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HOMEFRONT 13 OCTOBER 2016 WWW.BDLIVE.CO.ZA
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HOMEFRONT BOOK YOUR CONSULTATION +27 (0) 21 657 2139 im@sableinternational.com
OCTOBER 2016 WWW.BDLIVE.CO.ZA WWW.BUSINESSLIVE.CO.ZA 1413AUGUST 2020
MUST-READ
Meet property’s bold women PAGE 21
Here’s how to move to Mauritius PAGE 26
View and buy your home online PAGE 29
Steyn City is a mixed-use residential development in a parkland setting that offers reprieve from city living yet is close enough to urban centres such as Gauteng’s new north
Strike while the iron is hot SA’s retirement growth spurt PAGE 29
A buyer’s market coupled with a historically low interest rate of 7% means prospective homeowners and residential property investors are spoilt for choice, with opportunities across all price bands
FROM ZAR
3m
where families come to grow up Acres of parkland | restaurants | outdoor art | 24/7 security Put down roots in your new back garden Stands from ZAR3m at Steyn City | The Village
Call: +27(0)10 597 1040 sales@steyncity.co.za steyncity.co.za
PAGE 22
HOMEFRONT HOT TOPIC
Women’s rights: the fight continues
This Women’s Month, we celebrate the role women play in building a more just, inclusive and equitable society in SA. HomeFront looks at those taking bold steps in the property sector WORDS: HELÉNE MEISSENHEIMER :: PHOTOS: SUPPLIED
T
o commemorate the more than 20,000 women who marched to the Union Buildings on August 9 1956 to protest against the extension of pass laws to women, the South African government declared August Women’s Month and August 9 Women’s Day annually. While we celebrate the work that has been done to secure equal opportunity and treatment for women in the workplace, the struggle is far from over in 2020. This is clear from the stories of some of SA’s top performing women in the property sector.
Yael Geffen, CEO
Vuyiswa Mutshekwane, CEO
When Yael Geffen took over as CEO of Lew Geffen Sotheby’s International Realty at the age of 38 in 2017, she was one of only a handful of women to head a top real estate group in SA. Property runs in the Geffen family’s blood but initially Yael had no desire to follow suit. Instead, she headed to New York to pursue a career in the creative arts. It was only on her return in 2008 that she joined the family business, starting at the bottom as an apprentice. Her brother and mentor, Barak, was a director of the group and her father, Lew, the chairman. When Barak sadly passed away a year later, she took a more active role and has had a seat on the board ever since. Yael says women tend to wait for opportunities. “They won’t ask for that promotion or increase, usually out of fear – fear of negotiating, of being turned down, of failure. So they wait their turn, hoping it will happen without them having to ask. “However, it’s not necessary to ‘become one of the guys’ to succeed,” she says. “I realised my natural attributes and my experience and skills would take me further. Never be afraid to stand out as the only woman in a room – it can be an advantage in terms of being heard and remembered. As women we are here to champion and support one another.”
Five years ago, Vuyiswa Mutshekwane was a 30-year-old marketer with a BCom degree and a decade’s experience in the fashion retail industry. She was looking for a new challenge when a chance meeting with a board member of the South African Institute of Black Property Professionals struck the right chord. Although she knew little about the property sector, the institute’s mission resonated with her and before long she was appointed CEO of the largest black property organisation in the country. Today Vuyiswa is recognised as a leader in property in SA. She was nominated as a Standard Bank Top Women in Property finalist in 2019 and this year she was elected chairperson of the country’s first representative body for the broader property sector, the National Property Practitioners Council. She admits the role is not without its challenges, but she surrounds herself with people who are more knowledgeable than she is. And she doesn’t hesitate to volunteer to do things where she might be slightly out of her depth. “I’ve found that this is the best way to learn.”
Andrica Lekganyane, CEO
Marina Constas, specialist attorney and author
Andrica Lekganyane is one of the first three women in Africa to hold Certified Property Manager accreditation endorsed by the Institute of Real Estate Management in the US. A born entrepreneur, she launched her own company, Area Group Property Services, because she wanted to be independent. She particularly enjoys working on projects that address social housing needs and is passionate about the plight of those who earn too little to qualify for mortgages. “I am serving communities through the real estate sector and I hope to use my skills and expertise to benefit all income groups, especially in the social housing market.” Andrica says women who would like to follow a career in property shouldn’t be discouraged by the current transformation challenges but empower themselves by enrolling for property qualifications. “This space has much to offer.”
