Neighbourhood 20 OCTOBER 2019
PROPERTY & LIFESTYLE
It’s a new dawn These days retirement is not about slowing down but rather an era to experience life to the fullest – and property trends reflect that, page 2
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RETIREMENT FOCUS: OUT WITH THE OLD
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Reshaping the future The changing face of retirement
HELDERBERG VILLAGE
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WORDS: CARLA REDELINGHUYS & SUPPLIED
he notion of retirement and perceptions of retirement villages are changing across the world. Those in the know tell us more about the South African landscape.
IMAGES: SUPPLIED & SHUTTERSTOCK
“There’s a shift from old age or nursing homes to lifestyle retirement villages to meet the needs of retiring Baby Boomers who are looking for a lock-upand-go lifestyle with modern resortstyle facilities. Village solutions need to offer excellent physical security, financial peace of mind, continuous care (should you need it) and a sense of community, says Arthur Case, brand marketing director, Evergreen Lifestyle retirement estates. “Our built environment is modern and aesthetically pleasing with access to high-speed internet, exercise, lifestyle and entertainment facilities. Our lifestyle centres are at the heart of our villages where most social activities take place and our care centres are world class, offering all aspects of care. More importantly, the culture of our villages is resident-centric. Our residents want to remain independent for as long as possible and above all, they don’t want to be patronised.”
EVERGREEN LIFESTYLE VILLAGE AT LAKE MICHELLE
RETIRING IN MAURITIUS
Vagn Nielsen, CEO, Helderberg Village in Somerset West, which next year will be celebrating its 33rd birthday, agrees that the landscape is changing. “I believe the retirement
village industry in South Africa is busy evolving. A sad reality is that the economic situation is denying most retirees from enjoying their hard-earned retirement dreams! Many people moving into retirement villages nowadays are starting their second careers. While this could be attributable to the economy, we’re definitely seeing that a large majority of new retirees are simply not accepting the traditional retirement age of 60 to 65, and are still actively involved with business or professional activities. “With the above in mind, your traditional ‘old age home’-styled retirement villages are no longer attractive and need to adapt to remain competitive and desirable to new retirees. People are no longer moving into retirement villages to play bowls and have afternoon naps! The first questions from prospective buyers are normally ‘what speed is the fibre optic network’, ‘are streaming services available’ and ‘how do we connect to the Wi-Fi network’. The world is rapidly changing and with that, so are people’s demands and requirements. Retirement villages need to keep up with technologies that facilitates people’s lifestyles. Helderberg Village offers a bouquet of services to the modern retiree, ranging from state-ofthe-art security, modern facilities to meet the different lifestyles of retirees, excellent healthcare facilities and
Mauritius offers the perfect opportunity for retirees to adopt a different lifestyle in a reasonably priced environment close to South Africa, says Jonathan Tagg, project director, Pam Golding Properties Mauritius. The north and west are the most popular areas for expats. The island is safe and sunny, with air quality rated among the best in the world by the United Nations Environment Programme. You can expect good healthcare and cost-effective domestic help in Mauritius, and an inclusive expat community. “The active outdoor lifestyle encourages healthy living,” says Tagg. Les Résidences de Mont Choisy is the only real estate scheme retirement project open to foreigners in the north of Mauritius. It’s a stone’s throw from vibey Grand Baie, and near the only 18-hole golf course in the area. “The development caters to young-at-heart maturing couples, with a combination of housing and services that allows them to be as independent or as social as they wish to be,” says Tagg. “In the west we recommend Akasha Villas, where you can purchase your own villa with swimming pool. Like the other luxury developments we sell, Akasha Villas is close to shops, restaurants, nightlife, medical centres, the beach, leisure parks and golf. The development is immersed in a tropical landscape that is secluded yet safe. This is a major benefit of living in Mauritius,” says Richard Haller, director, Pam Golding Properties Mauritius. A property investment of US$500,000 (about R7,5m) or more secures permanent residency for the investor, his spouse, and dependants up to the age of 24. RABIE OASIS LIFE
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GROOT PARYS LIFESTYLE ESTATE
services, and sustainable financial reserves,” Nielsen concludes. Says John Chapman, director, Rabie Property Group, “People today are living longer, and a person aged 60 or 65 generally has a lot of zest for life. The adage of aging gracefully in a retirement home is no longer an option and therefore, retirement developments must rise to the challenge.
