Neighbourhood DBN - 05 November 2017 by Your Neighbourhood

Neighbourhood 5 NOVEMBER 2017

PROPERTY & LIFESTYLE

A leading light Enjoy a family-oriented lifestyle like no other in this safe and secure environment on Durbanâ&#x20AC;&#x2122;s Golden Strip, page 4

SUBURB FOCUS: WESTVILLE

BUSINESS Q&A

PROPERTY NEWS

5 NOVEMBER 2017

Neighbourhood

Suburb focus

Westville

Here’s what’s happening in property in the area WORDS: ANNE SCHAUFFER IMAGES: PAULO MENEZES & STEPHEN PILBROUGH

LOCAL ATTRACTIONS: • • • • • •

Bergtheil Museum Palmiet Nature Reserve Roosfontein Nature Reserve The Pavilion Westville Mall Westwood Mall

estville has always been a popular family suburb, primarily because of its accessibility to Durban, 15km away, and its position close to the freeways going in all directions. Set between Pinetown and Sherwood, Westville’s easy access to all points of the KwaZulu-Natal compass has been a primary driver for expansion. Over the past decade or so, a number of office parks have been built in the region, with many large firms choosing

Westville over the northern business parks. For many this has provided a desirable “live, work, play” lifestyle, which has kept them firmly rooted in Westville. Another significant drawcard for Westville is its superb reputation for quality government schools. A number of the local schools, Westville Boys’ High School is a good example, have consistently achieved top academic results and are highly competitive at sports. From pre-primary up to matric,

SPORTS CLUBS: • • • • •

Westville Old Boys Sports Club Chiltern Park Sports Club Gryphons Hockey Club Westville Country Club Westville Swimming Pool

Unit G04, Old Castle Brewery Bldg 6 Beach Road, Woodstock Cape Town, 087 828 0423

With the suburb’s expansion, new retail offerings have popped up and existing ones have been refurbished. The Pavilion – the second-largest mall in KwaZulu-Natal after the Gateway Theatre of Shopping – draws shoppers from Westville and beyond. The well-situated Westville Mall has comprehensive retail offering and is a central meeting point for the community. Westville Junction and Westwood Mall are other popular malls, and there are numerous smaller strips of retail shops dotted throughout the suburb.

There are many churches and mosques in the area, as well as sports clubs and community activities. Gardening, garden clubs and open gardens are popular due to the ideal weather conditions, and many homes have large gardens. The Westville lifestyle revolves around community involvement and outdoor events, such as sports and family fun.

Westville Boys’ High Westville Girls’ High School Westville Senior Primary School Berea West Junior Primary School Berea West Senior Primary School Pitlochry Primary School Atholl Heights Primary School Deutsche Schule Durban

PUBLISHED BY BLACKSTAR PROPERTY PUBLISHING

Like so many of Durban’s more affluent areas, Westville includes a range of smaller suburbs, such as Dawncliffe, Westville North, Berea West and more, within the greater region. Smaller enclaves have a wider spread of homes, from affordable sectional title properties perfect for first-time homebuyers, to gracious old homes and contemporary dwellings on large plots. The topography of the

area is largely hilly, with tree-lined streets and streams running through neighbourhood gardens.

Westville has a number of higher education institutions, namely the University of KwaZulu-Natal Westville campus (previously the University of Durban – Westville), Varsity College Durban Westville campus and the International Hotel School.

SCHOOLS: • • • • • • • •

the numerous schools in the area cater well for the multicultural population.

EDITORIAL TEAM: Group Editor: Charis Le Riche charisl@yourneighbourhood.co.za Managing Editor: Molly Fitz-Patrick

ADVERTISING SALES: Visit yourneighbourhood.co.za or call 087 828 0423 Senior Sub-Editor: Mlungisi Mthembu Designers: Anja Bramley & Samantha Durand Group Online Editor: Lauren Joubert

Sales & Marketing Manager: Michèle Jones michele.jones@thecreativegroup.info Advertising: Julie Ellice kzn@yourneighbourhood.co.za Claire Liebenberg claire.liebenberg@thecreativegroup.info Production: Lucea Goosen lucea@yourneighbourhood.co.za

5 NOVEMBER 2017

Neighbourhood

For sale

In a complex

Median asking prices

Median monthly asking prices

R2m

R13,500

R950,000 For an apartment

82%

R1,95m For a house

R12,250 In a complex

For a typical property in this area

R6,800 For an apartment

R13,500 For a house

Property type 6%

house

For a typical rental property (three-bedroom house)

