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North Riding Eco-estate Moving Fast
Thursday, May 17, 2007 (111 reads)
Olive Crest, a unique 20-hectare eco-estate that is being developed in Johannesburg's northern suburb of North Riding, is being snapped up. Reportedly 70 of the 107 erven have been bought and the estate is said to cost a total of R48m.
The high security estate is a joint project by ICA of Johannesburg and Rabie Property Group of Cape Town, which is renowned for its environmentally sensitive approach to development.
Situated between two major off-ramps to the N1, Olive Crest is easily accessible from the major centres of Sandton, Randburg, East/West Rand, Pretoria and Johannesburg and is a 10-minute drive from Lanseria Airport.
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To Invest (or Not) In Jhb Cbd?
Wednesday, May 16, 2007 (108 reads)
Inner city investments are being promoted in the media on the grounds of their affordability, popularity with tenants and solid returns in comparison with the high cost of apartments north of Johannesburg and their lower returns, but property economist Erwin Rode of Rode & Associates advises caution.
According to Andrew Schaefer of Trafalgar, spiralling building costs have forged an unexpected ally with the buy-to-let market, promising investors double-digit rental growths in emerging areas over the next five years.
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CT homes cost highest in the world
Tuesday, May 15, 2007 (111 reads)
| Cape Town (CT) is one of the 30 most expensive cities to buy prime residential property. According to a survey, London is the world's most expensive city, beating the glamour of Monaco, New York, Hong Kong and Tokyo, while Cape Town claimed the No 23 spot on the list. |
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Four New Hotels For Sa
Friday, May 11, 2007 (113 reads)
International hotels company InterContinental Hotels Group is to open four Express by Holiday Inn properties in South Africa, with the first expected later this year in Cape Town with a 161 room capacity.
This will be shortly followed by Sandton Woodmead and Pretoria Sunny Park in early 2008, with 160 and 300 rooms respectively. Umhlanga will open in 2009.
InterContinental has an exclusive agreement with Cape Town-based ISO Leisure to develop Express by Holiday Inn hotels in South Africa. All planned Express by Holiday Inn hotels will be located in the country's business hubs or in areas of high traffic flow.
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Pta Ne Showing Growth In Demand
Thursday, May 10, 2007 (114 reads)
The area of Montana, north-east of Pretoria, is a prime growth area with some 20 000 homes currently in the process of being constructed, says Gerrie Coetzee, area principal for Pam Golding Properties.
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Jhb Inner City Housing For 50,000
Wednesday, May 09, 2007 (110 reads)
Housing is an emotive issue, and the residential development group was possibly the most volatile at the Inner City Summit on 5 May. But it was agreed that the City would lead an inner city housing plan for tens of thousands of residential units in Joburg's central area. By Ndaba Dlamini
Inner city residents called on the City to speed up the provision of affordable housing for the homeless and to act against corrupt practices by property owners at the Inner City Summit.
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Scholarships For Sect. Title Course
Tuesday, May 08, 2007 (107 reads)
A new Sectional Title Scheme Management Course introduced in December 2005 is now considered to be the industry benchmark course. 5 scholarships are now being offered for previously disadvantaged individuals to attend the next 6 month course, which begins on the 4th of June 2007.
Most people are aware that the Estate Agency Affairs Board (EAAB) plans to introduce compulsory education for estate agents towards the middle of this year. This is a positive step towards professionalising an industry well known for its unprofessional conduct. According to the Estate Agency Affairs Act, of 1976, those who manage sectional title property for a fee are defined as estate agents and the EAAB has made provision for these managing agents in their new training programme.
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Political Comment Unemployment trend
Monday, May 07, 2007 (165 reads)
Why are private equity companies so keen to buy SA retailers? There are a number of reasons, global liquidity and low interest rates amongst them. But, part of the answer might lie in what is happening with employment in SA. Larger numbers of people are being employed and every newly employed person is an additional customer to the retail trade.
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New Player In Commercial Leasing
Sunday, May 06, 2007 (80 reads)
A new national commercial property leasing business has emerged as a result of sector consolidation.
Madison Leasing, a division of South Africa's first JSE-listed property asset managers Madison Property Fund Managers, has been mandated to assist in leasing vacancies in the property portfolios of leading JSE-listed property loan stocks ApexHi Properties Limited and Redefine Income Fund.aa
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Caution When Buying Off-plan
Friday, May 04, 2007 (129 reads)
It is quite staggering how negligent buyers can be when examining the plans for properties bought off plan in sectional title projects, says Lanice Steward, MD of Anne Porter Knight Frank.
"Our experience has shown that the agent cannot insist too much on making the client examine his plans. Time and again we have found that they have not fully understood what they have signed for. Then, when they awaken to reality, they find themselves either having to pay more to get what they want – or blocked because their changes would not fit the overall design."
Steward says buyers must realise that contractors buy in bulk and that the materials they offer have usually been secured at a discount. Any change, therefore, is likely to be expensive.
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