South Breeze Residential Village, a community based integrated housing village aimed at those in the affordable to middle income bracket, will be officially launched at the end of August 2013 by Asrin Property Developers.
This 83 unit development is located on the corner of Dennegeur and Welgelegen avenues in Old Strandfontein.
South Breeze is a separate title residential development, which will have plots ranging from 150m² to 200m² in size. The homes here will have two or three bedrooms, with a family bathroom in each. The floor areas will range from 60m² to 68m².
Green technology initiatives such as induction water heating geysers will be introduced at South Breeze. This system uses electrical energy to create a magnetic field within the geyser to maximize the heating process which delivers the same amount of hot water as a conventional geyser in one third of the time, saving over 60% in power consumption. “This will benefit owners by helping them reduce their electricity bills,” said Shiraaz Hassan, commercial director for Asrin.
“Prices of units at South Breeze range from R619 900 to R699 900, which include all transaction costs, a considerable saving,” says Hassan.
“Asrin takes away the financial risk for buyers by offering a turnkey product, he said. The homes will be constructed and completed before transfer, which will assist buyers as banks will consider 100% bond finance on turnkey packages such as these. If it were a plot and plan development, the banks would possibly only consider a 70% to 80% loan to value which becomes burdensome to the purchaser in terms of securing a deposit,” he said.
“Furthermore, buyers also benefit here by not having to service the interest on the loan during the construction period, which, if they did, could add an additional R15 000 to the purchase cost.”
“Once completed, the development will be managed by a Homeowners’ Association,” said Hassan.
Although this housing scheme is not a gated estate (since the City of Cape Town prefers integrated development and not those that are cut off from the rest), said Hassan, it does have perimeter walling and Asrin will make provision at the entrance for a guardhouse, should the HOA decide to employ a guard service.
“We have worked to integrate the new homes into the existing community,” said Hassan, “by agreeing to refurbish the exterior of the existing library and community centre which are on the immediate boundaries of the development and by landscaping those areas. There will also be two public safe parks on either side of the development for residents and the immediate community to use. As at all Asrin developments, all the gardens and the public open space for residents will be landscaped, creating a relaxed family based lifestyle environment.”