[vc_row fullwidth=”true” fullwidth_content=”false” css=”.vc_custom_1618995346860{padding-top: 20px !important;background-color: #d61d28 !important;}”][vc_column][mk_fancy_title tag_name=”h1″ color=”#ffffff” size=”44″ font_weight=”900″ margin_bottom=”10″ font_family=”none” align=”center”]Property News[/mk_fancy_title][/vc_column][/vc_row][vc_row css=”.vc_custom_1585843922346{padding-top: 80px !important;padding-bottom: 80px !important;}”][vc_column][mk_fancy_title tag_name=”h4″ size=”28″ font_weight=”900″ font_style=”normal” margin_bottom=”0″ font_family=”none”]Oranjezicht development offers a choice mix[/mk_fancy_title][vc_separator color=”custom” align=”align_left” el_width=”50″ accent_color=”#d61d28″][mk_dropcaps style=”fancy-style” size=”40″ padding=”20″ background_color=”#d61d28″ text_color=”#ffffff”]S[/mk_dropcaps][vc_column_text css=”.vc_custom_1585842973811{margin-bottom: 0px !important;}”]ectional title property remains a popular investment option in SA, and Horizon Capital recently launched The Cedar, offering a range of apartments to choose from. Set on an old Oranjezicht farm alongside The Aster, another of Horizon’s successful developments, The Cedar comprises 18 exclusive units built across five storeys. Apartment prices start from R2.495m (including VAT) and no transfer duties apply. The development’s first three floors consist of one- and two-bedroom residences, while the top two floors are taken up by three luxury penthouses with panoramic views of Table Mountain and the City Bowl. Each penthouse has a private roof deck with a pool or a Jacuzzi, whereas the other apartments all open up onto terraces, also with mountain views. Moreover, residents can relax and entertain on a spacious communal deck with a pergola, a Jacuzzi and a gas braai. With sustainability being top priority, the development has many eco-friendly and offgrid features such as its own generator, solar water heating, water-efficient fittings and low-energy LED lighting. All apartments come with separate storage pods. Basement parking, CCTV, access control and electric fencing ensure convenient, secure living. The development is short-term letting friendly with a fully managed service available, offering investors an opportunity to achieve attractive rental yields.[/vc_column_text][mk_padding_divider size=”30″][mk_image src=”https://augpl.wpengine.com/wp-content/uploads/2020/04/the-cedar.jpg” image_size=”full”][/vc_column][/vc_row][vc_row fullwidth=”true” fullwidth_content=”false” css=”.vc_custom_1618995478394{padding-top: 60px !important;padding-bottom: 50px !important;background-color: #d6424c !important;}”][vc_column][vc_row_inner][vc_column_inner][mk_fancy_title tag_name=”h4″ color=”#ffffff” size=”28″ font_weight=”900″ font_style=”normal” margin_bottom=”0″ font_family=”none”]Property industry calls for further interest rate cuts[/mk_fancy_title][vc_separator color=”custom” align=”align_left” el_width=”50″ accent_color=”#000000″][mk_dropcaps style=”fancy-style” size=”40″ padding=”20″ background_color=”#ffffff” text_color=”#d61d28″]T[/mk_dropcaps][vc_column_text el_class=”white-text” css=”.vc_custom_1618995588944{margin-bottom: 0px !important;}”]he world economy is reeling in the wake of an unprecedented medical crisis, with major countries in lockdown to curb the spread of Covid-19. These are challenging times for most industries, including the property sector. According to Pam Golding Property Group CEO Andrew Golding, SA’s downgrade to junk status by Moody’s rating agency is a further blow to a weakened economy that has already slipped into recession and is only starting to grapple with the ramifications of the lockdown. “Some have pointed out that the market has already largely priced in the downgrade and have called for a dramatic further reduction in the interest rate in order to bolster the economy, particularly in light of the pandemic,” he says. “Since the local property market is driven by sentiment, there are bound to be negative effects that will likely remain over the medium to longer term unless whatever stimulus there is available to the economy is provided as a matter of urgency. “There are still sellers and buyers who are willing and able to transact, and technology means that buyers, many of whom now have more time than before, can browse neighbourhoods and properties and even view virtual tours of homes while liaising with reputable, experienced real estate agents.” With first-time and other buyers looking for affordable properties, the demand remains high for homes in the sub-R1m price band where no transfer duties apply. Golding sees this as a meaningful contributor to activity in the housing market. With the Deeds Office currently closed, transactions under way can still be partially processed online to be concluded after lockdown.