Neighbourhood 27 JANUARY 2019
PROPERTY & LIFESTYLE
Delicious art The Norval Foundation in the Southern Suburbs of Cape Town combines high-quality art exhibitions with equally gorgeous food, page 3
10
2
VINTAGE VINES
yourneighbourhood.co.za
4
NOT-SO-HIDDEN COSTS
6
SCHOOLS GALORE
Connecting homeowners with great communities
10
RETIREMENT FOCUS
2
NEWS & LIFESTYLE
27 JANUARY 2019
Editor’s exclusive CARLA REDELINGHUYS
Come one, come all
C
an you believe we’re already at the end of January? My late grandfather had a theory: every year passes quicker than the previous one. I don’t think he had any scientific backing for his belief, but I’m inclined to support it. Maybe it’s because we live such hurried lives that time seems to pass so quickly.
to make the most of my weekends and get out of the city and enjoy everything the surrounding areas has to offer. We’re privileged to stay in one of the most beautiful countries in the world, so we owe it to ourselves to make the most of it.
Neighbourhood
In your hood:
Wellington
Welgegund | welgegund.co.za | 021 873 2123
Old vines, great wines An old estate on the outskirts of Wellington is showing the potential of the Cape’s heritage vineyards.
Whatever the reason, it’s one of the resolutions I made: to go slower this year and enjoy the now –
WORDS: RICHARD HOLMES
IMAGES: SUPPLIED & SHUTTERSTOCK
S
What’s good?
In Paarl What? Backsberg Summer Picnic Concerts When and where? 10 February to 10 March
B
acksberg’s 10th annual picnic concerts returns in February. From Shortstraw, Bottomless Coffee, and Zolani (Freshly Ground), to Beatenberg and Opposite the Other, the line-up features the best of local talent. Grab a spot on the lawn, dig into your pre-ordered picnic basket or pick up something from one of the food trucks and listen to some tunes. There’s a play area for the little ones, and for the grownups (over 18) a complimentary glass of Backsberg wine is included in the ticket price. More information backsberg.co.za/tag/picnic-concerts
In Franschhoek
outh Africa may fall into the so-called “New World” of wine-producing countries, but there’s certainly no shortage of heritage to uncover. Wine has been made in the Cape for over 300 years, and winemakers are increasingly tapping into the winemaking magic that lies in the Cape’s older vineyards. The Old Vine Project – which celebrates and conserves the country’s older vineyards – defines those as vineyards older than 35 years. And Welgegund on the outskirts of Wellington certainly boasts deep roots in the Winelands. It’s an estate that’s kept a low profile until recently, but in fact dates back to the late-1700s. Once a fruit farm in the commercial empire of Cecil John Rhodes, it’s been under new ownership since 2014. Since then the Brimacombe family has given the estate a new lease on life, restoring the 200-year-old manor house and conserving historic buildings across the 35ha farm.
a Rhône-style blend of shiraz, cinsault and carignan, is equally appealing – all dark fruit, spice and silky tannins. While chenin blanc and Rhône varietals are well-known by local wine-lovers, Friedrich also honours the vinous heritage of the Cape with a singlevarietal cinsault. This underrated grape was once a key cultivar in the local wine industry, and is slowly coming back into fashion. His Single Vineyard Cinsault 2017 is an example worth seeking out. The new kid on the Welgegund block is the Grenache Noir, planted in 2006 as dry land bush vines and also showing great promise.
More importantly, they have focussed on the potential of the old bush vines that grace the property. The Welgegund estate has no shortage of venerable old vines – it’s home to chenin blanc and cinsault planted in 1974 and carignan from 1979. Although yielding just a few tonnes per hectare, the wines crafted by winemaker Friedrich Kühn are impressive, with the barrel-fermented chenin blanc from the 2017 vintage bagging a Double Platinum award at the 2018 National Wine Challenge. The farm’s Welgegund Heritage Wines Providence 2015,
What? Franschhoek Summer Wines
win
When and where? 2 February from 12pm to 5pm, Leopard’s Leap Family Vineyards
D
ress to the nines in your crispest whites and head to the Franschhoek Valley for this year’s Summer Wines Festivals. Enjoy some of the area’s best whites, rosés, MCCs and light red wines perfectly paired with food prepared by chef Pieter de Jager and his team. Relax on the sprawling lawn or in the comfort of the enclosed patio area of the venue while listening to live music. A perfect way to spend a beautiful summer’s day. More information 021 876 2861 bit.ly/2CBAoCY PUBLISHED BY TIMES MEDIA PROPERTY PUBLISHING 1st Floor, Block H, Sable Square cnr Bosmansdam and Ratanga roads Milnerton, Cape Town
One lucky reader stands a chance of winning two tickets to this year’s Franschhoek Summer Wines festival. The prize includes entry, a complimentary tasting glass, tastings of the wines on show, as well as discount vouchers to be used for the purchase of any show wines on the day. Send an email with your name and contact details to carla@yourneighbourhood.co.za to stand a chance to win. The winner will be contacted by Tuesday, 29 January.
