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Private sector investment is set to lead property transformation in Soweto, with its 2800-apartment estate

Orlando Towers Estates is a one-of-a-kind lifestyle estate, next to the famed Orlando Towers, with prices starting from R670,575.

Launching on the 25th of June 2022, Orlando Towers Estates is not only primely located near the renowned Orlando Towers, but it also boasts top-tier lifestyle facilities including biometric access, a football pitch, kids’ play areas, braai pods, a clubhouse facility, fibre network, resident parking bays and gas utilities.

The project is part of an investment drive aimed at converting the area surrounding the Orlando Dam and the Orlando Towers into a sought-after growth node. It will produce over 2800 quality two- and three-bedroom apartments in four secure estates over the next five years, priced from just R670,575 for a two-bedroom apartment.

The estate is located less than 4km from Maponya Mall, 2km from Chris Hani Baragwanath Hospital, the University of Johannesburg, and with Bara Mall right across the street from the development.

The mission of this development is to empower the community with property assets that will appreciate in value due to the prime location”, says Derek Steyn and Louis Barnard, leading the development team. “Furthermore, it will serve as a stimulus for the local community and represents a major investment into middle-income bonded housing for the area. We are committed to supporting SMMEs from the local business community, in particular the youth- and woman-owned businesses when it comes to material sourcing and general labour“.

This is the spirit behind the vision for Orlando Towers Estates, to build quality affordable lifestyle apartments for the average South African. Through this development, we will be empowering buyers with long-term wealth creation and with a saleable asset”. 

Raubex is leading the construction of this prime development and has over 30 years of experience as one of South Africa’s leading infrastructure development and construction materials supply groups.

There is no doubt that a well-priced, well-located property investment, coupled with key amenities in the heart of a community like Soweto, will be in high demand”, says Tim Akinnusi, CEO of MortgageMarket.co.za, the exclusive home loan origination partner for the Orlando Towers Estates.

MortgageMarket.co.za is a leading FinTech company that has partnered with this ground-breaking development to help potential homeowners get access to South Africa’s top seven banks, by providing real-time access to pre-approved home loans.

With the prime lending rate still low at 8.25%, it still favours first-time homebuyers looking to enter the property ownership market. Investing in a two-bedroom apartment in Orlando Towers Estates means that potential homeowners could be paying as little as R5 037 on their monthly home loan. Furthermore, all transfer and registration costs are included in the purchase price and no deposit is required. 

All South African Banks have committed to providing home loans with up to 100% loan-to-value (LTV) for first-time homebuyers. The government subsidy programme (FLISP) will also be available to assist buyers with additional funding. To reserve an apartment, potential homeowners are encouraged to visit www.orlandotowers.org.

As President Cyril Ramaphosa has said, property development will play a huge role in South Africa’s economic recovery. As the country moves towards a post-Covid-19 era, property and construction will be a key driver to uplifting the South African economy and building communities by providing affordable, modern and good quality housing”, adds Norman Ntabane, the Executive Director at Raubex.

Orlando Towers Estates supports this mission by being close to economic hubs and providing parking for residents to afford the flexibility of using private and public transport. Studies have shown that seven out of ten residents in Soweto use public transport to get to and from work; with taxis taking close to a quarter of consumers’ net spending on public transport. Therefore, proximity to consumers’ workplace(s) is a major pull factor for first-time homebuyers.

The Orlando Towers Estates launch for sale on 25 June 2022.

For more information, visit Maponya Mall to view the development and to reserve your apartment. Additional information is available online at www.orlandotowers.org or via email – sales@mortgagemarket.co.za