A new affordable housing development will offer a range of housing packages to buyers who can spend between R375k and R600k on a home.
Nedbank is to finance and affordable housing project in Roodepoort where 230 residential stands in Groblerpark Extension 71 have been earmarked for development. The funding is worth R24,5-m.
The civil engineering works at the site were completed last year and the electrical reticulation is currently being installed. The funding was provided to Johannesburg Financial Securities (JFS), responsible for the development.
JFS has allocated stands to a number of developers who are offering members of the public housing packages starting at R375k for a 40 sqm house, including the stand and all costs, up to a 90 sqm house costing around R600k
The final price depends on the specifications and finishes selected by the buyers.
Groblerpark Extension 71 is located close to a number of schools and is about ten minutes away from the West Gate Shopping Centre.
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