EDITORIAL TEAM:
ADVERTISING SALES:
Group Editor: Carla Redelinghuys carla@yourneighbourhood.co.za Senior Sub-Editor: Marana Brand Designers: Anja Bramley & Samantha Durand Visit yourneighbourhood.co.za
Call us for advertising opportunities on 087 828 0423 Production (Editorial & Property Advertising): Lucea Goosen capetown@yourneighbourhood.co.za Online coordinator: Chantelle Balsdon chantelle@augmentcreative.com
27 JANUARY 2019
Neighbourhood
In your hood:
Tokai
In your hood:
Skotnes Restaurant at the Norval Foundation | 087 654 5902 | norvalfoundation.org/skotnes-restaurant
NEWS & LIFESTYLE
3
Somerset West
MediSpa | plasticsurgerycentre.co.za/medispa
The changing face of ageing MediSpa is exploring new ways of slowing down ageing WORDS: BELINDA MOUNTAIN
IMAGES: SUPPLIED
W
ith the launch of a new MediSpa in Somerset West, this Western Cape town is leading the way when it comes to anti-ageing techniques. Headed up by Dr Rory Dower, a plastic surgeon who’s spent years learning from the best both internationally and locally, the medical spa takes a new approach to the concept of defying age through skin treatments – in fact, Rory and his team don’t even like to refer to it as “anti-ageing” anymore. “Opening our therapy specialist medical spa was an intuitive process for me, because I wanted to provide a multi-faceted approach to how people choose to age,” says Rory. “The concept of starting to actively treat the skin from a young age just made more sense to me. Often this approach alone is enough, as it can prevent the desire or need for surgery at a later stage.”
The art of eating Enjoy a palette of South African flavours at the Skotnes Restaurant WORDS: KIT HEATHCOCK IMAGES: CLAIRE GUNN
W
hile the attention of the art world was focussed on the fanfare of the Zeitz MOCAA opening, a smaller but equally exciting initiative was quietly preparing to bring cutting-edge contemporary art to the Southern Suburbs. The Norval Foundation occupies a narrow strip of land between wetlands and road next to the Steenberg estate and was designed to be family- and community-friendly from the start. Hosting three beautifully curated exhibitions at a time, the galleries are small enough to be absorbed and explored over a leisurely hour, after which you spill out into the sculpture garden that flows around the wetlands, kids running around the network of paths and exploring the climbable sculptures in the playground area. Viewing art works up an appetite and The Norval Foundation comes up trumps here. The Skotnes Restaurant, named after the legendary South African artist, has a colourful menu put together from a broad South African palette, contemporary bistro fare that is both sustaining and creative. Having fallen in love with the stunning Wim Botha exhibition ( just closed; new exhibitions from 13 February) including his Mieliepap Pietà, we had to go for a starter of calamari on mieliepap – moreish sweetcorn pap serving as a foundation for crispy tentacles, tender calamari, radish and mildly spicy chakalaka. Chef Phil de Villiers plays with intrinsically South African flavours keeping things simple and beautifully presented.
Instead of only using one technique, Rory’s team choose from a range of noninvasive and invasive options to craft customised treatments. This could include a medical-grade facial, which uses a stronger concentration of active ingredients, as well as chemical peels and microneedling.
We couldn’t resist the braaied watermelon, a sweet savoury summer starter, balanced with pickled melon rind, feta, olives, onion and salad leaves. The lunch menu includes affordable one-dish meals such as their delectable sounding jaffels and salads, a good selection of kids’ meals, plus there’s a gelato counter for after-lunch treats. Exploring the à la carte mains, we enjoyed a deconstructed and reinvented bobotie, succulent chunks of lamb shoulder served with curried mayo, luscious butternut fritters, apricot mebos chutney and a side of coconut rice; and a generous wedge of yellowtail served with mussels, artichoke hearts, seaweed, and a fresh salad with hummus. After the sizable portions, dessert was pure over-indulgence, but worth it. The braaied rhubarb plate included a cinnamon sugar magwenya (vetkoek) filled with rhubarb puree, plus rhubarb frozen yoghurt, sago and geraniumcured strawberries. The totally rich and decadent malt mousse with dark chocolate supreme and candied sorghum popcorn is OTT heaven, one to share.
GOOD TO KNOW • Under-18s get free entrance to the museum. • On Mondays it’s free for all the family, just a small parking fee. • Picnic baskets include museum entry in the price.