Johette Smuts, data analyst
Prieshka Taylor, marketing manager
One of her tasks as head of data and analytics at property management company PayProp is the publication of the PayProp Rental Index, often quoted in the media as the voice of the rental market. Yet Johette Smuts says it was purely by chance that she got involved in the property industry. She was working in the investment sector when PayProp’s former CEO, Louw Liebenberg, asked her to join his team. “Property is a tough industry. Women sometimes have to work harder to be taken seriously,” she says. “The best way to advance your career quickly is to say yes to things that scare you – as often as possible.” One of Johette’s favourite quotes is by associate justice of the Supreme Court of the US, Ruth Bader Ginsburg: “Fight for the things that you care about but do it in a way that will lead others to join you.”
Prieshka Taylor, head of marketing at top retirement brand Evergreen Lifestyle, says her mother is her role model. While raising three girls single-handedly, her mother qualified as a teacher, earned a Fullbright scholarship to complete a master’s degree in the US and became the youngest female principal in her district. “She was the first feminist I knew and unleashed three very successful female leaders on the world!” says Prieshka. Prieshka’s journey at Evergreen started in 2016. Her advice to other women considering a career in marketing is to be bold, participate actively and own their seat at the table. “I come from an underprivileged background and I am a woman. There have been too many setbacks to mention but I have not given up,” she says. “When leaders did not want to teach me, I taught myself; when the world became a digital playground, I adapted my skills-set. With a world of resources available to us, we must be agile, educate ourselves and keep learning.”
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PRODUCED BY BLACKSTAR PROPERTY PUBLISHING
Marina Constas is a renowned specialist sectional title attorney and a director at BBM Law. She is the co-author of three editions of the bestselling book Demystifying Sectional Title and has appeared on television shows such as Ask The Property Experts and The Property Show. She is currently developing an online platform called Women in Sectional Title, which is aimed at developing a space for women in the industry to share, learn and network, and inspire one another. It was a two-year stint on the board of the Community Schemes Ombud Service that showed Marina how much work still needs to be done to promote transformation and the empowerment of women. She believes gender parity has to be a strategic imperative in any business. “Women should be asserting themselves to ensure that they make enough noise to agitate for change and confront recalcitrant organisations. Women must support women in these endeavours.”
EDITORIAL TEAM Editor: Debbie Loots Designer: Samantha Durand
Copy Editor: Christine de Villiers Production: Lucea Goosen
PUBLICATION ADVERTISING SALES Chantelle Balsdon Sabrina Ganter
chantelle@augmentcreative.com sabrina@thecreativegroup.info
084 061 7888 074 255 7455
HOMEFRONT
This bungalow in Bakoven, Cape Town, was sold by Seeff agents Lyn Pope and Edith Marsh to a Russian buyer for R18m
PROPERTY TREND
Strike while the iron is hot A buyer’s market coupled with a historically low interest rate of 7% means prospective homeowners and residential property investors are spoilt for choice, with opportunities across all price bands WORDS: DEBBIE LOOTS :: PHOTOS: SUPPLIED
WHAT TO BUY AND WHERE RealNet MD Gerhard Kotze suggests the following kinds of properties for investment:
• Small rental units in cities close to work and essential services, such as Alberton and Kempton Park in Gauteng, or Tygerberg in Cape Town. Areas close to the Gautrain or MyCiti bus routes such as Centurion, Braamfontein and Milnerton. At the higher end, live-workplay areas such as
Century City, Melrose Arch and Menlyn Maine.
• Established, well-run retirement units with assisted living and frailcare services. The over-60 cohort is the fastestgrowing sector in SA, but a large percentage cannot afford to buy into a retirement village, whereas others prefer to rent. Adult children also rent retirement homes on behalf of parents. Popular areas include
Hermanus, Mossel Bay, Knysna, the KwaZuluNatal Midlands and South Coast, as well as Randburg and the East Rand.
