R4 Billion development planned for Port Elizabeth

A sum of R4 billion will be used to develop residential property over a 128ha spread of open land located within proximity to the road to Cape Town and the Port Elizabeth city centre. 

According to Kobie Potgieter, Broker/Owner of RE/MAX Independent Properties, which operates in and services the greater Port Elizabeth area, Port Elizabeth has been a development hub over the last few years with a lot of money and resources pouring in to residential development and infrastructure improvement. “Demand for property in Port Elizabeth is currently outstripping the supply, which has resulted in the need for further residential developments in the area,” she says. “Situated in the Parsons Vlei area, the new area of development will be an investment hotspot with the lifestyle it offers along with easy access to excellent amenities such as the recently opened private Curro School.”

Potgieter adds that lifestyle and security developments continue to gain in popularity among buyers, with many placing security as their number one priority when choosing where to purchase a home. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, agrees by pointing out that this is not a localised trend, as a growing number of buyers throughout the country are opting for homes within these kind of developments. With strong demand for property within lifestyle and security estates, Goslett adds that these types of homes offer excellent return on investment over the medium to long term.

Potgieter says that another development that is set to perform well during 2015 is Crossways Farm Village, which is located in Thornhill, between Port Elizabeth and Jeffrey’s Bay nestled in the foothills of the Baviaanskloof Mega Reserve, which is a world heritage site. As a revival of an age-old concept where communities live close to fertile agricultural land, the design of the development focuses on minimising consumption while maximising the resources available to them for the healthiest lifestyle possible.  

With the goal of building more than 700 homes in various sizes and styles, there are currently over twenty homes that are either under construction or completed. With residential areas radiating from the centre of the property, Potgieter notes that Crossways Farm Village is phased and designed over various walkable neighbourhoods. The uniquely designed neighbourhoods are integrated between the prime agricultural land and the conservation areas consisting of small, medium and large stands, to accommodate a wide range of income levels and specific needs for various age groups.

Part of the plan for the development is for the community gardens and farmland pastures to receive irrigation via a waste water recycling plant that will connect to the wetland and bird park system.  Potgieter says that all the homes within the Crossways Farm Village will utilise solar power and heating, as well as rainwater harvesting for non-potable needs. The homes will also include a smart meter so that the power usage and be monitored and controlled. A life independent from the national grid will become the norm. 

“The increase in the electricity tariffs and rolling blackouts has seen a trend of homebuyers moving towards properties with alternative sources of energy. Homes that are energy self-sustaining will be the property of choice in the future. Green features and elements that reduce energy usage are becoming more and more important to investors as environmental issues continue to gain traction,” Potgieter concludes.  

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