“Walkable” communities promote health and wealth

The concept of a “walkable neighbourhood” where all amenities are within easy walking distance has come to life at Century City and is a key factor behind the rapid sell-out of recent residential developments, says John Chapman a director of Rabie Property Group, the developer.

“Our three latest residential projects all sold out more than a year ahead of completion. The most recent – Mayfair comprising 136 apartments worth over R200 million – was sold out within days of the launch.

“And there is no doubt Mayfair’s proximity to Canal Walk Shopping Centre was a major contributing factor to the swift sales, as was the case with Quaynorth and Quayside. Ashton Park’s proximity to the Curro Private School was a major selling point for that development.”

Chapman says that although all components of Century City are within easy walking distance of each other, it had become evident that buyers were prepared to pay a premium for homes close to certain amenities in the precinct.

He says that “walkable” neighbourhoods and cities where all amenities are within easy walking distance reduces driving, associated emissions and living costs and research has now shown they are also good for your health.

“A recent article in Better Cities and Towns highlighted three important studies published in the United States during 2014, which examined different aspects of compact, walkable and mixed-use neighbourhoods and cities and compared these to published government health data.

“These studies all found communities that encourage walking are strongly associated with reduced rates of obesity, high blood pressure, heart disease and diabetes. The researchers said the results held up even when the studies were controlled to eliminate other factors that could facilitate good health such as age, gender, income and education levels.”

Chapman says that not only are walkable communities good for your physical health, they also represent good investments as demand for these properties is definitely on the rise.

“We can see this in our new development sales and in the speed at which investors are able to secure tenants or on sell their properties in Century City.

“And another thing, there is no doubt that walking around your community brings you in touch with other members of your community which improves community camaraderie and general awareness and these factors in turn help improve security,” says Chapman.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 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.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us