So someone explain to me, why would someone be selling a project that gives him 864m per year?

When you add the maths, it adds up, but in reality those apartments are empty! Just a few slots a rented as Air BnBs which is not sustainable!

True

People have problems by the way He maybe having a problem of 100B

So what will 8B help him?

@OmunyaRwampara1 when you sell soda at 1000 when you bought it 950 what will the 50shillings help you with

@KomugishaPeace You have to remember that it's always not just one soda They are always several crates

Sister these things are beyond your comprehension even if we explain with practical/tangible examples

Ok

Omusumbuyi yetabisse mu ba client 🤣

😂😂😂😂😂

To make profits , the best business is building and selling , Not Renting , Capital and Profits are achieved at a faster rate when selling than while Renting

Easier said! The loan was acquired based on assumption of full occupancy! Turns out the current occupancy is only at best 60%! The challenge is the loan servicing projected to be covered by the revenue from 70% occupancy! The math just doesn’t add up🥺. To avoid kla Shylocks,

Loans 😁😂

Ah

Money laundering. Steal govt money worth 10b. Can't bank it without reasons. Buy/build property and sell it. Your money automatically gets banks with legit sources/reason. It's called "cleaning dirty money"

Some people there work is to buy land construct apartments and sale them off at a profit of like 30 to 40 percent of the money they invested Buy another area do the same

Maybe Because running it is exhausting. Staff issues, regulations, risk, or burnout. Selling locks in wealth instantly. 864m per year sounds nice until taxes, stress, and liability eat it.

You'll not understand,perhaps take a short business courseyou can not learn anything on x

Things happen 😂

This is fishy honestly 😂🙌🏽

Cash now vs cash later. Maybe debt, divorce, health, or better opportunity. 864m yearly is great, but a huge lump sum today can fund something 10x bigger. Timing matters.

That's money laundering from corrupt government officials

U recall when bou lost some money 🏃‍♀️‍➡️😅

I can not really relate surely.

They are cleaning up their dirty money

Read up on washing, and not the kind with OMO. 😅

His a developer just

You can't even see any clothes hanging outside as proof of life here

very fishy

Honestly

He might see the peak. Markets shift, trends die. Better to sell high today than watch it drop next year. Take the bag, reinvest, and let someone else manage it.

Learn more about money laundering, u will answer questions like massive set up of stabex, texol petrol stations and more real estate businesses erupting

We have got people who take loans from bank like 5B they build something of that wen the loan period is soon expiring he sells it off he gets his small profit margines just assume he took a loan of 6b he built the house collected some money for a few months is now selling it off

Instead of using those billions to do importation people rush to construct houses n yet they want returns mangu mangu

When URA comes knocking, you will understand especially if your tax illiterate

Because when you see what is going on in south Africa, soon when foreigners leave uganda, this sector will collapse completely. All these investments will go to waste.

Now the blocker is advertising from a far distance from the property? Something is not adding up here😂

Real estate developer

It's simple he did not get it legitimately

They spend too much money on repairs, building fees, and taxes.

Reality is catching up with Kampala's overpriced real estate. The market is regulating itself."

Problems have levels. The same way we have 10m car problem is the same way he has $2.2m apartment problem. 🤷🏽‍♂️

It's a build and sell business he gets his profits there and then in the short run

These are AAA properties built by a one Amon. Sale must be a desperate effprt to dispose off whatever could worsen her current problems