Developments

TriStar’s Saxon Square offers luxury living within reach

An artist's render of Saxon Square in Rosebank.
An artist's render of Saxon Square in Rosebank.

Rosebank’s new Saxon Square on Oxford Road offers stylish eco-friendly living in Johannesburg’s most vibrant destination.

Adding to their 42-years of success and growth, TriStar Construction, who is behind the development, is a private management-owned business that has evolved into a successful, multi-disciplined construction company. Ba-Akhi Investments, a wholly black-owned investment company, led by non-executive Chairman of TriStar Construction, Malose Kekana, is a 51% shareholder.

Kekana, also the CEO of Pareto Limited and President-Elect of the South African Property Owners Association (SAPOA), brings a wealth of experience to Saxon Square’s development team. The property industry stalwart believes the development is well positioned to attract investment.

We are responding to the needs of the City of Johannesburg to bring density into urban areas, while creating a well-designed, eco-friendly, live-work-play opportunity at all price points in an upmarket area. Developments of this nature make owning property in central, upmarket areas far more accessible for a wide range of buyers.”  

With more than R70 million in sales recorded at Saxon Square in just ten weeks, its 134 apartments are all stylishly designed with high-end quality industrial chic finishes, effortlessly leveraging functional living and perfect for those seeking an affordable and cosmopolitan lifestyle. Its impressive list of amenities includes a 24-hour concierge, biometric access control, a coffee shop, a rooftop garden, and a co-working lounge. Eco-friendly and cost-saving elements built into the design include a central gas hot water heating system.

This unique combination of luxury and modern eco-friendly amenities in one of Johannesburg’s most sought-after suburbs is presented at an affordable price with designer studios, one- and two-bedroom apartments all featuring floor-to-ceiling glass windows to maximise the view.

Ideal for first-time buyers, young professionals, and investors, apartments start from R899 999 for a studio apartment to R3 499 999 for the ultra-luxurious penthouse apartment. Buyers pay no transfer duty, transfer, or bond costs and a securing amount of only R15 000 is required with 100% mortgage finance available.

Saxon Square represents an ideal opportunity for many to step onto the property ladder, enabling them to own their first property without compromising standards or location,” says Kekana.  

Furthermore, the projected investment yield of 10% makes Saxon Square a very appealing buy for astute property investors.”  

Research from University of Cape Town’s Urban Real Estate Research Unit (URERU) shows South Africa is following the growing international trends of high demand for smaller, centrally located properties. URERU research further shows that residential related assets, particularly Private Rented Residential and affordable housing categories, remain firmly in the top 10 assets driving global urban growth in cities in 2021.  

We believe Saxon Square is a highly relevant, expertly designed offering based on proven trends and the needs of the market,” says Kekana.

Central, lock-up-and-go projects designed for young professionals will continue to be popular, especially in a low interest rate environment. As our urban spaces continue to evolve and answer to the needs of buyers, we expect to see more developments of this nature.”