Property type

Monthly bond repayments

PROPERTY NEWS

For rent

For a typical property (four-bedroom house)

R1,7m

apartment You’ll pay

12%

complex Based on

R19,623

55%

apartment

over a period of

10,5%

years

prime

R2m

per month

30%

house

median asking price

15%

complex

Our choice of Westville was not just about convenient access to work, but about affordability – we could buy a good-sized family home on a large plot, in an established, lush suburb. We love it here! SARA SMYTHE, RESIDENT

WHY WE LOVE WESTVILLE MALL: Owned and managed by Growthpoint Properties, Westville Mall is a contemporary community shopping centre with a tenant mix perfectly suited to the market it serves. To the delight of shoppers, the mall has recently extended its parking facilities and now offers 60 minutes of free parking. People using the Virgin Active gym have 90 minutes of free parking. The mall has everything from banks to beauty shops, fashion outlets and hardware stores, as well as a number of eateries ideal for casual meetings over coffee or ice-cold craft beer after work. Find out more at westvillemall.co.za.

DURBAN PREPARATORY HIGH SCHOOL Preparing our Boys for Life From small beginnings better fortune follows. Boys participating fully in “The Prep Experience” leave the school thoroughly prepared for the challenges of the future as strong contributors to society.

Contact details: Telephone: 031 312 2154 | Email: mailbox@dphs.co.za | Website: www.dphs.co.za

ADVERTORIAL

5 NOVEMBER 2017

Neighbourhood

A golden opportunity Whether you’re looking for a new home, a place to retire or an investment opportunity, Palm Lakes Family Estate is the answer

et in the breathtakingly beautiful rolling hills of the KwaZulu-Natal North Coast, Palm Lakes spans over 700ha of rezoned land 13km north of Ballito and offers a family-oriented lifestyle like no other. This secure and friendly environment promotes community living where kids are free to run around and explore in absolute safety. A development of Royal Palm Property Holdings, Palm Lakes offers everything that the discerning homebuyer could possibly want. After launching in 2005, the estate has become popular with both local and international investors, and recently celebrated 1,000 transfers. Ideally located on the Golden Strip, a mere 23km from the King Shaka International Airport and 3km from the beach, you’ll find a safe environment to raise a family and a welcoming community where you can put down roots and retire.

Enjoy world-class facilities: • Prestige Baby and Kidz Academy • Trinityhouse School (with boarding facilities) • Main clubhouse with restaurant, pools and slides

• Kids’ clubhouse with lap pool • Walking and cycling tracks • Wildlife • Dams for fishing (small fishing boats permitted) • AstroTurf sports field • Driving range • Vodacom fibre optic

• • •

Investment opportunities

Safe and secure retirement

Nestled within the vibrant Palm Lakes development, Palm Lakes Retirement Village offers retirees and their families the same worldclass facilities as other residents on the estate and provides a tranquil environment and friendly community for retirees.

The retirement village includes an on-site clinic managed by IPSS, with: • An ambulance on standby 24 hours a day • Panic button ambulance response • Highly trained nurses and carers

A sound investment

Guaranteed monthly income (the estate handles all rentals) Rezoned land is extremely rare in this location The homeowners association is in an impressive financial position

Boasting a laid-back lifestyle and prime location, Palm Lakes is centrally located in one of South Africa’s most rapidly developing property markets – the North Coast’s Golden Strip, which means: • High rental demand

The selection of residential spaces available at Palm Lakes means that there are investment opportunities for everyone from young professionals, who may be looking to start their property portfolio with a small apartment, to seasoned investors, who are interested in adding another luxury home to their string of investments. These include: • Plots • Finished homes and finished freestanding sectional title homes • Planned unit development sites for sub-developers • Rezoned land for bigger investors in the corporate, office and residential rezoned areas

SEE FOR YOURSELF: Palm Lakes Family Estate 083 675 7789 palmlakes.co.za

Westville Senior Primary School Celebrates 60 years of excellence

LEARNERS

Today,

LEADERS

Tomorrow. 42 Westville Road, Westville, 3629 ● Tel: 031 266 5218 ● Fax: 031 266 0094 ● admin@wsps.co.za ● www.wsps.co.za

WESTVILLE BOYS’ HIGH SCHOOL

WHAT OUR OLD BOYS SAY...

Educational Philosophy We believe in the value of a balanced, all-round education encompassing Academics, Sport, the Arts, Leadership and the development of inter-personal skills. We are committed to supporting our boys in achieving their goals in all these aspects of their lives.

