Emira Property Fund’s Springfield Retail Centre in Durban has relaunched, a year after it was damaged by arson in the widespread devastation of July 2021, where looters made their way into the centre ransacking most of its stores. The mayhem culminated in an arson attack the next day, with fires...
The first of six towers at Cape Town’s new R16bn mixed-use precinct, Harbour Arch, has ‘topped out’ on the 23rd floor, 95 metres above ground, just 30 months after breaking ground in January 2020. “Reaching the highest point of Tower 1 at Harbour Arch represents a significant milestone in our...
State-owned Transnet’s property division, Transnet Property, has issued two Requests for Information (RFIs) to gauge the market’s interest in the redevelopment of its Carlton Centre (Johannesburg) and 1 Adderley Street (Cape Town) properties, as “part of its corporate strategy to optimise portfolio...
The South African Property Owners Association (SAPOA) has launched a High Court application against the City of Joburg interdicting it from applying the 2021 Development Contributions Policy (DCP) and declaring amongst other things. that the City may not impose any condition on the granting of a...
Most of the activity in South Africa’s housing market, especially in the Sectional Title sector, is driven by women, says BetterBond. “Currently, female buyers account for almost 43% of BetterBond’s successful home loan applications – almost three times more than in 2010 when only 14% of...
With interest rates rising to near pre-Covid levels, you might be contemplating whether it is better to purchase or to rent. One way to decide what best suits you is to compare the possible monthly bond repayments with the corresponding rental prices. Regional Director and CEO of RE/MAX of Southern...
The catastrophic floods that occurred in KwaZulu-Natal in April 2022 caused an estimated R7 billion in damages. Road and rail systems were ravaged, hundreds of schools were destroyed, whilst water supply and electricity networks were badly affected. Over 820 companies were severely impacted...
Registered homes in Soweto have more than doubled since 1994 to 183 525 – and 99% are Freehold. According to Haley Ivins-Downes, Head of Digital at Lightstone, there were 83 119 registered properties during the year South Africa held its first democratic election, one of which was...
