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HOMEFRONT 13 OCTOBER 2016 WWW.BDLIVE.CO.ZA WWW.BUSINESSLIVE.CO.ZA 18 MARCH 2022
MUST-READ
Room for families to grow PAGE 4
Live, work and play in Sandton PAGE 12
Keeping it all in one place PAGE 15
There’s money in lower prices PAGE 19
Showcase weekend March 26-27 Steyn City’s City Centre showcase weekend taking place on March 26 and 27 is a tribute to luxury living with Gaggenau chef and restaurateur Darren O’Donovan
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HOMEFRONT 13 OCTOBER 2016 WWW.BDLIVE.CO.ZA
Don’t miss the next edition
HOMEFRONT
Housing market strong amid Ukraine conflict PROPERY NEWS
Russia’s invasion of Ukraine will impact inflation, the cost of fuel and other commodities. It will also influence the housing market WORDS: SUPPLIED :: PHOTOS: SUPPLIED AND SOURCED
S
A’s housing property market has shown remarkable resilience in the past two years, emerging stronger from the pandemic and remaining robust in the midst of civil unrest and inflationary pressures, says Carl Coetzee, CEO of BetterBond. “We expect it to do the same in the face of the ongoing RussiaUkraine conflict.” This is not to say, however, that a protracted conflict will not have an impact on the housing market.
HIGHER INTEREST RATE “Rising oil prices as a result of the tensions in Eastern Europe may well have a knock-on effect on inflation in SA, leading to escalating
interest rates. The South African Reserve Bank has forecast nominal 25 basis-point interest rate hikes for the next three years, but these increments may increase as inflation rises.” Bloomberg reports a strong chance of a 50 basis-point increase – the largest since January 2016 – when the Monetary Policy Committee meets on March 24. This will take the prime lending rate to 8%. “However, the solid fundamentals already in place will buffer against these pressures. More than a year of record low interest rates have strengthened the property market so that it is able to withstand these geopolitical shocks,”
says Coetzee. BetterBond is still reporting upward trends in the volume of bond applications for the 12 months to end February. “The number of application approvals increased by 9.2% over this period, while the number of formal grants increased by 14.2% – higher than the growth of 13.3% recorded for the previous year.”
ACTIVE UPPER-END As FNB reports, much of the current buyer activity is at the upper end of the market, where homebuyers are less sensitive to interest rate increases. “So while increased interest rates may subdue market volumes, there will still be pockets of positive growth. Bonds granted for homes of more
than R3m currently account for 7% of all BetterBond’s formal grants, an increase of 44% over the past 12 months. There has also been an almost 26% increase in formal grants for homes of between R2.5m and R3m,” says Coetzee. Rising interest rates have not dampened property prices across the board and BetterBond reports that the average home purchase price is up 11% in the past 12 months (January data) to R1,37m. The average purchase price was R1.2m for the 12 months ending January 2021. Despite not being as active as in 2021, shortly after lockdown restrictions eased and interest rates hit a record low of 7%, the average purchase price for first-time homebuyers has also
increased by 11% to R1.15m. First-time homebuyers were paying on average just over R1m for their homes in 2021.
STILL A SOLID INVESTMENT “It is worth remembering that property has established itself as a resilient and safe asset class, especially during turbulent times. This could lead to investors seeking to shore up their portfolios by focusing on property. The interest rates are still accommodative enough to make this a sound financial decision,” says Coetzee. Furthermore, while there’s no denying that the cost of living is rising – with electricity tariff hikes and fuel price increases on the horizon – rising inflation
A
PRODUCED BY ARENA PROPERTY PUBLISHING
EDITORIAL TEAM Editor: Jason Whitehouse Designer: Samantha Durand
Copy Editor: Esther van der Vyver Production: Lucea Goosen
does have a related effect on the value of your home. “If interest rates are relatively low, as they are now, this means that the value of your home is increasing at pace with inflation, without you having to pay that much more into your bond each month,” says Coetzee. Should the interest rate go up to 8% later this month, it will mean an increase of R617 a month on a R2m bond, taking the monthly payment from R16,112 to R16,729. “While this is admittedly an added expense at a time when household costs are rising, there is peace of mind in knowing that property is still a good asset investment during uncertain times,” says Coetzee.
Carl Coetzee, CEO of BetterBond
PUBLICATION ADVERTISING SALES Chantelle Balsdon
chantelle@augmentcreative.com
084 061 7888
FOCUS ON: STEYN CITY’S CITY CENTRE ADVERTORIAL
Carefree living on the menu Steyn City’s City Centre
Steyn City’s City Centre show weekend taking place on March 26 and 27 is a tribute to good living with celebrity chef and restaurateur Darren O’Donovan WORDS AND PHOTOS: SUPPLIED
W
hat do you get when you mix Joburg’s most forward thinking luxury residential development with one of the city’s leading chefs? The Steyn City’s City Centre show weekend-a tribute to good living. This is exactly what you’ll find when City Centre hosts celebrity chef and restaurateur Darren O’Donovan as part of its show weekend, taking place on March 26 and 27.