• Sectional title rental units around Durban and Cape Town. Many are sold due to affordability, and South Africans are likely to go on local holidays again. Apart from your own getaways, short-term rentals will be highest in peak seasons. Get a good managing agent.
G
ood news for property investors and homeowners is that SA’s longlasting buyer’s market and ultra-low 7% prime interest rate are expected to remain the new normal for now. Dr Andrew Golding, chief executive of the Pam Golding Property group, says although opportunities abound across all price ranges and property types, the entry level market is particularly popular. According to Chas Everitt International CEO Berry Everitt, these rates also fuel “much higher levels of activity among repeat buyers than expected before lockdown”. This is especially true in the R2.5m to R5m price bracket, he says, “where home prices in some areas are back at around 2016 levels and where a careful upgrade often represents a really good investment, more so if you are a repeat buyer with a decent deposit”.
Urban appeal
1 On Cisticola in Sedgefield on the Garden Route
The Onyx in Umhlanga Ridge Boulevard marketed by Pam Golding Properties
In Gauteng the demand for affordable sectional title properties is particularly high, says Golding. Homes that offer a secure, lock-upand-go lifestyle appeal to young people especially. Seeff Property Group chairman Samuel Seeff says about 80% of all sales are below R1.5m, depending on the metro. “In some metros this would go as high as 90%,” he says. Thanks to the low interest rate, people who were unable to get a bond before qualify now, says Cynthia Machaba, principal of Cyn Mac Properties in Soshanguve, north of Pretoria. She works in this area mainly because of its popularity – homes here are affordable and have excellent resale potential. “Many people who would usually buy in townships are now buying in more affordable suburbs,” she says. Matseleng Mogodi, CEO of Snooks Estates in
Johannesburg, warns buyers to ensure they can still afford their properties when interest rates rise again. Areas such as Soweto and Johannesburg South are affordable and popular with tenants, which makes for good investments, she says. “Some want an outdoor family lifestyle, so areas on the West Rand such as Krugersdorp, with its larger gardens, are sought after.” In KwaZulu-Natal, Idwala Property Group CEO Nondumiso Mthwa confirms that the lowered rate means some who could not enter the property market are able to do so now, albeit at the lower end of the market. “Some property owners in the middle class are also upgrading,” she says. “Sectional title development schemes with apartments below R1m are most popular and there is huge demand for off-plan developments.” A growing trend is homeowners selling their properties in the suburbs to buy land and build in the rural chiefdoms.
Country life For those with a work-fromhome setup and a preference for a country lifestyle, entrylevel opportunities along the Garden Route are numerous. A new security development in Sedgefield, 1 On Cisticola, offers one- and twobedroom units starting from R595,000, with no transfer costs. It is marketed by RE/MAX Coastal. RE/MAX of Southern Africa COO Amanda Cuba says the low interest rate enables buyers to pay less for a property than if they had to rent it. For instance, renting a one-bedroom unit at 1 on Cisticola would cost about R5,000 per month (amounting to a 9.25% yield). Also operating on the Garden Route, mostly around George and Mossel Bay, Jim Alexander of PropertyTime agrees that main market activity appears to be in the R1m to R2m range. In terms of rental yield, he says, statistics are harder to access. “It does seem as though this market is maintaining its pre-
lockdown strength despite tenant payment challenges.” He takes a cautious view of imminent interest rate rises and says new property buyers requiring a 100% bond are especially vulnerable. “Only those who can still maintain their loan instalments at pre-rate cut levels will benefit from lower interest rates.”
Higher end Steyn City is a parkland estate offering reprieve from city living yet it is close enough to urban centres. According to Steyn City sales manager Lambert Bezuidenhout, interest in this estate rose after the recent launch of luxury resort-style apartments at 104 on Creek as well as new stands at The Village. Homes at 104 on Creek are priced from R2.7m and have two or three bedrooms. Ranging between 96m2 and 133m2 in size, they include double-glazed windows, air conditioning, integrated Siemens appliances and quality fittings.
