21 FEBRUARIE/22 FEBRUARIE
PAARL EAST DEVELOPMENT
Phase 2 to start at Stone River Valley The construction of Phase 2 of the Stone River Valley development in Paarl East is due to start on 4 March and is scheduled for completion in December 2013. According to Imvusa Homes, developers of the Stone River Valley development, Phase 1 of the development has already been sold out. Sales in phase 2 are also progressing well. A new feature of the development will be the creation of visitor parking facilities to alleviate traffic congestion within the development. Access to the development is controlled by booms which are operated by residents’ cellphones as well as security guards stationed at the guard house for non-residents. The front entrance will be completed by the end of April 2013 and the perimeter wall and electrical fence have been installed. A wireless intercom system has been installed and is operated using the residents existing Telkom landlines or cellular phones. Although the developer is still in the process of finalising all the security features, the crime rate within in the development is virtually zero. A committee representing the home owners has been elected by current residents and they are responsible for the day-to-day affairs within the development. At present Phase 1 of the development has 94% occupation, with the final few residents due to move in by the beginning of April 2013. A number of existing residents have already made home improvements and most of the homeowners are improving and maintaining their gardens well. There are three types of houses to choose from at present, each catering for different needs. Selling prices range from R549 000 (three bedrooms and a garage) to R659 900, which include all transfer and bond registration costs. The units are brick-built, have laminated flooring, ceramic tiles as well as aluminium windows and gutters. The developer envisages a further price increase later in the year and units at the current prices are becoming very limited. The developer has thus far built up a good track record with all the major banks, the local municipality as well as the National Homebuilders Registration Council (NH-
Some of the houses in the first phase of Stone River Valley, Paarl East BRC) which are the main institutions that regulate and monitor the entire building process. The concept of security, lifestyle and great value for money that the developer has incorporated into the Stone River Valley development, has successfully been achieved. Landscaping of common areas which include two
play parks and a walking path will be completed during the course of this year. The developer believes it will be very difficult for prospective home buyers to find any comparison in the current market place. Previous projects completed by Imvusa Homes of a similar nature to this development have
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already shown phenomenal growth in the resale value of those properties. To make an appointment for viewing or for any further enquiries, phone Niezaam on 083 447 8815 and Melvin on 076 904 2783 or the sales office on 021 872 8031. A show house can only be viewed by appointment.