RETIREMENT HOTSPOTS FOR WELL-TO-DO SOUTH AFRICANS • Ballito and surrounding villages make up SA’s ‘luxury residential estate capital’. It’s home to Zimbali, Simbithi, Brettenwood and Dunkirk Estate, with more exclusive estates under construction. • Knysna is a top retirement destination. Residential estates here include Pezula, Simola and Thesen Island. • George, also among the most popular retirement options in the country, is home to residential estate Fancourt. • Hermanus is a retirement hotspot for wealthy Joburg and Pretoria semigrators.
“Retirees still want safety, security and comfort, but also want autonomy and be surrounded by modern amenities and a variety of activities, including outdoor exercise and exploration conveniences. Oasis Life is all about offering a fabulous lifestyle. We see retirement as a wonderful next chapter where the worries of a working life are no more, and you can focus on what you really want to do. “As such, we design our villages with community in mind. Our homes are contemporary in design, yet comfortable and practical. The lifestyle centre in each of our developments is the heart of it all, where you can find hotel-standard hospitality, a restaurant, library, games room, primary healthcare suite, and gymnasium with pool.”
Source: South Africa Wealth Report 2019, AfrAsia New World Wealth EVERGREEN LIFESTYLE VILLAGE BERGVLIET
According to Reon van der Merwe, realtor, Groot Parys Lifestyle Estate in Paarl, “We find that people tend to buy earlier in the last phase of their lives rather than later. They would then rent out the house and only move in when they start needing care. Because new developments are lifestyle developments rather than typical old age homes, they will also move in at a younger age and enjoy the lifestyle amenities.” Jacques van Embden, MD, BLOK explains, “I think a huge focus has been placed on the shift from health to wellness, understanding that many people want to feel empowered by the move to retirement versus being forced to do so as a result of poor health or family pressure. “Our development has been designed with wellness and community in mind; we imagine our residents leading full and rich lives, both in the community of the building, as well as in the surrounding neighbourhood. We believe in the power of urban living and community. We’re deeply passionate about creating buildings that are beautiful homes within homes; community is at the heart of everything we do.”
DID YOU KNOW? • Between 2015 and 2050, the world’s population aged over 60 will almost double from 12% to 22%. • By 2020, people aged 60 and older will outnumber children younger than five years. • In 2050, 80% of older people will live in low- and middle-income countries.
Source: World Report on Ageing and Health 2018, World Health Organization EIGHTONN, BLOK
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PROPERTY NEWS
20 OCTOBER 2019
Release your inner child There’s such a range of cool kids’ decor out there today, that fun as it might be to explore them, you may find the task overwhelming. The experts have a little advice. WORDS: ANNE SCHAUFFER
IMAGE: SHUTTERSTOCK
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here are two aspects to decorating a child’s room. Firstly, a theme, and then, making it functional – never overcluttered – within that theme. Your child may know what theme they’d like, but if not, trends abound. Pauline Parker, founder and owner, Ma Petite, suggests two: floral patterns, and back to nature. “Floral walls in both wallpaper and wall stickers are big, making walls the focal point of the room. Classic peonies and roses have taken over, creating a soft feminine space for little girls. Pair the bold flowers with solid colours on the bedding and soft finishes in complementary shades for a romantic bedroom.” And nature? “Children’s rooms should be a place where imaginations soar. The inclusion of cute woodland, tropical and safari animals brings the beauty of nature back inside. These animals can be incorporated into all aspects of the room from hanging animal heads, wall stickers and bedding. I love including animal prints with other natural beauties such as rainbows, forest trees, and moon lights. This theme works beautifully with natural wooden pieces and woven baskets.” Leigh Cattell Interiors’ is designer for the Simply Child brand. Leigh feels we should be mindful that this is a kids’ room and not our lounge or our chosen taste level, “but” she says, “it does need to be inspiring. It’s about creating a space which ties together through colour and texture”. Leigh is strong on pointers to be considered first, then interpreted
within the chosen theme. Some are “zones”, others are considerations. Take a bed – it can be anything from a car to a house, depending on your theme – find themed linen to pull it all together. “If your theme is dinosaurs, incorporate dino linen, dino paw vinyls on the wall, and a dino light. The entire room doesn’t need to be dino – bring the room to life through paint or wallpaper (a feature wall really helps to tie together a colour scheme). Here are her top priorities:
Play furniture
Bring our “traditional” outdoor play, inside, by incorporating slides, climbing walls and balance boards. This is a great tool for bringing in natural texture and wood into the room design, to off-set plastic toys. Other great ways to incorporate play is through tepees or mini furniture sets, and so on.