COOKING DEMONSTRATION WITH O’DONOVAN AND GAGGENAU
One bedroom luxury home from 68sqm decorated by Urban Glam Interiors
O’Donovan, the talent behind Parkhurst’s popular Embarc restaurant, will be putting his skills on display as he whips, beats,
stirs and bakes at City Centre’s Brand Experience Centre – all with the help of professional grade Gaggenau appliances. His exciting demonstration will show all attending how to get the most out of these stunning, innovative appliances (which, incidentally, come standard in all City Centre luxury homes). Plus, he’ll be inviting the children of visitors to the show weekend to get involved, too, and hone their kitchen talents in icing and baking. Those Gaggenau appliances are but one of a host of features that have helped to set apart the City Centre, and made it possible to redefine luxury urban living. The emphasis on convenience is yet another selling point, and translates into time saved and spent with family
rather than on chores. The development stands out, too, for its attention to detail: with highlights such as high ceilings, rooms large enough to accommodate king-size beds, double glazing, air conditioning and Kohler sanitaryware in all bathrooms.
LUXURY AMENITIES AND SETTING The design of this development also merits comment, comprising a series of villages clustered around treed piazzas. Homes are deceptively compact from the outside, while their interiors are tailored for relaxed family living. Picture separate TV lounge areas, private studies, entertainment areas and, in some of these magnificent double storey three-and four-bedroomed
homes, private lifts. If this sounds as if it would require a lot of maintenance, think again. City Centre’s true bliss lies in the fact that it is entirely maintenance free. So, while residents can proudly lay claim to having one of SA’s biggest swimming pools in their own back garden (taking the form of Steyn City’s magnificent 300m lagoon), they don’t have the hassle of trying to keep the water crystal clear or mowing the lawn. Everything Steyn City offers has been carefully curated with an eye to helping residents get more out of life, to get them excited about spending time with their families and to make it easy for them to do so. Come and experience luxury living where you can live life to the fullest!
Luxury two bedroom residence decorated by Design Dreams International
GET IN TOUCH City Centre, where every day is extraordinary. Pricing from R2.3m to R35m. To make a booking for the showcase weekend, email ccsales@steyncity.co.za or call 010 597 1170. City Centre, North Piazza
Luxury penthouse decorated by interior designer, Stephen Falcke
FOCUS ON: BURGUNDY ESTATE
Burgundy Estate has something for everyone B ADVERTORIAL
This quiet suburb in Cape Town offers amenities and convenience all in one place
WORDS AND PHOTOS: SUPPLIED
Junixe
urgundy Estate is just a great place where families can grow together,” says Miguel Rodrigues, Director at Rabie. “You have something for everyone here. Ample space to run, walk, cycle and pocket parks for children of all ages. It also has three schools that cater for children from babies to grade 12s, and parents can walk children to school and skip traffic. What a plus!” “It’s a quiet suburbia that’s incredibly convenient. It’s just the perfect place to be yourself and enjoy a good life.” With Rabie’s involvement since 2015, Burgundy Estate has become an increasingly popular precinct with people looking for a lifestyle that offers tranquillity and convenience. Since getting involved as a joint venture partner with Nedbank six years ago, Rabie has sold more than 1,200 homes totalling more than R1.4bn. By adding well-designed, beautifully landscaped, secure complexes within the precinct, the essence of the suburb has been transformed into an established and wellmaintained living and breathing space for all ages. “If you’re a young professional, you work in
a busy city and you just want to come back home and relax. It’s very quiet here. You are looking for peace after a long day, and you get it here,” says Tino Jeketera, project manager and resident since 2017. Rabie has thus far completed eight gated developments, which includes two complexes that are for rentals only, managed through their partnership with Invitation Homes. Three Rabie projects are currently under construction: Quinta Estate, which is a nine-block apartment development; Junixe, which offers freestanding houses; and Oasis Life, Rabie’s second retirement estate after its groundbreaking first in Clara Anna Fontein, Durbanville. All of these are secure, gated complexes with ample green space. Talking about the lifestyle of the precinct, Dean Smith, Suidooster actor and resident since 2017, says: “I would definitely recommend Burgundy Estate. You have that homely feeling, and you feel safe. It’s also that balance between being close enough to the buzz and close enough to complete silence. And you can jump between the two as it suits you.”
FOCUS ON: BURGUNDY ESTATE
Quinta Estate
Oasis Life
“It’s a quiet suburbia that’s incredibly convenient. It’s just the perfect place to be yourself and enjoy a good life.”
