Business
Among its accomplishments in the Real Estate industry, Buildnet has developed over 500 condominium apartment units in prime locations of Naalya, Najjera, Kira, among others.
The Capital Markets Authority (CMA) has given Buildnet greenlights to proceed with its media advertising content that had earlier been disputed by the Regulator.
This follows some amendments by Buildnet in the wordings of its advertising content that had earlier been published on various platforms.
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“We have noted that the proposed project taglines no longer include the wording previously identified to be in breach of the Capital Markets Authority Act Cap 64,” an excerpt from CMA’s CEO, Josephine Okui Ossiya read.
He added that Buildnet is instead calling potential buyers to own fully Furnished, fully Serviced and fully Managed Hotel Apartments in its Waterfront Hotel Apartments Munyonyo project that are available for sale.
“This first of its kind investment opportunity comes with Guaranteed Monthly Rental Income of up to $1,900 for the first three years. This means that the client will be getting such a fixed amount every month, regardless of the occupancy rate of his/her Apartment. This essentially translates to 8.5% of the client’s investment per year for the first 3years,” Dr Semaganda explained.
He added, “The property also appreciates at an estimated rate of 6% per year. Therefore, in 10 years the value of the property will have almost Doubled, i.e. it will be 200% of its original value. Considering the cash that the client will have recouped, almost 100% of his/her initial investment within this same time period, the result is that one will have realized almost 300% value in the 10 year-period,”
Dr Semaganda made these remarks at Buildnet’s head offices in Ntinda, at Ntinda Complex, in Kampala.
He emphasised that as opposed to the traditional model where clients are frustrated by long pay-back periods of over 20 years, the hassle to acquire and manage tenants, and maintenance of their apartments, this new investment model enables a client to recoup their investment in only about 11.5 years, moreover hassle free.
According to CMA’s letter, dated 29th November 2024, seen by this publication, among the advertising taglines for Waterfront Hotel Apartments Munyonyo project, for which CMA confirmed that they have no objection are:“Guaranteed Rental Income of up to 8.5% per year of your total investment.”
“Guaranteed Monthly Rental Income of up to USD……”, “Own a fully Furnished, fully Serviced and fully Managed Hotel Apartment.”, “Zero Hasle for your Rental Income.” In its nearly 15 years of existence, Buildnet has emerged as one of the leading Real Estate Development companies in Uganda.
Among its accomplishments in the Real Estate industry, Buildnet has developed over 500 condominium apartment units in prime locations of Naalya, Najjera, Kira, among others.
The projects sold off include: Najjera Heights, Olive Homes, Florida Apartments, Creekside Apartments, Raven Apartments, Dove Apartments, Pelican Villas and so on.
“This turnkey investment opportunity is designed to give the buyer the highest value possible, moreover hassle free,” Dr Semaganda remarked.
