When you look at them closely, the gardens and protected wildlife areas on your estate probably host an astonishing number of different plants, insects, birds, and even reptiles and mammals. Your observations about the natural world around you can be enormously helpful to scientists – and collecting them can be a lot of fun, and a great way of building your community, too.
Good news for property buyers, but even better news for property developers and sellers. The affordability ceiling for first-time buyers who qualify for a FLISP subsidy has been increased from the previous average home loan amount of R 680,000.00 to R 870,000.
A 2019 report by the South African Property Owners’ Association (SAPOA) states that nearly 20% of the office space in the Durban CBD and Rosebank (Gauteng) was empty in the last quarter of that year. And that was before office workers skedaddled home en masse and cyber-commuted while battening down the hatches against SARS-CoV-2. What does that mean for our cities, and for the people who live in them? Or, more importantly, the people who don’t live in them. And what does it mean for developers?
The introduction of the National Credit Act had an immediate impact on the approval of credit agreements. The affordability factor, which is the capability of a debtor to pay back a loan became, the lender’s primary focus of a lender before granting a credit facility. Lenders are imposed with severe penalties if found guilty of risky lending but, as the market experienced a major decline in home loan approvals, there was an unsurpassed increase in unsecured lending. Capitec Bank is a prime example of expansion of unsecured lending, and African Bank is an example of a lender that was almost sunk as a result of risky lending practices.
Inspired, in part, by the tiny house movement, micro apartments have been touted as a solution to the housing shortage, the increasing cost of urban land, and the need to conserve resources. But, as with many things, the COVID-19 pandemic has highlighted some shortcomings of these tiny spaces.
Your development is ready for sales, and you need widespread marketing to reach as many potential buyers as possible, followed by a flawless sales process. What is the best way – a dedicated sales team, or an estate agency?
Other than developments specifically designed for retirees, students and/or ‘young professionals’, the homes on estates, and even in apartment blocks, are designed as ‘family homes’, and estates are marketed as places in which families can thrive. But what, exactly, is a family? First let’s look at those ‘family homes’.
On 15 March 2020, in terms of Section 3 of the Disaster Management Act 57 of 2002, the Covid-19 pandemic was classified as a national disaster, due to its potential severity and magnitude. Pursuant thereto, on 29 April 2020, the Risk Adjusted Strategy Regulations were published. These Regulations can be made available upon request.
Trout are originally from the northern hemisphere, but they are a highly sought-after species for epicureans and anglers alike, so they have been introduced worldwide. Their popularity as a fly-angling species makes their introduction into dams or lakes well worth considering. But consider carefully.
COVID-19 has had a massive impact on how we interact with others. This impact is particularly felt by essential services staff, who have to continue working despite unsafe conditions. We examine the dangers of COVID-19 to estate security staff, and what companies are doing to keep both their clients and workers safe during this uncertain time.
As we change the way we physically interact, all industries have to change the way they do business – and the real estate industry is no exception. Even before the lockdown, estate agents and prospective sellers were reluctant to let people into their houses – and prospective buyers were reluctant to enter houses where the absent owners may or may not be carriers of SARS-CoV-2. So, even once the lockdown is over, it’s clear we will have to make some serious changes in the way we market, buy and sell property.
We hope that the increased police and army presence on our streets means that we’re safer from crime as well as the Corona-19 virus during the lockdown. But there will always be those opportunistic thieves that take a chance, so here are some tips from Trellidor to help you stay safe while home during the lockdown.
Employers – including HOAs – must provide a safe workplace, even if that means insisting on disease tests for employees. During the early stages of the COVID-19 outbreak, cruise ships turned into living, floating laboratories for scientists studying the disease. With their close confines and high proportions of older people (who tend to be more vulnerable to the novel coronavirus), combined with their lack of access to the outside world, cruise ships were – tragically, in some cases – the perfect incubator.