Oasis Life
“What I enjoy most about staying in Burgundy is the calm. I love how it’s big enough for you to have your own space and privacy, yet small enough for you to be part of a community,” says Gantane Kusch, fellow Suidooster actor and resident since 2015. With Table Mountain views, Burgundy Estate is ideally located on the border of the Durbanville wine route, a few kilometres from pristine beaches and a short drive to the Cape Town CBD. “When people think estate, they think it’s secured, it’s a gated community, there’s an entry point and there’s an exit point. There is one way in and one way out,” says Kusch. “That is the case with the complexes here. So yes, I do feel safe. Driving within Burgundy, even when it’s late at night, I still feel safe.” Burgundy Estate also offers a secure and serene home for those over 60. Oasis Life welcomed its first residents in 2020. “Our phase one standalone houses are sold out, and we have a few apartments for sale which can be occupied immediately,” says Rodrigues. “Construction on
the second phase houses and first four cottages is well under way. The cottage is a new product we developed, an intermediate between a house and an apartment. It’s on the ground floor with its own garden, but is not too big to manage, especially for a single person.” With features like a gatehouse manned 24/7, a clubhouse with deli and regular events arranged by the Oasis Life management team, the residents in this secure retirement estate have already established a happy community. “We had a five-bedroom house, three garages and a swimming pool - then the kids grew up and moved out of the house,” says Basil
Payne, resident at Oasis Life Burgundy Estate along with his wife. “It was just the two of us left, and it’s lovely to not worry about all that maintenance and upkeep of a big house. I still do quite a lot of training, so I go out to the mountains in the mornings and when I come back, I go to the clubhouse for a nice cup of coffee to kickstart my day. We just love the relaxation and the tranquillity, the quietness. And within the estate, the people around you greet you and are friendly. It’s very, very nice actually!” Burgundy Estate is the ideal multigenerational walled precinct if you’re looking to add balance to your life. It has something for everyone.
GET IN TOUCH Visit the website: www.burgundyestate.capetown Details on current developments: Quinta Estate | apartments in gated complex from R995,000 | website: quinta.capetown Junixe | standalone houses in gated complex from R1.94m | website: junixe.com Oasis Life | Houses, apartments and cottages for 60+ from R1.2m | website: oasislife.co.za
HOMEFRONT
House sales follow trends REAL ESTATE
Moving and emigration patterns have been affecting house sales and investments WORDS: YAEL GEFFEN, CEO OF LEW GEFFEN SOTHEBY’S INTERNATIONAL REALTY :: PHOTOS: SUPPLIED AND UNSPLASH
S
emigration and emigration have undoubtedly been two key driving forces in the South African property market in recent years and, although anticipated, their resurgence since travel and lockdown restrictions were eased has been unexpectedly robust. Locally, the wave of semigration we’re seeing towards the coast, especially in the Western Cape and along the Garden Route, has significantly boosted the market in this area, with some towns not only experiencing stock shortages but also record sales. Semigration has been the major driving force in Plettenburg Bay since the end of the hard lockdown with both 2020 and 2021 being record-breaking years for our office in this scenic town. Our George and Wilderness principal, Tim Kirby, also reports hugely increased activity during the past year, with Gauteng
residents making up almost 70% of recent buyers. Although the national semigration trend has been coastal, we are also noting a shift in the inland market, especially towards Johannesburg which is predominantly driven by aspirant young professionals who are following the money and opportunity trail. This has seen a significant boost in sales, with Gauteng, in fact, showing the most activity of any provincial market in 2021, according to Lightstone property research figures.
INVESTMENT DRIVING PROPERTY SALES Interestingly, though, anecdotal observations from our Johannesburg offices are that many of these property transactions are investment-driven. In other words, people are seeing property as a safe haven right now for long-term savings largely following huge demand for rental property as the city
welcomes a wave of new professionals seeking short- to medium-term options while they consider their career prospects locally or as a stepping stone to emigration.
EMIGRATION AS A FACTOR However, it’s not only local migration that’s impacting the market; the spike in people leaving the country is also having a significant effect on both rentals and sales. There are no accurate statistics for the number of people emigrating, but just prior to the pandemic, the FW de Klerk Foundation in August 2021 estimated that about 3,000 people were leaving SA each month. And FNB’s recently released January Property Barometer revealed that, on average, 8% of people are selling their homes with plans to leave the country, which is up a percentage point compared to the Q2 2020 report. This figure jumps to 11% in the
R3.6 million+ price band and to 14% in the R2.6m-R3.6m+ house price band nationally. To this end, the rental sector has been further fuelled by people who have already sold their homes and are getting ready to emigrate as well as those who are liquidating their assets in the meantime by selling their properties and then renting while they decide if emigration is the right option for them. This has resulted in increased demand for short-term rentals and furnished properties, both of which are in short supply. Most landlords want long-term tenants and the majority of properties are unfurnished, as there has been little call for furnished homes outside the corporate sector. This is another niche market segment that investors should consider capitalising on while interest rates are so favourable because the uncertainty created by the
Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty
war in Ukraine will at least temporarily be putting the brake on many people’s plans to relocate.
INTERNATIONAL SALES ROBUST Although not yet directly impacting the market, the growing number of people wanting to have a firm Plan B in place, such as permanent residency in another country through property investment, means that the migration trend is unlikely to be short-lived. South Africans are also increasingly looking to diversify their real estate portfolios to include more stable markets and they get
a respectable bang for their buck in countries such as Spain, Montenegro, Malta and Mauritius, all of which are fast emerging as leading destinations for property investments that deliver returns. However, it must be added that international real estate investment has increased globally with prices, especially in the luxury sector, spiking during the past two years. One only has to look at the fact that Sotheby’s International Realty achieved a historic record of $204bn in global sales volume last year to confirm the fact.
