Ruparelia Group, unveiled Bukoto Living, 9-floor condominium homes project—altogether, 27 homes in a 2-3-4- and 5-bedroom configuration, in Bukoto, Kampala. The affluent suburb of Bukoto and the surrounding Naguru, Ntinda is a mixed residential and commercial areas, with a large number of small businesses, NGOs, supermarkets, hospitals, schools and upscale shops. Bukoto Living itself is built just about 150 metres from the main Kira Road, placing the central business district within just 10-20 minutes. Bukoto Living comes on the heels of Tagore Living- another Group property, comprising of 28 modern homes, in Kamwokya-Kisementi, just a…

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