The construction industry has the potential to create employment opportunities to cushion the impact of an anticipated increase in unemployment in the immediate aftermath of the current nation-wide lockdown. This is according to a submission made by the Construction COVID-19 Rapid Response Task Team (CCRR19TT) to motivate for a phased reactivation of the Construction Sector. The task team is a body representing major organizations in the sector including contractors, property developers, construction professionals, suppliers, and service providers.
Sea Point has long been regarded as one of the property jewels of Cape Town’s Atlantic Seaboard. But does it still offer good investments? With Sea Point’s natural attractions and strong short-stay letting market, but should investors be scared off by talk of ‘carnage’ in the local market, and new regulations around short-term rentals?
The crisis we are going through is unprecedented in our lifetime – even in living memory. But it’s not unprecedented in the history of the world and, almost invariably, this kind of crisis leads to immense social, technological and philosophical change. The one thing we can be sure of is that life after COVID-19 will be different, but we can’t be sure of the form that difference will take. So it’s up to us to decide how we want to change, and how we want to live in the future.
When we think of bricks, we tend to think of either baked clay bricks or cement bricks, both of which have a very high carbon footprint – conventional clay bricks are fired at temperatures of over 1,000C, and cement requires temperatures in excess of 1,400C, which requires the burning of coal with all its attendant environmental fallout. But there are bricks – or brick-like things – that can be produced at much lower temperatures, thereby using much less carbon, and producing less pollution. Some are the result of amazing new technological breakthroughs, and are only in the trail phase, while some are so old as to have been virtually forgotten.
Johannesburg lays claim to being the largest artificially cultivated urban forest in the world, which is great, even if it’s not entirely true. It’s great because it instils a sense of pride in the trees of the city, encouraging citizens and authorities alike to nurture them, and to plant more. And the Soweto Greening Project is extending that tree-planting spirit with – so far – more than 200,000 trees having been planted in Soweto. Not surprisingly, cities worldwide are becoming more and more creative in their greening efforts, with possibly the most spectacular of these being the innovation of vertical forests. Would this be a good idea here too?
If you own, live on, or are developing a piece of land of significant natural value, you will need to come up with a way of ensuring that you manage it responsibly – and the best way to do that is to think beyond your boundary fence. The plants, soil, birds and animals don’t recognise title deeds, so managing for nature requires thinking outside of the strict ownership model of land use.
Our ancestors were devastated by diseases like smallpox, polio and measles, but we hardly give these ailments a thought. They’re just not a threat, due to an interesting phenomenon called herd immunity – a term that’s being optimistically bandied about in relation to COVID-19.
Government gazetted amendments to the BBBEE legislation on 31 May 2019, with a six-month implementation timeframe. This limited implementation period could negatively impact on your business, depending on your financial year end, and the date of the next BBBEE verification.
Conradie Park, a new mixed-income, mixed-use housing development in Cape Town, has been launched for sale to the public. Its marketing campaign lauds its ‘affordability, sustainability and security’, but how exactly will it be funded and maintained in the long run?
Corporate social investment is a great way for companies – and for estates – to give back to the community. But, while any CSI is a good thing, there is a huge difference between merely diverting funds to a good cause and actually getting involved with the community on a person-to-person basis. The former – at best – improves living standards for the target community, while the latter builds real relationships that can grow into an ongoing circle of benefit.
Under capitalism, the argument goes, it’s every man for himself. Through the relentless pursuit of self-interest, everyone benefits, as if an invisible hand were guiding each of us toward the common good. Everyone should accordingly try to get as much as they can, not only for their goods but also for their labour.
As South Africa becomes more water-stressed, many home owners and estate managers are considering replacing lawns with artificial turf. Each option has its advantages and disadvantages, so you need to look carefully at how the two options stack up against each other in terms of eco-friendliness, durability, and convenience.
Marina Costas of BBM Law is offering free telephonic or Zoom 30 min conversations from Thursday the 2nd of April until the end of lock down from 11 am – 1 pm. All Trustees can join one meeting and ask top of mind questions around the implications and requirements of the lockdown on Sectional Title Schemes.
