Go-ahead for Clara Anna Fontein
A recent ruling by the Western Cape High Court has paved the way for the multi-faceted development of the farm Uitkamp in Durbanville to proceed. Boetie Louw on behalf of the AFM Louw Family Trust, the developer, said plans and conditions will ensure the protection of wildlife, river and wetland areas, while they undertake the […]
R33m MyCiti Trunk Station to be built at Century City
Construction of a MyCiti Trunk Station at Century City, which will be a major interchange between the trunk and feeder routes of the city’s Rapid Bus Transit system, is to start later this year with completion set for the second quarter of 2014. It is to be developed at a cost of R33million by the […]
Luxury Oasis retirement apartments now under construction
Construction of Palm Royale, a new R255million sectional title apartment block in the Oasis Luxury Retirement Resort at Century City, is underway. The bulk earth works and construction of a 4m berm on Ratanga Road was awarded to Baseline Civils and completed in mid-December. Esor Frankie also moved on site late last year to undertake […]
R255m Palm Royale luxury retirement block goes ahead
Palm Royale, a new R255million sectional title apartment block, is to be built as part of the award-winning Oasis Luxury Retirement Resort at Century City. The go-ahead follows the achievement of pre-launch sales of close to R100million, the near sell out of the first two apartment blocks and the recent acquisition of a 50% stake […]
Rabie acquires 50% in Oasis Joint Venture
Rabie Property Group has acquired from ArrowCreek a 50% stake in the Oasis Joint Venture which is developing the award-winning Oasis Luxury Retirement Resort at Century City. Rabie, together with its Joint Venture partner, the Harries Consortium, are to continue with the development of the resort to realise its full potential. The initial Joint Venture […]
Civils contract to unlock Century City land for development
Civil work is set to start on an 8 hectare site at Century City – the largest remaining undeveloped tract of land in the precinct – to unlock a number of land parcels for development. The R8,2million civils contract has been awarded to Neill Zaaiman Civils which will move on site next week. The first […]
Century City apartments : Profit margins are being squeezed
The profit margins of both developers and contractors have been squeezed in order to bring new developments to the market during the economic downturn, says Colin Green, a director of Rabie Property Group. Green says residential developments have been particularly hard hit following the downturn in the property market that most industry players started experiencing […]
Lack of zoned land will hinder an upturn
Zoned land with development rights is becoming increasingly scarce and the rezoning process increasingly more complex and time consuming which will make it difficult for developers to respond quickly to an upturn in the market, warns Colin Green, a director of Rabie Property Group.
Development constraints will push up prices
The development sector is going to be hard-pressed to respond rapidly to improved demand for new commercial or residential stock when the market picks up which will lead to stock shortages and an inevitable increase in property prices, warns Colin Green, a director of Rabie Property Group. He says the current downturn in the global […]