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1585844646157{padding-top: 80px !important;}”][vc_column][mk_fancy_title tag_name=”h4″ size=”28″ font_weight=”900″ font_style=”normal” margin_bottom=”0″ font_family=”none”]Balwin’s Munyaka sees record sales[/mk_fancy_title][vc_separator color=”custom” align=”align_left” el_width=”50″ accent_color=”#d61d28″][mk_dropcaps style=”fancy-style” size=”40″ padding=”20″ background_color=”#d61d28″ text_color=”#ffffff”]S[/mk_dropcaps][vc_column_text css=”.vc_custom_1585843959250{margin-bottom: 0px !important;}”]ince launching a few weeks ago, JSE-listed Balwin Properties’ new development Munyaka in Waterfall, Midrand, has sold 555 apartments totalling R850m in four days. These include two ultra-luxurious beachfront penthouses that went for R30m each to set a new benchmark, and two of four super-luxurious beachfront units that were sold at R10m each. “We’ve been inundated by interested buyers,” says Balwin Properties founder and CEO Steve Brookes. “We achieved sales across all units at Munyaka, with our entry-level offering providing access to an unsurpassed lifestyle.” Over the coming eight years, 5,020 architecturally designed apartments will be developed at Munyaka, where construction of the largest Crystal Lagoon in the southern hemisphere has already started. Balwin Properties’ core high-quality one-, two- and three-bedroom units start from R799,000 and feature Scandinavian-style kitchens, free ecofriendly appliances, balconies and convenient prepaid water and electricity meters. All residents will enjoy access to Munyaka’s Crystal Lagoon. Other amenities include a six-star Green Star-rated lifestyle centre (with free access to a gym), as well as squash courts, an on-site concierge, restaurants, meeting rooms, a heated pool, laundromats, a cinema, a wellness spa and a children’s play area. Free Wi-Fi and cellphone-charging facilities will be available at the lifestyle centre and around the lagoon’s beachfront area. Construction of the boundary wall, gatehouse, lifestyle centre and show apartment block is currently under way.[/vc_column_text][mk_padding_divider size=”30″][vc_video link=”https://www.youtube.com/watch?v=HT4j8YdQOxE&feature=youtu.be”][/vc_column][/vc_row][vc_row css=”.vc_custom_1585844671946{padding-top: 70px !important;}”][vc_column][mk_fancy_title tag_name=”h4″ size=”28″ font_weight=”900″ font_style=”normal” margin_bottom=”0″ font_family=”none”]New lifestyle estate launches in Durbanville[/mk_fancy_title][vc_separator color=”custom” align=”align_left” el_width=”50″ accent_color=”#d61d28″][mk_dropcaps style=”fancy-style” size=”40″ padding=”20″ background_color=”#d61d28″ text_color=”#ffffff”]M[/mk_dropcaps][vc_column_text css=”.vc_custom_1618995609334{margin-bottom: 0px !important;}”]ulti Spectrum Property (MSP) Developments, responsible for the award-winning Buh-Rein Estate, has just launched Bonsai Estate, a prestigious residential lifestyle estate in Cape Town’s Northern Suburbs. Phase 1 includes the first of 64 apartments and 32 freestanding homes. Set on prime land in Durbanville’s Langeberg Ridge, the estate will feature landscaped parks and recreational areas. To promote environmental consciousness and maintain the natural character of the site, at least 28 existing trees will be retained.
“Our research shows that Bonsai Estate’s designs, finishes, landscaping, amenities, security and unique location set it apart from anything else currently on offer in the area,” says MSP Developments CEO Riaan Roos. Starting from R1,399,900, with no transfer duties payable, the first of the apartments are two-bedroom, one-bathroom units in six configurations, each with a balcony, an outdoor braai area and two parking bays. Inside, luxury fittings and finishes include Bosch appliances and Hansgrohe and Smeg sanitaryware.
The freestanding homes, each with three bedrooms and two or two-and-a-half bathrooms, are priced from R2,299,900, with no transfer duties payable. Available in nine configurations, these contemporary residences have double garages and built-in braais in enclosed gardens. Besides state-of-the-art Bosch appliances and Hansgrohe and Smeg sanitaryware, the interiors also feature LED downlights. “Bonsai Estate will include numerous pocket parks, with a play area designed in conjunction with a children’s play equipment manufacturer,” adds Roos.[/vc_column_text][mk_padding_divider size=”30″][/vc_column][/vc_row][vc_row css=”.vc_custom_1585844595500{padding-bottom: 80px !important;}”][vc_column width=”1/2″][mk_image src=”https://augpl.wpengine.com/wp-content/uploads/2020/04/bonsai-estate-entrance.jpg” image_size=”full”][/vc_column][vc_column width=”1/2″][mk_image src=”https://augpl.wpengine.com/wp-content/uploads/2020/04/bonsai-estate-play-park.jpg” image_size=”full”][/vc_column][/vc_row][mk_page_section bg_color=”#d6424c” bg_position=”center center” speed_factor=”-10″ full_width=”true” padding_top=”0″ padding_bottom=”0″ has_top_shape_divider=”true” top_shape_size=”small” bottom_shape_size=”small” sidebar=”sidebar-1″][vc_column][/vc_column][/mk_page_section]