Women (and some men) of all ages are increasingly turning to treatments such as these, as well as fillers and Botox, to retain a more youthful appearance – whereas this was mostly unheard of a generation ago. Taking it a step further, Rory also offers a high-SMAS facelift, a treatment that’s becoming increasingly popular. According to the American Society of Aesthetic Plastic Surgeons, the number of patients having cosmetic surgery increased by 11% in 2017. This is for many reasons, including what they call “the selfie effect”, where social media causes people to seeing more and more pictures of themselves and noticing any imperfections. There’s also less of a social stigma attached to plastic surgery these days, as well as improved techniques and safety, leading to better results. “The patients who are happiest are those who have surgery to address something specific that bothers them, for example, signs of facial ageing or very large, prominent ears. I enjoy these surgeries because I see the change they bring to a person’s life,” Rory concludes.
4
PROPERTY NEWS
27 JANUARY 2019
Neighbourhood
What lies beneath When it comes to buying a property, it’s vital to take additional costs into account. They’re not hidden, but these figures often come as a shock. WORDS: ANNE SCHAUFFER
IMAGE: SHUTTERSTOCK
W
hen you’re property shopping, understand and budget for the costs over and above the purchase price. They shouldn’t come as a surprise, but rather be considered part and parcel of the buying process and cost. There are a number of costs covering different “functions” of the process. The major advantage today is you can access the costing online, so you have a good estimate from day one. Once the process gets underway, some conveyancers, such as Meumann White Attorneys, allow you to track your property transfer. Everything’s transparent.
What costs are involved?
These are the property transfer registration costs; if the purchaser requires a bond to be registered over the property there are bond registration fees; and transfer duty.
Who is it paid to?
The property transfer fees and disbursements are paid to the property transfer attorney (otherwise called a conveyancer), usually appointed by the seller to transfer ownership to the purchaser. This cost varies and is dependent on the purchase price. The costs payable to the property transfer attorney comprise the conveyancer’s fees plus VAT, the transfer duty payable to Sars, estimated rates, levies, and other standard disbursements. If the purchase price of the property is less than R900,000, you’re exempt from paying transfer duty. The bond registration costs are paid to the bond registration attorney (this could be
the same firm that is attending to the property transfer registration). If the seller had a bond registered over the property, that bond has to be cancelled, in which case a bond cancellation attorney is instructed by the bank which initially gave the seller a loan. These bond cancellation costs are paid by the seller.
How to work it out
Rhys Dyer, CEO of bond originators ooba, urges buyers to access ooba’s easy online bond and transfer costs calculator. Input your property price and size of home loan, and you’ll have the relevant acquisition costs within seconds. Dyer believes education around these costs is vital, and should be understood and budgeted for before shopping for a property. These costs cannot usually be included in the loan applied to for the purchase price. “Depending entirely on the circumstances of the buyer,” says Dyer, “first-time homeowners can get up to a 104% bond for a property being sold for R1m or less. Securing more than a 100% bond, the home loan financing is likely to cover the cost of the property, as well as the transfer duty and related start-up costs such as conveyancing fees, bond registration costs and the cost of valuing the property. That means they’ll have enough to cover the monthly home loan repayment without paying a deposit. Each case is looked at individually, and the banks (only two currently do this) generally only do this for clients who earn below a certain earnings threshold – currently about R23,000
per month. The customer would need to have sufficient affordability and a strong payment history.”
Raising funds
For those who don’t qualify, saving for a deposit and costs can be challenging. “We advise customers to start saving for these costs around two years before they intend buying a property. Change your lifestyle and spending habits, so you have extra to save every month, plus any bonuses or gifts. If you haven’t done this, other options are to use some of the profit you’re making on selling your existing property; borrow against your pension fund; consider the financing or re-financing of a movable asset such as your vehicle; or if you’re not selling your existing property, draw against your access bond facility or take a bond on this property if it’s currently unbonded; consider applying for a personal loan; try selling unwanted and unused goods; and finally, perhaps borrow these costs from your parents – they may even consider ‘gifting’ these funds as an early inheritance,” Dyer says.
Those unhidden costs unpacked
The two main costs for a purchaser are therefore: • the bond registration attorney’s costs and disbursements • the property transfer attorney’s costs and disbursements – which includes the transfer duty payable to Sars, estimated rates payable to the municipality, estimated levies (in the case of sectional title), deeds office fees, and other sundry and petty items
Example If the price of your new home is R2,5m, and you’ve been approved for a home loan of R2m, your total costs, estimated by the ooba calculator, including VAT, are R179,608. Bond registration costs (incl VAT) Bond registration cost (incl VAT) Bank initiation fee (incl VAT) * Post, petties, Fica and other fees (incl VAT) ***
R36,710 R29,187 R6,038 R1,485
Transfer costs (incl VAT) Property transfer costs (incl VAT) Transfer duty ** Post, petties, Fica and other fees (incl VAT) ***
R142,898 R33,413 R108,000 R1,485
* This is a once-off bank fee. Certain lenders may charge a higher amount for juristic entities e.g. companies and trusts ** If the seller is a VAT vendor, there will be VAT payable on the purchase price *** Approximation
Sars table for transfer duty 1 March 2018 to 28 February 2019
Value of the property (R)
Rate
0 – 900,000
0%
900,001 – 1,25m
3% of the value above R900,000
1,250,001 – 1,75m
R10,500 + 6% of the value above R 1,25m
1,750,001 – 2,25m
R40,500 + 8% of the value above R 1,75m
2,250,001 – 10m
R80,500 +11% of the value above R2,25m
10,000,001 and above
R933,000 + 13% of the value above R10m
FREE PRESCRIPTION
SUNGLASSES consisting of an optical frame with tinted single vision lenses
up to R2500*
Antonie Botes
Adrian Moore
Abrie Marais
Mariaan Rossouw
Julie De Carle
Ilze Language
Henry Alexander
Wesley Language
Neighbourhood
SCHOOLS IN YOUR AREA
Sunday Times Neighbourhood Congratulates the class of 2018. Well done matrics!