Role-play corner
This can be a space for making forts or camp outs or tepee fun, a mini stage for concerts or even a space to set up a teddy bear school. Allow your children to be young, and use their imaginations for make-believe. This is the best kind of stimulation. It’s also something they can play with you, with friends or alone for some down time. (This could also be the bed – a draped canopy over it.)
Art creativity
There are multiple ways to achieve this. A kids table and chair set, a wallpaper roll, blackboard, or even paint the wall with chalk paint.
Domesticity
Kids love impersonating parents
– the way we cook, bake, wash and iron or shop. Kitchen or countertop set ups in bedrooms work for this type of play. Include pots, pans, tea sets, mini stove and so on.
Floor space
Depending on bedroom size, allow floor space for creative games, puzzles and building. A cluttered room can overwhelm kids, so allow for easy moving around furniture to create this space.
Reading
Create a reading corner with book shelves or ledges for easy reach, along with a floor cushion or two, or a rug for comfort – a great way to spend quality time with your kids.
Accessibility
We often design elements for an adult in a kids room. Rather place storage boxes and shelves at a kids’ height to empower them to unpack or tidy up toys for themselves, as well as hanging jackets or towels on hooks at a lower level. These small changes can lead to some independence and ownership of their own bedrooms.
Storage
When decorating, make storage top of mind – it comes in all shapes and forms. Large book shelves or cubes with drawers/baskets/canvas holders for toys. Consider labels for easy pack up at the end of the day. This way toys last longer, don’t get lost and you can rotate the toys – this gets much more use out of them. Other solutions are toy boxes, sacks, standing storage bags, under-bed drawers, and school lockers in metal or mesh.
Retire to the tranquility of the
Paarl Winelands 3-4 BEDROOM FULL TITLE
NOW AVAILABLE FROM R3 225 000 NO TRANSFER DUTY
Situated on Groot Parys Wine Estate, these homes, offering four stunning design options, are immersed in a rich history and are surrounded by exceptional facilities including a healthcare centre, clubhouse and more. •
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Jaco van der Merwe Reon van der Merwe
083 235 0241 082 896 2747
Werner Pieters Marius Pieters
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www.grootparysestate.co.za | www.grootparys.co.za
PHASE 1 UNDER CONSTRUCTION Developers:
Development Partners: and Groot Parys Development Trust
20 OCTOBER 2019
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PROPERTY NEWS
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Retirement property decisions and your estate W
hen it comes to scaling down for retirement, searching for the right home is probably the most important decision you’ll need to make. And, according to Cape Town conveyancing attorney and estate law expert Michelle Dommisse, director, Michelle Dommisse & Associates, it’s a decision that can also have a significant impact on the inevitable “end of life legalities” we leave behind. “Today there’s either the option of investing in a life right or a sectional title unit,” explains Dommisse. A life right is usually the more affordable option, especially because there’s no transfer duty payable on purchase. “Another advantage is that there’s no heavy maintenance for owners and levies are usually forecast in advance. When the purchaser dies, there’s no capital gains tax payable and the full purchase price is refunded to the owner’s estate, less a small administration fee. “A life right is an excellent retirement option, but like everything it also has its risks. I always ask my clients if the life right they are buying includes a frail care facility, because in many
cases, residents are only allowed to live there as long as they can live independently,” Dommisse says.
for those who want to provide for the best interests of their loved ones cannot be underestimated,” Dommisse says.
So how does this compare to sectional title retirement options? As is the case with most property purchases, the concepts of lifestyle and location are key and there’s no doubt that both drive long-term capital appreciation. If one has decided to live in an area that’s in high demand and is consistently going up in value, it makes sense to want to achieve 100% of the profit, and even with the inevitable capital gains tax penalty, this could still greatly benefit your estate when the time comes to sell,” she explains.