PROPERTY REMAINS A SOLID INVESTMENT Property always has been and always will be considered one of the best long-term investments, and these days more and more people are focused on growing their wealth through property as a buffer against currency depreciation and market volatility. Over and above the impact on the local property market, these trends highlight how much of a global village this market has become and how invaluable an established agency with a broad local reach and international affiliation is
these days. It affords clients access to a vast network that offers them considerable advantages, from established relationships with a worldwide community of professionals to a wideranging marketing reach. In other words, a turnkey solution. From buying and selling a home in SA to purchasing a new home abroad or establishing Plan B, dealing with a global agency that can offer a turnkey solution is the best way to conclude all property transactions as seamlessly as possible nowadays.
FOCUS ON: CRAFT HOMES ADVERTORIAL
Sandton Gate Precinct takes shape Construction at The Terrace Sandton Gate is under way – and with just 40 apartments still available, now’s the time to own a part of this precinct WORDS AND PHOTOS: SUPPLIED
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ust five minutes away from Sandton, The Terrace Sandton Gate is set to blend the very best in urban and suburban lifestyles. The first commercial and retail building for the Sandton Gate Precinct was completed in 2019 and now that construction on the first phase of the residential component has begun, potential buyers can begin to see the development coming to life.
SANDTON GATE PRECINCT Once complete, the Sandton Gate Precinct will be epic in scale and create a new focal point for life in the bustling suburb of Sandton. Lifestyle needs are covered with coffee shops and restaurants, both high-end and casual, within a bustling piazza. On site are commercial and retail facilities, which cover both the needs of residents within the precinct as well as those from surrounding suburbs. Plans for the second commercial and retail building within the Sandton
Gate Precinct are under way, and construction is expected to start mid-2023. Major retail operators and a hotel operator are expected to be part of the mix during this phase. Sandton Gate also offers direct access to the Braamfontein Spruit greenbelt. Rehabilitation of the spruit area is scheduled to take place this winter and will provide plenty of opportunities to cycle, jog or walk in a pristine natural setting.
THE TERRACE Apartments within The Terrace are available from R1.975m. “Early investors at The Terrace have the potential to realise an excellent return on investment. When the precinct reaches its full potential in a few years’ time,
they will benefit the most,” says Jarrid Rahme, Sales and Marketing Director for Craft Homes. “Purchasers are not just buying an apartment but buying into a world-class precinct.” Buyers can choose between two-bedroom apartments and threebedroom penthouses. Each apartment comes with premium finishes and has been designed to make the most of all available space, optimising natural light and creating a seamless living environment. The Terrace building will feature 24-hour security, a swimming pool with sundeck and braai facilities, basement parking and three lift cores, as well as access to all of the amenities within the Sandton Gate Precinct.
GET IN TOUCH On show every Saturday and Sunday from 10am to 3pm or by appointment. https://crafthomes.co.za/selling/ theterraceatsandtongate/ 7 Minerva Ave, Sandton Phone: 08600 CRAFT (272 38) Email: info@crafthomes.co.za
HOMEFRONT PROPERTY TREND
Tyson Properties restructures after record growth
Nick Pearson, Tyson Properties CEO
Company positive about growth in the local property market despite recent challenges WORDS AND: PHOTOS: SUPPLIED
A
lthough 2022 will be a challenging year for the residential property market in SA as it slowly recovers from the Covid-19 pandemic and weathers economic uncertainties, there are still multiple opportunities for growth, says newly appointed chairman of Tyson Property Holdings, Chris Tyson. Consequently, Tyson Properties is expecting a strong 2022 despite the potential vagaries of the
market. This comes after the company registered its best growth year yet in 2021, with turnover increasing by 25% from the previous year.
TYSON APPOINTS NEW CEO Tyson Property Holdings was created to support and grow the company’s regional operations in Gauteng, the Western Cape and KwaZulu-Natal. Nick Pearson, currently the GM, has been appointed as the new CEO overseeing national operations.
Chris Tyson, who founded the company in Durban in 2005 with just six agents, saw the company grow to the point where it became one of the leading real estate brands in the province by 2010. Offices in Johannesburg and the Western Cape opened almost simultaneously in 2015 and aggressive growth across all three markets has positioned the company to benefit from accruing strong market share within a short timeframe. Today, the company has 420 agents and envisages
growing this number substantially within the next year. Tyson says his role will now be more strategic as he guides the leadership of the company to respond to a volatile market while actioning the growth strategy put in place during Covid-19 lockdowns. He will also play a more hands-on role in the growth of the Gauteng offices. “We came out of hard lockdown well. We experienced some setbacks in 2020, but 2021 has been
our best year yet. To drive the company to where it needs to go in the near future, we needed more employees. If we did not expand, we would have stagnated as a company. We now find ourselves at an exciting stage as we put in place all that is needed to ensure Tyson Properties is perfectly positioned to handle future growth,” says Tyson. Pearson, who has been mentored by Tyson, shares the same work ethic and values and they will continue to work together
to position Tyson Properties as the next iconic real estate brand in SA. “As a brand, we are investing heavily into the South African market. We are here to make some changes, even ruffle a few feathers – but, ultimately, we want to grow into our potential. To do that, we have to believe in our country, grow with it and be flexible enough to meet the market’s needs,” he says. For more information, visit www.tysonprop.co.za
One Location. Endless Possibilities.