PARKLANDS COLLEGE & CHRISTOPHER ROBIN PRE-PRIMARY (EST. 1980) Congratulations to our Matriculants of 2018 on their wonderful results and 100% Pass Rate. We celebrate another year of academic excellence!
TOP ACHIEVERS 2018 Tara Grobbelaar 8 Distinctions
Tara Pohl 8 Distinctions
Frank Smuts 8 Distinctions
Megan Conradie 7 Distinctions
Cecilia van der Walt 8 Distinctions
English HL, Afrikaans FAL, Mathematics, Life Orientation, Accounting, Economics, Life Sciences, Physical Sciences
English HL, Afrikaans FAL, Mathematics, Life Orientation, Engineering Graphics and Design, AP Maths, Life Sciences, Physical Sciences
English HL, Afrikaans FAL, Mathematics, Life Orientation, Engineering Graphics and Design, Information Technology, Music, Physical Sciences
English HL, Afrikaans FAL, Mathematics, Life Orientation, Accounting, Life Sciences, Physical Sciences
English HL, Afrikaans FAL, Mathematics, Life Orientation, Physical Sciences, Business Studies, Life Sciences, Dance
Candace Boorman 7 Distinctions
Nina Rossouw 7 Distinctions
Simeon September 6 Distinctions
Jamie Turnbull 7 Distinctions
Jade Simoen 6 Distinctions
Leila Bogner 6 Distinctions
Carla Streicher 6 Distinctions
Phoebe Bogner 6 Distinctions
Emile Tredoux 6 Distinctions
Chelsea Botha 6 Distinctions
Amy van Wyk 6 Distinctions
Megan Bremner 6 Distinctions
Caleigh Wehmeyer 6 Distinctions
Megan Büttgen 6 Distinctions
Mia Brown 5 Distinctions
Nicayla de Villiers 6 Distinctions
Stephanus Cilliers 5 Distinctions
Mia Laubenheimer 6 Distinctions
Justin Coburn 5 Distinctions
Harley Moriarty 6 Distinctions
Constantina Hadjidakis 5 Distinctions
4 Distinctions: Lisa Courtnadge, Connor Jamieson, Kelly Martin, Ashley Sutton, Ducan Torbet 3 Distinctions: Enzo Perez Afonso, Louis Bosch, Lolita De Abreu, Troy Innes, Retha Jordaan, Ursulla Munyange Kapwaya, Tania Kianda Nkulu, Scott Moreau, Sarika Naidoo, Gabriella Nunes, Mia Pretorius, Sarah Stewart 2 Distinctions: Meritxell Cilliers, Jessica Dobkins, Lee Esterhuizen, Nicholas Hanel, Sinead Hook, Audrey-Hillaire Kalombo, Robyn Karsten, Melisa Mbero, Mpho Rahube, Daniel Robinson, Matthew Sherlock, Zoë van Rooyen 1 Distinction: Filippo Cortese, Alaia De Blanche, Murray Fogg, Zihan Jin, Eui-Young Jung, Alexander Kugelmann, Arminda Lima-Goncalves, Taine Reyolds, Ross Sinclair, York Stocker, Liam Stoffberg, Tamaryn Taylor, Seth Vögler
31 A Aggregates Subject A: 257 Subject B: 181
95 Candidates: 92 Pass with entry to Bachelor Degree Studies and 3 to Diploma Studies
2 learners ranked in the Top 20 achievers in the NSC 2018 and the College ranked 11th on the Top 20 list of top performing schools in the Western Cape
Front Row: Caleigh Wehmeyer, Tamaryn Taylor, Phoebe Bogner, Amy Van Wyk, Sabrina Da Mata, Tara Pohl, Simeon September, Frank Smuts, Nina Rossouw, Mia Pretorius, Carla Streicher, Leila Bogner, Megan Conradie, Jade Simoen, Zihan Jin Second Row: Lihlumelo Bikwani, Retha Jordaan, Cecilia van der Walt, Zoë van Rooyen, Sarah Stewart, Siphokazi Mayaphi, Gabriella Nunes, Harley Moriarty, Jessica Dobkins, Kelly Martin, Tina Hadjidakis, Thania Nordien, Meritxell Cilliers, Lolita De Abreu, Mihlali Velleman, Irasema Filipe Third Row: Alaia De Blanche, Robyn Karsten, Mia Laubenheimer, Jarryd Doo, Ushen Govender, Megan Bremner, Oluhle Zisile, Tania Kianda Nkulu, Sarika Naidoo, Tamaryn James, Melisa Mbero, Tara Grobbelaar, Lisa Courtnadge, Mpho Rahube, Mia Brown, Adam Knoesen, York Stocker Fourth Row: Lee Esterhuizen, Nicayla de Villiers, Sinead Hook, Matthew de Walder, Cameron Benny, Arminda Lima Goncalves, Scott Moreau, Nicholas Hanel, Maria Meletiadou, Chelsea Botha, Candace Boorman, Ursulla Kapwaya, Thimna Simelela, Enzo Peres Afonso, Connor Hajialexandrou, Ashley Sutton Fifth Row: Troy Innes, Audry-Hillaire Kalombo Mutasha, Duncan Torbet, Ariel Katz, Yandisa Sakawuli, Nicholas Nesbitt, Emile Tredoux, Dylan van Heerden, Kamogelo Digojane, Eui-Young Jung, Murray Fogg, Taine Reynolds, Filippo Cortese, Daniel Robinson, Jamie Turnbull, Megan Büttgen Back Row: Karl Wilhelm, Seth Vögler, Louis Bosch, Tom Spencer-Hicken, Jarryd Howe, Alexander Kugelmann, Liam Stoffberg, Luke Cillie, Connor Jamieson, Ross Sinclair, Matthew Sherlock, Stephanus Cilliers, Daniel Stein, Justin Coburn, Jeffrey Crouse