“Sectional title development schemes with
apartments below R1m are most popular and there is huge demand for off-plan developments”
Nondumiso Mthwa, CEO, Idwala Property Group
The clubhouse at Steyn City in Midrand
Stands at The Village are priced from R3m and are close to the school campus. “Property in high-end estates are retaining their values,” Bezuidenhout says. “There are discerning buyers wanting to future-proof their investments who prefer the safety, even if at a premium.” Seeff says that, apart from demand in the primary residential market, luxury properties are also popular up to R8m in Sandton, Pretoria East, the KwaZuluNatal North Coast and to about R18m on the Atlantic Seaboard if priced correctly.
Investment hotspots According to Golding, KwaZulu-Natal and the Cape Atlantic Seaboard are sought-after investment areas, along with the Boland and Overberg regions. He says second-tier cities such as East London, Nelspruit and Polokwane offer solid opportunities, as housing in some of these cities costs up to 30% less. Other popular options include the smaller towns of Clarens, Dullstroom and St Francis Bay. According to Seeff, about R175m in sales in June and July were from foreign buyers, with more than R100m spent on the Atlantic Seaboard, predominantly in Camps Bay and Sea Point. “Overseas buyers are mostly from the UK, Germany, the Netherlands, France, Russia and Zimbabwe,” he says. Hartbeespoort is another good investment area, says Everitt. Property is going for less than R3m in Pecanwood, where homes are usually priced from R6m, and for R2.5m or less in Westlake, where prices generally average R4.5m. “Pre-owned apartments in upmarket areas in the big metros are also good options,” he says. “In Hyde Park and other areas close to Sandton we now have sellers who are keen to move to townhouses and are selling their high-end apartments for about R2.5m to R3m.”
WATER FALL
Unbeatable Residential and Lifestyle Destination for all Ages
APARTMENTS SELLING FROM R1 690 000 | PRIME INTEREST RATE NOW 7% Workout in our fully equipped gym with steam CONCIERGE SERVICE
RUNNING TRACK & OUTDOOR GYM
BUSINESS CENTRE
WINE ROOM & RESIDENTIAL CELLAR
shower & sauna. Unwind at the boutique spa. Escape to the cigar and whiskey lounge
WHISKEY & CIGAR LOUNGE
INDOOR GYM
WELLNESS CENTER
Indulge in the wine room and private cellar
BOUTIQUE SPA
Savor fine dining at the exclusive restaurant Energise in the entertainment and games area
TEMP CONTROLLED LEISURE POOL
PRIVATE DINING
OUTDOOR GAS BRAAI AREAS
Entertain at the boma with campfires
FIRE PITS & BOMAS
Explore literature in the library Connect in our modern business centre, with
CHILDREN’S ENTERTAINMENT
STEAM SHOWER & SAUNA
COFFEE BAR
LIBRARY & BOARDROOMS
Sales: 0861 882 882 Email: sales@ellipsewaterfall.co.za Web: www.ellipsewaterfall.co.za
boardrooms and conference facilities.
Sales Cantre: Mall of Africa, Town Square, Entrance 26, Parkade G, Level 5
City living, but smarter.
Artist’s Impression
2 bed, 1 bath luxury apartments from R1 799 000 2 bed, 2 bath luxury apartments from R1 999 000 3 bed, 3.5 bath penthouses from R6 950 000 Introducing The Terrace at Sandton Gate, part of a new mixed-use precinct on the edge of the Sandton CBD. The 136 exclusive apartments are designed for private, open-plan living. Choose between a variety of two-bedroom apartments, with a limited number of bespoke three-bedroom penthouses also on offer. The Terrace at Sandton Gate allows you to connect to the city while you reconnect with nature, with beautiful views of the Sandton skyline and pedestrian access to the Braamfontein Spruit greenbelt. Experience everything the precinct has to offer, such as shops, restaurants, premium office space, and even a Planet Fitness gym. It’s city living with all the benefits of suburban lifestyle. It’s Sandton, but smarter.