LUXURY EXECUTIVE SUITES, ONE & TWO BED APARTMENTS selling from
Executive Suite Apartment
R925 000
1 Bedroom Apartment
2 Bedroom Apartment
On show Monday to Sunday from 11:00 to 17:00.
OVER
One Rosebank, a contemporary development from Tricolt in the heart of Joburg’s hippest suburb ticks all the boxes. Luxury executive suites, one and two bedroom apartments start from R925 000 with plenty of amenities both on the property and within walking distance. Visit our showroom apartment, located at 37 Cradock Avenue, Rosebank.
AMENITIES
– – – – – –
+ONE Skybar & Restaurant Leisure Pool Sunset Boma Residents’ Gym Central Landscaped Piazza Hot Desks & Meeting Rooms
– – – – –
Coffee Bar Poolside Bar Outdoor Braai Areas Sauna & Steam Room Soccer Field & Basketball Court
185
SALES SINCE LAUNCH
ENQUIRE NOW
0861 626 626 | sales@onerosebank.co.za | onerosebank.co.za
LAUNCHING
31 MARCH 2022 – 3 APRIL 2022
N GOLF CLUB GTO
YAL JOHANNE RO
URG & KENSIN SB
BROOKFIELD at Royal
The First Luxury Residential Development at Royal
1, 2 & 3 BEDROOM APARTMENTS ON THE GOLF COURSE
1 Bedroom
2 Bedroom
3 Bedroom
FROM R1 095 000
FROM R2 495 000
FROM R2 995 000
En-Suite
En-Suite / Garden / Penthouse
En-Suite / Garden / Penthouse
Enjoy contemporary living in a beautiful parkland setting. Brookfield at Royal, the first luxury apartment development situated within the precincts of Royal Johannesburg & Kensington Golf Club overlooking the fabled East Course. Brookfield offers one, two and three bedroom configurations which start from 38m2 up to 154m2 penthouses. The development features superior finishes, expansive open-plan kitchens, patios with braai areas, balconies and gardens overlooking the Royal Fairway.
AMENITIES
Two award-winning golf courses | Gym and lifestyle club | Cycling and running trails Restaurants | Business centre | Banqueting and wedding venue | Outdoor playground
Join us for the official launch on the 31st of March 2022 from 12pm - 5pm. Edward Avenue, Linksfield, Johannesburg.
0861 683 683 | royaljkdevelopments.co.za
SCAN QR CODE TO RSVP FOR LAUNCH
FOCUS ON: @SANDTON APARTMENTS
The ultimate lifestyle After more than five years of construction, the Acsiopolis Node in Sandton is almost complete and will change not only the Sandton skyline, but the lives of future residents by offering myriad amenities under one roof WORDS AND PHOTOS: SUPPLIED
M
ixed-use developments have understandably been on the rise for many years. People want to work, live and shop safely and conveniently within a community, without daily commutes for basic services and facilities. In response to this growing need, Acsion and its development wing Anaprop has created the Acsiopolis Node – a landmark development that’s pushing the envelope and creating an incredible quality of life for its residents. So incredible, in fact, that they may never have to leave. “There’s nothing like this in Sandton. Acsiopolis is a building that provides ease of living for all its residents, with all amenities and services under one roof,” says Astrino Nicoloudakis,
Chief Investment Officer of Acsion. “After assessing the demand and the investment by multinational companies within the area, it was clear that reasonably priced, high-end accommodation was required. Acsiopolis is all about luxury at an affordable price and we can’t wait to see how this groundbreaking development evolves.” With 1,041 units in total, Acsiopolis comprises residential (Sandton Apartments), hospitality (Sandton Hotel), retail and services (Sandton Lifestyle), essentially a city within a city that provides everything a resident could need, in one location. “What makes this particularly exciting is that all ages and lifestyles are catered for,” says Astrino. “Whether residents are single professionals, families or business travellers, we’ve thought of everything to make their lives more convenient and comfortable.”
ESSENTIAL OFFERINGS In providing the ultimate ease of living, Acsiopolis is centred on essential offerings. First and foremost, there’ll be no interruption to electricity and water services. With backup power and water on site, there is no concern about water outages and electricity interruptions. Safety and security are paramount and the building is monitored 24/7 by artificial intelligence, with biometric access and licence plate recognition in all parking areas. It’s not just the security that’s tech savvy- high speed Wi-Fi is available throughout the node and rooms and apartments are VOIP- and DSTV-ready, with complimentary plug and play satellite channels available immediately. Services such as laundry, housekeeping, ATM, car washes and shuttles are provided within the building, while medical suites are scheduled to open within the node in the near future. Families are well taken care of and parents of young ones will be excited about the in-house crèche where professional child-minders look after children while keeping them busy with stimulating arts, crafts and games. A children’s
swimming pool and play area with all the bells and whistles will keep children entertained for hours, and a small cinema is available for movie nights. As remote working continues to be a reality for many South Africans, the CoWorx working space provides a professional setting where small businesses, freelancers and hybrid workers can get things done.
