Higher fuel levies and reduced revenue projections could translate into increased input costs, tighter margins for developers, and slower project rollouts, particularly in the affordable housing space. Dr Meshel Muzuva, the academic programme leader at the Management College of Southern Africa (MANCOSA) School of Business Excellence, said that the fact that baseline departmental budgets and critical...
One of the biggest decisions buyers face is whether to invest in a new development or opt for a secondhand home, when purchasing a property. Last month, the Absa Homeowner Sentiment Index, a barometer of consumer confidence across six key metrics in the country’s housing market, showed that consumer confidence in South African real estate soared to the highest level in a decade. South African...
The City of Cape Town has welcomed a property boost to Sea Point, which saw the launch of Mont Reve, a new mixed-use development that generated over R500 million in sales within 24 hours. Situated along Regent Road, the development is estimated to provide 130 000 jobs. This, while the residents' association said the development could exacerbate existing traffic congestion and infrastructure...
Following proposed plans to redevelop the Mother City’s Mowbray Golf Course (KDM), the organisation has responded to comments from various role players. This comes after the City of Cape Town recently proposed mixed-use affordable housing development on City-owned land currently used by the King David Mowbray Golf Course and Clyde Pinelands Association Football Club, saying it would release the...
Following proposed plans to redevelop the Mother City’s Mowbray Golf Course (KDM), the organisation has responded to comments from various role players. This comes after the City of Cape Town recently proposed mixed-use affordable housing development on City-owned land currently used by the King David Mowbray Golf Course and Clyde Pinelands Association Football Club, saying it would release the...
South Africa remains one of the most affordable countries in the world to build a home, offering exceptional value compared to many global property markets. For prospective homeowners and investors, this presents a unique opportunity to secure land and build in a new development without breaking the bank. Reece Daniel, developer of eco-focused estate Serenity Hills, said SA offers some of...
Housing activist organisation Ndifuna Ukwazi has warned the City of Cape Town not to use ‘affordable housing tokenism’ when redeveloping the Mowbray Golf Course. The City has proposed mixed-use affordable housing development on City-owned land currently used by the King David Mowbray Golf Course and Clyde Pinelands Association Football Club, saying it would release the 65.8-hectare piece of...
Estate living has become one of the most desirable property choices in Cape Town’s suburbs, offering a secure, community-driven lifestyle with access to modern conveniences. Whether you’re a family looking for space to grow, a professional seeking a lock-up-and-go lifestyle, or an investor searching for long-term value, estates provide a compelling mix of benefits. Why Estate Living? The appeal of...
The latest development to be unveiled at Steyn City, Heron Heights is an exciting and attractive rental option for people who have always been curious about making their home at this prestigious address. This rental only development has been designed with the young, modern family in mind. Comprising 52 two- and -three bedroomed apartments, Heron Heights stays true to the Steyn City ethos, offering an...
WITH billions of rand being invested in new property development and manufacturing plants on the KwaZulu-Natal north coast, estate agents are seeing increased interest in the residential property market. Investments in this region include the R2-billion Club Med South Africa beach resort development in Tinley Manor and the R20 billion expansion of the Sibaya precinct by Devmco – who have taken...
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