The Terrace online buying platform was recently launched through the Craft Homes website.This platform allows you to safely view, reserve, and even purchase one of these luxury homes. For more information or to purchase, please go to crafthomes.co.za In proud collaboration: 08600 CRAFT (272 38)
Free standing | Clusters | Apartments | Offices
FROM ZAR
2.7m
downsize to a bigger life Acres of parkland | restaurants | outdoor art | 24/7 security A world of luxury awaits in your new back garden Resort style apartments from R2.7m at Steyn City | 104 on Creek
Call: +27(0)10 597 1040 sales@steyncity.co.za steyncity.co.za
HOMEFRONT
Mont Choisy Golf & Beach Estate
HOT SPOT
Just do it! So you want to buy island property? Mauritius is waiting
Ki Resort
WORDS: DEBBIE HATHWAY :: PHOTOS: SUPPLIED
A
sk any of the role players in Mauritius property why you should move there and they’ll rattle off a list that seems rehearsed. It’s not. It’s just easily remembered because on paradise island the living is just that – easy. For South Africans, there are several factors in favour of property investment here that amplify the allure of this Indian Ocean destination. You can make it your primary residence or your second home if you choose to commute and stay a short flight away from extended family. It doesn’t take long for the dictum “don’t worry, be happy” to become second nature when you’re living in the most content country in Africa. That’s according to the World Happiness Report
2020, which ranks countries according to citizens’ ratings of quality of life. Still it gets better. The words “safety and security” are music to South African ears – we’ll go anywhere and do just about anything for that. New World Wealth ranks Mauritius, Botswana and Namibia among the safest countries in Africa for women and children in its AfrAsia Bank Africa Wealth Report 2019. Safety is a huge influence on a country’s wealth growth too, and Mauritius is the fastest growing wealth market in Africa. Even so, because South Africans often sleep better at night with physical evidence of their safe environment, top property developers in Mauritius make access control and a 24/7 security presence part of the package.
Money matters Then there are the financial perks. Mauritius residents receive very attractive tax breaks. Personal and corporate income tax is capped at 15% and there is no inheritance tax or capital gains tax on properties purchased. Since the recent 2020/2021 budget presentation, the entry requirement for permanent residency with property investment has dropped by a whopping $125,000 and the longevity of the permit has doubled. Now you get 20 years on your permanent residency permit when you invest $375,000 in property earmarked for foreign investment, subject to Economic Development Board approval. Yes, things might be a little more expensive because
so much is imported to the island, but that depends on your lifestyle. It can’t compare with the quality of life you get in exchange.
Island life English is one of the island’s official languages; upmarket developments encourage social interaction through exclusive beach clubs and communal spaces; international schools and university campuses broaden the education offering; the healthcare system is well developed; and driving is on the lefthand side of the road. Mauritius is multiethnic, multireligious and multicultural – so you’re spoilt for choice in terms of cuisine, for example. Outdoor enthusiasts, bird lovers, water-sports junkies, golfers, beachgoers, hikers,
climbers, trail runners and cyclists have endless opportunities to stay fit and stress-free. Of course, there are those who opt to admire the views of the ocean, mountains or rolling fields of sugar cane from a comfortable distance with a rum cocktail or a Phoenix beer in hand, and who’s to stop them? If you want to move to Mauritius, the best advice is to visit. Spend some time familiarising yourself with the island and its layout so you can decide where you would like to live. Once international travel opens up, set aside a week at least and make contact with a reputable estate agent who can show you around. In the meantime, enjoy the virtual tours of qualifying properties online and liaise with agents via Zoom and the like.