CHAD LE CLOS

Academics WBHS excels at academics, consistently producing graduates who have raised the bar of academic achievement. In most years, the School achieves a 100% pass rate and an impressive rate of distinctions in the public examinations, as well as a university exemption rate in excess of 90%. The School also seeks to extend its students through Advanced Programme (AP) studies and a variety of personal extension courses.

Matric 2010; 2012 Olympic Gold Medalist; 2016 Olympic Silver Medalist; World Swimmer of the Year 2014; Africa Swimmer of the Year 2012-2016. “My five years at WBHS, my leadership role and the friendships that I made at Westville were important factors in making me the person I am today.

Sport We believe in promoting the value of sport-for-all, career opportunities in Sport, and the positive influence of Sport on enhancing academic performance, emotional intelligence and resilience. We promote fair play, sportsmanship, full participation and year-onyear progression in the skills of our sportsmen. We recognise that the specific needs of every high performance sportsman will inevitably differ, particularly with regard to conflicting commitments and time-management. We commit to tailoring our academic support, teaching and coaching programmes to needs of such sportsmen.

Westville always supported me in pursuing my goals, and I did not want to succeed only in the pool. Although I had to miss a great deal of school time, my swimming and school commitments linked because both taught me discipline and timemanagement. I had a good relationship with my teachers, our respect is mutual, and I appreciate all the help and extra tuition they gave me.”

The Arts WBHS has developed an impressive reputation in both the Visual and Performing Arts, with our top achievers receiving national and provincial recognition. The School’s impressive cultural facilities include a flexible 450-seater theatre, as well as a Visual Arts teaching facility with specialist facilities for computer graphics, video editing and photography.

“A balanced education is important in ensuring success in any career in business or sport.

Leadership All boys in the school are exposed to innovative leadership programmes. They are provided with opportunities to develop their inter-personal abilities enabling them to gain the skills necessary to make a difference in their community and future careers.

Apart from the sporting skills I learnt, the all-round experience and guidance provided at Westville develops the type of emotional intelligence that is vital to decisions and choices made by any boy who wants to be a high achiever.”

Recognition from the World Leading Schools Association WBHS is the first South African school to be admitted as a member of WLSA, a body comprising 100 of the world’s top schools. This has created opportunities for international exchanges and collaboration with high achieving schools across the globe, particularly in academic and leadership programmes.

REFER TO OUR WEBSITE FOR A VIRTUAL TOUR OF OUR FACILITIES AND COMMENTS FROM OTHER WELL-KNOWN OLD BOYS.

@westvilleboyshighschool

@westvilleboyshigh_official

ERROL STEWART Matric 1987; SA cricketer & selector; Sharks rugby player; Standard Bank Head: Offshore Wealth Management.

www.wbhs.co.za NURTURING ALL-ROUND EXCELLENCE

westville_bhs

www.wbhs.co.za

P.O. Box 1019 Wandsbeck 3631 Tel: (031) 2671330

Kwazulu-Natal South Africa

Fax: (031) 266 7950

E-mail: school@wbhs.co.za

PROPERTY NEWS

5 NOVEMBER 2017

Neighbourhood

My business neighbourhood Crystal Deva in Hilton Village creates charming and unique gemstone jewellery WORDS: TIVANIA MOODLEY

IMAGES: SUPPLIED

he healing properties of gemstones and crystals have been known since ancient times. Facilitating the free flow of energy throughout the body is now something anyone can do. Eva de Fleuriot used her passion for crystals and gemstones to start a business that makes beautiful and affordable jewellery, Crystal Deva. Q: How did your business start? A: My love of crystals and gemstones started in the early ’90s and

soon resulted in me buying and selling them at flea markets in and around Durban. I then saw a gap in the market for affordable, wearable gemstone jewellery, so I decided to start making my own, which culminated in opening my little store called Crystal Deva.

so it’s light and airy – ideal for displaying the beautiful range of colours and shapes of the crystals. Q: Who are your neighbours? A: T he guy I share my space with is Darren the Barber. There’s also an estate agency and a PostNet.

Q: Why did you choose this area to set up shop? A: It’s close to my home and on the main road of Hilton Village, which has good exposure.

Q: What are the shop rental/ sales prices like in this area? A: Higher than average because the area is high-end retail space with safe off-street parking.

Q: How did you find your premises? A: T here were a few retail spaces vacant on the premises and I approached the landlord.