“Reaching Outwards, Growing Minds, Building Futures” 91 Raats Drive & 50 Wood Drive, Parklands 7441 and 1 College Avenue, Sandown 7441 • Tel 021 521 2700 • Email: director@parklands.co.za • Website: www.parklands.co.za
2019 January - Full Page (385 H x 265 mm W).indd 1
21January2019 1100
| M AT R I C R E S U LT S 2 0 1 8
Somerset College is pleased to present the IEB Senior Certificate examination results for the Matric Class of 2018.
Number of candidates: 91 fulltime candidates | Pass rate: A 100% Bachelor Degree (University Entrance) pass Top 1% Subject Awards*: 12 | Number of A symbols: 238 achieved by 72 students, of which 45 were results of 90% or above. Advanced Programme A symbols: 6 (5 in Mathematics and 1 in English). These are included in the reporting of the total A symbols achieved by the students.
Students with 8 A symbols:
Anne Firth*
Georgia Faure*
Nic Williams
IEB Commendable Achievement Award.
Students with 7 A symbols:
Rachel Budd*
Jessie Diepeveen
Alyce Firmani
Stephanie Halton
Thameenah Khalfey
Caroline Koch*
Lauren Opperman
Alistair Pyle*
Gabriel Ravenscroft
Kiara Sani
Students with 6 A symbols: Annabel Gilfillan, Nicole Smith, Kaylin Strydom
Placement Tests for Grade 8 2020 are on Saturday 23 February 2019. Scholarship Exams are by invitation based on the results of the Placement Test. Please apply through the Admissions office: E: admissions@somcol.co.za | T: 021 842 8000 www.somersetcollege.org
10
PROPERTY NEWS
27 JANUARY 2019
Neighbourhood
Retirement focus
Choose the right model Life rights or sectional title? Here’s what you need to know. WORDS: KIT HEATHCOCK IMAGES: SUPPLIED & SHUTTERSTOCK
EVERGREEN ZIMBALI, KZN
P
urchasing a retirement home is so much more than a bricks and mortar property investment. You’re buying into a lifestyle, looking for a peaceful, caring environment that will support you through the rest of your life.
The purchase price of a life right is generally lower than full ownership of a similar property in the area, and monthly levies are set from the beginning, with no extraordinary levies applicable.
Two different purchase models are prevalent in South African retirement developments. Traditionally sectional title is best known, but the life rights model has increasingly gained popularity.
“Ultimately, life rights deliver peace of mind and freedom from financial worry,” says Arthur Case, Evergreen Lifestyle, the retirement subsidiary of the Amdec Group, who are expanding into KwaZulu-Natal with a development at Umhlanga Ridge. “With transparent and affordable levies, pricing tailored to fit your budget, and tenure guaranteed for life, the prospect of living longer is no longer cause for anxiety.”
The difference? Sectional title is an outright property purchase. Your house is your own, can be willed to your heirs, and appreciates in value according to the current property market. Maintenance is your responsibility and a body corporate made up of property owners, usually working with a management company, runs the common areas and facilities.
BUH-REIN ESTATE, CAPE TOWN
Life rights give you and your partner a right to live in your house for the rest of your life, but ownership remains with the developer. The developer is responsible for maintenance of the property and management of common facilities. Upon your death the life right is sold on, and your estate receives an agreed percentage of the original entry price.
