Real Estate November 2016 ( Issue 37 ) by REAL|life

REAL

ESTATE ISSUE 38 â&#x20AC;¢ NOVEMBER 2016

SPECIAL REPORT WHAT YOU NEED TO KNOW ABOUT BUYING A DEVELOPMENT OFF PLAN

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Idyllic country architecture | The new neutrals | The investment power of antiques

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WE BUILD LUXURIOUS HOMES

IN THE SKY

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ESTATE

REAL

ED’S LETTER

LOVE

YOUR

HOME

LIVE

THE

LIFESTYLE

PUBLISHED BY THE CREATIVE GROUP FOR TIMES MEDIA PROPERTY PUBLISHING HEAD OFFICE Old Castle Brewery, 6 Beach Road, Woodstock, Cape Town, 7925 www.realestatemagazine.co.za 087 828 0423 021 447 7130

EDITORIAL TEAM EDITOR Michelle Snaddon michelle.snaddon@thecreativegroup.info

GREG COX Originally from Durban, where he studied photography, Greg Cox has now made Cape Town his home. He has photographed some of the country’s most creative spaces, including this month’s architectural home in Elgin (page 16). Greg is inspired daily by his natural surroundings and the landscape of Africa, but he also has an uncanny eye for detail. He believes that, in the everyday whirl of modern life, we forget what is really going on around us. ‘We need to take a step back, breathe and have a good look!’ It’s that clarity of focus that pulls together this story so beautifully.

PAUL MRKUSIC Paul, with his training as an architect and passion for all the visual arts, has been instrumental in injecting SAADA with new life. As the organisation’s CEO and a dealer in his own right (he also owns Bancroft, which specialises in silverware, vintage jewellery and curiosities, among many other collectables) he’s determined to bring the world of antiques and art to a new audience and make them accessible and livable. He delved into the ins and outs of investing in antiques in this month’s luxury feature (page 25).

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NOVEMBER 2016

DEPUTY EDITOR Julia Freemantle COPY EDITOR Kirsty Wilkins ONLINE EDITOR Andy Möller ACCOUNTS AND FINANCE Katrien Janse van Vuuren PRINTING Paarl Media

Love the environment! Please recycle this copy of REAL ESTATE after you have read it.

ADVERTISING SALES MICHÈLE JONES Sales and Marketing Manager michele.jones@thecreativegroup.info 084 246 8105 SUSAN ERWEE (DEVELOPERS) Key Account Manager susan.erwee@thecreativegroup.info 083 556 9848 YVONNE BOTHA Key Account Manager yvonne.botha@thecreativegroup.info 082 563 6685 JIMMY BALSARAS (PROPERTY) jimmy.balsaras@thecreativegroup.info 083 387 2227 TONY TANDI Sales Consultant tony.tandi@thecreativegroup.info 073 380 6110 ADVERTISING BOOKINGS AND SUBMISSIONS Jackie Maritz Advertising Coordinator jackie.maritz@thecreativegroup.info 078 133 5211

COVER IMAGE Greg Cox/Bureaux PHOTOGRAPHS Lar Photography, Greg Cox and Karl Rogers

find that not a day goes by without being inspired by talented South Africans who have found their niche and continue to celebrate our quintessentially unique design and architectural style. I also head for the country because a weekend out of the city never fails to restore and balance, which is why I am smitten with our architectural house of the month and could easily follow in architect Marcus Smit’s footsteps. An ardent Le Corbusier fan, he built his modernist oasis in leafy Grabouw (above right), an hour out of Cape Town. Take a look on page 16: it’s the corrugated metal roofing and slasto that resonates with me – I’m not sure why because, unlike Marcus, I really couldn’t bear slasto as a child. It seems I’ve come full circle, though. Nostalgia, perhaps? By contrast, architect and designer Shaun Gaylard’s apartment on page 38 (above left) is a masterful exercise in small space living. Chosen for its location in a beautifully lush and treed garden in the heart of Joburg, he’s converted a traditional apartment space into a calm urban oasis with his contemporary, slightly quirky style. On page 25, our luxury feature focuses on investing in covetable antiques and why the trend is drawing a new breed of collectors who are adept at sourcing pieces they can enjoy while appreciating beautifully. If you’re a potential investor and missed The South African Antiques, Art and Design Association (SAADA) in Joburg last month, the next one is in Cape Town from 17 to 19 February 2017. But, if you prefer to wear your investment, collectors of limited-edition luxury watches (including pre-owned timepieces) will also be thrilled to discover that The Vault has just opened a bigger but equally discreet store in Melrose Arch. Expect sleek black marble floors and a new VIP room where you can take your time choosing your next acquisition. Every investment carries an element of risk but if you’re smart, buying a property development off plan is one that can yield generous returns. Read our special report Michelle Snaddon on page 53 and make sure you’re in the know. Editor, REAL ESTATE

ART DIRECTOR Leah de Jager

DISCLAIMER The publisher of this magazine gives no warranties, guarantees or assurances and makes no representation regarding any goods or services advertised within this edition. © The Advertising Joint Venture. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from the publisher. The publishers are not responsible for any unsolicited material.

THE CREATIVE GROUP CEO Shaun Minnie shaun.minnie@thecreativegroup.info

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CONTENTS

N OV E M B E R 2016 12 WORD ON THE STREET 15 CAR REVIEW

Volkswagen has created a near-perfect compact SUV in the form of its new Tiguan

16 INSIDE OUT

While architect Marcus Smit’s home in Grabouw was initially a point of debate, the industrial, white-steel structure has now been embraced

25 SOMETHING OLD, SOMETHING NEW

Collecting antiques, while driven by passion, is also a savvy way to invest in something you can enjoy

31 NEUTRALS BY NUMBERS

Whether you are drawn to pretty pinks-based neutrals or architectural blueblacks, discover how to use neutrals to their full colour-enhancing potential

38 DESIGN FOR LIFE

PHOTOGRAPHS Karl Rogers, supplied

Blank Ink Design is a channel for architect Shaun Gaylard to express his creativity

43 MARKETPLACE

The property news you need to know now

53 OFF PLAN: RISK OR REWARD?

hen it comes to buying a new off plan sectional title unit there are numerous advantages – but it’s worth doing your research

59 NORBET SASSE

The CEO of Growthpoint Properties talks awards and investing in Africa

60 DREAM HOME

Wake up in a luxury Dubai penthouse on Palm Jumeirah with this property overlooking the city skyline

38 08

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WORD ON THE STREET

THINGS TO SEE, TRENDS TO SPOT AND PLACES TO BE

THE LITTLE THINGS TEXT Julia Freemantle PHOTOGRAPHS Micky Hoyle, Julia Freemantle, Ulrich Knoblauch, Victor Sguassero

Built in 1909, turned into a hotel in 2011 (Robertson’s only five-star establishment) and now recently and lovingly revamped, The Robertson Small Hotel was handed over creatively by owner Tim Rands to his daughter Abigail. Together with Studio Ashby of London, her change-up of the hotel’s identity has included enlisting the best and brightest of the young South African design scene. This includes Alexis Barrell (textiles), SMITH Studio (artwork), Michael Chandler (the bar’s blue-and-white tiles) and House of Gozdawa (a signature house scent) to developing a new menu and even including a house blend by Terbodore. Every detail has been beautifully thought through – down to custom-designed robes and the Small Guide of the area, available to all guests, that details must-visit destinations to make your stay as special as possible. therobertsonsmallhotel.com

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WORD ON THE STREET

BUSH & BEACH

Hot Mess

Casual, communal and eclectic were the aims for owner and food technologist Carlene de Gouveia for her new Green Point venture The Mess. Headed up by chef Luke Wonnacott, the small but varied menu celebrates cuisine from all over the world in a convivial, family-style environment. themess.co.za

The new direct transfer option with SilverCross Helicopters between Cape Town and Morukuru’s secluded Ocean House offers one of the world’s most spectacular whale-watching experiences in season. Guests can enjoy a few blissful days of beach at this exclusive-use, off-the-grid villa on the unspoilt coastline of De Hoop Nature Reserve before heading to the intimate and private Morukuru Farm House in Madikwe (below left) for an unforgettable safari experience. morukuru.com, silvercross.co.za

Natural evolution

Cracking good time

Capetonians will remember Birds Café on Bree Street – one of the first foodie spots on a strip where you’re now spoilt for choice. In this same space you’ll find Mink & Trout Wine Bar and Bistro, named after the two owners and the same couple who ran Birds. The rebranded eatery serves a concise but well-rounded list of seasonal dishes with a local slant, with chic interiors by Attik Design that are elegant yet contemporary. 021 426 2534

