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Articles published in May 2007

 
KZN: Coastal dev for Southbroom
02 May 2007
The sought after, unspoilt area of Southbroom on the KwaZulu-Natal south coast saw the launch last month of an upmarket nine-unit development, The Park, to be situated in the heart of this prime coastal town with spacious homes set in a natural...
Milnerton area now the place to buy
02 May 2007
Properties in Cape Town's urban fringe Western Coast suburbs such as Milnerton, Brooklyn, Rugby, Sanddrift, Tygerhof and Century City are benefiting from their closeness to the Cape Town CBD.
Locals buying Somerset West estate
02 May 2007
The Fair Havens security estate situated on the slopes of the Helderberg, overlooking the coastal suburbs of the Strand and Gordon's Bay, is being snapped up by local buyers out to purchase the best views currently on the market in the area.
Claremont upgrades central area
02 May 2007
The cranes are flying in Claremont Central - Claremont's Business District. They provide the obvious symbol of some R2-billion of private sector investment that is creating new office, retail and residential development in the area, according to...
Overberg: growth will fuel property
02 May 2007
The Overberg district of the Western Cape is on track for substantial economic expansion which in turn is likely to fuel another property boom within the next three years.
SA Corp. to acquire Cullinan centre
02 May 2007
SA Corporate Real Estate Fund is proposing to add Cullinan Jewel Shopping Centre, a recently upgraded neighbourhood complex in Cullinan, 50 km east of Pretoria, to its current portfolio.
Louis Luyt's Ballito Manor 40% up
03 May 2007
Ballito Manor, possibly the most luxurious beachfront development in Ballito, is seeing units sell at 40% more than they were a year ago as investors scramble to get a piece of Ballito's beachfront before prices become too exorbitant.
Tyger Valley office leases buoyant
03 May 2007
In Tyger Valley, a decentralised region in the Western Cape, office leasing is experiencing growth due to a low vacancy rate. By Carin Smith
Caution when buying off-plan
03 May 2007
It is quite staggering how negligent buyers can be when examining the plans for properties bought off plan in sectional title projects.
Bulgaria now heading upmarket
03 May 2007
The signs are that Bulgaria, once consigned to the cheap and cheerful bracket, is now heading upmarket. UK and Europe property expert Andrew Stefanczyk takes a look at property in Bulgaria.
20 stands left at top Tygerberg dev
04 May 2007
The construction of homes is rapidly forging ahead at the Baronetcy Estate, situated on the Tygerberg in Plattekloof IV, where only 20 prime plots remain to be sold.
6km of canals for Venice Village
04 May 2007
Harties' new Venice Village with its five star San Marco hotel launched last night at Nelson Mandela Square in Sandton. Located on the last available land at the dam, the development will offer unique Venetian-style living in triple storey units...
Melrose Arch's 'Lincoln' canned
04 May 2007
Buyers who purchased apartments and penthouses off-plan in the swanky Melrose Arch development 'The Lincoln' in the northern suburbs of Johannesburg were told last week that their contracts have been cancelled. By Joan Muller
Century City development demand
04 May 2007
Century City's success continues to dazzle with buyers snapping up 126 homes totalling R180m off plan in just 10 days in a new residential development called Waterstone.
Township retail's impact on CBDs
04 May 2007
According to John Loos, property economist for FNB's Commercial Property Finance division, retail purchasing power in townships does not pose a threat to CBD rejuvenation. By Kara Michaels
Offshore hotel investors eye SA
04 May 2007
Investors and operators in the hotel industry have seen a marked increase in occupancies and income in 2006, no doubt prompting more developers and operators overseas to set their sights on South Africa. By Joan Muller
Strand gets hypermodern tower
07 May 2007
The Strand in False Bay, Western Cape has experienced a dramatic change over the past few years, turning it into one of the most sought-after holiday destinations in the region. And soon this area will boast yet another hypermodern tower...
Investors snap up Helderberg
07 May 2007
Pebble Bay security village in Gordon's Bay has sold out in less than a month. Prices for bachelor apartments started at R420 000, while the largest two bedroom units were priced from R700 000 to R791 600.
58% of Old Match factory sold
07 May 2007
The Old Lion Match residential development in CT's Observatory has sold 58% of the apartments already.
Mixed-use resorts to boost Namibia
07 May 2007
IFA Hotels & Resorts, Kuwait, has officially announced the entry of its South African subsidiary into the Namibian hospitality market in a venture in which three Namibian hotels are to be re-developed, and a mixed-use hotel development is due for...
Bakoven to become the next Clifton
07 May 2007
Last month two sectional title units sold for R11.2 million and 14.3 million in Bakoven and since August last year, these make up a total of just four sales in one of the most sought after, exclusive suburbs in Cape Town.
Strand commercial auction 10 May
07 May 2007
A fully tenanted, prime located commercial building in Strand in the Western Cape is to be auctioned on site on Thursday 10 May 2007 at 11am.
R86m for new Limpopo retail centre
07 May 2007
Five hundred permanent jobs have been created through the opening of the R86 million Hubyeni Shopping Centre at Elim, a town 13km southeast of Makhado (Louis Trichardt) in Limpopo.
How to get electrical compliance
07 May 2007
Beetle and Electrical Inspections expert Nicky Versfeld looks at the how, what and where of getting your beetle and electrical inspections done.
Fish Hoek's rising rental market
08 May 2007
Fish Hoek located along the Western Cape's False Bay coast on the way to Simons Town is experiencing a rental property boom.
Darling area prices rising fast
08 May 2007
Residential property prices in the outlying areas of Greater Cape Town are rising far faster than those in Cape Town's suburbs, says David Evans, Rawson franchisee for Melkbosstrand, Yzerfontein, Malmesbury and Darling.
Jhb inner city housing for 50,000
08 May 2007
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...
2010 triggers massive growth for CT
08 May 2007
Cape Town residents are urged to take part in the consultation process for the Integrated Development Plan and budget.
Small houses, killer views
08 May 2007
The shrinking size of property in relation to rising prices has given birth to an exciting new trend all over the country to build upwards. Nowhere is it more obvious – or appropriate – than on the edge of Cape Town's CBD, and it could also be...
Gansbaai: property values will rise
09 May 2007
Gansbaai is fast moving towards becoming the Western Cape Overberg's new Hermanus.
Down the lane
09 May 2007
Gardens, large and small, often have a strip between the house and the fence where you sometimes hide gardening tools or dump garbage. Instead, why not make that unsightly part of your yard so beautiful that you will no longer want to conceal it?...
CT demand ups O. Mutual lease value
10 May 2007
Strong demand for industrial space in greater Cape Town boosted the value of leases signed by Old Mutual Investment Group Property Investments in the metropole in the 12 months to March 31.
Buying overseas: slow markets best
10 May 2007
With interest rates either remaining level or rising, house price growth is slowing down across Europe, South Africa, Asia and North America. By Ntokozo Maseko
Kalk Bay development sells R102m
10 May 2007
As demand continues unabated for Kalk Bay's picturesque development, The Majestic Village, sales have topped the R102m mark and are still going strong.
Four new hotels for SA
10 May 2007
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. I-Net Bridge
Comm. stock low as demand rises
10 May 2007
Blue chip companies such as Barclays/ABSA and the Bombela Consortium have leased thousands of square metres of office space over the past six months as commercial property demand continues to rise. Consequently stock in this property sector is...
Space saving 'wall bed' for bachelor pads
10 May 2007
In the never-ending search for more storage space, home décor and DIY expert Janice Anderssen was recently bowled over to learn that the best space-saving solution ever invented is being launched in South Africa. The Murphy Wall bed has arrived!
Last unit at Wynberg's Chelsea Mews
11 May 2007
Just one remaining unit is still available directly from the developer at the Chelsea Mews development in Wynberg, where 14 units sold out in a matter of 3 weeks late last year.
Tenants show faith in uShaka retail
11 May 2007
uShaka Marine World's (uShaka) chief operating officer, Bongani Xaba, announced today that uShaka Village Walk, the retail component of the marine park, recently signed lease extensions worth R8,3m, pushing the occupancy of the shopping mall to...
PE's Wedgewood: construction starts
11 May 2007
Ground was officially broken on the R1,2bn Wedgewood Village Golf and Country Estate today, marking the start of construction of Port Elizabeth's second-largest project developed by national property group Pinnacle Point Holdings (PPH).
Installing laminate flooring
11 May 2007
Peter Geyer of Berry Floors says homeowners should understand the installation process of laminate floors to ensure quality workmanship and value for money.
Knives for screwdrivers
11 May 2007
Unstoppable quad Chris Boyle, who is renovating his house to suit his special needs, starts making his house liveable using the right tools - not his gran's knives!
CT homes cost highest in the world
14 May 2007
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...
New Villa D'Algarve sought-after
14 May 2007
Villa D'Algarve sectional title development at Muizenberg has now reportedly almost completed the 157 sold out homes of which the scheme is comprised.
Hospitality homes prove profitable
14 May 2007
Anne Porter Knight Frank are experiencing an unprecedented demand for homes that can be converted into guesthouses or B & Bs or existing facilities of this type.
KZN: Last units offered at Mystique
15 May 2007
After being launched two years ago, the new residential development Mystique, located in Shelly Beach in KwaZulu-Natal, is finally coming out of the ground as the developers have put the last four units up for sale.
Springs: houses needed for R500k
15 May 2007
The mining town of Daggafontein in Springs is being transformed by residential development. There is a demand for housing in the Springs area in the R500k region.
Stonehurst estate in resale phase
15 May 2007
Last month Property24 reported that Mvelaprop's Stonehurst Mountain Estate plots had sold out and doubled in value. Now this sought-after development has a few plots available for re-sale.
Check the small print
15 May 2007
The business of buying or selling a home is for most people the most important transaction of their lives and, specifically in the case of first time buyers, the sales contract is of the utmost importance to ensure peace of mind.
High foreign trade, promising 07/08
15 May 2007
Figures assimilated by Rawson Properties from the Regional Property Price Ranger and other statistics indicate that buying of Cape residential property by foreigners hit a high point over the December2006/January 2007period. This bodes well for...
Rental income pays for frail care
16 May 2007
Making arrangements to ensure you will be able to afford frail care, should you need it in later years, ranks right up there with regularly updating your will - that is, it is not something most people relish doing.
Who switched the lights off?
16 May 2007
Over the past few months many South Africans have been left in the dark. Home décor and DIY expert Janice Anderssen says that the recent spate of power failures at major centres countrywide have brought home the fact that we're going to have to...
Prime Dolphin Coast site on auction
16 May 2007
A prime 188ha development site on KZN's Dolphin Coast is up for auction in June.
Building begins on R68m Cape hotel
16 May 2007
Construction has begun on a new R68m Sun International hotel, adjoining the Golden Valley Casino site, in Worcester in the Western Cape.
US celebrity shops for property in CT
16 May 2007
Yet another celebrity has been spotted shopping for property along Cape Town's exclusive Atlantic Seaboard and this time the price tags of properties viewed were around the R6m mark.
Hyde Park lock up and go
17 May 2007
Security and luxury are key to finding property. In Johannesburg this combination is rare, but it can be found in Hyde Park.
Unique proposal for old Hopewell farm
17 May 2007
A large tract of vacant land in the Greenbushes area of Port Elizabeth is to be developed into a unique, multi-faceted rural residential estate if the Department of Economic Affairs, Environment and Tourism (DEAET) approve a recently submitted...
Cape Town's rates evaluation begins
17 May 2007
The City of Cape Town has embarked on its supplementary valuation process in respect of the Municipal Property Rates Act (Act No. 6 of 2004). The act is aimed at regulating the power of local government to impose rates on property.
North Riding Eco-estate moving fast
17 May 2007
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.
Gordon's Bay capital growth chance
17 May 2007
Pebble Bay development's 126 units in Gordon's Bay were sold out within a month, this following LaBella's being sold out in just 45 days. More new affordable developments are planned for Gordon's Bay, such as Mont Blanc on Hibiscus Road.
Home-grown goodness
17 May 2007
A well-kept vegetable garden will also improve the market value and 'sell-ability' of your property when the time comes to reap the benefits of your investment. Property24 looks at some of the benefits of creating a vegetable garden. By Debbie...
Shine a light on your sale
17 May 2007
When a house goes on to the market, the owners usually try to ensure that it looks its best. Paintwork is touched up, carpets are shampooed, surfaces are cleaned and the garden is trimmed.
Credit Act's impact on home loans
17 May 2007
There has been much speculation over the impact of the National Credit Act (NCA) on the Mortgage industry, with some estate agents even claiming that the NCA will push mortgage approval times from 7 days to two months. Bond Finance expert Ian...
Affordable homes getting attractive
18 May 2007
It's becoming apparent that the lower end, small-sized / no frills homes are looking more and more attractive as time goes by. So says John Loos, property strategist for FNB commercial banking.
Construction boom to go beyond 2010
18 May 2007
There are a number of key aspects like demand from India and continued growth needs in SA that will keep the construction sector going for longer than expected, said Mike Lomas, recently retired CEO of civil engineering company Group 5. By Evan...
KZN's bankable South Coast dev.
18 May 2007
Successful property developers Indawo Investment Trust, are turning their attention towards the KwaZulu-Natal south coast area with significant investment already under way, says Pam Golding Properties Margate area principal Dina Porteous.
New hope for buy-to-let homes
18 May 2007
Is the long-awaited recovery in the buy-to-let market finally in sight? It certainly seems so. By Joan Muller
Homes of the future
18 May 2007
It's not too ridiculous to imagine a home that is completely automated with auto-cooling, self-heating, self-cleaning and able to communicate over the phone. Designers are already at work on the home of the future. Home décor and DIY expert...
Sasolburg a profitable investment
21 May 2007
For the last year, 30% of Sasolburg's real estate buyers have bought purely for investment purposes – and for as along as this selective group of purchasers continues to find value for its money, local real estate activity is set to continue at...
Emergency caucus over Cape's rates
21 May 2007
The Independent Democrats (ID) in the City of Cape Town has called an emergency caucus on Monday to discuss the full impact of the draft budget on the 406,739 households across the city. By Donwald Pressly, I-Net Bridge
Insure for risk-free investing
21 May 2007
Insuring your property investments against damage or destruction will go a long way towards making certain it remains an investment and not a gamble. CEO of Mirfin Constant Laubscher takes a look at how to do this.
CT: 11% of rates accounts will drop
22 May 2007
The City of Cape Town has completed its dummy billings run in preparation for the new rates and tariffs for the 2007/8 financial year - and says that in the case of 11% of the 406,000 households the total municipal account will in fact drop. By...
Bellville commercial auction 24 May
22 May 2007
A property located at the corner of De Lange and Vlei Roads, Bellville, within walking distance of busy Voortrekker Road, is to be auctioned on site on Thursday 24 May 2007.
Management co. bags 3 new buildings
22 May 2007
A national property management company has won three new contracts to manage office blocks in the past few months.
Golf estate stands from R300k
22 May 2007
The new golf estate planned for the Eastern Cape by Golf Data will offer freehold sites priced from the low R300 000s, making it the most affordable golf estate in the country. By Ingrid Smit
New CT northern suburb launches
23 May 2007
A huge new suburb launches in Cape Town today that is being designed to help smooth the traffic congestion between the northern suburbs and the city centre.
Newlands sold out in 5 months
23 May 2007
The Monorgan Mews development in Newlands has been completely sold out in just five months.
Bridging finance to be regulated
23 May 2007
South Africa has seen phenomenal growth in the bridging finance industry, which has dictated that the presence of a regulatory body is imperative. As such, The Bridging Finance Association of South Africa (BFASA) was established earlier this year...
Communication on rates 'poor'
23 May 2007
Local authorities should be concentrating on communication to ensure the smooth implementation of the new Municipal Property Rates Act, and minimal impact on their ratepayers.
Make your home warm this winter
24 May 2007
Winter is the season when the lovely countryside is stripped of colour and everything turns a shade of grey. Even though global warming is bringing warmer and warmer winters every year, there are still cold spells when the winter chill creeps in...
Bergvliet Farm project goes ahead
24 May 2007
After a lengthy four year planning and plan approval period, the Bergvliet Farm Estate development close to Keyser River in the Constantia Valley, 12km south of the Cape Town CBD, has been given the green light – and work has begun on site.
Perfectly positioned Ladies Mile
24 May 2007
Ladies Mile Extension, the one kilometre tree-lined road leading from the Blue Route to Christ Church Constantia has become one of the most sought-after of all Upper Constantia areas.
Conservation land facing dev. risk
24 May 2007
Plans to create a luxury housing estate on the southern edge of Langebaan in the area known as Klein Oosterwal or Shark Bay, is encountering stiff opposition from local residents who want the area to be retained as a nature conservancy. By Steve...
Langebaan: new, trendy office space
24 May 2007
Langebaan will soon see the establishment of a new office complex sitting on 670 sq m of lettable office space. The site is on the corner of Oostewal and Sleigh Streets, which used to be a single-storey guest house.
Two new Radisson hotels in SA
24 May 2007
The Rezidor Hotel Group, one of the fastest growing hotel companies in the world, is set to open two new Radisson Hotels in South Africa next year – one in the heart of Sandton's upmarket business district and the other in Port Elizabeth's busy...
Credit Act could increase bond fees
24 May 2007
Homebuyers could be slapped with substantially higher fees on new mortgage agreements from the first of June this year when the National Credit Act (NCA) takes effect. The NCA introduces a new fee structure for banks and other mortgage lenders,...
Mountain golf estate sold out
25 May 2007
The recent launch of Nondela Drakensberg Mountain Estate, located near the Oliviershoek Pass, saw all its sectional title stands sold out in March 2007.
Le grand entrance
25 May 2007
While entrance halls may be getting scarcer, those that remain are really impressive; one entrance hall even has its own entrance hall! By Neill Hurford
Tenants, landlords at loggerheads
25 May 2007
The landlord / tenant relationship has never been an easy one. There are many pitfalls for both, of which most are still unaware. One such grey area concerns the rights of a tenant if his landlord's property is sold in execution.
Letting market saves on stamp duty
25 May 2007
The amendments to the Stamp Duties Act announced by Finance Minister Trevor Manuel in the February budget come into effect on 1 June. This will come as good news to landlords and tenants.
Healthy prospects for KZN in 2008
28 May 2007
It's all systems set to go for the KwaZulu-Natal property market as agents prepare for an upturn next year. The lower end of the market, outer lying areas and the South Coast are all showing healthy growth, while the whole KZN market is...
Rental stock shortage coming
28 May 2007
Is the long-awaited recovery in the buy-to-let market finally in sight? It certainly seems so. More than one report released in recent weeks by banks and other property commentators suggests that there's a growing shortage of rental stock priced...
Hoteliers show renewed faith in JHB
28 May 2007
Hotel operators and financiers have shied away from the Johannesburg hospitality market over the past seven years following the development frenzy of the late Nineties. Back then, in less than four years, the number of hotel rooms in...
Bridging finance combats delays
28 May 2007
Deeds office delays mean some sellers have to wait up to three months for transfer and registration to go through to the new owner, leaving some of them with no accessible capital to reinvest in a new property.
