YES HOUSING COOPERATIVE SOCIETY PHASE II PROJECT

Road Infrastructure

Recreational Facilities

Why buy Phase II Plots along Isinya-Konza Bypass Proximity

to Upcoming Konza City, one of the pillars of Kenya Vision 2030 Land touches the Isinya-Konza Bypass making it ideal for Commercial & residential developments. The property is just next to an upcoming executive hotel. With the population growth also high, there will be housing demands for areas closer to major towns. Multiple roads for access, via Mombasa road and Namanga road. Ongoing development of the Isinya-Konza By-pass. This is earmarked for tarmac

Why buy Phase II Plots along Isinya-Konza Bypass Cont…. The

land is at the junction of the inter-change for the OlToronto road, joining the Isinya-Konza by-pass. The land is sold at cheaper prices compared to market prices. YES housing has engaged professional services for Legal ,Planning, Survey & Subdivision services. Hassle free Investment at no additional costs: YES Housing will process title deeds on behalf of the members. Proximity to Railway station. Land is currently fenced. Electricity & Water within the vicinity.

Members Price –Options  

Cash Price -:Ksh. 250,000 for a 1/8 and Ksh. 450,000 for ¼ Cash Installments Option -: (5 Installments) Ksh. 260,000 for 1/8 and Ksh. 460,000 for ¼.

Non Members Price –Options  

Cash Price -:Ksh. 300,000 for a 1/8 and Ksh. 500,000 for ¼ Installments Option -: (5 Installments) Ksh. 300,000 for 1/8 and Ksh. 500,000 for ¼.

Members price will be Kshs. 260,000 for 1/8th and Kshs. 460,000 for ¼, to be repaid in 5 monthly installments of Kshs 52,000 for 1/8 and Kshs. 92,000 for ¼, Deposits of Kshs 52,000 for an 1/8 and KShs 92,000 for ¼ should be remitted by end of August 2013 to book plot

1/8 acre

1/4 acre

AUG -13

52,000

92,000

SEPT-13

52,000

92,000

OCT-13

52,000

92,000

NOV-13

52,000

92,000

DEC-13

52,000

92,000

TOTAL

260,000

460,000

MONTHS

Non Members are also eligible to buy the plots and shall pay Kshs 300,000 for 1/8th and 500,000 for 1/4 Acre, this can be repaid in 5 monthly installments of Kshs 60,000 for 1/8 and Kshs. 100,000 for ¼, Deposits of Kshs 60,000 for an 1/8 and KShs 100,000 for ¼ should be remitted by end of August 2013 to book plot MONTHS

1/8 acre

1/4 acre

AUG-13

60,000

100,000

SEPT-13

60,000

100,000

OCT-13

60,000

100,000

NOV-13

60,000

100,000

DEC-13

60,000

100,000

TOTAL

300,000

500,000

Ricky Mbogo Office Tel: 0732 555 745 [email protected] Catherine Machira / Warren Sule Office Tel: 0734 110027/28 Email:[email protected] Yes Housing Co-operative Society Ltd Parkside Towers, Mombasa Road 3RD FLR

Name: Yes Housing Co-operative Society Ltd Bank: Commercial Bank of Kenya Branch: Parkside Bank Account: 6969480013

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Q.

Is there a difference between Yes Sacco and Yes Housing Co-operative Society?

A. Yes, there is a difference between the two. Yes Housing Co-operative Society was incorporated to operate as an investment vehicle for its members Q. Am I automatically a member of Yes Housing Co-operative Society by the virtue of being a member of Yes Sacco? A.

No, one has to register with Yes Housing Co-operative Society in order to become a member.

Q. I am currently not a member of Yes Housing Co-operative Society, can I join and benefit from the members offer for the Isinya Konza land A. Yes, the membership registration is currently ongoing, thus you can join and benefit from the members offer. Q.

How do I join Yes Housing Co-operative Society?

A. You need the following to join Yes Housing Co-operative Society: Register as a member by filling the attached registration form You must be over 18-years of age You must provide 2 Passport size photos You must provide a copy of ID Initial non-refundable, but transferrable share capital of Kshs.15,000/= (Fifteen thousand) Registration Fee (is a non-refundable amount of KShs.1,000/= (one thousand) Minimum Monthly contribution Kshs.2,000/= (Monthly Check-off through Payroll can be arranged through HR – kindly indicate that option in the application form, or pay directly to the Yes Housing Co-operative Society’s account, that will be provided to you.)

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Q. Are there any benefits in contributing more than the Kshs.2,000/= minimum monthly contributions? A. Yes, there is an advantage of having greater savings, in case of a land sale, and your savings are enough to purchase, this can be sufficient for the purchase without bringing in more cash

Q

Why the land sold cheaper to members than non-members?

A YES housing objective is to provide affordable housing opportunities to the members by pooling of resources. Non-members can join before buying the land to enjoy the cheaper rates provided you belong to the following companies: Airtel Kenya/Africa, Centum, IBM, NSN, KDN, SPANCO, SHEER LOGIC ,COMVIVA, EX-MEMBERS, SPOUSES and other Airtel affiliates and companies that could be welcomed to join the common bond at an AGM

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Q.

Is the land Lease hold or free hold?

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A

Free hold, NO annual fees will payable to the government once you purchase the land

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Q.

When is the Isinya Konza project deposit expected?

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A

Deposit is payable in August 2013 and thereafter equal installments until December 2013

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Q.

Will I be required to pay additional monies to get the title in my Name?

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A No, YES housing has made it hassle free and will facilitate processing of the titles at no additional costs above the buying price.

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Q.

When will I get my title deed?

A After the members’ complete payment of the last installment in December 2013, Subdivision will be done and title processing will commence. Titles should be ready on or before February 2014. Q.

What has been done to ensure the land is genuine?

A YES housing has engaged professional conveyance services from the advocate who have conducted the due diligence to ensure the land is genuine and has the correct ownership. The Advocate has also undertaken site visit to verify the mutations tally with the land beacons. Q.

Is buying through YES housing advantageous than buying through other property companies?

A In most cases, it will be cheaper to buy through YES housing as most costs are shared by many members. The profit margin also will be small in most cases compared to buying through other companies. For example, Members who bought YES housing phase 1 @ KES 390,000 have benefited as the current prices are averaging at KES 650,000.

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Q.

How is the land allocation done?

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A

Through a balloting process

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Q.

What happens if I pay and want to cancel my purchase?

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A

You will lose 10% of the buying price. The refund will be done after 90 days.

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Q.

What all is required for me to buy the plot?

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A Fill in the land offer forms, provide 3 passport photo sizes, Copy of ID, Copy of Pin, Pay the monies in to the YES HOUSING COOPERATIVE SOCIETY A/C ,Bank A/C -6969480013 –Bank: Commercial Bank of Africa, Branch: Parkside