To celebrate the season this year, Moët & Chandon has brought out the ultimate party favours – a mini 200ml bottle of bubbly within cracker packaging and which comes with the prerequisite confetti and crown. Doubling as table decoration and individual drinks, these stylish little stocking fillers will make you the toast of the social circuit. Crackers come packaged in a beautiful box of 12 and are available from leading liquor merchants nationwide while stock lasts. From R2 999 per set. moet.com

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WORD ON THE STREET

Grass roots

The Raffia and Madagascar wallcovering collection from élitis celebrates the luxury that lies in materials experienced in their natural state. Offering texture and depth by way of woven texture, they can look both polished and rustic depending on the execution. We’re especially enamoured with the palm-patterned Cuba Libre design – a breath of fresh tropical air. Available through St Leger & Viney. Also visit their new showroom at 324 Florida Road in Morningside, where you’ll find their latest spring collections, Unlimited and Stylish Stripes. stleger.co.za

GREENHOUSE EFFECT Effortless summer style was the goal for Poetry’s spring/summer 2017 ranges. Inspired by a greenhouse in full bloom and the architectural forms of tropical foliage, the collection highlights natural colours and textures, leafy prints and easy, timeless shapes to take you through the hot months and beyond. There are formal items too, featuring lace and embroidery as well as a variety of fashion-forward footwear (look out for the espadrilles) and on-trend accessories. poetrystores.co.za

Labour of love

Built over a few decades, The Gables is a bit of an anomaly in the Joburg suburb of Sandhurst, a painstakingly built homage to Cape Dutch architecture. It’s now being run by the owner’s daughter Jessica Gordon as a showcase for The Cape Workshop (the family’s range of wooden furniture made in the Eastern Cape) and a collection of local craft and artisanal products – sculpture, mohair, furniture and ceramics, including pieces by Imiso. There is also a coffee shop on the premises from which you can enjoy the stunning garden. thegables-sandton.com

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SH CO AW R NHEOW US SE

SENSIBLE TRUST VOLKSWAGEN TO TAKE BUT TWO GENERATIONS TO CREATE A NEAR-PERFECT COMPACT SUV TEXT Terence Steenkamp PHOTOGRAPHS Supplied

t was inevitable that the new Tiguan would be a great vehicle – Volkswagen doesn’t mess up its bread-and-butter models. Doing so would directly and catastrophically affect its bottom line. That’s why the Golf and Polo, placed second and seventh respectively on the list of top-selling cars globally in 2015, are leaders in their class. The outgoing Tiguan wasn’t far behind in the popularity stakes. In eight years, 2.8 million rolled off dealer floors worldwide, of which 19 000 were snapped up in South Africa. That it’s one of our most beloved soft-roaders is indisputable. The new one, then, had better be good. No, great. And it is – quite astonishingly so. Built on VW’s flexible MQB platform that also hides underneath that ubiquitous Golf, the new Tiguan is longer and wider than before, which is advantageous for interior space. It’s also lower, which aids the aesthetics. It looks hunkered down, resolved, confident in its adoption of VW’s newest visual language under design chief Klaus Bischoff. The news is equally good inside. Credit goes firstly to the longer wheelbase, which frees up space for legs in the rear, where the bench can also slide 180mm to toggle between maximum room for three adults

or a massive boot. And it truly is massive for its class – up 145 litres more than the Tiguan v1.0. But the real triumph lies up front. From the richness of the materials and textures that shame those of some supposedly more premium vehicles to the ease of use offered by the integrated infotainment system to the supportive seats and clear sightlines to the front, sides and rear, the Tiguan is a masterclass in functional design. Start up one of the 1.4-litre turbopetrol engines coupled to either a manual gearbox or dual-clutch automatic transmission (diesels will follow before year-end) and the vehicle stamps its superiority. Refinement is top-notch and the ride excellent across a plethora of road surfaces. It feels like there’s more than one model cycle between versions one and two, such is the advancements effected by Volkswagen’s engineering and design departments. There’s one potential snag, though, and it’s become a familiar one in 2016: pricing. The least-expensive Tiguan costs R378 000 and the range’s pricing sharply escalates from there. However, if the new version falls within your budget, rest easy in the knowledge that you’ve bought one of the market’s best – if not the best – compact SUVs. vw.co.za

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In the winter months, you will find architect Marcus Smit in the lounge, relaxing on the built-in bench in front of the fireplace. The sculpture is by a dear friend, the late ceramicist Nicolene Swanepoel

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ARCHITECTURAL HOUSE

OUT

INSIDE

LOCATED IN A FOREST-LIKE LANDSCAPE IN THE SMALL VILLAGE OF GRABOUW, THIS ARCHITECT’S HOME HAS A SEAMLESS FLOW BETWEEN INTERIOR AND EXTERIOR

TEXT Mia Roux/bureaux.co.za PHOTOGRAPHS Greg Cox/bureaux.co.za

rchitect Marcus Smit says, ‘My house is like a train station; people are forever popping in and out’. However, when his white steel structure started taking shape in the small Overberg village of Grabouw, an hour’s drive from Cape Town, many residents were appalled at the modern industrial building in their neighbourhood. ‘Most houses here are typical country homes, sometimes a barn style or thatched, and often timber,’ Marcus explains. ‘However, over the past decade people have got to know the house and have accepted it. Today it is almost completely sheltered by the garden and hardly visible from the street.’ Marcus designed his 225m2 modernist home as a pavilion set back on the 0.5ha site. The narrow 50m-long structure forms an impressive backdrop to the lush garden especially when viewed across the reflection pond or the dogs’ swimming pool, as Marcus often refers to it. He shares his home with two schnauzers, Luka and Flicka, and the greyhound cross, Kiku. His father, Ben, has his own studio space on the property with a separate entrance. Apart rom the generous si e o the site great or gardening and peace’ and the quiet neighbourhood, it was the forest-like setting and its vast number of tall trees that sealed the deal. ‘It’s so quiet here; if I had to complain about noise it would have to be about the frogs’ nocturnal croaking,’ Marcus laughs. ‘When I bought the site, there were mainly alien species such as pine and bluegum trees growing here. I managed to keep most of them during construction but I also planted a variety of indigenous species. I love the fact that my garden is wild rather than manicured. It is home to chameleons, insects, birds, frogs, bats and even the odd harmless snake. It self-sows; I stopped planting long ago. Nowadays, I just pull out plants and give them to friends.’ The natural landscape softens the rigid graphic lines of the steel structure, which is punctuated by tactile building materials such as concrete, bagged brickwork and corrugated iron. ‘I’m an avid Le Corbusier disciple. If I could have afforded it all the wet work would have been off shutter concrete a la Corb ’ Marcus trails off.

As an architect who is trained in modernist design, Marcus is partial to furniture of the Bauhaus era, along with an uncluttered, functional interior space. ‘With so many built-in units in the house, I needed only a few pieces of freestanding urniture and all o them are used. I can’t choose a avourite piece but I do find the Wassily chairs comfortable. I also love the combination of simple pine chairs with the steel-framed dining table in the kitchen.’ The lasto flooring is a childhood re erence. I grew up in a house with black lasto floors. It’s a warm earthy extension o the garden into the house. The brown hues show less dust and dirt when the dogs come running in straight from the pond, covered in mud.’ Colour is limited to olive-green accent walls and Marcus’ art and ceramics collection. ‘My love of ceramics and African art comes from my mother, who was a potter. My siblings and I practically grew up in her studio and were creative with clay from early childhood,’ he reminisces. The open-plan interior layout suits Marcus’ sociable lifestyle. In summer, the house lends itself to easy alfresco entertaining. The entire living area opens up onto the outdoor entertainment area with a bar counter along the kitchen window, a 10-seater table and a built-in braai. There are three guest bedrooms two on the me anine levels on either side of the living areas and another one on the ground level behind the kitchen. ‘The house can sleep 10 people so I always have space for friends who want to get out of the city, often for mountain biking in our valley. That said, it’s great to be alone here. That’s when I en oy my other hobbies painting reading and pottering in the garden. The scale is more intimate and personal compared with its initial appearance, yet it’s spacious and varied enough for entertaining large numbers of people.’ So what was it like to have himself as the client? ‘I was impossible! I had far too many ideas; I took too long with my design and of course I blew the budget. If I could rebuild the house now, it would be even more graphic and sleek. The older I get, the more I aspire to simplicity and a reduction of the design. But realistically, from a planning point of view, the house is perfect for me. As time goes by, I love it more and more.’ marcussmit.co.za