A beach bar at Anahita
It doesn’t take long for the dictum “don’t worry, be happy” to become second nature when you’re living in the most content country in Africa
Villa Emeraude, one of the off-plan options at Anahita
DECISIONS, DECISIONS… The north “There are several good options in Grand Baie. Much of what is on offer is for sale off plan or already under construction. We seek out the most reliable development companies that offer safe investments in first-rate locations favoured by expats, thereby maximising future growth and rentability for our clients. There is a fantastic window of opportunity to secure property in this location that blends the best of coastal and estate living. Properties such as Ki Resort, Ki Residences and Soleïa III Residences are a great entry point into the Mauritius market. They are also ideal for couples who want an island getaway for a few months each year.” – Jonathan Tagg, project director, Pam Golding Properties (Mauritius); pamgolding.co.za “Strong ownership rights favour foreign investment in property in Mauritius, which has one of the bestadministered economies in the world. Investing
in Mont Choisy Golf & Beach Estate, an exclusive 375ha development that includes the acclaimed Mont Choisy Le Parc, is a once-in-a-lifetime opportunity. Location advantages include proximity to Le Boulevard in Mont Choisy Smart City precinct, which enables access to more lifestyle, health, entertainment and outdoor facilities, and a leisure centre incorporating tennis and paddle tennis courts, a children’s play area, a gym, a sauna and a hammam opening in 2021. There are also running and
horse-riding tracks in the estate forest. Where better to reinvent your life?” – Axelle Mazery, head of marketing, sales and communication, Compagnie de Mont Choisy; montchoisy.com “Now is your chance to own a two-bedroom penthouse with a pool and a pergola on a rooftop terrace at Ki Resort in Pereybere. Ki Resort is the only cosmopolitan resortstyle living environment in the north that is within the budget for permanent residency. Here you will also
Axelle Mazery, head of marketing, sales and communication, Mont Choisy
enjoy the type of services you’d get at an upmarket hotel and exclusive access to a stylish beach club. Even better: you can pay for your new home via a payment plan over two-and-a-half years. Pay 25% when you sign the title deed, another 15% in a year’s time, and the remaining 60% by the end of that period in 2022.” – Rinie Boshoff, real estate consultant, 2Futures; 2futures.mu
The east “The east coast of Mauritius has preserved an authentic rural character and Anahita
Jonathan Tagg, project director, Pam Golding Properties (Mauritius)
Mauritius sits perfectly in this environment. Our gated residential estate unfolds across 213ha of tropical gardens along 6km of coastline beside the widest lagoon on the island. More than 250 families have invested in Anahita over the past 10 years and enjoy our unique lifestyle: an 18hole golf course designed by Ernie Els, two fivestar resorts, an exclusive beach on Ile aux Cerfs, fine services and activities, and the surrounding natural environment to explore. You and your
Alexandre Gellé, head of sales, Alteo Properties
immediate family are automatically granted a residence permit on purchasing property within Anahita. We have a range of two- to three-bedroom freehold apartments with sea or golf views from R11.9m, three-bedroom semidetached villas along the golf course from R18.6m, as well as new off-plan villas from R18.4m. These are wonderful opportunities to live at the heart of an established estate developed by a reputed promoter that has generated a 25% yield on average on
resale after three years.” – Alexandre Gellé, head of sales, Alteo Properties; anahitamauritius.com “One&Only Le Saint Geran is a legendary resort, established more than 40 years ago on a private peninsula in Mauritius. This is the first development of private homes to be launched by One&Only. The 52 private villas are the only freehold properties with direct access to a pristine sandy beach, and buyers qualify for permanent residency. These two- to six-bedroom homes are
Hugues Jannet, director, One&Only Private Homes at Le Saint Geran
available in a choice of five designs and two distinct styles. The infrastructure work, entrance and backof-house are complete and the show home (Villa 26) was delivered in December 2019. Building on the rest of the homes will start once we have achieved our financial threshold by May 2021. Construction is estimated to take 24 months, with an intended delivery of the first villas by end-2022.” – Hugues Jannet, director, One&Only Private Homes at Le Saint Geran; oneandonlyresorts.com
Rinie Boshoff, real estate consultant, 2Futures
European
CITIZENSHIP-BY-INVESTMENT
Investors can get citizenship and a second passport in exchange for a property investment starting from â‚Ź450,000.
