The City of Cape Town has identified a site in the Foreshore as an alternative remote holding area for minibus-taxi operators who have been displaced from the Station Deck facility. The site is situated on the harbour side...
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Property Barometer – Housing Market Transaction Volume Trends
Transaction volume growth in the housing market started 2018 mildly improved, and mortgage lenders are expected to experience positive growth in volumes in the bonded segment of the market in 2018 as a whole after a slight decline in 2017. But growth in the near term may get slightly worse before...
Local Smart Cities aim to drive sustainability
More and more property developers are moving towards incorporating nature into building design. Green spaces have proven popular, even in major cities where they are seemingly rare. Rooftop gardens are popping up in central business districts such as Hong Kong, Tokyo, Rotterdam and New York. Urban...
Subdued household credit and mortgage balances growth in Q1 2018
The value of outstanding credit balances in the South African household sector (R1 564,1 billion at the end of March) showed growth of 3,9% year-on-year (y/y) up to the end of the first quarter of 2018. Year-on-year growth in secured credit balances was marginally lower at end-March, whereas growth...
Property value effects rates and taxes, says RE/MAX
Each month home owners receive a bill for the rates and taxes applicable to their property, but what are these municipal rates used for and how is the amount worked out? Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that municipal property rates are financial...
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Terugploeg’s distribution facility nearing completion
The packaging, processing, and distribution facility for Terugploeg is in the final stages of construction with the headquarters scheduled to be fully operational from November 2021. The initiative originated during the lockdown period when Lood Bester and his friend Herman Marx from Vibro...
PropDD: decoding due diligence
Purchasing a property is one of the most significant financial decisions that anyone can make. Over the past eighteen months, first-time and seasoned investors have flooded the local residential property market in response to record low interest rates which has produced a favourable buyers and...
Redefine achieves the largest bulk Green Star EBP certification
JSE-listed Redefine Properties has recently certified and/or re-certified 40 buildings in its property portfolio, under the Green Building Council South Africa’s (GBCSA) Green Star Existing Building Performance (EBP) rating tool. The company’s diversified property portfolio, which amounts to the...
The Fynbos – Africa’s first truly biophilic building
Africa’s first biophilic development has been launched in Cape Town, boasting a 24-storey living, breathing, mixed-use building on Upper Bree Street in the heart of the city’s CBD. The Fynbos will feature 689 apartments, including a rooftop sunset terrace with lap pool and co-working space, a...
More than 50% of SA’s debt is owed by homeowners
The South African economy has been slowly inching its way towards a recovery after the hard lockdowns imposed during 2020’s second quarter. However, the devastation of these lockdowns to the economy continue to reverberate. According to Michelle Dickens, CEO of TPN Credit Bureau, despite a recovery...
SA Corporate Real Estate announces multi-million rand disposal of Joburg inner-city assets
SA Corporate Real Estate Limited has released its condensed, unaudited, consolidated interim financial results for the six months ended on 30 June 2021, declaring a distribution of 10.27 cents per share (June 2020: 0 cents per share). Reporting a decreased loan-to-value (LTV) of 38.4% (December...