Q: How many people go through your business each day? A: It varies from a few people on a quiet day to about 40.

Q: Why are the premises ideally suited to your business? A: T he shop has lots of window space,

Q: Do you have any expansion plans? A: Not at this stage. I opened the store in December last year and, at this stage, I’m still growing into the current space. Q: Do you operate online as well? A: Yes, I have a small online presence and would definitely like to expand in this area. Q: What’s your most popular item? A: T umbled gemstones and the jewellery and charms that go with them.

SEE FOR YOURSELF: Crystal Deva 082 572 2277 facebook.com/crystal.deva.SA

ignity in Diversity

Tel: 031 266 1258 Email: school@wghs.co.za • Website: www.wghs.co.za

5 NOVEMBER 2017

Neighbourhood

PROPERTY NEWS

A few home truths

A legal expert shares some do’s and don’ts of residential property WORDS: ANDRE FIORE

IMAGE: ISTOCK

ver wondered whether you could party in your home until 2am, or keep a brood of chickens? Sifiso Msomi, partner: property and conveyancing, Shepstone and Wylie Attorneys, gives us the low-down on what you can and cannot do in your home according to the law. The way in which you can use your property is primarily determined by the zoning scheme applicable to it. In addition to this, various bylaws and other legislation can also impact how residential property may be used.

Business

Residential zoning schemes across the country mostly permit people to use residentially zoned property in urban areas for various activities in addition to using it as a residence. This includes allowing a residential property to be used as a bed and breakfast, a daycare facility, a home business or even a shop without business rights. Operating a residentially zoned property in one of these ways is, however, usually subject to certain conditions. For example, a bed and breakfast will be limited to a certain number of rooms (usually three), and a home business will be limited to a certain number of employees

(usually two) and to certain types of industries. Sufficient parking for the business activity is also a condition that generally needs to be met. An important factor across the various zoning schemes is that the property shouldn’t lose its residential character.

Animals

some areas, the cut-off time is 10pm regardless of the day of the week.

Building regulations

In recent years, many cities have introduced limitations on the number of dogs that may be kept on residential property. The general rule across most of the bigger municipalities is that two dogs may be kept per dwelling erected on the premises, although people can get permits to keep more. While keeping bigger animals such as livestock is generally not allowed in residential areas, slaughtering for cultural purposes is permitted if done in accordance with the applicable bylaws, including giving notice of when a slaughter will take place, keeping the slaughter out of public view and taking measures to prevent health risks.

Noise

Noise generated from residential property is also regulated. In urban areas, loud music above a certain level is generally only allowed until 9pm from Monday to Thursday and until 12 midnight on weekends. However, in

The recent introduction of the Spatial Planning and Land Use Management Act has given municipalities more control over building regulations within their jurisdiction. This means that questions such as proximity to boundaries, erf size versus coverage and servitudes can all be addressed at a local level, with rules varying in different municipalities.

Zoning

Zoning can be checked through the town planning department of the municipality. Thereafter, you can consult the zoning scheme to see the exact details pertaining to that subzone in that municipality. Applications for changes to zoning can be made through the town planning department. Sectional title and share block units are subject to the rules stipulated by their zoning as well as by their ruling bodies. In less formal residential areas the ways in which property can be used are generally broader with fewer conditions than in more formal urban areas. One reason behind this is to encourage local employment and income generation in less formal areas.

BRINGING COUNTRY LIVING TO TOWN

IT’S NEVER TOO SOON TO PLAN FOR

YOUR RETIREMENT GREEN MEADOW COUNTRY ESTATE

• Secure registered sectional title retirement estate situated in leafy tranquil green Meadow Lane Hillcrest • Ideal investment opportunity • Minimum occupation age of 50 • No age restriction for purchasing • North facing 73 and 103 square metre 1 and 2 bedroom apartments • Ground floor and first floor with stair and ramp access • Pet friendly estate • Option of 5% discount on the net price

1 BEDROOM APARTMENT

EXC VAT VAT INC VAT

R1 021 930 R 143 070 R1 165 000

excluding VAT Energy efficient installations include: • Heat pump hot water generation • Double glazed windows • LED lighting

Green Meadow Country Estate offers the mix of urban convenience and country living. After the successful independent living unit phase’s completion the development is now selling sectional title, one and two bedroom apartments. The estate which has been zoned for retirement, has a minimum occupation age of 50, but no age requirement for purchasers, making it the ideal investment either for an investor’s own future retirement, or as solution for elderly family seeking secure estate retirement living with all the modern convenience of a new development. Developers, Geoff Stead and Leandre Piggot are excited about the offering. “This is an ideal investment and all the units are well designed and very spacious,” said Geoff as he goes over the plans for the two versions of the apartments. The whole development is in a leafy environment which will allow residents to enjoy country living in their twilight years with all the benefits of being in a town. “We say we are bringing country living to town, explained Leandre who said the future plans include a clubhouse incorporating various resources from a library, clinic, laundromat and even hairdresser which will allow residents access to all the conveniences needed allow them to relax and enjoy their retirement.