A sectional title scheme has the advantage of a known and straightforward model of property ownership and the capital gain associated with a property investment. “We considered life rights, but ultimately chose to go with sectional title ownership,” says Craft Homes development director Charl May, currently developing The Retreat at Hazeldean, Pretoria.
One reason for the increase in popularity of life right schemes is that a lot of the hassles of property ownership are taken care of for you. “It guarantees professional management, taking away the day-to-day worries facing body corporates such as security, clubhouse management, maintenance and insurance,” says Leon Cohen, Rabie Property Group, who is launching their Oasis Life retirement developments at three sites around Cape Town.
“Our buyers consisted mainly of owner-occupiers and children buying for their parents. The owner-occupiers preferred direct ownership, desiring to have secured ownership if they pass on, so as not to burden their partner with the complications of life rights. The children generally see the property as an investment in the short term and a property they could retire to in the long term, and want the financial benefit of direct ownership.” Owners belong to the body corporate, so they have a say in the running of the retirement village. Should there be unforeseen maintenance expenses, extraordinary levies might need to be financed.
“Also, the developer is in it for the long haul. By retaining ownership of all homes as well as the common property, it’s in the developer’s interest to maintain the village and its facilities to a high standard.”
“Both life rights and sectional title have intrinsic benefits,” says Claudius Combrinck, MD, Imagine Property Consulting, currently involved with De Plattekloof Lifestyle Estate in Cape Town. “Sectional title retirement
Life rights
THE RETREAT, PRETORIA
Sectional title
Neighbourhood
27 JANUARY 2019
PROPERTY NEWS
11
EVERGREEN HILTON, KZN
The purchase price of a life right is generally lower than that of a house or apartment of similar size in a comparable area. With freehold and sectional title properties, however, the buyer pays according to a market-related price. schemes allow retirees the extra benefit from capital appreciation similar to the typical residential property market.”
ARTHUR CASE, CEO, EVERGREEN LIFESTYLE
Another option An alternative model to consider, is Renishaw Property’s increasingly popular revisionary transfer obligation (RTO) sectional title model. “Renishaw Hills is unique in that, on selected sites, it offers a sectional title purchase option at a significant discount which essentially mimics the life rights model. This is in terms of a RTO contract providing for reversion of ownership of the home, on disposal thereof, to the developer, at the price originally paid for that home. This model provides a more affordable entry point, while allowing the purchaser to enjoy all the benefits and facilities of an upmarket village,” says Phil Baker, MD, Renishaw Property Development.
Due diligence Whichever model appeals, it’s essential, just as with any property purchase, to look carefully into the fine print of the contracts and check out the financial standing of the development. What are the arrangements should you wish to relocate? How are levies calculated and what do they cover? Are the promised facilities already in place or what’s the time frame for providing them? Speak to the residents too – they’re the best barometer of the lifestyle and community you will be buying into.
DE PLATTEKLOOF LIFESTYLE ESTATE, CAPE TOWN
NEW RETIREMENT DEVELOPMENTS • Oasis Life: Clara Anna Fontein, Burgundy and Century City (WC) • Evergreen Lifestyle: Umhlanga Ridge, Zimbali, Hilton (KZN); Val De Vie (WC) • CPOA: Quadrant Gardens, Claremont (WC) • Craft Homes: The Retreat, Hazeldean (Gauteng) • MSP: Buh-Rein Estate retirement village (WC) • De Plattekloof Lifestyle Estate (WC) • Shoreline Sibaya (KZN) • Renishaw Hills (KZN) • Lazuli Coastal Retirement Estate (KZN) • The Village at Langebaan Country Estate (WC) • Blok: EightOnN (WC) EVERGREEN UMHLANGA RIDGE, KZN
HAVE YOUR CAKE AND EAT IT.
Enjoy low risk with high returns. Not for the first time, Fedgroup is challenging the perceived ‘wisdom’ of market commentators. With Fedgroup’s Secured Investment, you get full capital security with an effective annual return of 12.1%* for five-year investments of R5 000 or more. You’ll also have the option to reinvest your returns, or draw a monthly income.
So enjoy the best of both worlds. Talk to your broker or contact us today. SIcontact@fedgroup.co.za Tel: 0860 065 065 www.fedgroup.co.za
What’s more, you’ll pay zero fees. *Effective rate if the interest is reinvested over the five-year fixed period at the nominal rate of 9.5% p.a. Fedgroup is a registered Collective Investment Scheme Reg. No. 1956/001143/07
msp.property 087 802 9005 sales@msp.property
secured investment
27 JANUARY 2019
Neighbourhood
ADVETORIAL ADVERTORIAL
13
Hello to urban retirement These days, more retirees are making the most of their active years by opting to move into smaller homes that require less upkeep, such as apartments in independent living developments SEE FOR YOURSELF 087 820 0050 sales@blok.co.za For more information and to register your interest, visit blok.co.za
I
ndependent living is designed to surpass traditional retirement living expectations by embracing the vibrant lifestyle people are accustomed to and providing residents opportunities to grow and flourish, confident that their needs will always be met. This innovative new concept is gaining popularity abroad and promising to service a growing local market. Cape Town urban property developers Blok’s latest venture, EIGHTONN, encompasses a new boutique approach to independent living by providing highly accessible and spacious twoand three-bedroom apartments, with the high spec that people have come to know and expect of the brand. The development is aimed at mature clientele who are looking for a future-facing home that will accommodate their evolving needs. As with any residential property, location is key and EIGHTONN allows residents to remain within the urban communities that they’ve considered home for years, as opposed to requiring them to relocate to the urban edges and beyond.