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ARCHITECTURAL HOUSE

CLOCKWISE FROM TOP LEFT In the lounge, the television is cleverly concealed by a black background in the shelf unit. A ceramic collection includes pieces from architect Marcus Smit’s mother and the Kalahari region, as well as traditional Zulu and Venda pots he collected over the years. The sunken floor separates the seating area from the circulation space that leads to the bedrooms and makes it more intimate. A steel staircase leads to the mezzanine level with a home office and a guest room, while the master bedroom is down the passage; an early 20th-century Linnware bowl with tamarillos (tree tomatoes) from the garden; a keen cook and entertainer, Marcus designed his outdoor entertainment area on the sunny northern facade, conveniently close to the kitchen’s stacking windows; the white leather sofa on the veranda is Marcus’ favourite spot for Sunday afternoon naps with his dogs, especially after a long cycle in the mountains. Ceramicist Nicolene Swanepoel crafted the three ceramic cow heads OPPOSITE A sunken floor defines the lounge, which is open-plan to the kitchen. A large Woods Ware crockery collection creates a striking focal point: ‘about 15 years ago, I stumbled upon a small set of 14 pieces at an antique shop, the start of my collection,’ Marcus explains. He designed the large dining table with an African mahogany top as a centrepiece to match the steel structure of the house. The pendants above the table are 1970s track lights salvaged from a renovation project. The Eric Duplan painting above the prep bowl is a favourite piece, with the splashback tiles chosen to match

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ARCHITECTURAL HOUSE

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The reflection pond, a modernist feature, attracts many birds, insects and frogs. ‘It was almost unintentional – there was a hole right here on the site,’ architect Marcus Smit says. ‘Its setting in the garden turned out to be special, as the garden developed around the pond. The two schnauzers absolutely love it’ RIGHT FROM TOP The forest-like setting softens the stark lines of the steel structure, along with the Slasto flooring that continues from the outdoor entertainment areas into the interior. The house is north-facing: in winter, when the sun is low, the interior is flooded with sunlight and in summer, the roof overhangs keep the sun out. No mechanical cooling is required as the trees provide shelter from the harsh western afternoon sun and excellent cross ventilation keeps the interior naturally cool; Marcus’ collection of potted succulents and cacti; one of Marcus’ favourite artworks, Sit en Staan (translated as Sit and Stand) by sculptor Angus Taylor can be seen from the living areas and veranda

IN SUMMER, THE HOUSE LENDS ITSELF TO EASY ALFRESCO ENTERTAINING

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‘MY LOVE OF CERAMICS AND AFRICAN ART COMES FROM MY MOTHER, WHO WAS A POTTER’ MARCUS SMIT

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ARCHITECTURAL HOUSE

CLOCKWISE FROM TOP LEFT Both bathrooms have built-in vanity units along the black spine wall. This one belongs to the master bedroom; the guest bathroom, also along the spine wall, is adorned with African masks; in the guest bedroom on the mezzanine level, the window follows the slope of the roof. ‘I created a straight line in my design but an architect friend suggested I make the line perpendicular to the roof slope. It worked beautifully. The shape is much more dynamic,’ Marcus explains. The throw is from Weylandts (weylandts.co.za) and the cushions from Skinny laMinx (skinnylaminx. com); the master bathroom has an indoor-outdoor feel. A urinal in the courtyard is a tongue-in-cheek reference to a home designed for two men. ‘And it saves water,’ Marcus adds OPPOSITE In the almost utilitarian master bedroom, a small shuttered window opening provides ventilation, while the large north-facing window inspired by Mexican architect Luis Barragán frames the garden view. Accessories are limited to oversized scatter cushions from Nap Living (napliving.co.za), a Skinny laMinx scatter cushion and an ochre throw from LIM (lim.co.za)

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LUXURY TREND

SOMETHING OLD ANTIQUES, WHEN CHOSEN WELL, ARE A SOUND VESSEL FOR INVESTMENT â&#x20AC;&#x201C; ONE THAT SIMULTANEOUSLY PROVIDES PLEASURE TEXT Paul Mrkusic PHOTOGRAPHS Supplied

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LUXURY TREND

‘THE MOST SUCCESSFUL INVESTORS ARE THE ONES WHO ARE NOT AFRAID TO TAKE CHANCES AND BE BOLD’ LYNN GRANT, OWNER OF TAKE IT FOR GRANTED

NOVEMBER 2016

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LUXURY TREND

he word anti ues may con ure up images o stuffy armchairs ill-suited to a sophisticated urban setting. But consider that the modernist design movement – with its less-is-more doctrine – is at least 100 years old. That means the iconic Eames chromed metal chair with moulded plywood seat is possibly as much of an antique as a walnut Biedermeier secretaire. Antiques are not limited to furniture, either. Artworks, clocks, cameras, coins, jewellery, ceramics, clothing, books, toys: these can all fall under the same category. But are they relevant in today’s lifestyle? ‘Apart from the cultural worth attached to older artefacts, which translates into monetary worth, antiques are something to have fun with – investments that you can actually enjoy,’ says Lynn Grant, owner of Take It For Granted. Lynn works specifically with fine English oak and country urniture and her Parkhurst shop has a definite aesthetic albeit with a contemporary edge. ‘The most successful investors, however, are the ones who are not afraid to take chances and be bold those who dare to be different ’ ynn continues. They do not collect according to a prescribed style or period but instead are guided by their instincts. They develop their passion by collecting individual pieces that are outstanding in their own right and are thus valuable.’ They also ollow different avenues of interest, mixing older items with newer ones in ways that contrast with

and highlight various qualities. The results are personal interiors that are beyond ashion: they are eclectic and engaging filled with a diverse mix o treasures. Each space becomes an extension of the personality of the person who created it. This is where the modernity and relevance lies. Selecting pieces can be a challenging task. ‘Buy the best and oldest object you can and try or a first edition piece ’ advises eremy du Mughn ormer chairman and current member of the South African Antique, Art and Design Association AA A and owner o eremy tephen Anti ues in Parktown orth. He adds, however, that age on its own is not a guarantee of desirability. ‘The 20th century designer pieces I deal in are not valuable by virtue of their age alone. Quality and association with a known designer are important to determine value,’ he explains. Antique dealers are a key element to building your own collection. The best are those who are knowledgeable and honest about their particular field and they inevitably have the best stock, too. Recognised associations are always a reliable choice. The two annual AA A airs ohannesburg in ctober and Cape Town in February – are excellent forums for potential investors to be guided in terms of their knowledge and collections. Riaan Bolt, a SAADA member, agrees: ‘It is possible to do well by following trends and trying to identify the next big thing. But successful investors in antiques and

A theatrical montage is set, with a vintage timber bucket paired with an antique Persian rug, which is artfully draped over a stately late 19th-century workbench. Completing the scene is an Edwardian pair of mounted deer horns and an early embroidered crest of arms; making a bold statement in any contemporary home, this imposing collection of three late 19th-century tole – or tin – grape-picking vandaugh baskets hang above a rare antique English dairy table with a sycamore surface on oak legs. A collection of 19th-century tole wine jugs and measures, and wine bottles also feature OPPOSITE This ensemble of vintage items includes a handsome late 17th-century English walnut carver comfortably placed alongside a 1960s rosewood desk by Danish designer Finn Juhl (finnjuhl.com), dressed with a mid-century glass Signoretti (signoretti.it) figure, Seguso (seguso.com) vase and a Guzzini (fratelliguzzini.com) lamp. The contemporary painting is by Menashe Kadishman

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LUXURY TREND

vintage items are more likely to be individuals who break the conventional mould and follow their hearts. They are also people who recognise that investing in such collector’s pieces is a long-term commitment. The four elements that make for a good choice in any field are always the same: uality rarity condition and provenance. The early Cape furniture pieces I deal in are exceptional not because they are in vogue right now and fit well in contemporary outh A rican homes which they incidentally are and do but because they ulfil those uncompromising tenets.’ It sounds like an almost guaranteed success if one is willing to wait, buying and selling at the right times. But how do politics and economic climates impact on investing in antiques? ‘In some respects, antiques can be somewhat immune to the immediate political and economic climates,’ says Peter Mrkusic, part owner of the new online Bancroft Antiques shopping platform. ‘Unless the value of an item is deeply rooted in a particular environment – such as an artwork by an emerging South African artist – an antique can have global appreciation and thus work as a form of international currency.’ Peter, a dealer for many years who specialises in vintage jewellery, has good insight on this subject. ‘Quite apart from the four principles mentioned by Riaan that would give gold and silver vintage jewellery their value, these pieces are also made up of precious metals and gemstones (gold, silver, diamonds), which have their own intrinsic value. Even on this level, vintage jewellery has to make for a sound

investment anywhere on the planet and one that the owner can get much enjoyment from.’ Ricus Dullaert, the Dutch-born owner of the internationally renowned Kunsthandel HWC Dullaert, a regular feature at the annual SAADA fairs, has a slightly different viewpoint. Many years’ experience selling fine utch and European antiques and Asian artefacts across the world has taught me that politics and economics can play a large role in the possible appreciating value of various antiques. Several years ago the British pound was not as strong, so collectors in Holland were buying pieces and bringing them home. This buoyed the UK market up. ‘Then the Soviet Union collapsed and the Russians were keen for US dollars, so many superb antiques left Russia. However, as some Russians became wealthier, it created a good market for selling back into Russia again. Today, the Chinese market has grown enormously (and quickly) and the demand for antiques in China has shifted the international market yet again. When it comes to investing in antiques, identify places where individual wealth is increasing and predict what type of item they are likely to place value in,’ he says. Here in South Africa, this advice sets a challenge: where is the real money likely to be in the future? What kind of items are those looking to invest likely to covet? Spend some time trying to answer these questions successfully and you may end up enjoying your investments while their value increases beautifully.