DINING OPTIONS What would the ultimate lifestyle be without excellent food and wine? The Sandton Hotel offers several eateries, each offering a delicious dining experience. These include casual poolside bites at the Pool Bar, lattes, espressos and cortados at the Coffee Bar, gourmet grills at Sandton Restaurant and high-end dining at the Tasting Room. Perere by Gushima and Fileto by Chef Coco Reinarhz will open their doors on the Acsiopolis Node’s Piazza in April. Both owner-run restaurants were hand selected by the development team as they epitomise the philosophy of hands-on service and authentic fare envisioned for the node. The in-house deli is a one-stop foodie shop offering grab-and -go items such as smoothies and sandwiches, heat-andeat meals and basics such as bread, milk and cheese. The onsite liquor store offers a curated selection of wines and artisanal liquors, perfect for a night in, and a walk-in wine viewing cellar, liquor storage facility and opulent cigar bar round off the exceptional food and beverage offerings. If it’s wellness you’re after, you won’t have to travel far. What could be better than having an in-house spa team at your service? From manicures and pedicures, waxing and facials, to full body massages, the Sandton Spa team is ready to soothe away the worries of the day. Those who would prefer to work out their stress on the treadmill can do so at the 24-hour gym, which comes fully equipped with the latest in fitness machinery, while the yoga and Pilates studio provides a calm space in which to stretch, breathe and reconnect.
THERE’S NO PLACE LIKE HOME The Sandton Apartments is housed within Acsiopolis Node’s residential towers and provides long-term luxury rentals for those who want to call this dynamic hub home. The apartments come complete with highend fittings and quality appliances, and command breathtaking views across the north of Johannesburg towards Magaliesburg. Conveniently, they’re available unfurnished or plushly furnished with bespoke items, and rooms can also be configured for corporate use. Units range from an elegant studio apartment (41m²), starting at R8,700 per month unfurnished and R10,600 furnished, up to a spacious three-bedroom apartment (118m²-283m²) starting from R28 800,00 unfurnished to R32,000 furnished. One-bedroom
apartments (50m²-72m²) are available with a lounger (R11.600,per month unfurnished, R14,000 furnished), as well as a separate study for those who’ll be working from home (R12,300 unfurnished, R15,000 furnished). Twobedroom apartments (71m²-146m²) start from R18,300 unfurnished and R22,400 furnished. It’s not just the beautiful apartments that are turning the heads of prospective residents. Access to exclusive amenities is the cherry on
the top of this gorgeous Sandton lifestyle. “For residents, life at Sandton Apartments epitomises luxury living,” says Simoné Muller, property manager. “Residents have full access to the Sandton Hotel amenities, as well as residents-only access to areas of the Clubhouse, Vinstore and CoWorx. If you consider the luxury fittings used throughout the apartments, the incredible views and the amenities within Acsiopolis, this is the place to be.”
GET IN TOUCH For more information on @Sandton Hotel, visit www.sandton-hotel.com or follow on Instagram: @sandtonhotel @Sandton Apartments www.sandton-apartments.com Facebook: @SandtonApartmentsAndLifestyle Instagram: @sandtonapts
D ST E JU CH 1 W O N U SE N LA HA LE P A S ON
SECURE AFFORDABLE L UXURY Savour the Stellenbosch lifestyle at Voliere, a new secure estate crafted for wholesome country living with urban convenience.
JUST LAUNCHED. PHASE 1 ON SALE NOW
WHOLESOME
ESTATE LIVING
In the heart of the Cape Winelands, where the northern limits of vibrant Stellenbosch meet the wine estates of the Simonsberg, Voliere brings affordable luxury to one of South Africa’s most desirable areas. The area’s wine farms, food markets, nature reserves, al fresco dining scene and cultural events are easily accessible from this well-appointed estate, offering activities from trail runs to family picnics. Add Stellenbosch’s famous educational institutions, as well as the opportunities in the Cape Winelands’ other hubs, and Voliere is the ideal setting for working, studying, and enjoying the beautiful region’s world-famous outdoor lifestyle. The estate lives up to its name (French for aviary) with contemporary Cape Vernacular homes, designed by the Dennis Moss Partnership, as well as state-of-the-art security, landscaped gardens, co-working space, outdoor gym and perimeter running track. Stellenbosch town centre is just 3,5 km from Voliere, which has direct and easy access to the R44, while joggers, cyclists and nature lovers can easily escape to the surrounding mountains.