“Special consideration was given to the unique spatial requirements of this market. We wanted to ensure that residents had ample space to retire to, but still felt connected to a greater community along Cape Town’s Atlantic Seaboard,” says Blok managing director Jacques van Embden. In keeping with modern building features, this development offers its residents a holistic care package that includes an on-site concierge and care services that accommodate their current and future health needs, as well as security services, high-speed internet, and water-wise fittings and appliances. Independent living developments can also encourage life’s lighter side by facilitating communal living experiences and providing luxury social amenities like wellness studios, pools, gardens, dining and recreational areas and, in EIGHTONN’s case, even a deli. “Through this new development we’re working to widen our community and increase its vibrancy,” Van Embden concludes.
14
ADVERTORIAL
27 JANUARY 2019
Neighbourhood
Retire to the sea Idyllic Cape coastal estate offers retirement quality that’s beyond your wildest dreams
T
o retirees, the dream of peaceful and carefree living in city suburbs is fast becoming a thing of the past. Rising unemployment, vagrancy and urban squalor mean that even those living inside secure retirement villages feel hemmed in and insecure when venturing out. The question is, what affordable alternatives do they have? Craig Scott, visionary developer of the hugely successful Langebaan Country Estate, asked himself this question when looking for retirement solutions for his mother. “There was no safe place where mom could go for a walk, or take a bike ride,” Scott recalls. “No place where the grandchildren would want to visit her, offering a hassle-free life, with her health looked after.” The idea of creating a retirement village inside his luxurious Langebaan Country Estate took shape in Scott’s mind. Having spent two decades turning 450ha of arid land into a lush oasis, Cape Town born Scott knows better than anyone that the West Coast is the perfect
antidote to city living. The unspoiled Langebaan village hugs the shores of the lagoon that borders the West Coast National Park, offering pure gold to retirees who enjoy exploring nature. The Village at the Langebaan Country Estate, with its 323 homes, will leverage the impressive infrastructure and magnificent grounds, offering retirees the benefits of a thoroughly enjoyable outdoor lifestyle, along with a full retirement offering – management, maintenance, health care, luxury clubhouse, community, and security, among others. Retirees not only get a golf course, but also a bowling green, tennis courts, outdoor pool and gym, along with clubhouses, restaurants, a salon, coffee shops and spa. As to the cost of the beautiful cottages and courtyard suites, buyers will find their perfect home for significantly less than they would pay in or around the city. At The Village they’ll also experience a quality of life that’s beyond their wildest dreams.
EXPERIENCE IT FOR YOURSELF Langebaan Country Estate 072 732 1900 sales@LCEvillage.co.za LCEvillage.co.za
AGENTS KNOW HOW TO MARKET YOUR HOME TO SELL
Image is everything when it comes to real estate and a poorly presented property is like showing up at the Oscars in the wrong dress. Objective, expert advice and assistance from a registered estate agent is essential.
Another good reason why you should use an estate agent
www.rebosa.co.za
REAL ESTATE BUSINESS OWNERS OF SOUTH AFRICA
16
Neighbourhood
stneighbourhood.co.za | 27 JANUARY 2019
AT L A N T I C B E A C H E S TAT E Atlantic Beach Estate: 021 201 8706 • pamgolding.co.za/atlantic-beach-estate
Atlantic Beach Estate / R5.9 million
Ref# 1TV1403003
Atlantic Beach Estate / R4.1 million
Ref# 1TV1415253
Bedrooms 4 / Bathrooms 2 / Garages 2 / A light, airy and bright home that was built for the current owners. This home is immaculate and clearly loved by its owners. Single storey living offering four bedrooms. The spacious bedrooms are all bigger than normal.
Bedrooms 2 / Bathrooms 2 / Parkings 2 / Home with an option of a third bedroom / hobby room or babies nursery. Very specious open-plan lounge, kitchen with a gas fireplace. Very large dining room. Immaculately renovated.
Mandy Oschman 082 567 0398
Mandy Oschman 082 567 0398
Atlantic Beach Estate / R15 000 Per month
Ref# 1TV1356494
Atlantic Beach Estate / R8 500 Per month
Ref# 1TV1403622
Bedrooms 2 / Bathrooms 1.5 / Garage 1 / This 2-bedroom duplex has lovely fairway and Table Mountain views. Perfect lock-up-and-go convenience meets ease of living in serene, and secure environment. Beautifully renovated with open-plan kitchen, lounge and guest cloakroom.
Bedroom 1 / Bathroom 1 / Parkings 2 / Secure comfortable apartment to rent in Atlantic Beach Estate. Separate room with kitchenette and large enough for occasional chairs or couch. Spacious bathroom with shower.
Lynnette Lee 082 453 3266
Lynnette Lee 082 453 3266
A C C R E D I T E D A G E N T S F O R AT L A N T I C B E A C H E S TAT E OFFICE HOURS Mon - Fri: 09:00 - 16:00, Sat: 09:00 - 12:00, Sun: 14:00 - 17:00 (Sales office situated at the Golf Club entrance, Birkenhead Drive)
atlanticbeachestateofficial
ONE OF SA'S TOP 10 RESIDENTIAL ESTATES
Neighbourhood
stneighbourhood.co.za | 27 JANUARY 2019
17
WESTERN SEABOARD Blouberg: 021 557 1115 • Big Bay: 021 554 0033 • Milnerton: 021 551 8640 • Melkbosstrand: 021 553 1912 • Sunningdale: 021 556 2362 • Atlantic Beach Estate: 021 201 8706 • pamgolding.co.za/western-seaboard
Big Bay / R19.5 million
Ref# 1TV1397265
Bedrooms 4 / Bathrooms 4 / Garages 3 / This classy home echoes with exquisite style and elegance. It’s luxurious finishes are effortlessly paired with an open-plan design whilst allowing ample natural sunlight and magnificent unsurpassed views over Table Bay. Follow PGP boards from Otto Du Plessis Drive, Big Bay. Hjalmar Larsen 082 940 8034
Bloubergrise / R2.3 million
Ref# 1TV1415280
Bedrooms 3 / Bathrooms 2 / Garages 2 / Sunny, light filled home in pristine condition. Sparkling pool with cover. Open-plan living area looks out to walled manageable front garden. Entertainment thatched braai lapa. Farm-style wooden kitchen with granite worktops. Follow PGP boards from Porterfield into Willow, left into Saxon Crescent No 27. Rosemary Louw 082 743 5915
BARONETCY ESTATE | R 33,000,000 | WEB REFRL642
5
5
4
On Top of the world Introducing an exciting rare find for the discerning homebuyer: an architecturally well-designed prestigious residence within the exclusive eco-friendly Baronetcy security estate located in Cape Town, South Africa. This exquisite home offers an unique high-class lifestyle and breath-taking 180 degrees panoramic views of the Cape Peninsula and the Atlantic Ocean, including pinnacle landmarks such as the majestic Table Mountain and the notorious Robben Island. The house is characterized by exquisite finishes, spacious entertainment areas throughout and ample sunlight in all rooms. Cook up a storm in the master chef kitchen and entertain to your hearts delight in the living room with built-in bar, braai and pizza oven. No expense has been spared with the quality finishes to ensure that these are the best available on the international market. This stunner is situated in the well known Baronetcy Estate manned by 24-hour security and in close proximity to schools and all amenities. Extra's include four automated garages, a rim flow pool, a wine cellar, a three story lift, a goods lift, two offices, a fully equipped cinema room, home automation, air conditioning and central vacuum. A once in a lifetime opportunity. View the Matterport Virtual Tour of the property on the Alexander Swart Property Group webpage - the reference number is RL 642.
TEL:(021) (021)943 9435111 5111 TEL: www.esilaw.co.za www.esilaw.co.za
www.asproperty.co.za property24
Property. Done Properly. t. 021 975 4559 | www.asproperty.co.za | Mikahaja Building No1 C/O Kerk and Pampoenkraal Street
NEW LISTING
LANGEBERG HEIGHTS | R 3,995,000 | WEB REF RL861
4
3
3
Excellent investment opportunity in Limber Lost Estate that offers good value for money. The dwelling boasts a beautiful kitchen adjacent to the open plan living areas which flow onto a braai patio with weather blinds. An office is situated close to the entrance for the work from home couple. A guest toilet services the downstairs area. Upstairs you will find three bedrooms with breathtaking views plus two full bathrooms of which one is en-suite. The property has three garages. Added bonus is a well sized granny flat with full bathroom, tastefully designed kitchen, living area, separate entrance and parking behind a closed gate. The Estate boasts excellent security with green lawns, borehole water and mature oak trees with easy access to highways, shopping centres, excellent schools and hospitals. Come and make this house your home and call #TeamHewittZA today.
TEL:(021) (021)943 9435111 5111 TEL: www.esilaw.co.za www.esilaw.co.za
www.asproperty.co.za property24
Property. Done Properly. t. 021 975 4559 | www.asproperty.co.za | Mikahaja Building No1 C/O Kerk and Pampoenkraal Street