“Apart from estate duty, which is applicable for any estate over R3,5m, there are ways to structure an estate so that the inevitable implications of capital gains and income tax are minimised. Remember, an estate can take up to a year to wind up, so funds which are usually placed in an investment on behalf of the family will be subject to income tax,” she adds.
But how does property ownership affect an estate? “One of the most common things I hear from my clients during estate planning is, ‘Everything needs to be fair. I have five children and five properties, so just divide my estate equally’. This means that each child will receive a 20% ownership of five properties, whereas it would actually be better to leave each property to a specific individual. The reason for this is simple: transfer duty is not applicable when property is bequeathed in a will, so an enormous amount would be saved
for the estate,” Dommisse explains. End-of-life legalities can be complex, says Dommisse, who warns that even small oversights can be costly.
to Sandton and good schools and has an opening bid of R2,1m, while the five-bedroom, three-bathroom home in the upmarket suburb of Dunkeld West has an opening bid of R4,5m. With a reserve price of R2,8m and an opening bid of R2,5m, the fourbedroom, three-bathroom Parktown property is also ideally located close to major shopping centres.
comprises three floors with a direct lift entrance to the middle floor and with 24/7 security personnel on site. There are also three secure undercover parking bays and a store room.
“Unfortunately, an off-the-shelf will, as opposed to using an estate expert can end up costing your loved ones. A simple example would be the absence of a special clause that states that your appointed executor does not have to pay a bond of security to the master. If this is not stipulated, it can end up costing 0.5% of an estate, unnecessarily.”
“Having said that, I find that in many cases it boils down to an emotional rather than a financial decision. There’s something very appealing about owning your own home, having pets or a garden, especially while you’re still fit and want your independence and space. In many cases, life right options do allow pets, but the process is restrictive because of the apartmentstyle model and small spaces. How can this choice effect one’s estate? “The importance of a well-drafted will
Place your bids! A
diverse array of residential and commercial properties with lucrative investment potential is available to purchase on BidX1 South Africa’s next online auction on 6 November. “These incorporate a good selection of properties which include private sales, bank sales, liquidations or insolvencies, and some commercial properties,” says MC du Toit, CEO, BidX1 South Africa. “Some of the highlights on this next auction are prime residential properties in Bryanston, Dunkeld and Parktown in Joburg, while on the commercial side there’s a welllocated 13,6ha development site in Erasmia in Centurion and other properties situated in Mamogaleskraal and Brits in North West Province, and Kempton Park. Also in the commercial space is a factory and retail showroom in Vredenburg and a development stand in Vanderbijlpark.” The four-bedroom, four-bathroom house in Bryanston is within a newly-built cluster, with easy access
RESIDENTIAL DEVELOPMENT LAND FOR SALE
“In addition, an interesting investment opportunity has presented itself with nine fully-tenanted two- and one-bedroom apartments in a low maintenance, face-brick complex in Eastleigh Ridge in Edenvale, Joburg East, listed with a reserve price of R5m and an opening bid of R4,5m,” adds Du Toit. In the sought-after suburb of Fresnaye in Cape Town, close to all local attractions such as the V&A Waterfront, Sea Point Promenade, Clifton, Camps Bay and CBD, an ultra-luxurious triplex penthouse is being sold fully furnished with a reserve price of R16,45m and an opening bid of R14,5m. The unit
In KwaZulu-Natal, several properties on auction include a three-bedroom home in upmarket Zimbali Coastal Resort and Estate in the Ballito area on the North Coast, as well as homes in Kingsburgh just south of Durban, and a house in Verulam, plus a spacious 5,121m2 erf in Ramsgate further down the South Coast, only 1km from the beach. Other notable properties are a rustic bush cottage and loft in Marloth Park Wildlife Sanctuary right next to Kruger National Park; a private game farm in a Heritage Reserve in Waterval-Boven in Mpumalanga, 25km south-east of Machadodorp in the Drakensberg escarpment; a six-bedroom home in a suburb called Liefde en Vrede in Joburg South; and a fully equipped guest farm in Montagu on Route 62 in the heart of the Klein Karoo.
