select
|

Pam Golding Properties to market new Rosebank residential property development homes

Pam Golding Properties has been awarded an exclusive mandate to market Park Central, a groundbreaking luxury high-rise residential property development situated in the heart of booming Rosebank, Johannesburg.


Park Central is being developed on the corner of Baker Street and Keyes Avenue in Rosebank, and will consist of more than 400 luxury one- and two-bedroomed apartments, as well as three-bed penthouse units.
 
This was announced recently by the Pam Golding Property group chief executive, Dr Andrew Golding. “Pam Golding Properties is honoured to market the properties of a residential development that is both revolutionary in its concept and unprecedented in its scope for the area. The block will also assist to further stimulate the rapidly growing local economy of Rosebank,” he emphasised.
 
“With its modern design, Park Central is set to become the landmark residential building of the Rosebank area. Offering a compelling combination of ‘green’ and Manhattan-type lifestyles within a secure environment, this residential development will offer the people of Johannesburg a completely new model of urban living.”
 
Dr Golding explained that Park Central has been designed around a pedestrian precinct incorporating landscaped parks and sky gardens, and will have all of the convenient facilities of Rosebank available including the Gautrain Station and the Rosebank Mall, both of which are within easy walking distance. Medical facilities, hotel and conference facilities, schools, art galleries, a public library, parks and a number of office blocks, company headquarters and other commercial buildings are also within easy reach of the development.
 
Park Central is being developed on the corner of Baker Street and Keyes Avenue in Rosebank, and will consist of more than 400 luxury one- and two-bedroomed apartments, as well as three-bed penthouse units with a choice of the highest quality finishes, noted Dr Golding. The sectional title apartments will be priced from R1.75 million and marketed off-plan from February 2015.
 
Peet Strauss, development manager at the Pam Golding Properties (PGP) Hyde Park office, points out that with some R7 billion in investment in commercial buildings alone, the Rosebank precinct has undergone rapid growth in recent years. “The residential property market in Rosebank has grown hand-in-hand with this and the demand for well-situated property in the area has been unprecedented. Rosebank is now being associated with a highly colourful, dynamic and convenient urban-chic lifestyle,” he observes.


An artist's rendering of Park Central. Pam Golding Properties has been awarded an exclusive mandate to market the development situated in Rosebank, Johannesburg. The sectional title Park Central apartments will be priced from R1.75 million and marketed off-plan from February 2015.
 
“Sectional title properties have comprised 38 percent of the PGP Hyde Park office’s property sales to date this financial year (commencing February 2014, indicating just how important this property segment is within Johannesburg’s northern suburbs,” says Strauss. “Home seekers appreciate the lock-up-and-go lifestyle this form of ownership offers. This market is even more compelling in Rosebank, where by far the majority of homes are owned as sectional title properties.”
 
“The developers of Park Central have noted a rapidly growing demand for property - particularly secure, high-quality sectional title homes - in Rosebank where residential property is in short supply. Such is the demand for these types of homes that PGP agents often report selling them on the same day they are placed on the market. Having carefully researched the market in Rosebank the developers are making available properties for which there is a great need. We consequently expect the Park Central apartments to be sold in record time once they go to market early next year, ” says Strauss.
 
“An added benefit of Park Central is that it will offer a balanced range of different upmarket property options and is likely to attract the interest of buyers from all walks of life, including executives, business commuters, single professionals and couples, all of whom are likely to appreciate the convenient urban lifestyle on offer and close proximity to a major Gautrain station and road routes. Parents of students including single parents will note that there are a number of excellent schools and other educational facilities nearby, while mature buyers looking to downscale to a more manageable home will also find the apartments an appealing prospect.”
 
Strauss says that the weak South African rand has played a role in encouraging international investors to look for sound property opportunities in Johannesburg, where they are finding excellent value. PGP has this year seen particularly strong interest in local properties among purchasers from other African countries. Many are international business people who commute between South Africa and elsewhere on the continent, and several are likely to find the Park Central apartments an attractive investment.
 
“We also expect considerable interest in these apartments from savvy property investors who are looking to buy properties to rent out,” adds Strauss. “They will be comforted to know that these properties are expected to enjoy excellent occupancy rates with the potential of good returns, and therefore represent a solid investment opportunity.”
 
Strauss says that with state-of-the-art security, the safety of residents will be given top priority. Some of the amenities that will be available include secure pedestrian precincts, a landscaped park, 30 sky-gardens scattered throughout the building as common green space, a clubhouse, a swimming pool, entertainment areas, a coffee shop, a bar/restaurant, a crèche, a gym, a braai area that includes a pizza oven, lounge and entrance foyer with a concierge. The building will have a Green Star SA rating. The Green Building Council SA has developed this rating tool to provide an objective measurement for green buildings in South Africa and to recognise and reward environmental leadership in the property industry.
 
“Park Central is the largest and most exciting residential development concept to ever come online within the Rosebank precinct. It is an indication of how much confidence the developers have in the property market in the area. PGP is looking forward to marketing these quality homes,” concludes Strauss.



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 25 Apr 2018
      Whether you are a seasoned seller or new to the game, putting your home on the market is an exciting moment. To ensure you get the best possible outcome these 8 value adding additions to your home is worth the effort.
    • 25 Apr 2018
      After four years of unprecedented growth fuelled by semigration, the Southern suburbs market faced a number of challenges in 2017, including dwindling affordability and a marked slowing in house price growth with many sellers forced to lower their prices in order to secure a sale.
    • 25 Apr 2018
      Mall of Africa, is celebrating its second year of sensational success. This splendid super-regional shopping centre first opened on 28 April 2016, and has grown in popularity, performance and profile since then.
    • 25 Apr 2018
      While the role of trustee in a sectional title scheme is a voluntary and unpaid position, it is one that comes with huge responsibility. Trustees have a fiduciary duty towards their scheme, says Chinelle Hewit, Operations Manager at sectional title finance company Propell.
    • 24 Apr 2018
      The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK