An affordable paradise: Malindi

Malindi Baobab Development Group trip (photo credit Susan Wong 2011)

With the holiday season quickly approaching, family, friends and lovers are scrambling to find new ways to reinvent the usual Coastal get-a-way.

For most Nairobians, the first destination that probably comes to mind is…

Wife: “Honey, so where should we spend our vacation?”

Husband: “Mmm…ah…Mombasa of course…Dear…”

Sounds familiar?  Ok, so please don’t take it the wrong way – I am not bashing Mombasa.  Actually, Mombasa is one of those places, especially in Diani, where superior long white sandy beaches still reminds all of us how magical Kenya’ can really be.

Malindi Baobab Development Group trip (photo credit Susan Wong 2011) 26

Enter: Malindi

Malindi often conjures up visions of many Italians, superior seafood, luxury beach clubs and expensive real estate that are usually out of reach for most.  However, with the new fractional ownership concept, Baobab Development Group is making this paradise accessible to anyone who knows a good deal when they see one.

As you make your way to Baobab’s newest development, whether your choice of transport is by car, tuk-tuk, bicycle or foot, one cannot resist making a Malindi-Mombasa comparison – Malindi just has this calming energy that is absolutely contagious.  Remember those pull-out-your-hair Nairobi and Mombasa traffic jams?  Well in Malindi, if you even hear anyone hooting, it’s probably because they’re simply saying ‘hello!’

Now, once you reach the towering Mediterranean majestic wooden gates of Baobab’s newest property and you manage to get the ‘ok’ from the tight security detail, you’re welcomed by an incredible garden with a 600-year-old Baobab tree and a colossal mango tree.

The tranquil sound of leaves rustling with the rhythmic thuds of mangos falling, the warmth from Malindi’s sun rays, and the glistening reflections from the swimming pools will hypnotize you – you may just end up calling this place your second home.

 

Why the fuss about fractional ownership?

Baobab Development Group is revolutionizing Kenyan real estate through the introduction of fractional ownership.  Fractional ownership has been proven as a great way for holiday-goers to not only enjoy their luxurious holiday home, but also capitalize on it when they’re not physically there.

Too good to be true?  Not really when you consider the development is almost finished and 30% of the units have already been sold.  The best part is that Baobab is planning to implement 3 price increments, amounting to a whopping 45%.  Ultimately that means if you get in early and purchase now, your property is guaranteed to appreciate by 45% when the luxury property officially opens in a few months!  Yes I know, unbelievable right?

The property will be managed like a luxury hotel, and the Baobab team will take care of the upkeep of the property, the marketing of units when you’re not there, and provide you with your very own 24-hour concierge service.  Basically, you will never have to even lift a finger and you’ll enjoy profits according to your shares.

 

The perks

Other perks? The units are fully-furnished and will contain facilities such as kitchen ware, an electronic package and amenities such as access to not one, but five swimming pools; tennis courts; gym facilities; exclusive restaurants; luxury beach clubs and many more.

Make sure you’ve marked Malindi for your next holiday on your calendar.  And even better, make sure you go visit the chaps at Baobab to learn more about how you can start making money from your future holiday home, which will be a bankable asset and starts only from  Sh 2.5 million for a 99-year renewable lease.

 

Sights and Sounds of Malindi: Photo Credits Susan Wong ©All rights reserved.

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