Visit https://voliere.co.za/ or contact Maria de Villiers on +27 83 251 3008 or email sales@voliere.co.za
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SA embraces 15-minute neighbourhood trend Station House, Sea Point
Covid-19 lockdowns and rising fuel prices have seen the concept of a 15-minute neighbourhood gaining traction locally WORDS: AND PHOTOS: SUPPLIED
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he “15-minute neighbourhood” concept may not be new, but since Covid-19 hit our shores it is certainly a trend that has had new life breathed into it within SA’s property market. Add to that the current spike in fuel costs and you have the perfect conditions for this lifestyle trend to grow and flourish. So says Rainmaker’s Marketing Director Stefan Botha whose awardwinning agency specialises
Umhlanga Arch
Stefan Botha, Director and Founder of Rainmaker Marketing
The Watt Club in Durban’s CBD
HQ Sandton
in the property sector. There is no question convenience is key and most consumers opt for lifestyle and comfort when choosing their homes. Many have also been working from home following the Covid-19 lockdowns. This alone could explain the increase over the past two years in developments across SA that offer consumers work, schools, entertainment and important shopping amenities on their doorstep. A 15-minute neighbourhood is a residential concept in which most daily necessities can be accomplished by either walking or cycling from home, and was recently popularised by Paris mayor Anne Hidalgo. The concept of living 15 minutes away from everything is thought to improve one’s quality of life which, according to Rainmaker’s National Residential Property Trends for 2021 survey, has become a number one priority for consumers since the pandemic. The concept of living locally has been trending for years but implementing this vision has brought new life to many areas in KwaZuluNatal, Johannesburg and
Cape Town. Existing research and observations from the market support the fact that, in general, people will trade size for security and location, especially if they can enjoy greater recreational benefits within close proximity to their homes.
HYPERLOCALISATION TREND IS GROWING Botha believes that home buyers are adopting this living arrangement due to two major factors. The first is hyperlocalisation as a result of Covid-19. People appreciate the importance of community and want to avoid the hassle and escalating costs linked to transport. The recent increase in fuel costs in SA, will only strengthen the need to live, work and play within a smaller perimeter. Take for example the newly launched Watt Club in Durban’s CBD where work, life and play are central. Consumers will save on transport costs and time by choosing to live in this prime location. Johannesburg has also recently seen HQ Sandton, a new residential development, launched in the heart of Sandton. It is set to meet the demands of
consumers wanting to live and work in Africa’s richest square mile but at an affordable price. Cape Town has successfully launched Station House Sea Point with more than 15 lifestyle amenities built into the luxury development. The fact that it achieved R310m in sales in less than three months is also testament to the fact that hyperlocalisation is undoubtedly here to stay and no longer exclusive to Europe.
RENEWED INTEREST IN TOWN CENTRE Furthermore, in places such as Durban Central and Umhlanga Ridge, town centre developers are seeing the need for people to live in well established, amenity rich areas supported by precinct management. At a recent property webinar Sandton central’s precinct manager, Elaine Jack, drew attention to the fact that the pandemic highlighted the live-work-play balance and that Sandton’s vision for development has revolved around the notion of a 15-minute neighbourhood. According to Jack, they have been encouraging the residential property market
in Sandton so that people can now live near their places of work and also have quick and easy access to the places where they like to play. This trend can be seen in a development such as HQ Sandton, which offers facilities such as a rooftop garden and bar, a restaurant and gym, while the actual development is situated in a prime location within walking distance of Sandton City shopping centre, the Gautrain and five minutes from the M1. Even in a development such as Umhlanga Arch in Durban, which has become a trendy tourist and local hub, you’ll find business people from all over Umhlanga. Its prime location, close to some of Durban’s biggest corporates, allows the development to draw in people to live, work and play. The new 15-minute neighbourhood trend has homeowners and investors weighing up the costs of this arrangement against home price and travel costs. Based on Rainmaker’s National Residential Property Trends for 2021 survey, we can confidently say that location is a key driver for property growth. The closer people are to everything they need, the better. The 15-minute neighbourhood is definitely making itself at home in SA and Botha believes we’ll also see more of an uptake of this trend in 2022 and beyond from the international property scene. Locally Botha thinks we’ll see more urban and inner city renewal happening with developers such as Homii leading the charge. The Watt Club is the first of many developments that aim to reactivate underutilised spaces and appeal to buyers wishing to improve their quality of life while reducing their commute, mitigating their carbon footprint and minimising time normally spent travelling. This aligns with a growing national trend that converts retail and commercial opportunities in key business districts to satisfy the demand for a lifestyle that offers all amenities within one space.
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Old site redeveloped brick by brick Investec Property is to redevelop Durban’s old Corobrik site into one of the largest business and logistics parks in KwaZulu-Natal. The Brickworks is being positioned to attract large users of warehousing and logistics space, in the province and countrywide WORDS AND PHOTOS: SUPPLIED
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n a vote of confidence for KwaZulu-Natal, Investec Property is redeveloping Durban’s Corobrik site, located in city’s northern corridor. Investec Property estimates the total development over three phases including the top structure will be valued at more than R6bn on completion. The Brickworks will become one of SA’s most pivotal logistics and distribution hubs due to its superior location,
access and security. “Investec Property, a subsidiary of Investec Bank, is proud to be the development company spearheading the creation of what is set to be an iconic industrial park,” joint-CEO David Rosmarin says. “We believe this development is also a vote of confidence in the future of KwaZulu-Natal and SA. While the property market has been challenged by the pandemic and lockdowns, industrial property, in
particular warehousing and logistics facilities, have proven to be resilient. The growth in e-commerce has driven demand for best-in-class logistics offerings,” Rosmarin says. Strategically located between Riverhorse Valley and Umhlanga, The Brickworks will offer world-class facilities to a range of users, with the capacity to store and distribute goods without them being compromised.