Estates offer families the opportunity to ‘live, work, and play’ in a single space, which has led to a demand for practical schooling solutions in or close to estates.
But schools take up a lot of space, so it’s worth considering smaller collaborative learning spaces, fuelled by online educational centres and curriculums.
Okay, it’s official. COVID-19 is a pandemic – and it’s caused a national and international emergency. This is serious, and – yes – there is a risk of contracting the disease, and even of dying from it. But is this really the biggest risk? As with many things, it is easier to see the problems ‘out there’ and ignore the ones in our heads. So, while I’m not for one moment denying the seriousness of COVID-19, let’s look at the real risks.
Single moms have become a force to be reckoned with in the property market. Developers who want their estates to appeal to this growing demographic will need to keep in mind factors such as security, open spaces, schools and modern living units.
Most of us can point to the black stuff growing in our shower and say: ‘That’s mould.’ Fewer people can say what mould actually is. There are thousands of different species of mould that all spread through spores. Some of these moulds can cause significant health concerns, ranging from allergies to asthma attacks, and even fungal infections in immunocompromised people. Understanding what mould is, and how it grows, is the first step towards preventing it from growing and spreading in your home.
While the property industry has historically been dominated by men, an increasing number of women are making their mark in property development.
After years of controversy, the old Helen Bowden Nurses’ Home near Cape Town’s V&A Waterfront is set to be developed into social housing following the City’s decision to rezone the site for this purpose. However, the building remains occupied by the Reclaim The City activist group, who moved in in March 2017 and renamed the site Ahmed Kathrada House.
The Property Practitioner Act is a new piece of legislation that, once it is signed into law – probably mid-2020 – will replace the Estate Agency Affairs Act of 1976. Its main purpose is to establish the Property Practitioner Regulatory Authority (PPRA), which will replace the Estate Agency Affairs Board; to regulate the affairs of all property practitioners; to allow for transformation in the property sector; and to provide for consumer protection.
Johannesburg is a unique city because it was built without a local water supply. It has become the only major city in the world totally reliant on water sourced from distant rivers and pumped across mountain ranges. This creates a vulnerability that few appreciate when buying or developing real estate.
One of the main reasons people move into residential estates is to recreate the sense of community typical of villages or small, well-defined suburbs. People knew their neighbours – and their neighbours’ pets – and they memorised each other’s phone numbers. In their heads! Kids played in the street or in public open space, wandered in and out of each other’s houses, and only came home when they were hungry.
Jeffreys Bay in the Eastern Cape is best known as a top surf spot, home to the perfect wave. The J-Bay Open is one of the stops on the Men’s Surfing Championship Tour, and boasts the longest right-hand point break on the planet.
Early October 2019 saw the Property Practitioners Act of 2019 signed into law by President Cyril Ramaphosa. The new law was generally welcomed by property practitioners … even if there was initially some confusion about who exactly counts as a property practitioner!
We all know retirement facilities are the new big investment opportunity, and research shows that the R1.5 million price mark is the sweet spot. The most recent census conducted in 2011 put the total South African population at 57.7 million people. Of this number, 5.4% were aged 65 and over. When compared to the same figure in 2000, only 3.7% were aged 65 and over.
Joburg is fast becoming a megacity, but how does it compare with existing African megacities for return on investment? Cairo, Kinshasa and Lagos all carry the status of megacity – cities with a population of at least 10 million inhabitants. Fast on their heels are Dar es Salaam, Luanda and Johannesburg, which are predicted to attain the status of megacity by 2030, according to the United Nations.
Bamboo is sustainable and easy to grow, and South Africa has the perfect conditions for cultivation. Could this be the answer as a building material for affordable housing?
As Gen X hits 50, existing and planned estates need to re-evaluate their position on retirement, and on multi-generational living. As the oldest of the Gen Xers are turning 50, and watching their baby boomer parents ‘raging against the [dimming] of the light’, they are starting to ponder their own mortality, potential morbidity and – shock, horror, gasp – old age!
