The Developer's Digest, August - September 2017 Issue

KPDA PARTNERS PROFILE
KPDA FEATURE
TCPAK ACTIVITIES AND ENGAGEMENTS
Legislation Agenda
In the recent years, TCPAK members have
participated in the review of various Acts
and Bills of Parliament and engaged
committees of both the Senate and
National Assembly. Some of the Acts and
Bills reviewed include the Land Act, Land
Registration Act, Community Land Act
and the Physical Planning Bill 2015.
Policy and Guidelines
The Association and its members
have contributed in the review and
formulation of policy, regulations and
standards. Some of the policy and
regulation items include - county spatial/
urban land use planning oversight and
monitoring guidelines, national land use
policy, and national spatial plan.
National State Agencies
TCPAK has developed useful working
relationship with many national
government ministries, departments
and state agencies.
These agencies include the Ministry
of Lands and Physical Planning, the
State Department for Housing and
Urban Development, National Land
Commission, LAPSSET, Kenya Power,
KENGEN and the KWS.
Town and County Governments
The Association and its members are
spread in all counties in Kenya. As a
professional association of town and
county planners, the Association has
nurtured close working relationships
with county governments directly and
through the Council of Governors (COG).
Town and County Planning and
Development Conference
The new Kenya Constitution 2010 has
identified towns and counties as the
engine and focus of development. To this
end, TCPAK plays host to the annual Town
and County Planning and Development
conference, 8th to 10th November every
year.
This premier event attracts professionals,
national/county government officials,
private sector and the academia.
World Town Planning Day
The World Town Planning Day is marked
annually on 8th November. Globally, the
event is coordinated by the International
Society of City and Regional Planning
(ISOCARP, The Hague/Netherlands). As
members of ISOCARP, AAK Town Planners
Chapter and TCPAK have been hosting
this event here in Kenya since 2008.
Town Awards of Excellence
Town Awards of Excellence is a brain child
of TCPAK. This annual Award is given to
individuals, corporate and state agencies
in recognition of their efforts to making
towns and counties better places to live,
work and invest in.
UPCOMING EVENTS
THE ASSOCIATION INVITES ALL TO THE UPCOMING EVENTS LISTED BELOW:
ISOCARP Congress 24th – 27th October 2017
Portland Oregon, USA
The International Society of City and Regional Planners
(ISOCARP) 53rd Congress will be held over the period
24th – 27th October 2017, Portland Oregon, USA. TCPAK
Chairman is member of the congress committee and chair/
rapportuer for Track 1 on Infrastructure, Buildings and
ICT. For more information on this ISOCARP International
Congress, visit the ISOCARP official website at https://
isocarp.org/
Town and County Planning and Development
Conference 2017
The Town and County Planning and Development
Conference, 6th - 8th December 2017, will be held at the
Travellers Beach Hotel in Nyali, Mombasa. This event will
also mark the annual World Town Planning Day and Town
Awards of Excellence 2017. Registration for this 3-in-1
event is now open and further details can be obtained
from the TCPAK secretariat.
MEMBERSHIP AND CONTACT ADDRESS
Membership
TCPAK membership categories include - Fellow,
Corporate, Institutional, Graduate, Associate, Technician,
Student, Honorary, Visiting, and Firm.
Contact Address
The Association Secretariat address is as outlined below:
Physical Address:
Block 2, White Court, Galana Road, Kilimani, Nairobi
Email:
tcpakassociation@yahoo.com; info@tcpak.com;
Cell: (+254) 0725 028 572
Website: www.tcpak.com
THE STATE OF REAL ESTATE IN KENYA
Kenya’s real estate market like any other
in the world operates in cycles. Our cycles
tend to start after a general election and
end with the next general elections.
2017 will be an election year and the
slowdown in uptake, drop in prices and
the increasing number of vacancies is a
telltale sign that the market is adopting
a wait and see attitude.
Real estate however, continues to
remain one of the most sort after sectors
of investment in the Kenyan economy.
The simple reason behind this is
twofold. One of the main reasons is due
to its proven status as a safe investment
with little risks and guaranteed returns
given the ever appreciating value of
land. Second and most importantly, the
Kenyan population. A huge part of the
Kenyan population have an underlying
endeavour to one day own part of the
earth’s crust (land) in order to actualize
their ever existing ambition of land
ownership.
2017 has thus far been a very interesting
year. This is due to the fact that late last
year, the Cabinet Secretary in charge of
Land and Physical Planning had issued
a freeze in the renewal of leases and in
fact any dealings in land in several parts
of the country including Kajiado County
as a measure of moving in to curb fraud
that had become rampant perpetuated
on unexpecting land owners.
The ban brought a temporary state
of inactivity in terms of slowing down
investment in those affected areas. The
real estate sector thus experienced a
temporary drop in the overall amounts
spent by investors to acquire disposition
in land.
Come May of 2017, the Cabinet
Secretary reversed his temporary ban
on the renewal of leases and dealings
in land from the affected areas and
the sector once again became vibrant
with investment in land going back to
previous highs.
Whereas land ownership remains a vital
part of the real estate sector, various
other avenues exist as viable investment
opportunities in as far as real estate is
concerned. This include construction,
agency management, commercial and
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Kenya Property Developers Association... Development brings Development!
Kenya Property Developers Association... Development brings Development!
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