An assortment of colourful and rare Murano glass items from Italy – variously by Barovier & Toso (barovier.com) and Seguso (seguso.com) – take a modern centre-stage place on this delightfully textured rustic late 18th-century chestnut workbench, all below a decorative Georgian window frame

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TREAD CAREFULLY IN THE FINE-TUNING OF A PROPERTY SALE There are often a lot of comings and goings between a seller and buyer in negotiating a property sale agreement. In such circumstances, it is crucial not to lose track of the legal requirements for concluding a valid sale agreement. The Alienation of Land Act stipulates that all the material terms of the agreement must be reduced to writing and signed by the parties. This sounds simple enough, but the provision is the source for much case

law nonetheless. A recent decision in the matter of Cowley v Lai Thom illustrates this fact. In this matter the parties negotiated various changes to their sale agreement. A last minute amendment made by the purchaser was conveyed to and accepted by the seller, who then telephonically advised his attorneys that he accepted the amended agreement. He never signed the agreement after the last amendments. Then, when the relationship between seller and purchaser soured, the purchaser was successful in

his argument that the agreement was void as it was not signed by both parties after the last amendments were affected. This was not compliant with the requirements of the Act that the agreement, all parts of it, had to be signed by the parties. Make sure all aspects of your sale transaction is in order. Contact us at info@stbb.co.za or on www.stbb.co.za for any assistance you may require in the sale or purchase of property, before you sign.

MASTERING THE INTRICACIES OF HOME OWNERSHIP

MORE THAN JUST THE PAPER WORK

COLOUR

NEUTRALS BY NUMBERS CREATE A DYNAMIC, BRIGHT INTERIOR SPACE BY PAYING CAREFUL ATTENTION TO UNDERLYING COLOUR GROUPS TEXT Kelly Adami PHOTOGRAPHS Lindsay Salazar, Jon Day, Anson Smart, supplied

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EASY GREYS 01 Popular in Scandinavian design, it’s no surprise that easy greys are the most versatile of the neutral families. This is the route to go if you’re opting for a look that is soft and understated with almost-gossamer tones. HOW TO FIND IT The beauty of this colour family is its utter neutrality in terms of colour temperature, appearing neither warm nor cool but perfectly in between – the epitome of neutral. HOW TO USE IT For a soothing, serene feeling Easy greys are ideal for layering – with each other or with greys from other neutral families. Watch that is doesn’t become too boring, however, says Plascon (plascon.co.za) colour manager Anne Roselt. ‘Add different textures to create interest – wool, satin, sisal, wood, metallics. The common error with neutral schemes is they can become too matchy-matchy.’ For a strong, dynamic feeling If you’re more of an adventurous decorator, then this neutral family will serve as the perfect backdrop to brighter and more saturated colours, including primary yellows, navy blues and muted greens and reds. It balances these brights to ensure that they are not overpowering.

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COLOUR

MONOCHROMATIC OR ARCHITECTURAL NEUTRALS 02 Black and white provides a distinctly architectural appearance. Purposefully cool, with a bluer undertone than other neutral families, this group creates a more hard-edged, clinical look that works well for minimalistic living. HOW TO FIND IT The black-and-white variations are, in fact, endless. If you’re looking for a purist approach, opt for Dulux (duluxpaints.co.za) Brilliant White and Dulux Dark Secret but be careful that the combination isn’t too stark. For something subtler, try off-white options such as Plascon’s Landing EC 76 paired with Plascon Pompeii, which has a powerful blue undercurrent. HOW TO USE IT A black-and-white scheme really does go with anything. But for an unmistakably architectural finish, pair these tones with similarly cool accent colours such as turquoise, blue-black or duck-egg blue. ‘Black has been a big trend as a feature wall – it’s dramatic and makes a statement,’ says Roselt. ‘It can be a bit hard to live with, though; I personally prefer a charcoal-grey such as Plascon’s Bovine’.

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COLOUR

CONTEMPORARY NEUTRALS ARE THE WAY TO GO WHEN CREATING AN URBAN SPACE

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COLOUR

CONTEMPORARY NEUTRALS 03 Contemporary neutrals are the way to go when creating an urban space. The overall effect of this family is fresh and bright but also most importantly, warm. Decorating in this arena will give you a space that is young and modern with plush and luxurious appeal. HOW TO FIND IT Grey tones dominate here but take note to identify the subtle underlying notes of lilac, making it ideal for both feminine and masculine schemes. A lovely option from this colour family is a combination of Plascon’s Light Grey Aluminium 44 and Metallic Silver as seen in this calming living room space. HOW TO USE IT For a soft, relaxed atmosphere Contemporary neutrals pair beautifully with plums, purples and blues for a cool, calming effect. Plascon’s 2017 Colour of the Year – In the Mood – is warm and grounding yet fresh and chic. Its elusive pink tint is surprisingly adaptable. For a relaxed, vibrant space Warm orange tones bounce well against the lilac undertones for an exciting contrast that is not too dominant, such as in this Greg Natale interior (opposite) and with this shade of Dulux paint (below).

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‘METALLICS WORK BEAUTIFULLY WITH NEUTRALS: THEY UPLIFT A SCHEME AND ADD INTEREST AND GLAMOUR’ ANNE ROSELT, PLASCON COLOUR MANAGER

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COLOUR

TRADITIONAL NEUTRALS 04 Like all things traditional, this sophisticated group of neutrals has an aged and timeless appeal, creating spaces that feel like they have existed forever. Despite its seemingly historical routes, this classic colour family can also call itself contemporary when used in the correct way. HOW TO FIND IT Choose your traditional neutral family by identifying its grey-green undertones. When used in an interior, traditional tones create softness. For a fail-safe traditional option, try a combination of Duluxâ&#x20AC;&#x2122;s Dusted Moss 1 to 4. Use Dusted Moss 2 or 3 on the walls and add a dramatic accent of 4 to a bookshelf, which will anchor the scheme by creating a comforting sense of depth. HOW TO USE IT For a contemporary look When paired with pitch blacks and brilliant whites, this neutral family is given a fresh and modern aesthetic. Adding accents of wood draws out the natural green undertones for an earthy and textured appearance. For a traditional look If you want to create a more classic look, pair these neutrals with hues that have a suitably aged feel, such as mustard yellows, burnt umbers, ochres and green-greys.

COLOUR SCHEMING TIPS By Anne Roselt, Plascon colour manager

3. 4. 5.

7. 8.

Cool colours such as gentle blues and greens make a room appear larger than it is. Warm hues, which have a red undertone, cause a room to appear smaller. Use warm colours in areas where you want to create a sociable, active atmosphere and cool colours in areas where you want to create a peaceful, intuitive air. Colours with a similar tone work well together such as a strong yellow and a strong blue. Accent colours work well to lift a scheme; think of a bright pink flower on a black dress. For an interesting scheme use the 60-30-10 principle: 60% being the colour for the main wall, 40% another hue similar in tone (this may be curtains or fabric) and 10% accent colour (a feature wall or accessories such as cushions, paintings or objects). Balance cool colour schemes with warm colours. For example, introduce some red, orange or yellow accents to balance and warm a cool blue scheme. A colour may not look perfect until the furnishings and plants are placed back in the room. The effect of light can change the look of a colour. If you are unsure, test it first by painting a piece of card (1m by 1m) and place it on different walls of the room at various times of the day.