Not so long ago, if somebody wanted to have their complaint heard, the best options were to write a letter to the newspaper (and hope that it would be published) or dial into the radio. now, in the digital age, everyone has a voice. Never before has it been easier to have your concerns or thoughts heard – no matter how insignificant or trivial they are – and that has implications for estate managers
As with anything in life, knowledge is power and in today’s risky economic climate, investors need as much as possible to make bold, calculated investment moves that yield great results. Cue Estate Living, South Africa’s leading resource and specialist consultancy within the community living environments. Masters at building relationships and identifying new opportunities, Louise Martin and Jaime-Lee Gardner’s innovative services are helping investors and developers all over the country to understand their market.
Some of us get the idea of “Joburg luxury” completely wrong: We see ourselves in the car of our dreams driving down William Nicol on the way to work. When in fact, real city luxury (or perhaps even city happiness) could be found not when you upgrade your ride but when you shorten your commute. Living closer to work does not only add more time to your day and more buck to your budget, but recent research shows that it can also improve your overall wellness.
Not a day goes by without one hearing of some municipal crisis somewhere in the country. These range from banal but extremely annoying stories of billing crises, lack of budgetary control and bloated bureaucracies to the horror story unfolding in Emfuleni, where total collapse of the municipality as a functional entity has unleashed a tsunami of raw sewage flowing unabated along the streets and through the buildings, as it makes its way to the nearest river.
The Medine group, a century-old key player in the local sugar industry with a land bank of over 10,000 hectares, launched its Education Village in 2012 in the region of Pierrefonds as part of its diversification strategy. This campus has been designed to host a selective cast of world-class and internationally recognised institutions across different fields of study.
In a worryingly flat property market, developers are facing an ever-growing challenge to find value-adds to help them move units.
We’ve come a long way since Al Gore’s Inconvenient Truth documentary in 2006. Although not the first we’d heard of climate change and the effects of globalisation, it was an eye-opener for many and it sparked fierce debate. Things that were only spoken of then are now becoming reality, and we probably all understand the severity of global climate change, and what this means for future generations.
Probably one of the most difficult issues facing estate managers is waste management. It’s a truly Sisyphean endeavour – just when you think you’ve cleared the pile, it grows back. But creative waste management is essential, not only to maintain the beauty and integrity of our estates, but of – yes – the whole world.
Every time we hear stories of veld fires, we are alerted to the very real danger to our homes of a runaway fire. The devastating Knysna fires of 2017 are a vivid reminder of just how quickly a fire can rage out of control and cause millions of rands of damages. Coupled with domestic risks such as faulty wiring or appliances, it’s essential that bodies corporate and trustees review their estate’s insurance to ensure that they are adequately covered against fire risk.
Bamboo is one of the world’s oldest natural building materials. In Asia and South America, where it occurs naturally, it’s been the building material of choice for centuries for everything from homes to bridges and scaffolding. This wonder plant of the past offers a multitude of options for the contemporary homemaker.
The Efekto water-wise crystals is a polymer which attracts water and it’s completely biodegradable and non-toxic.
This means it’s safe and good for your plants. The crystals turn int o jelly when mixed with water, plants then absorb the water from the jelly.It’s perfect to use for garden beds, lawns, plants in containers, hanging baskets and more.
‘Our upcoming studio units in Obs are ideal for first-time investors’ – Rawson Developers’s Brad Morgan. Smaller units geared to students and short-term renters, sold at competitive price points to first-time buyers or investors, is Rawson Developers’s winning formula that is leading the property market in Cape Town’s Southern Suburbs.
There are so many reasons to invest in Mauritius, and even more reasons to live in Mauritius – for at least part of the year. And one of the best reasons is the fact that it’s a gorgeous tropical island with crystal clear, warm turquoise waters framed by palmfringed white coral beaches. And now you can buy property on the water’s edge.
