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{
    "id": 960833,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/960833/?format=api",
    "text_counter": 385,
    "type": "speech",
    "speaker_name": "Kilifi North, ODM",
    "speaker_title": "Hon. Owen Baya",
    "speaker": {
        "id": 13373,
        "legal_name": "Owen Yaa Baya",
        "slug": "owen-yaa-baya"
    },
    "content": "feet or 300 square feet. So, they are given what they never paid for. This Bill is coming at the right time. From an economics point of view, when we liberate this sector and we actually give out titles to the sectional properties or apartments, we will actually be developing the economy further because there will be the power to borrow and invest more. If I have a property and a title deed, I will be able to walk into a bank and get a loan. I will be in a position to invest more within the same economy. That way, there will be further development of the economy and the Gross Domestic Product (GDP) of this country will increase. Interestingly, a country like Kenya measures certain square kilometres. When this property starts going up and you start to offer title deeds as buildings go up, you are actually in a way increasing the square kilometres of the country. You talk about the volume of the country instead of just the surface. When you do that, what you are doing is expanding the jurisdiction of the country to invest in. The business jurisdiction of the country is expanded. When you do that, there will be bigger and better development of the economy, especially the real estate where there is faster development in this country. You realise that Kenya’s GDP will grow very fast. Why? This is because I own a property, say, on third floor and I can use the title deed to that property to get money from the bank and invest in the same economy. So, we are growing the width and lengths of this country and in doing that the country gets better. This Bill that we are debating will bring sanity in planning. You realise that the many small buildings that we had in Nairobi are being phased out and giving way to high-end apartments and buildings. That brings sanity in planning and we are going to see even lesser informal settlements. This is because people can buy units in the tall buildings and stay there. People would rather, say, on one-acre plot, put up one tall building as opposed to putting up, say, 20 buildings on it. With this law, we are going to regulate physical planning of this country and make it even more beautiful. I saw what Singapore has done. I think it is one of the countries that are planned well. They have a rule that you cannot just put up a single unit. You must put up one huge unit of, say, about 3,000 apartments and out of those; you will be able to sell some of the units. Singapore, you realise, is one of the countries with well-planned cities. It is because of the effort they have put in sectional properties. Hon. Temporary Deputy Speaker, this is a good thing for this country. One important element that I note in this Bill is the management of sectional properties. A lot of these properties that we have right now are being managed by owners who sold almost everything but they still want to make money through the management of those properties. The Sectional Properties Bill puts the management of the properties in the hands of the people who have bought them but not those who developed or sold the property. Therefore, people will have a say within the management of the property. If I own part of a property, I should be part of the committee that makes the decision. Today, the management teams or committees of these properties are people who do not know who the tenants are. A person owns part of the building but he is not part of the management. The open spaces and the other amenities of the building are managed by other people at an exorbitant fee. You realise sometimes that you are an owner of the apartment but the The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}