Community facilities includes: • Heated swimming pool and gymnasium • Hair dressing salon • Laundromat • Library • Clinic

1 BEDROOM APARTMENT

EXC VAT VAT INC VAT

R1 447 368 R 202 635 R1 650 000

20 Green Meadow Lane Oﬀ Inanda Road, next to Hillcrest Christian Fellowship, Hillcrest

Telephone: 084 582 2022

PROPERTY NEWS

5 NOVEMBER 2017

Neighbourhood

Resolving disputes

The Community Schemes Ombud Service begins adjudication WORDS: CANDICE BOTHA

IMAGE: ISTOCK

he Community Schemes Ombud Service (CSOS) is the regulatory authority for all community schemes in South Africa. It was established in terms of the Community Schemes Ombud Service Act, 2011 (Act 9 of 2011). The purpose of the CSOS is to offer a low-cost dispute-resolution mechanism for residents of community schemes. This helps regulate the conduct of parties concerned, assure the quality of all scheme governance documentation and provide stakeholder training, consumer education and awareness for property owners, occupiers and other stakeholders, and ensure that the organisation is managed in an efficient and sustainable manner. The regulations governing the service were promulgated in October last year and the CSOS is now able to issue adjudication orders in disputes. This is expected to be quicker and more costeffective than legal proceedings. The methods used will include conciliation, where the parties use the services of an independent conciliator to be appointed by the ombud to arrive at a mutually agreeable solution, and adjudication, where an independent

adjudicator appointed by the ombud or selected by both parties from the list provided by the ombud determines how the dispute is to be resolved and makes a binding decision or order. The CSOS will cover disputes over matters such as finances, governance, meetings, private and common areas, and management services, among other issues. The process begins with an application lodged via email or in person. The application will then be assessed to determine its validity and whether it has gone through the necessary internal dispute resolution procedures. If it’s valid and able to be resolved amicably, it will be set down for conciliation. If the matter is not resolved, the conciliator will issue a Notice of Non-Resolution and Referral to Adjudication and the matter will be subject to a thorough investigation prior to the adjudication hearing where the adjudicator will consider all the evidence presented and hand down a determination. Adjudicator orders are enforceable in the magistrates’ court or high court depending on the nature of the relief granted in the determination.

18823

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OUR PRIME

PROPERTIES OF THE WEEK

Award winning Brettenwood Coastal Estate, located just 10 minutes from King Shaka Airport, is situated along one of the most exquisite stretches of coastline in KwaZulu-Natal. It offers its residents security, luxury, tranquility, exclusivity and an extensive range of world class amenities to suit both the young and young at heart.

6 time winner of the African Property Awards

NEWLY RELEASED LAND FROM R1 350 000 - DIRECT FROM THE DEVELOPER

BEAUTIFUL FAMILY HOME • • • • • • • • • •

3 Bedrooms (main en-suite) 2 Bathrooms Full study Open plan kitchen with scullery Lounge and dining room Enclosed patio Rim flow swimming pool Staff accommodation Atrium Indigenous garden

NEW LISTING OFFERED AT R6 390 000

PERFECT HOME WITH ROOM TO GROW • • • •

4 Bedrooms (2 en-suite) 3 Bathrooms Lounge & kids TV lounge Kitchen with separate scullery

• • • •

Separate study Patio with bulit-in braai Staff quarters Sea views

YOUR OWN PRIVATE PARADISE • • • •

OFFERED AT R6 450 000

4 Bedrooms (all en-suite) Guest Bathroom Open plan living Kitchen with scullery

• • • •

PRICE REDUCED FROM R11 500 000

Luxury fittings and finishes Rim flow pool Inverter technology Triple garage

OFFERED AT R9 900 000

ONLY 3 RETIREMENT HOMES LEFT - BUY DIRECTLY FROM THE DEVELOPER

DO . T F E L N LY 3

OU S S I M T N’

