Here’s an exercise: during your commute or drive to work, try and take note of the property developments that are getting started or are currently underway. Irrespective of the province you’re in, it seems developers are tearing down old buildings to make way for something new and more appealing to investors and buyers.
The property development market has changed a lot in the last decade. It’s not just about developing a shopping centre or an estate and calling it a day but creating an experience. Shopping centres have evolved into lifestyle centres and workspaces. Now, it’s a place to spend your weekday or weekends sweating it up at the gym, unwinding at a spa, and then popping into the shops to grab your groceries. In this same centre, you’ll find many small to medium-sized businesses.
“The property development space is exciting, and if you’re an investor there are plenty of opportunities.”
An example of this is The Point Mall in Sea Point, Cape Town. Situated on the busy Regent Road, the mall caters to all your wellness, style, and eating needs. It also hosts plenty of businesses within the upper levels of the building.
The property development space is exciting, and if you’re an investor there are plenty of opportunities. Let’s take a look at some of the exciting developments in 2020 and beyond.
“…will be situated in the North-West of Johannesburg with easy access from Sandton, Midrand, and Fourways.
Lanseria Airport City
During the State of The Nation Address last month, President Cyril Ramaphosa outlined the plans for Gauteng’s new smart city. According to the president, Lanseria Airport City could have between 350 000 and 500 000 residents within the next decade and will be 5G-ready with green infrastructure.
The Gautrain will extend its route to include the city and may boost job creation. It will be situated in the North-West of Johannesburg with easy access from Sandton, Midrand, and Fourways.
The smart city will be a hub for information, communications and technology (ICT) that includes training and research, with an array of tourism and leisure attractions. Sectors like manufacturing and logistics will also play a huge role here, with businesses in these industries having the chance to set up shops in the area. It will also offer retail, conference, and a luxury hotel.
“The estate will include five communities.”
Blythedale Coastal Estate
South Africa’s first eco-city is currently underway and will offer its residents a lifestyle that is eco-conscious. Blythedale Coastal Estate is an hour from the Durban CBD, ten minutes north of Ballito and 25 minutes from King Shaka International Airport. In fact, it’s situated between Durban and Richards Bay – the busiest trading ports in the country.
The estate will include five communities.
Even better? South Africans are being offered the option to become a shareholder in this project. The aim is to make property development available to all South Africans. Some of the facilities will include retirement villages, sectional title homes, apartments, affordable housing, and a professional film studio.BOOK NOW
Cashing in on the mixed-use trend, the Harbour Arch in Cape Town is said to be the first large scale and inner-city precinct in Cape Town’s CBD. It’s a place for ‘Capetonians’ to work and play, and enjoy a relaxed lifestyle. The precinct will have six towers that include shops, restaurants, cocktail bars, international hotels, offices, health clubs and the largest selection of residential apartments in the city.
Catering to a new market
What these new developments tell us is that property developers are well aware of the trajectory of the property market and what property owners want. It’s not just a place to live but a place to enjoy all aspects of your life – all in the comfort of your own property.
Property development is another avenue for an investor looking to diversify their property portfolio. To discover more opportunities and strategies, book your seat at our free property investment seminars today!BOOK NOW