The Association of Residential Communities (ARC) has been in existence for over 10 years, with 11 founder members, 10 chapters around the country and over 300 member estates, home to over 200,000 residents and representing 58% of the market in respect of number of homes.
So, you’ve gazed upon your ‘fields of corn’ … you’ve dreamt, you’ve designed and you’ve built. Now what? Do you sit back and ‘wait for them to come’, as Ray Kinsella (a.k.a. Kevin Costner), the Iowa farmer in the movie Field of Dreams, did? If you’re Kevin Costner or some other A-list Hollywood star, chances are they’ll come in droves; unfortunately, the rest of us must rely on good, not-soold-fashioned sales communication strategies and good marketing, which curates leads, from a qualified market.
A development is not a residential estate – it’s a place with houses in a greater or lesser stage of completion. But there comes a time when the developer steps out, and the homeowners association steps in – and from that moment, the estate becomes a community – a place where people live.
It’s good business to protect natural areas within your housing estate, not only because they make it a nicer living space that can command a higher property price, but also because the functions they provide have monetary value for both you as the property owner and also the municipality within which you live.
As a developer, you are already adding fibre to new properties; in fact, you may very well be retrofitting it to old buildings. Why? Because fibre is the digital differentiator. It adds value to a property and is a make-or-break factor in the buying decisions of property and business owners alike.
As providers prepare to roll out 5G mobile technology, what does this mean for us? A generation ago, mobile video calls were the stuff of spy movies and science fiction. Now, as mobile technology enters its fifth wave of evolution, we’re stepping into a future that not even James Bond or Star Trek could have imagined. And that’s not hype.
In an urban world where we are increasingly paying attention to our physical and mental health needs, the buildings that we occupy can be designed and managed in ways that help us improve our health and wellbeing. The WELL Building Standard provides indicators that can be used by the designers, owners and managers of buildings to create a healthier built environment.
Estate Living and the FTTX Council Africa will once again be hosting a Property Stakeholder Workshop during the annual FTTX Council Africa Conference taking place at the Durban Exhibition Centre in September 2018.
Construction is a hazardous endeavour, so here’s how you can make it as safe as possible – and stay on the right side of the law. Let’s say, for example, ABC Development and Property Management is planning to build a new ultra-modern clubhouse at ABC Golf Estate.
Come and join Estate Living at JNCS Beyond Security’s highly informative presentation on the Future of proactive Estate Security at the Featherbrooke Estate on 8 August 2018. Gain invaluable insights from experts in the industry JNCS Beyond security, Axis Communications and IMC.
Security is top of mind for people looking for a retirement village, so cutting edge security systems such as CCTV surveillance, intercom systems and 24-hour security guards are the norm – much as they are on many existing residential estates. But, according to Edward van der Linde of JNCS Beyond Security, the best-of-breed security goes beyond these standard measures.
Central to any estate security product offering should be the understanding that estate security is not only about keeping the criminals out, but also about managing the behaviour of those that belong in the community. This includes residents, personal and recreational guests, staff and contractors.
Most companies and HOAs strive to appoint a board of directors that will be competent and effective in providing leadership and good governance but, in my opinion, vested interests and limited stakeholder perspectives often reduce the long-term effectiveness of their efforts.
Perspectives change, and that’s just one of the reasons you need to keep an open mind. This whole management-speak gobbledygook of “thinking outside the box”, “blue-sky thinking”, and – my favourite – “win-win situation”… they’re all just words, until they’re backed up by action. So I was recently delighted to actually witness a bit of corporate blue-sky, out-the-box thinking that really did produce a win-win situation.
The Western Cape may be the primary destination for inlanders seeking a coastal lifestyle, but soaring property prices in the province, and Cape Town in particular, have made potential home buyers turn their focus to the KwaZulu-Natal (KZN) North and South coasts.
