RETIREMENT livingatitsbest

Geared Towards Buyers Over The Age Of

50, property purchases made between December 2021 and November 2022 in these areas, 34% of the buyer profile was over the age of 50. According to award-winning developers, DEVMCO, these insights fuelled the concept of Capri Village along with the demand by buyers for secure, pet-friendly homes and stands at attractive price points geared for buyers over the age of 50.

“The market response has been overwhelming since we first launched Capri Village – having captured the hearts of over 50s who dream of estate life by the beach. It’s due to the unprecedented sales experience in the first phase, that we were optimistic about the response to our launch of phase two of Capri Village in December, which included a further collection of freehold stands as well as 2, 3- and 4-bedroom sectional title homes being released. We also included several new unit types, including a 3-bedroom/3-bathroom, and a 4-bedroom/3-bathroom option,” says DEVMCO’s Development Director, Schalk Theunissen.

With the official public launch of Capri Village’s second phase having commenced in December at the original 2021 launch prices, Theunissen believes the opportunities available will be snapped up quickly.

“Capri Village offers homeowners a vibrant coastal lifestyle, one that embraces an active way of life, convenience, and a broad array of world-class amenities within the popular Salta Sibaya development. The initial collection was 40% sold within the first few days, and since launching phase two in December 2022, interest has been significant,” adds Pam Naidu, head of DEVMCO Realty who are responsible for the Salta Sibaya portfolio.

“We also know what a great investment opportunity the Capri Village offering is with recent studies by Lightstone showing that sectional title homes within a secure estate have achieved a 31% price premium over homes sold outside of estates. Further to that, the rental demand for homes in Salta Sibaya has exceeded expectations, which is another reason for investors to sit up and take interest in the Capri Village offering,” continued Naidu.

Residents of Capri Village will have access to all of Salta Sibaya’s features and facilities – including the Marine Walk Shopping Centre. Considered a second “clubhouse”, the shopping space features national visit www.saltasibaya.co.za/sales/capri/

Walk Shopping Centre retailers such as Woolworths, Spar, Dis-Chem, Mr Price, Milady’s, Mugg & Bean and Kauai. Local eateries include Casa Nostra, Tightline and Waxy O’Connors. The new shopping centre is built around the same philosophy of sustainability and environmental consciousness that’s woven throughout Salta Sibaya and that will resonate with the prospective buyers of Capri’s phase two offering.

Another key facility within Capri Village is its exclusive residents’ clubhouse comprising of an indoor heated pool, bowling green, bocce ball, library, bar and areas for entertaining. Here, a community of like-minded residents with a zest for life can relax and socialise within the convenience of the estate. Those who prefer to spend their leisure time outdoors will also be able to enjoy Salta Sibaya’s green parks and extensive nature trails, as well as six kilometres of pristine beaches surrounded by lush coastal forest nearby.

“Discreet and professional medical services and in-home care and catering services have also been factored in for those who need it – helping to complete the offering to the over 50s market,” adds Theunissen.

Stands and 2-, 3- and 4-bedroom residences at Capri Village are now available, with land being offered from R1,295-million and homes starting from R2,705-million.