2 OR 3 BEDROOMS • SEA OR FOREST VIEWS • LUXURY FINISHES

Land Freehold homes Luxurious apartments Retirement homes

Buy directly from the developer. Land from R1 350 000

Brettenwood Coastal Estate Sheffield Beach KZN North Coast

Shavaun Lindsay Greg Simmonds Michelle Larkens

072 194 8672 084 515 7464 082 775 3998

PRICED FROM

R3 575 000

T 032 525 4581 E info@brettenwood.co.za W www.brettenwood.co.za

PROPERTY NEWS

5 NOVEMBER 2017

Kliptown public environment upgrade

ore than 400,000 paving stones of Corobrik’s clay paver range were used for the urban enhancement of the Kliptown Walter Sisulu Square of Dedication, as well as Union Avenue and Square Road, all based in Soweto. Forming part of the Kliptown Public Environment Upgrade, the 24,000m² paving project, completed in July 2017, was commissioned by the Johannesburg Development Agency (JDA). This branch of the city was established to efficiently manage and facilitate the development

of an equitable, sustainable and resilient city to achieve the strategic city development objectives. “The regeneration of this vibrant area, steeped in cultural history, is a fantastic undertaking by the JDA and we applaud the selection of Corobrik’s robust and inspired pavers,” said Musa Shangase, commercial director, Corobrik. “The finished design works well to complement the existing structures and, among the many product benefits of pavers, the durability will minimise any future maintenance or replacement costs for the city.”

Currently in its third developmental phase, the JDA is focused on the implementation of Joburg 2040, which addresses city challenges to achieve its objectives, as well as supporting the development of the City of Johannesburg’s “Corridors of Freedom”, which the Kliptown Public Environment Upgrade falls under. Through urban regeneration, these Corridors of Freedom allow residents to work, live and play within the same space, without the inconvenience and high costs of travelling long distances.

Economic outlook for property market

ollowing Finance Minister Malusi Gigaba’s maiden mini Budget presentation to Parliament, Samuel Seeff, chairman, Seeff Property Group, has advised that the key message out of the presentation, poor economic growth and rising sovereign debt levels, points to a period of prudence for the property market. No impact is expected in the short term, but property stakeholders should pay special attention to the weaker

economic growth outlook which has been downgraded for this year from 1,3% to 0,7% and is expected to only reach about 1,9% in 2020.

market has shifted notably over the last year with overall trading volumes now down by about 15% to 20% from the 2015 highs.

At the same time, inflation is expected to remain in the 5,4% region for 2017 and settle at around 5,2% in 2018.

Property stock levels continue to rise while the number of buyers in the market continues to decline and Seeff points out that many are taking a “wait and watch” approach. There’s still plenty of activity to keep the market ticking over, though, but you’ll need to keep your price expectations in check, he said.

While we’re looking forward to a busier summer period for the property market, sellers in particular need to note that the

Neighbourhood

Amdec unveils Harbour Arch

he Amdec group has unveiled a major new mixed-use development, which is set to transform the Cape Town Foreshore and bring with it much-needed jobs. Situated at the confluence of the N1 and N2, within close proximity to the vibrant Cape Town CBD, Harbour Arch will encompass street-level motor dealerships, lifestyle and convenience retail, boutique office space, upmarket residential apartments and two Marriott-branded hotels. Built on a 5,8ha site, with 200,000m² of usable space, Harbour Arch will ultimately comprise six individual towers located above a landscaped pedestrian walkway running the entire length of the precinct. Positioned as a new gateway to the CBD, the development will be valued around R10bn on completion.

Harbour Arch is also expected to create significant job opportunities. The first phase of the development alone is expected to create around 2,500 construction jobs. Meanwhile, the two Marriottbranded hotels will secure approximately 350 permanent jobs, with additional opportunities in the various retail spaces. Modelled on Johannesburg’s award-winning Melrose Arch, also developed by the Amdec Group, the Harbour Arch site will embrace the principles of new urban design – community, sociability, safety and security, convenience, accessibility, sustainability and eco-efficiency. Harbour Arch’s initial development phase – No 1 Harbour Arch – will comprise 432 apartments, two motor dealerships, retail, leisure and commercial office space.

A sizeable deposit has several significant benefits. In addition to increasing your chance of bond approval, it also gives you a jump-start on the financial process, makes your offer more appealing to sellers, as it bumps up the chance of bond approval, naturally decreases your monthly bond repayments and saves you a considerable amount in interest over the long term. JP VAN DER BERGH, FOUNDER, PROPSCAN