Having launched 9 months ago, Enigma Private Estate in KwaZulu-Natal has had a positive response, so positive that this new development is in the lead as the fastest selling estate in the greater Umhlanga area. More interestingly, the beginning of this year has been one of the most successful sales phases to date. The recent announcement confirming that construction is set to commence at the end of April 2018 has stimulated a strong response from the market, with the sales team achieving R30 million in sales in just one week.
At a recent health and safety workshop, the question of contractor responsibility was raised in cases where the homeowners’ association (HOA) of the estate agrees to take responsibility for a contractor hired by the owner of a residence to perform work on the owner’s behalf.
Since the advent of the first golf estate in South Africa, Selborne Parkin KwaZulu-Natal, which opened for play in 1987, the golf estate phenomenon has been characterised by often unforeseen change. The developments at Selborne were unusual, as they moved the estate away from its original function as a working dairy farm into Denis Barker’s dream of a residential golf estate.
In September 2017, when it became clear the City of Cape Town had few viable solutions for a drought of potentially precedent-setting proportions, members of a non-profit organisation, Water Shortage South Africa, took matters into their own hands. CEO and water expert Benoit le Roy began planning for a proactive campaign to lobby the United Nations for aid and expertise. “This (drought) is bigger than South Africa can handle,” Le Roy said “How does a country handle four million refugees?”
Over the past couple of decades, the number of secure estates in South Africa, both residential and commercial/ industrial, has increased exponentially. This has been largely driven by security concerns because of the escalating crime rate in the country.
The 1 000 hectare Sibaya Coastal Precinct on KwaZulu-Natal’s North Coast is well on its way to realising its vision as a mixed-use estate for every generation, with new residential and commercial developments, as well as a 2 000-learner school developed by the ADvTECH Academies Brand, in the pipeline
With people today living longer and opting for a more active lifestyle, when planning for their future retirement many have no desire to spend their latter years in a typical old age home but prefer a far more independent and active lifestyle – all within a secure location and with medical facilities readily available.
A new awareness is spreading across the world and it is bringing tremendous hope and excitement. People now understand the vital importance of making our individually small, but collectively massive contribution to the protection of all life on Earth. We are increasingly more willing to practise consumer restraint at home and at our workplaces.
In 2009, the Department of Higher Education and Training (DHET) confirmed there was a serious shortage of student accommodation in and around universities and campuses in South Africa. Fast forward to 2018, and the situation remains largely unchanged, with a constant influx of students from all around the country.
The south of Johannesburg has its fair share of lifestyle estates, but what stands out about these is the proliferation of highly affordable cluster and apartment offerings within these gated communities, offering residents all the facilities of the lifestyle estate but within reach of a young professional’s budget.
Giuseppe Plumari, CEO of Steyn City Properties, has been named Business Person of the Year at the Nedbank Business Excellence Awards 2017, hosted by the Italian-South Africa Chamber of Commerce and Industries at a gala dinner last night at the Wanderers Club in Illovo, Johannesburg.
Under the patronage of Dr Siyabonga Cwele, Minister of Telecommunications and Postal Services, Dr Andile Ngcaba, President FTTX Council Africa, the CEO Juanita Clark and other dignitaries, the 6th Annual FTTX Council Africa Conference was held at the CTICC, Cape Town, from 3 to 5 October 2017.
The world is clearly getting warmer – 2016 was recorded as the hottest year since records have been kept, and experts say this trend is likely to continue over the years to come.
Ten years ago, a desirable lifestyle would probably have been to own a modest house in the suburbs with a pretty garden, located a decent distance from the city for work. Today’s young professionals have a completely different outlook and it’s pushing developers to think way outside of four concrete walls.
With land at a premium and in short supply wherever in South Africa you may be, property developers are now steering towards repurposing existing buildings rather than starting from scratch.
The New Priority in construction and building maintenance – Passive fire protection through fire compartments. Architects, engineers, developers and contractors need to look beyond the Building Regulations to proactively seek and apply new solutions to mitigating the spread of fire in buildings.