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DESIGN FOR LIFE ARCHITECT AND DESIGNER SHAUN GAYLARD LIVES HIS PASSION IN ALL SPHERES OF HIS LIFE TEXT Julia Freemantle PHOTOGRAPHS Karl Rogers

hey say that life imitates art. But in Shaun Gaylard’s case, it’s also a case of art imitating life. An architect by profession, Shaun started a side project a few years ago inspired by his love of the built environment. The Blank Ink Design brand was a natural evolution of his day job and started as intricately rendered guides depicting iconic South African and international structures. Shaun is always looking for new and interesting ways to express his creativity outside of architecture and the brand began as a gift for his partner. ‘The A-Z guide to architects was originally drawn for him,’ says Shaun of the series’ first design, which has now evolved into a larger product line. Blank Ink gives Shaun something that architecture doesn’t: instant gratification. ‘While architecture is incredibly rewarding, I have to wait months – sometimes even years – before a project reaches completion or gets to a point where the client can see their dream fulfilled,’ he explains. Shaun’s range of city-celebrating products has grown from the initial city guides to include limited-edition product ranges (ceramic plates last year and this year a collection of monochromatic scatter cushions). He tries to draw two to three new guides a year. ‘I’ve also collaborated with Kerri Voogt, a retail industry expert. We worked together on the fabric selection and CMT process,’ he says. His latest venture is a collaboration with Builders Warehouse on a range of colourful and graphic single-building canvases, a fun and simplified version of his city guide. ‘It’s been a huge learning curve but phenomenally rewarding,’ says Shaun. Architecture filters into his home life, too, his profession making him a savvy homeowner and renovator. The beautifully appointed Illovo apartment he shares with his partner in one of the older and much sought-after buildings typical of the area has been sensitively and subtly upgraded to make it more livable, without sacrificing its character. ‘Often it’s the small details that really make a huge improvement to the

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LIFESTYLE

Design, architecture and art, as well as some of Shaun’s own products – the monochrome cushions on the sofa – feature in a fun and graphic way in the living room OPPOSITE Shaun is a trained architect who channels his love of the built environment into a range of designs paying homage to iconic buildings

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way we live in a space,’ he says. ‘If I could choose one feature that has really transformed our apartment, it’s the folding sliding doors that divide the balcony and the living room. The fact that the two rooms can be converted into one large indoor/outdoor area makes it such a great space to spend time in,’ he says. The compact but cleverly conceived apartment is also decorated with cool design pieces and art that often alludes to architecture and design. ‘We found most of the objects in our home while travelling,’ comments Shaun on the eclectic mix. ‘We try not to furnish the house with too much by one designer as it ends up looking like a showroom.’ One of Shaun’s key design tricks is finding balance with the flow and placement of furniture. Creating defined spaces and emphasising these with wall art and lighting has made the relatively small space seem bigger. Although the apartment is so pleasant that it seems strange he’d ever want to venture beyond the building’s incredible gardens (the older buildings in Joburg have huge, lush treed outdoor spaces that make up for being in such a big and unforgiving city), he does have his favourite hangouts. ‘I love exploring the neighbourhood around Parkview and Westcliff – I often take long walks and snoop at the house renovations in the area,’ he says. blankinkdesign.com

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LIFESTYLE

‘WE FOUND MOST OF THE OBJECTS IN OUR HOME WHILE TRAVELLING’ SHAUN GAYLARD

Shaun’s apartment is lighthearted and fun, and has a contemporary aesthetic, from the art to the decor OPPOSITE, CLOCKWISE FROM TOP RIGHT Shaun has recently launched a range of simple, colourful canvases, available at Builders Warehouse; compact but cleverly arranged, Shaun and his partner’s apartment makes maximum use of the space with lots of mirrors, clever shelving and a folding door opening onto the balcony; sleek furniture with an occasionally industrial edge gives the bedroom a cool, masculine feel; the small balcony becomes part of the living room once the folding doors are fully opened, a clever modification Shaun made to enlarge the space

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CONSTANTIA UPPER | R16 900 000 HISTORIC KLAASENBOSCH WINERY DATING BACK TO 1790 Bedrooms 4 Bathrooms 3 Garages 2 Evocative home wonderfully restored by a well known Cape architect with spacious 4 bedroomed accommodation and separate 2 bedroomed guest cottage, all planned around an inner courtyard with pool and delightful veranda’s. The pristine reception rooms (ballroom size) are stunning in their simplicity against the magnificent mountain backdrop. Plus – Farm style outside staircase to massive loft room.

MARIE DURR 083 269 8608 | JANINE 073 168 4749 | LIZA 082 805 7005 | PRISCILLA 082 324 3793

CONSTANTIA UPPER | R24 500 000 CHARM AND HERITAGE. SPECTACULAR SETTING EMBRACING MOUNTAIN VIEWS Bedrooms 5 Bathrooms 5 Garages 5 Flatlet WEB 37466 You’ll build memories here! This gracious Cape Dutch is set in a private ±7000sqm lush borehole watered garden. This magnificent homestead offers lavish accommodation and reception areas on 3 levels boasting unique and special features such as double wood framed doors, double volume ceilings, imported tiled flooring and a large open plan entertainment room.

PRISCILLA 082 324 3793 | LIZA 082 805 7005 | JANINE 073 168 4749 | MARIE DURR 083 269 8608

CONSTANTIA UPPER | R22 000 000

CONSTANTIA UPPER | R8 500 000

LUXURIOUS HOMESTEAD

UNIQUE THATCH!

Bedrooms 8 Bathrooms 8 Garages 3 WEB 346305 Magnificent 1400sqm Baronial Thatch in excellent location boasting exceptional accommodation is set in a large terraced garden with pool, tennis court and a stunning self catering ‘clubhouse’ with copious parking for visitors.

Bedrooms 2 Bathrooms 3 Garages 4 WEB 397203 This picturesque home imbued with a sense of relaxation & peace is accented by wonderful touches offers easy flow to a broad covered verandah overlooking garden. This treasure offers the potential to expand.

PRISCILLA 082 324 3793 | JANINE 073 168 4749 | LIZA 082 805 7005 | MARIE 083 269 8608

CONSTANTIA 021 794 5252

PROPERTY NEWS, REPORTS AND DREAM HOMES FOR SALE

GLASS SMARTS

TEXT Genevieve Putter, supplied PHOTOGRAPHS Supplied

With summer in full swing, the focus is on an energy efficient way of keeping cool – starting with double glazing, fast becoming the heat-management option of choice. Why? The X2 range from PG SmartGlass not only reduces the temperature indoors but also offers security, safety and sound absorption. The airtight space between the two panes of glass – and coatings on the inside and outside – allow up to 70% of natural light in while rejecting more than half the heat that would normally enter. This eliminates up to a whopping 86% of the sun’s warmth. Double glazing also comes with a 10-year glass warranty – and specialist solutions can be made up for clients needing a custom light-management solution. Most importantly, PG SmartGlass is SANS 10400 XA compliant, allowing homeowners to maximise the use of glass in their houses while adhering to construction and safety regulations. pgsmartglass.co.za

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WESTSIDE STORY In May this year, the first wave of residents moved into New York’s VIA Courtscraper. Construction on the eye-catching residential block, designed by Bjarke Ingels Group for developers The Durst Organization, began in 2011. Today, the 32-storey building occupies a full city block on the corner of West 57th Street and the West Side Highway, with panoramic views over Hudson River Park and the waterfront. Shaped like a triangle, its form shifts depending on your vantage point: from the east, it looks like a slender spire and from the west, it’s a warped pyramid shape. The shared garden at its core is an urban oasis for residents and features 80 newly planted trees and lawns, and 47 species of native plant material. big.dk

INSPIRED HIGHER LEARNING The new Sol Plaatje University campus in Kimberley is comprised of three buildings, with design and construction of each awarded to a different architectural team: Activate Architects, Savage + Dodd Architects and Wilkinson Architects. Situated in the inner city, it is viewed as integral to the character of the Northern Cape’s capital – the buildings each embody a charismatic design approach that acknowledges its heritage. The result is a blend of colourful, textured and multilayered spaces all utilising resources with maximum efficiency. www.spu.ac.za

MATURE LIFESTYLE Last month, we featured Zevenwacht Lifestyle Estate, one of Multi Spectrum Property’s newer developments along the Stellenbosch Wine Route, but we inadvertently included the incorrect image. The contemporary interiors are designed to appeal to the growing market of over-50s in one of the country’s most idyllic regions. It offers residents 99 freestanding residential retirement dwellings and 54 independent living apartments, each with solar geysers. There is also a 1 100m2 Care Centre, equipped to look after residents’ health and social care. zevenwacht-lifestyle-estate.co.za