R12,800, 000 FOR BOTH PROPERTIES NEG. Erven 507 & 513 Muckleneuk, Pretoria. 49 Marais Street & 832 Justice Mahomed Street. Combined 5215 square metres. Zoned Res 4 for 40 units. Applications for Heritage Act Demolition, Consolidation, the Removal of Restrictive Title Conditions & Zoning approved. Close to University of Pretoria & various schools.
Please Contact Chris: 082 337 8401
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Your Home, Our Core Business
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LYNNWOOD MANOR SOLE MANDATE
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4 BEDROOM HOME OVERLOOKING A STREAM
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Stylish upmarket home set in a paradise filled garden with pool. Great security system. Entertainers dream - living areas interact with the kitchen & outside entertainment areas. Well located!
This stunning 2 bedr, 2 bathr, 2 cars simplex has been beautifully renovated. It is in an excellent complex with a low levy. Please see the website for more information and give me a call to view it!
WEB REF: AP 14010 LINDIE BOTHA - 084 409 5234
WEB REF: AP 13294 ANSIE - 082 494 6677 & INGE - 083 380 6414
WEB REF: AP 12806 ESTE MOOLMAN - 083 268 0736
WEB REF: AP 14154 HERMAN VAN ROOY - 082 494 1449
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NEWLANDS
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NEWLANDS SOLE MANDATE
R2 050 000
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Sunny & bright apartment. This units offers 2 bedrs 1 bathr, openplan kitchen & lounge. Situated in the upmarket retirement village of Kingswood. 24 hr home care with 10 meals included in levy.
North-facing 2 bedr, 1 bathr apartment in an upmarket Retirement Village. Spacious living room, open-plan kitchen, enclosed balcony, 24 hr security & excellent facilities such as a gym, hair salon etc.
Townhouse with private garden. North views overlooking the valley! This exclusive retirement village has a lot to offer. 2 bedrs, 1 bathr, 1 garage, 1 carport & a pet friendly garden! Call now for more info!
NEWLANDS
FROM R725 000
Kingswood Village upmarket Retirement Village in an established environment. Only 12 - 1 bedr & 2 bedr units. Kingswood has a fantastic reputation. 10 meals inclusive in the levies. Lots of extras!
WEB REF: AP 12798 WEB REF: AP 13263 WEB REF: APD45 WEB REF: AP 12980 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386
THE WILDS
R3 480 000
THE WILDS
R3 900 000
QUEENSWOOD
R1 550 000
3 BEDROOM HOUSE WITH 2 FLATS!
CENTURION GOLF ESTATE
R5 400 000
5 BEDROOM FAMILY HOME WITH A VIEW!
4 BEDROOM FAMILY HOME WITH POOL
In a prime spot within a security estate. Open- plan kitchen with living room & scullery. Guestroom with bathr. Covered patio & built in braai. 3 bedrs, 4.5 bathrs, 3 garages - direct home access & more!
Open plan living & dining room. Kitchen & scullery. Patio with built- On a corner stand, in a popular street. Close to amenities. Main Recently upgraded & north facing. Excellent fairway green frontage,! in braai overlooks garden & pool. Guest bathr & a storage unit 4 bedrs, 3 bathrs - 2 en suite. 3 reception areas, patio, pool, play house offers 3 bedrs, bathr, lounge, open-plan dining room & under the stairs. 4 bedrs, 3.5 bathrs, study & staff quarters/ flat. kitchen. Covered patio & garden. Bachelor flat & modern 1 bedr flat. room & beautiful kitchen. Garaging for 3 cars & staff quarters.
WEB REF: AP 13738 LEMARI ODENDAAL - 082 635 9395
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THE OPPORTUNITY OF A LIFETIME Situated in the core of the old east of Pretoria with exceptionally high quality finishes in an Up Market Development. Only 30 units in total, all north facing. 3 different plans: A type units consist of 2 bedrs, 2 bathrs & a study nook. Ground floor units have gardens. B type units consist of 2 bedrs, 1 bathr & a guest toilet. C type units are duplex units & consist of 2 bedrs, 2.5 bathrs & a guest toilet. Double undercover parking not included in square
metre size of your unit. Units have a separate laundry area! An investment opportunity or for personal use. Call us to discuss your property needs!
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