Why choose Montenegro Official candidate country for EU membership Visa-free access to 123 countries including all Schengen countries Citizenship approvals in as little as six months One of the lowest personal income tax rates in the world (9%)
Located in the UNESCO protected Bay of Kotor, Porto Montenegro combines a spectacular lifestyle destination with a residential village offering premium Mediterranean real estate for sale. The developers will be in South Africa and available for free one-on-one consultations in March 2020. BOOK YOUR CONSULTATION +27 (0) 21 657 2139 im@sableinternational.com
HOMEFRONT PROPERTY NEWS
Evergreen plans to grow its footprint
Craft Homes launches new Gauteng development online
O
n August 13, Craft Homes launched its latest development, Willow Creek, online. This marks yet another release of developments the company offers prospective buyers to view, reserve and even purchase purely in a digital space. Other developments Craft Homes successfully launched online since the beginning of the year include The Woods, Springwood, Highbridge and Sandton Gate. Situated in Little Falls, VREDEHOEK, CAPE TOWN Gauteng, Willow Creek overlooks the Kloofendal Nature Reserve, with amenitiesVREDEHOEK, such as a CAPE TOWN shopping centre, top schools and private hospitals VREDEHOEK, CAPE TOWN within easy reach. four bedrooms, they have The development’s they also have double the flexibility of upgrading it. freestanding duplex automated garages, covered All the three- and fourhomes are available in a patios with stackable doors bedroom duplexes are fitted variety of layouts. And and private gardens. with modern interiors and should a buyer prefer the Estate features include Bosch kitchen appliances. positioning of a threeMircom access, 24-hour Fibre ready and pet-friendly, bedroom home but want guardhouse security, electric
YOUR PEACE IN THE CITY perimeter fencing, CCTV
YOUR PEACE IN THE CITY YOUR PEACE IN THE CITY
Willow Creek’s threebedroom, two-and-a-half bathroom homes start from R1,799,000 and the four-bedroom, three-anda-half bathroom options from R2,049,000.
blackscreen technology surveillance, a clubhouse, a swimming pool and braai facilities, a 4,000m2 trim park, a kids’ play area and an outdoor gym.
O
ne of SA’s largest retirement estate living developers, Evergreen Property Investments, is planning From R2.495 million (incl. VAT) no transfer duty to expand its national footprint to R30bn over the next decade. • Back-up power supply From R2.495 million (incl. VAT) no transfer duty With 750,000m² of • Sea, mountain and city views and listed fund sellers the most interest. “We are “We have held two virtual housing (more than 5,000 ccording to Ish While capital flight OEK, E TOWN CAPE TOWNVREDEHOEK, VREDEHOEK, CAPE VREDEHOEK, TOWN CAPE TOWN CAPE VREDEHOEK, TOWN CAPE TOWN VREDEHOEK, VREDEHOEK, CAPE CAPE VREDEHOEK, TOWN TOWN VREDEHOEK, CAPE TOWN CAPE TOWNVREDEHOEK, CAPE VREDEHOEK, TOWN CAPE TOWN From R2.495 million (incl. VAT) no transfer duty focusing on leveraging their seeing local people buying auctions over the past two units) and facilities across Hendricks, group is understandable, • Inspiring contemporary design • Back-up power supply core assets and monetising local properties, as they months,” says Hendricks, 13 retirement villages either auctioneer of commercial property is by award winning architects Sea, mountain and city non-core properties. understand the area and “and views the model has been under construction or in Broll• Property Group, trending as an attractive • Back-up power supply asset class, • Secure andsays excellent security “It seems these two the market,” he says. so successful we have parking the planning phase, its many keen to invest Hendricks. • are Inspiring contemporary designthat • Sea, mountain and city views emerging trends are directly Fuel stations, shopping trebled the number of management was relieved in commercial property “Astute buyers are by award winning architects • 10 exclusive apartments correlated,” he says. “Large centres and light industrial properties on offer at our to resume work recently. as trading activity on looking at the long term • Inspiring contemporary design • Secure parking excellent 1 penthouse private jacuzzi properties are also in funds are disposing of their auction security on •August 26.” “The retirement industry auction floors across the and next andwith investing now for by award winning architects noncore assets, while the demand whereas, at the This is