COASTAL INVESTMENT Much loved by fishermen and kitesurfers, Witsand is an area of pristine beauty overlooking the Breede River mouth and the sea. There are only few stands left on Breedezicht Estate, part of the small and relatively untouched little town. Limited infrastructure restricts further development, which means that it is one of the last opportunities to invest here. To spend a weekend in Witsand to experience this tranquil lifestyle, apply online or contact Bruwer de Jager on bruwer@breedezicht.co.za or 082 928 4743. breedezicht.co.za

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A HAND-PICKED COLLECTION OF MAGNIFICENT PROPERTIES

PROPERTY INVESTOR

W W W. L U X E H O M E S . C O . Z A

BUDGET CUTS T

AVE

ME I

RA CE

TEXT Patrick Cairns PHOTOGRAPH iStock by Getty Images

n di cult economic times many o us are looking or ways to reduce our monthly expenses. ten this includes insurance. ecause it is something o a grudge purchase and you don’t necessarily see its value until you need it household insurance can look like an obvious place to save money. oing away with it altogether or cutting back on your level o cover should not however be genuine considerations. I you are underinsured or not insured at all when disaster strikes this could end up costing you ar more than you ever saved on your premiums. That said it’s possible to reduce what you are paying without taking lesser cover. All you need is an understanding o how insurers evaluate you and your risk setting your premiums accordingly. To do this they take a number o things into account including your credit record and claims history. Consumers with a better credit record are considered lower risk and will be charged lower premiums. This is another reason or managing your debt prudently and making sure you always keep up with monthly payments on items such as cellphone contracts. In terms o your claims history consumers who claim too o ten will be flagged as high risk. It is the

re uency o claims that matters not the si e. I you put in one claim or R in five years an insurer would not be concerned. ut i you claim times at R1 a go over the same time period you would be considered high risk. or that reason ensure you have an emergency und which you could use to pay or smaller issues. In the long run this could save you a lot o money. In addition many insurers may charge a lower premium i you bundle your insurance. ou could potentially save by using the same company or both your vehicles and your home. ou should however be willing to shop around. The short term insurance market has become incredibly competitive so companies are trying to attract more business by offering lower prices. on’t accept whatever annual increase your insurer offers you. Most companies will negotiate on the si e o the yearly premium increases. They don’t want to lose your business and may be willing to reduce what you pay. inally i your insurance cost really is getting too much your best option may be to increase your excess the amount you have to pay in yoursel on any insurance claim . The higher this is the lower your premiums will be. I you have enough set aside to meet this amount you can save money every month without compromising your cover.

NEXT ISSUE UNDERSTANDING THE IMPLICATIONS OF CAPITAL GAINS TAX

TO ADVERTISE C O N TA C T J I M M Y B A L S A R A S J I M M Y. B A L S A R A S @ T H E C R E AT I V E G R O U P. I N F O

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LH 612

For more than 20 years, Adrienne Hersch Properties has been fulfilling the real estate needs of sellers and buyers in Gauteng with dedication, passion and integrity. Our business was built on the foundations of traditional family values, which include loyalty, trust, dedication and understanding. Adrienne Hersch Properties… welcome home.

OBSERVATORY, JOHANNESBURG, GAUTENG, SOUTH AFRICA

•

R15.95 MILLION

It’s not often that a property of this calibre makes its way onto the market. The four-level, ultra-modern house, situated on approximately 2 219m2 of manicured land, includes four bedrooms (all en-suite and with expansive views over the golf course), four entertainment areas, two bars, a lounge and a dining room. Modern kitchen equipped with a braai area, a scullery, laundry and pool. There’s also a private soundproof cinema, a spacious gym with a view, a generator to back up the whole house, two double garages for 4x4 vehicles, ample parking for an extra 10 cars and a built-in security station with accommodation. Bedrooms 4 Bathrooms 4 Garages 4 Living areas 2 Pearl Schaverien +27 (0)82 788 0185 pearl@ahprop.co.za www.ahprop.co.za web ref: ADHS-4220

LH 625

Established by Brian Chernotsky, we specialise in sales and rentals of residential properties in central Sandton, Randburg, Fourways, Johannesburg and surrounding areas. We offer specialised service, 100% hands-on throughout the entire sales process.

SANDTON, JOHANNESBURG, GAUTENG, SOUTH AFRICA

â&#x20AC;˘

R10 MILLION

This single-storey family home offers 600m2 of luxury. The five-bedroom, four-bathroom property includes splendid entertainment areas leading to a large patio, the swimming pool and easily manageable garden. The security is excellent with a 24-hour guard and alarm throughout. There is also a pantry, laundry, family room and staff accommodation. Bedrooms 5 Bathrooms 4 Garages 3 Living areas 1 Richard Paradise +27 (0)82 553 6191 richard@chernodavis.co.za www.chernodavis.co.za web ref: 1191

LH 626

LH 627

Exceptional homes. Powerful network. Finding your home is a personal process of discovery. The accomplished global network of LuxuryPortfolio. com is ready to assist in the journey. To explore the world’s finest properties, enter the web reference.

SPANISH FARM, SOMERSET WEST, WESTERN CAPE, SOUTH AFRICA • R30.45 MILLION

This Vernon Head-designed home embraces modern living, from the glass bridge over the feature Koi pond to the entertainment area with its sparkling pool. There is also great studio/office space if needed. The four suites are all well-appointed. The bathrooms include granite finishes and Hansgrohe fittings. Flooring throughout is unpolished granite and Oggi solid wood; all windows are double glazed. There is also an imported hot-water underfloor heating system and the kitchen is imported Bulthaup with Gaggenau integrated appliances. In addition, a borehole is set up for automated irrigation of the low-maintenance garden. A state-of-the-art security system is also in place. Bedrooms 5 Bathrooms 6 Garages 2 Living areas 4 Pieter Kotze +27(0)82 355 5789 pieterkotze@everitt.co.za www.chaseveritt.co.za web ref: 13391762

MELROSE ARCH, JOHANNESBURG, GAUTENG, SOUTH AFRICA • R34 MILLION

This contemporary penthouse in Melrose Arch offers 870m2 of designer living. Expect floor-to-ceiling windows and doors, wooden floors and spectacular views of the natural foliage and Joburg CBD. Downstairs offers a beautiful double-volume dining room with views over the sculptured Central Park. There is also a designer cloakroom and a large formal lounge. The living room merges into an open-plan Polyform kitchen with integrated Miele MasterCool fridges and appliances, and a separate scullery. The five large bedrooms are all en-suite, embracing the views on offer. The main bedroom has a beautiful fireplace and the marbled bathroom includes a rain shower and walk-in dressing room. All cabinetry is top-of-the-range Polyform. Bedrooms 5 Bathrooms 5.5 Garages 5 Living areas 2 Rory O’Hagan +27(0)83 328 8888 rory@everitt.co.za Jorge Santoro +27(0)71 986 8248 jorge.santoro@everitt.co.za www.chaseveritt.co.za web ref: 3298798

LH 628

LH 629

Catering to the discerning luxury market.

WATERFALL EQUESTRIAN ESTATE, GAUTENG, SOUTH AFRICA • R19.9 MILLION

This family home in the exclusive Waterfall Equestrian Estate features five en-suite bedrooms, an open-plan kitchen, dining room and lounge with a log fireplace, two studies and a playroom. The 1ha of grounds incorporates a staff cottage, rose gardens, original veld grass – much loved by hares and hedgehogs – and established indigenous trees. The large lawn is perfect for soccer, cricket, croquet days and picnics – and sought-after privacy. This home also offers magnificent views towards the Magaliesberg, wide-open spaces and easy access to shopping centres including the new Mall of Africa. Being part of Waterfall Equestrian Estate, you can also expect a secure lifestyle with plenty of space for families. Bedrooms 5 Bathrooms 4.5 Garages 3 Living areas 4 Vivienne Holmes +27 (0)83 455 4701 vivienne@hamiltons.co.za Mia Raad +27 (0)73 339 3727 mia@hamiltons.co.za www.hamiltons.co.za web ref: 13367565