Sales in CT taking a bit longer
28 May 2007
The time taken to sell a Cape residential property has increased in the last few months by some 50%.
Cyprus looking good for investors
28 May 2007
The property boom in Cyprus continues to grow, with the south seeing plenty of demand from those keen to invest in cheap property, both as residents or in the rented sector. UK and Europe property expert Andrew Stefanczyk takes a long hard look...
Convention breaking architecture
29 May 2007
Well known experimental US architect, Michael Jantzen, walks us through the motivation behind some of his most unique work. His projects are distinct and often focus on flexibility, energy conservation and cost cutting where possible. By Ntokozo...
R300m office park build commences
29 May 2007
Construction is about to get under way on the new R300m Greenstone Hill Office Park development in Modderfontein.
Gauteng construction burgeoning
29 May 2007
Gauteng's construction and peripheral industries are set to experience an 'explosion' never seen before in South Africa in the coming years, according to Standard Bank chief economist Goolam Ballim. I-Net Bridge
Plant a plum tree
29 May 2007
Plum trees (Prunus domestica) are perhaps not as popular with gardeners as their cousins, apricots and peaches, but, whether enjoyed fresh, preserved or in jams, plums are as delicious as other stone fruits. By Johan van Zyl
KZN's Phoenix rises
30 May 2007
Mahatma Gandhi's arrival in South Africa in 1893 led to the establishment of a spiritual settlement in Phoenix, KwaZulu-Natal, that is now in the process of being restored – as are many of the area's once council-owned homes. By Ingrid Smit
Credit Act affects industry
30 May 2007
The new Credit Act, which comes into effect on 1 June 2007, will have far-reaching effects on the credit industry, and by default the property industry, since buying a house is generally one of the larger purchases that a buyer can make on credit.
PE's inner city outgrows suburbs
30 May 2007
Driven by high demand for inner city accommodation and the international trend to live and work within close proximity, rental rates in Port Elizabeth's inner city suburb of Central have outstripped the growth experienced in the more expensive...
Win a year's free golf at Ebotse
30 May 2007
One lucky golfer will win a year's free golf membership at Ebotse Golf & Country Estate in Benoni, Gauteng.
Small developers becoming a trend
30 May 2007
Small, independent developers have become a significant feature of the property market in recent years - but the phenomenon brings with it dangers as well as benefits.
Keep those home fires burning
30 May 2007
Homeowners lucky enough to have an old fireplace lurking behind furniture in the lounge may well have cause for gratitude this winter.
$300m for affordable housing
31 May 2007
International Housing Solutions (HIS) has secured a $300m equity fund earmarked for the creation of affordable housing for SA. By Steve Kretzmann
Radical design for Northriding
31 May 2007
A unique and seemingly ambitious project is underway in the suburb of Northriding, Gauteng. Its design objective is a minimalism and modern look, although the development is still in the initial stages of construction, the digital conception of...
Be wary of guaranteed returns
31 May 2007
Buy-to-let investors should be wary of property developments offering guaranteed returns, ensuring their cash flow can sustain lower rentals when the pledge period expires.
Ruimsig's burgeoning market
31 May 2007
The Ruimsig area on the fringes of the West Rand's Roodekraans Ridge, home of the Walter Sisulu Botanical Gardens, continues to forge ahead as a unique property node.
Protea business hotel for Bloem
31 May 2007
Protea Hotels has announced a new R60m business hotel in Bloemfontein, set to open in April 2008. Construction on the Protea Hotel Willow Lake is scheduled for late May, and will see a new 94-bedroomed hotel design.
Fashion wall options strong in SA
31 May 2007
Extravagant Baroque, rich silks and velvets, dramatic metal and denim… you would be forgiven for thinking that these are the latest fashion trends from the catwalks of Milan and Paris. In fact, they are fashion trends – but rather than being...
What sect. title rental covers
31 May 2007
Tenants planning to rent sectional title flats or townhouses should make sure they understand what their rent covers and how levies may affect them.
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