despite the was hit hard when country shows demand. the next generation.” • 10 exclusive apartments • 1 penthouse suite with private jacuzzi • Secure parking and excellent smart money is snapping other end of the spectrum, country’s negative construction was halted Broll has sold property Retail security properties with • 1R10bn penthouse private jacuzzi up these opportunities. high-end office space economic state and the during the lockdown,” worth on auctionwith in established national tenants • 10 exclusive apartments And the convergence of and development land South African Reit sector says Evergreen Property the past five years and is in small towns such as • 1 penthouse suite with private jacuzzi www.TheVera.CapeTown • 1 penthouse private jacuzziPort Shepstone these trends is playing remain a challenge. having been underwith pressure Investments MD Cobus adopting a digital approach Makhado, T) lion )95 no no million transfer (incl. transfer VAT) From (incl. duty duty no R2.495 VAT) From transfer no From million R2.495 transfer duty R2.495 (incl. million duty VAT) From (incl. nothe (incl. R2.495 VAT) transfer VAT) nomillion transfer duty noFrom transfer From (incl. duty R2.495 R2.495 VAT) duty no million From million transfer R2.495 From (incl. (incl. duty R2.495 VAT) million VAT) no no million transfer (incl. transfer From VAT) (incl. duty no R2.495 VAT) transfer no From million transfer duty R2.495 duty million VAT) no(incl. transfer VAT)duty no“We transfer duty out on the(incl. auction floor.” Another trend is duty corporate even before pandemic. Bedeker. had to put amid the Covid-19 pandemic. and Mokopane attract • million 1 penthouse suite with private jacuzzi
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the brakes on seven sites as well as new projects where we employ nearly 7,000 people.” Now they are working hard to meet demand and achieve their goal to provide retirees with 10,000 homes across SA by 2030. The company has seven operating villages in the Western Cape and Gauteng, with six in development between now and 2023. In total its operations are worth R15bn. “Despite the lockdown, we launched 125 homes over two villages and construction is forging ahead at four developments in Evergreen Noordhoek,
Val de Vie Evergreen and Evergreen Broadacres,” says Conrad Bos, head of construction. KwaZulu-Natal, too, is experiencing a retirement property surge. With a population of 11-million, the province is home to 925,863 residents aged 60 and older. Statistics SA data suggests this figure may burgeon due to growing semigration rates, which is expected to increase from 275,920 people in 2016 to 307,547 in 2021. Evergreen’s North Coast master plan includes large developments in Umhlanga, Zimbali (Ballito) and Hilton, where prime land has been secured.
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ORANJEZICHT, CAPE TOWN
ORANJEZICHT, CAPE TOWN
YOUR PEACE IN THE CITY
ORANJEZICHT, CAPE TOWN ORANJEZICHT, CAPE TOWN
ORANJEZICHT, CAPE TOWN ORANJEZICHT, CAPE TOWNORANJEZICHT, ORANJEZICHT,CAPE CAPE ORANJEZICHT, TOWN TOWN ORANJEZICHT, CAPE TOWN CAPE TOWN ORANJEZICHT, ORANJEZICHT, CAPE ORANJEZICHT, TOWNCAPE TOWN CAPE TOWN ORANJEZICHT, CAPE TOWN ORANJEZICHT, ORANJEZICHT, CAPE CAPE ORANJEZICHT, TOWN TOWNORANJEZICHT, CAPE TOWN CAPE TOWN ORANJEZICHT, CAPE ORANJEZICHT TOWN
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From R2.495 million (incl. VAT) no transfer duty
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VAT) no transfer duty
www.TheCedar.CapeTown www.TheCedar.CapeTown
www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheCedar.CapeTown www.TheVera.CapeTown www.TheCedar.CapeTown
*T&Cs apply
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Fall in love
with your retirement
www.oasislife.co.za Fall in love with your retirement at Burgundy Estate's multi-generational lifestyle that includes wide open spaces, comfort and convenience. Oasis Life is a private, secure estate within the boundaries of Burgundy Estate and offers age-tailored homes from onebedroom apartments at R995 000 to two-bedroom, two-bathroom single level houses at R2.35-million and a few options inbetween. Add beautiful landscaping and a R40-million Lifestyle Centre and you're set to fully lean into your retirement. Get in touch with Allen Usher on 082 451 9988. Sunday show house 15:00 to 17:00. All viewings by appointment only.
Fiber & DSTV Ready
Swimming Pool
Outdoor Gym
Restaurant & Function Room
Children’s Play Area
Dog Friendly Park
Sports Field