BRYANSTON, JOHANNESBURG, GAUTENG, SOUTH AFRICA • R13.75 MILLION

This French-inspired home is sequestered on almost half a hectare of rolling lawns and features tiered gardens in the popular Devonshire Park Security area. There is absolute attention to detail from the moment you enter, from the triple-volume entrance to the five spacious receptions with solid rose-wood floors. These spill onto a covered patio with fireplace and braai, and overlook irrigated gardens and feature heated pool. There is also a gourmet social kitchen with doublesided fireplace, five double bedroom suites with additional study and a spacious pyjama lounge. Bedrooms 5 Bathrooms 4.5 Garages 3 Living areas 5 Christie +27 (0)82 676 4699 christie@hamiltons.co.za www.hamiltons.co.za web ref: 13396259

Zandspruit

Bush & Aero Estate OWN YOUR DREAM HOME AND LIVE IN A WILD PLACE YOU

Hoedspruit • Limpopo

EAT

•

SLEEP

THOUGHT NO

•

F LY

LONGER EXISTED... • Estate size 1 000 hectares • Only 200 Full Title stands • House styles are Pavilion, Farmhouse and Thatch • An untouched wilderness area of 650ha for game viewing on old farm roads • Breathtaking mountain views • Sundowner locations and waterholes within the wilderness area • Paved internal roads • 1 000m paved private runway • Magnificent trees along teh 4km riverfront • Bird hides, view points and walking trails • Zandspruit Equestrian Centre for all levels of equestrian adventures • Luxury Bush Camp for home owners to enjoy • Close to all retailers, doctors, restaurants and recreational facilities of Hoedspruit (2 km)

F LY T O A B E T T E R P L A C E E info@zandspruit.co.za W www.zandspruit.co.za

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Die Ryshuis, R 527, Hoedspruit, 1380 T + 27 15 793 1192

22 Mar 2016 09:48:42 AM

SPECIAL REPORT

OFF-PLAN PURCHASES:

RISK OR REWARD?

BUYING PROPERTY OFF PLAN HAS NUMEROUS ADVANTAGES â&#x20AC;&#x201C; BUT THERE ARE ALSO IMPORTANT FACTORS TO NOTE TEXT Anne Schauffer PHOTOGRAPHS iStock by Getty Images

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SPECIAL REPORT

or many the promise o a new off plan sectional title unit is the ultimate dream come true. or others it’s a smart buy to let investment. ut listen care ully to those who have had their fingers burnt or speak to reputable developers and the recurring theme is do your homework well. or the most part this re ers to the developer’s track record: the length o time in the industry how many units have been built reputation build standard and resilience financial or otherwise to bounce back should external actors have an impact. Chris Renecle M o Renprop advises buyers to make absolutely sure they know the precise terms and conditions attached to the sale. Ensure the developer has all the re uired oning rights in place essential be ore the development plan can be submitted to the council or approval ’ he says. ummercon Property evelopment has a track record o more than 1 off plan developments or 1 units over a year period. e finance market and construct in house ’ says development marketing and sales manager Marc rew o their business model. hen we launch a development we fix the occupation date and no matter how many units are sold that date is guaranteed.’ o guesswork. PRESALES TO TURNKEY There are other developers who operate similarly while many use variations o the presales model. Most developers raise unds or the development and the und’s release is premised on a specified percentage o presales usually to . It’s di cult or those developers to speci y your occupation date unless confirmed sales are brisk. That doesn’t mean there’s anything untoward about the development but it’s less watertight than those who provide a guaranteed time rame. Construction begins a ter an agreed number o sales is achieved with our financing institution. This is usually within a couple o months rom launch depending on the si e o the scheme ’ says ignatura Properties M avid Cohen. Riaan Roos CE o M P evelopments has a different modus operandi. or our turnkey developments construction begins on site be ore the actual marketing o a development ’ he says. n the signing o the sale agreement M P provides an estimated completion date. Throughout the construction the pro ect team communicates with the buyer on any date changes. BUYING POSITIVES Myles akefield CE o akefields Real Estate believes there are many more positive issues at play than merely saving trans er duty when buying rom developers. ays akefield: evelopers are drawing buyers because o the secure li estyle the sense o community and via the levy the shared responsibilities and cost o amenities.’ A purchase rom a developer with a reputable track record also stands the test o time. In parts o ohannesburg’s northern suburbs living in a ummercon is a euphemism or living in an apartment. The concept o leaving it to the pro essionals is a driver in the off plan market. Purchasers understand what they’re getting in terms o uality fittings or fixtures and or many this certainty is suitable. epending on price developers offer limited or wider choices o finishes. ome are more flexible. ays Cohen Customisation is scheme dependent. e do not entertain variations on larger schemes but have in the past customised units on smaller schemes usually limited to finishing details. e cannot do anything that would have a material change to the acade or affect another owner in any way.’ INVESTING OFF PLAN Many buy to rent investors choose to buy off plan. In M P evelopment’s uh Rein Estate about o sales are to investors looking to leverage the sustained demand or housing within the estate. ikewise at ummercon. ood tenants are always looking or good northern suburbs rentals so demand is high ’ says rew. Then there’s the cash flow advantage. y buying a ummercon unit i they secure a 1 bond the total outlay or the investment is R . eigh that up against buying a second hand property: deposit trans er costs and maybe up ront renovations to make sure it’s tenant ready.’ avid edgwick M o ori on Capital Residential explains that it is important that purchasers ully understand the implications o purchasing off plan and have ade uately prepared themselves or the financial conse uences. ith most new developments there is typically a delay between the period o occupation and when the property is registered in the name o the purchaser. uring this interim period purchasers are re uired to pay the developer occupational rental. There are numerous actors affecting a development rom escalation o building costs and interest rates to politics gone rogue. It’s essential that a buyer does rigorous research enlists help with the documentation i necessary and ensures that any finances proffered are secure.

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INVESTOR BENEFITS OF BUYING OFF PLAN Investors who buy close to launch receive up to 12 months’ free capital growth while the development is still under construction. Investors typically only qualify for 90% bonds, which means putting down 10% in cash. Buying a new property means they minimise further cash requirements since all costs incidental to financing and transferring the property are included in the purchase price. Investors can optimise their tax liabilities through residential investment, subject to various provisions in the Income Tax Act. A primary requirement is that the property should be new and previously unused. Buying from a developer helps to ensure that properties conform to those requirements.

Source: MSP Developments

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2016/10/21 1:23 PM

SPECIAL REPORT

OFF PLAN A TO Z The buying process begins with a sale agreement and deposit – usually 10%. Blok requires that a cash deposit be paid to the conveyancing attorneys within seven days of countersignature. This is invested in an interest-bearing trust account until transfer, when the interest is repaid to the purchaser (less administrative fees). Summercon requires a flat deposit sum of R20 000. Raising a bond is handled similarly to any other property purchase with prequalifying checks and documentation. A second ‘deposit’ may also be requested: the difference between the 10% deposit paid, plus the bond amount raised and the purchase price. Some established developers have, over time, forged unique relationships with bond originators or banks. If you buy into a Summercon development and raise a bond through one of their dedicated consultants at one of four banks, Summercon covers the transfer fees (you may have to cover those costs for other banks used). When buying directly from a developer – off plan or not – one of the come-hither drawcards is the lack of transfer duty. Note, you’re not saving transfer fees but transfer duty (government tax) because developers are invariably VAT vendors. If the developer is VAT-registered, or if your property purchase is more than R600 000 (transfer duty not applicable below that), you’ll save a maximum of about 7% transfer duty. But you will pay 14% VAT, included in the price of the property you’re buying (this often goes unnoticed). Some developers build a new clubhouse (and sales office) offering a good sense of the architectural language. Others install basic infrastructure. The cost per square metre of an off-plan sectional title unit is generally higher than that of a second-hand property ... do compare apples to apples. It’s difficult for buyers to visualise an off-plan unit. As one agent said wryly, ‘the unit is never as big as they imagined’. Few developers build a show house – many have sophisticated 3D impressions and scale models. The Blok app (free via the Apple iStore) allows potential buyers a virtual walk-through of their future apartment.

‘ENSURE THE DEVELOPER HAS ALL THE REQUIRED ZONING RIGHTS IN PLACE, ESSENTIAL BEFORE THE DEVELOPMENT PLAN CAN BE SUBMITTED TO THE COUNCIL FOR APPROVAL’ CHRIS RENECLE, MD, RENPROP

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NOVEMBER 2016

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ADVERTORIAL

BLISSFUL LIVING

FOR MORE INFORMATION Visit claraannafontein.co.za Phone Johan de Bruyn on 082 881 2011 or 021 976 3180

NOVEMBER 2016

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FROM THE SERENITY OF COUNTRY LIVING TO SUPER-FAST FIBRE TO THE HOME IN EVERY RESIDENCE, CLARA ANNA FONTEIN ESTATE IS AN INVITATION TO LIVE DIFFERENTLY

njoy the freedoms of a secure environment and country living at Clara Anna Fontein Estate in Durbanville. With its freestanding plots and stylish lock-up-and-go lifestyle a short drive from Cape Town, this is your chance to enjoy some beautiful scenery, the private game reserve nearby and a plethora of parks, greened areas and private dams. There are also a number of working farms and awardwinning wine estates in the surrounding area, where you can enjoy some of best country cooking around. Travel a little further afield and you’re in Cape Town, with its beaches, scenery and nightlife.