ATTRACTIVE AND RELIABLE OFFERING The development currently represents one of the largest earthmoving contracts in KwaZuluNatal, moving 1.7-million cubic metres of earth to create extensive platforms. The commencement of top structure development is planned to begin in the second half of 2022. “Our large platforms will allow for the construction of warehouses with up to 100,000m² under
roof. Having access to platforms of this size is our biggest strategic advantage. The market has responded positively and we are in discussion with numerous users and clients,” says Investec Property’s Iain Burns, development manager of The Brickworks. The site is exceptionally well located and the logistics park’s access to major arterial and alternative road networks offers a strategic
advantage to users. The major infrastructure improvements and top structure developments will also provide significant job creation opportunities. Rosmarin explains that the first phase of construction will result in about 150,000m² of gross lettable area (GLA), worth close to R2bn. Once all three phases have been developed, The Brickworks will measure in excess of 450,000m² of GLA at an estimated value of R6bn.
David Rosmarin, joint CEO of Investec Property
RESPECTING HISTORY The Corobrik factory originally opened in 1898 and for more than 100 years it provided brick materials to a range of construction users and property developers. “Investec Property has developed some of SA’s most prominent and progressive world-class properties over the past four decades. We are proud to be able to bring a business and logistics park of this size and
stature to the region,” says Rosmarin. The reinvigoration of the factory site will bring ongoing sustainable long-term economic stimulus to KwaZulu-Natal. The Brickworks is also a victory for the City of eThekwini, as it forms part of the city’s Economic Development Incentive Policy, which aids investment in the city and contributes to job creation.
Iain Burns, development executive of The Brickworks
FOCUS ON: CENTRAL DEVELOPMENTS
Reaping the rewards
ADVERTORIAL
Investors seeking new property avenues to explore would do well to look at the more affordable sector WORDS AND PHOTOS: SUPPLIED
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partments and houses priced under R1m might not have the glamour of high-end luxury developments, but with a large tenant pool and high return on investment, the affordable sector holds many rewards for the savvy property investor. Thanks to the low interest rate, demand for apartments within this price bracket has dramatically increased over the past two years, leading Central Developments to sell apartments within some of their previously rental-only developments. We chatted to Alda Erasmus, Head of Communications, about what this sector offers investors and why it’s still a good time to invest.
WHAT DO PROPERTIES PRICED UNDER R1M OFFER INVESTORS? As an investor, you don’t want to put all your eggs in one basket. Investors can, for example, afford to buy two more affordably priced
apartments for the price of one higher-priced buy-to-let property which allows them to spread their risk. Should an investor have an issue with a defaulting tenant, their income is dented but not wholly affected. Their tenant pool is also much bigger – properties in the more affordable sector are in high demand and there are more potential tenants able to rent for R6,000 to R8,000 a month than for R15,000 or more a month.
ARE YOU SEEING A LOT OF MOVEMENT IN THIS SPACE? When the interest rates dropped two years ago, people who were previously renting could suddenly afford to buy an apartment and pay less for their bonds than on their rent. We have seen many people become homeowners over the past two years who might otherwise not have been able to. These have typically been young, firsttime homebuyers. As the drop in the interest rates increased the demand for these more affordable properties, we began to sell off the apartments in some of our previously rental-only complexes. It was the perfect time to start selling these off as the demand was there and the market was ready for it.
HOW ARE SALES WITHIN THESE DEVELOPMENTS TRACKING?
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All the apartments within Boardwalk Heights (Pretoria East) and The Junction Village 1 (Centurion) are sold out, Route 82 (Kibler Park) is 50% sold out and Oxford Heights (Montana) is 85% sold out with 480 of its 560 apartments sold since sales started in July 2021. We have plans to take San Ridge Heights (Midrand) to market soon. What has been quite interesting is that a few of the apartments have been cash-flow positive investments from day one, which is quite rare in investment properties as it usually takes about three
years to achieve this.
WHAT RETURN ON INVESTMENT (ROI) ARE INVESTORS SEEING? It depends on the selling price - the more affordably priced the apartment, the higher the return on investment. Apartments within Route 82, for example, cost between R665,000 to R839,000 with a projected ROI of 12.5% and 13.7%. Oxford Heights’ apartments cost between R685,000 and R1.041m, with an estimated ROI of between 13.3% and 11.8% in year one. The ROI in these cases is calculated on a projected capital growth of 5% and net rental income per annum
DO YOU THINK IT IS STILL A GOOD TIME TO INVEST IN THIS SPACE? Investors will still get a good return on investment now. Even though interest rates have started increasing slowly again, they are still low compared to pre-Covid rates.
WHAT ARE THE BENEFITS FOR INVESTORS OF BUYING WITHIN CENTRAL DEVELOPMENTS? When we originally build these developments, they have to be financially viable for us. To ensure that they are, we do extensive research before we develop and
choose prime areas close to public transport routes, shopping centres, recreational amenities and schooling. These developments are also already fully tenanted, in high-demand areas and have been operating successfully for four to six years, so the proof is in the pudding. We also have a preferred
property management partner, CSi Property Management, which is an added benefit for investors. For a small monthly fee, they will take care of the nuts and bolts of the rental, from lease agreement renewal and maintenance to tenant vetting and chasing up payments.
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