R35m upgrade for Tokai On Main shopping centre
A R35million upgrade and redevelopment of the Tokai on Main Shopping Centre in Main Road, Tokai which includes a new, state-of-the-art 3500 square metre Food Lovers Market, is nearing completion. Colin Anderson, a director of the Rabie Property Group, said the building work had been completed and final touches were now being done. He said […]
Banks remain cautious in home loan lending
In spite of the interest rate being at a 33 year low, banks remain very cautious in terms of granting home loans with all information submitted to them being thoroughly analysed to ensure the applicant’s affordability, says Kim Pistor, legal advisor and conveyancing manager for Rabie Property Group. Pistor said while it was relatively straight-forward […]
Century City offices : Where are we in the property cycle?
Giles Balmer of Rabie Property Group shares with us his amateur’s guide to the commercial property cycle. Is the property market currently in a state of flux? Are we still in a recession? Are the banks still professing a recovery (yet their vaults are seemingly still bolted shut)? And are we still heading into double […]
Cash buyers underpinning Century City market
Cash buyers have been underpinning the residential property market at Century City during the current downturn, says Rob Downey of Property World, the official on-site estate agency for Century City developers, Rabie Property Group. He said over 50% of Property World’s 120 residential sales at Century City during the financial year to end June had […]
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 […]
Century City rentals up by 15% to 20%
Demand for rental accommodation at Century City is outstripping supply and has resulted in a 15% to 20% growth in rentals in the past year, says Rob Downey, manager of Property World, the official on-site agency. He said they currently had around 170 rental properties on their books and a waiting list of would-be tenants […]
First crane back on Century City skyline
The first construction crane to grace the skies at Century City in almost a year has gone up. It has been erected for the construction of a new 7000 square metre “green” regional office block for Aurecon, an engineering, management and specialist technical services consultancy group formed through the merger of Africon, Connell Wagner and […]
Century City residential sales up 150%
It’s official, the residential property has finally turned with sales at Century City up a staggering 150% for the year to end June. Allen Usher, managing director of Property World, the official on-site agency for developers, Rabie Property Group, said they had secured a total of 104 sales at Century City totaling R206million for the […]