SCHOOLING

EXERCISE

THE VILLAGE

Clara Anna Fontein includes kilometres of trails for running, cycling or walking. If you need variety, there also are tennis and squash courts, a swimming pool and gym available.

You can choose to build on one of Clara Anna Fontein’s freestanding plots – or, if the convenience of townhouse living is more your style, there’s The Village. These are available as single- or double-storey designs in seven different layouts, all with double garages. They will feature three spacious bedrooms and two bathrooms, as well as the added luxury of a dedicated laundry room. Stone cladding, hard timber finishes and quality glazing will give the Vernon Viljoen-designed homes an air of understated elegance. The stylish theme will be complemented by manicured private gardens.

SECURITY Residents can enjoy peace of mind with the latest security. The estate’s gatehouse, with access granted only via biometric fingerprint identification, will be monitored 24/7 (as with all the estate’s security measures). Further protection includes electrified perimeter fencing with anti-dig barriers and CCTV.

Perhaps one of the most comforting security factors is that your children won’t even need to leave the estate to go to school. Reddam House will be opening its doors on the estate as soon as next year.

HERITAGE The estate, in one form or another, is no newcomer to the area, as you’ll pick up when you come across the 18th century manor house. Currently undergoing careful restoration, it will soon house a modern, luxury lifestyle centre.

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NOVEMBER 2016

2016/10/21 2:56 PM

PAARDEVLEI LIFESTYLE ESTATE

Balwin Properties recently added to its List of International Property Awards at a gala presentation at the IPAX Africa and Arabia exhibition in Dubai in September 2016. Winning a commendation for its unique Paardevlei Lifestyle Estate in Somerset West. The International Property Awards recognise the most exceptional property companies around the world. Balwin Properties is breaking the mould with its Lifestyle-focused developments in Johannesburg, Pretoria and the Western Cape, transforming the way people Live. Our Lifestyle-focused developments have their own restaurants, swimming pools, fitness tracks, fully equippea gyms, Laundromats, squash courts, wellness spas and even conference facilities with free Wi-Fi.

The Award Winning residential development Paardevlei Lifestyle Estate is Located in Somerset West, Cape Town, South Africa.

Lifestyle-focused estate with 1, 2 and 3 bedroomed apartments with a magnificent Lifestyle centre and wine cel[ar.

Somerset West is the historic core of the Paardevlei Precinct, a site rich in natural beauty and history with views of the majestic Hottentots Holland mountains and bordering the beautiful Paardevlei Nature sanctuary and strand beach front. The Estate is ideal for all generations. It comprises apartments, duplexes, family homes and assisted Living as well as frail care facilities within the Estate along with one of our signature state-of-the-art Lifestyle Centres. ALL homes have eco-friendly SMEG appliances, pre-paid electricity, gas and water meters and are Wi-Fi enabled.

These award winning developments are only two out of the four currently in the Western Cape. Paardevlei Square, also in the Paardevlei Precinct will be commencing with construction shortly and The Sandown in Milnerton which is currently under construction.

De Velde, also in Somerset West is another Luxurious sectional title

Whether you are Looking to acquire your first home or your home away from home our developments offers spacious Living with exceptional finishes. For any more information on any of our other developments in Johannesburg, Pretoria or Cape Town, please visit www.balwin.co.za

JOHANNESBURG Tel: +27 11 450 2818 Private Bag X4, Gardenview, 2047 Block 1, Townsend Office Park, No 1 Townsend Avenue, Bedfordview

CAPETOWN Tel: +27 21 020 0849 Suite No. 10, Private Bag X4, Die Boord, 7613 Block A, F2, Stellenpark Business Park, R44, Stellenbosch

www.balwin.co.za

PROPERTIES

PROFILE

NORBERT SASSE CEO OF GROWTHPOINT PROPERTIES, SOUTH AFRICA’S LARGEST PRIMARY LISTED REIT AND AN ALSI 40 COMPANY TEXT Anne Schauffer PHOTOGRAPH Supplied

rowthpoint Properties CEO Norbert Sasse was recently awarded the South African Property Association’s (SAPOA) inaugural Lifetime Achievement Award. Although honoured, he was equally taken aback: ‘The other contenders had a great depth of property experience – essentially, my background is financial. I’m a chartered accountant and my passion is corporate finance funds management and listed property.’ This award by the voice of commercial property in South Africa recognises the exceptional contribution made by an individual considered to have changed the face of the local property sector. Sasse is acknowledged to be the driving force behind Growthpoint’s success story and was deeply involved in the formulation of South Africa’s internationally recognised real estate investment trust REIT dispensation. That wasn’t the only SAPOA award for which Growthpoint took to the podium. Two further awards endorsed their objective to be leaders in sustainable buildings. Growthpoint is a Platinum Founding Member of the Green Building Council of South Africa (GBCSA) and owns or co owns the largest port olio o reen tar A certified buildings o any company in the country. asse is uick to deflect any personal accolades in this regard: ‘The ultimate passion for green building initiatives lies within our business. As much as I believe in it personally and it fits with our philosophy as a company – credit has to go to two key players on our team, Rudolf Pienaar and Werner van Antwerpen.’ AP A also awarded rowthpoint the Innovation Award or their reenovate Awards initiative, a programme that, in partnership with GBCSA, is designed to incentivise built-environment students to explore ways to live more sustainably. INVESTMENT INTO AFRICA The big conversation around Growthpoint Properties is their investment in Africa. Of that, Sasse says, ‘We’ve been quite cautious, perhaps even a little slow out the blocks, but we eventually formulated a strategy on how we will invest in Africa. We’re looking at establishing what we call a Fund Management Business, so we committed ourselves to investing. But what we needed to do then is raise thirdparty funds for other investors to come with us. We’d create a property company, which we would manage and for which we’d ultimately be responsible.’ ast year rowthpoint entered into a oint venture with Investec Asset Management to create rowthpoint Investec A rican Properties imited a property investment holding company that would seek out acquisition or development opportunities in Africa. Growthpoint invested $50 million and recently, the International inance Corporation I C a member o the orld ank roup committed million. e’re in the process o trying to raise unds rom the investor market at the moment to the tune of $250 million, hopefully by the end o this year ’ said asse. The target is million. stensibly in five to seven years’ time, with $750 million to $1 billion of assets and having introduced some gearing, we could list this vehicle on a recognised stock exchange such as London, Johannesburg or even one of the African exchanges.’ asse believes that rowthpoint Investec and the I C each bring uni ue expertise to the African table and that together, they’ll be creating a powerful platform for pan-African property investment. BALANCING WORK AND PLAY asse admits that this is the hardest thing o all. ut I do my utmost to prioritise family time, play squash regularly for health and enjoyment, and then, for real me time I climb on my on off road motorbike and head into vast bold landscapes such as the Karoo.’

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DREAM HOME

D U B AI

Imagine waking up in a luxury penthouse space on Palm Jumeirah, Dubai’s iconic offshore development, stepping outside – cup of coffee in hand – to admire the views of the city skyline. This 11th-floor apartment, on the market through Luxhabitat for AED14 063 000 (web reference 3469), forms part of Viceroy Hotel & Resorts – as such, you can enjoy access to exclusive amenities such as a spa, beach club and concierge. The refined four-bedroom penthouse is accessible via a private lift and includes an infinity pool overlooking the expanse of water, smart home technology, a wine cellar and valet parking. Investment-wise, Dubai comes in at fifth when looking at the most important cities to UHNWIs (up from last year’s eighth position), according to Knight Frank’s 2016 The Wealth Report.

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USEFUL CONTACTS n Luxhabitat estate agency luxhabitat.ae +971 45 50 83 35 n Viceroy Hotel & Resorts viceroyhotelsandresorts.com n Dubai tourism, business and investment visitdubai.com n Visa applications dubaivisa.net n LUXE city guide luxecityguides.com/ destination/dubai n Lonely Planet tourism info lonelyplanet. com/united-arab-emirates/dubai

TEXT Kirsty Wilkins PHOTOGRAPH Lester Jonson

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