“As long as I am useful, I want to be around and as long as I am around, I want to be useful” Dr Chris Mulder, Founder, Chairman and CEO of CMAI Architects. “I love my work; it is my hobby, my life and my passion and I am in the fortunate position that I share my work with my family who are all involved somehow or the other”, says Dr Chris Mulder who set up CMAI in 1980 with his wife Pat upon their return from America.
The beginning of May this year marks a milestone for MMI Holdings as it takes occupation of its new R306 million KwaZulu-Natal regional headquarters. The milestone is equally significant to Tongaat Hulett Developments as the new building adds to the body of evidence that Cornubia; KwaZulu-Natal’s most ambitious mixed-use property project is booming.
A typical South African Easter day could go something like this… attend church, eat to many hot cross buns, enjoy an Easter egg hunt, and then spend the rest of the day in a horizontal position. Others are out of town enjoying a mini-break. For some lucky folks, they have the opportunity to travel to far away exotic places, enjoying their Easter traditions with ice and a little colourful umbrella.
Almost every aspect of life can be described in terms of relationships, and the development and growth of a residential community is no exception. Like relationships between people, relationships within residential communities evolve, and we call that process “transitioning”. And, just like evolving relationships between people, transitioning in communities can be harmonious or acrimonious, or even downright nasty.
Mixed-use development in South Africa started gathering momentum in the late 1990s. It aimed to re-connect people with their workplaces, homes, shops and leisure activities, especially as road congestion continued to increase in our major cities.
Today telecommunications are as much part of life as electricity and water. There are many telecommunications operators and service providers to choose from, and many companies can offer you a next-generation broadband network. These broadband networks will connect ultra-high-speed – 1 Gbps and above − to homes, offices and premises around your development, whether business park, residential community or mixed use.
Vizual Security was established in 2005, in response to a real need in the market for a truly holistic and fully integrated security services offering. Initially Vizual provided primary services including cleaning and hygiene, landscaping and garden services, as well as physical security and manned guarding. Then the founding members of Vizual Security identified a need in the property development and secure estate market for a unique security services offering that would present a fully integrated security solution, together with an attractive and affordable long-term financing model. This would benefit the developers of estates and in particular homeowners’ associations who find it challenging to raise finance for these bespoke projects.
The past decade has seen a surge in mixed-use property development, a concept described by developers as a space that provides the public with a place that combines living with business and pleasure. The growth and development of South Africa’s major cities in recent years has made space one of the most valuable commodities of our time, but is the mixed-use property concept really all that new?
What makes an area attractive to residential and business investors? Good security, aesthetic appeal or convenient access to amenities? For most of us experiential beings, it’s the perfect combination of all three. But employment and budget constraints sometimes prevent us from achieving the picturesque suburban ideal that so many seek. So what if there was a formula that could improve on what’s already been established?
Realty Africa is a services company in the sub-Saharan region. Their dream is to empower local landowners, developers and architects in sub-Saharan Africa by developing new services and seeking partnerships with other companies. They want to create a total service portfolio that supports local real estate professionals and enables their businesses.
With more than 10 000 registered security companies, South Africa has one of the largest private security industries worldwide. The extent to which we rely on the private sector for our personal safety and security is exemplified by the fact that there are 2.5 security personnel for every police officer in the country – and this number is growing exponentially with our crime rate. Out of necessity, private security performs functions in the public sphere which used to be the sole domain of the South African Police Service.
Current statistics show boundaries of 6 000-plus residential communities in the country and solid growth of 15% in the development and construction of residential communities annually. Competition in the market is healthy but fierce, and we know that a brand communication strategy is imperative.
Tongaat Hulett is still primarily what it has always been: a major agribusiness involved in farming, milling and refining sugar cane throughout Southern Africa. But for the past 25 years its development division has also been converting surplus agricultural land into infrastructurally serviced real estate for residential, commercial, industrial, resort and mixed-use developments in KwaZulu-Natal.