New Gated Development Launches in Midrand

With the demand for gated estates in Midrand vastly outstripping the current supply of properties available to investors, a new development called Coral Wood Village will be launched to the public on 12 March 2015.

Nils Hannemann, Broker/Owner of RE/MAX Central, says that with the current strong demand for security and gated estates, along with the fact that the development is ideally positioned for commuters working in either the Pretoria or Johannesburg city centres, the development is likely to be very popular among property investors. “The majority of property buyers in South Africa point to security as the number one factor that determines where they choose to live. As a result, gated developments are performing extremely well and offer potential homebuyers a good return on their investment over the medium to long term,” says Hannemann. “Additionally, the proximity of Coral Wood Village to major amenities such as the Bluehills Shopping Centre will also add to its allure. Planned to open late in 2015 and located across the road from Coral Wood, the Bluehills Shopping Centre, will consist of 11 000m2 of retail space that will include a Woolworths, Pick’n’Pay, Clicks and several fast food outlets.”

Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that gated security estates that are close to amenities are highly sought after and as a result offer investors excellent returns. “More and more buyers are looking for homes within gated estates due to fact that the offer both lifestyle benefits and peace of mind,” says Goslett.

While Coral Wood Village will be situated conveniently close to shopping facilities and major transport routes, Russell Potgieter, Sales Associate and team leader at RE/MAX Central (Midrand), says that because the development is situated 200 metres off Summit Road, it escapes road noise and lends itself to the tranquil upper portion of the Blue Hills Ridge. “The Blue Hills Ridge is one of the highest points in the Johannesburg Metropol so the development offers residents a sweeping view of the valley below. The development will give residents the convenience of city living, while being able to escape the hustle and bustle,” says Potgieter.

He notes that the development will comprise of 87 freehold stands each offering a choice of eight different design packages. The styles range from three-bedroom, two-bathroom to four-bedroom, 3.5-bathroom compositions, which are priced from R1.667 million to R2.245 million. All stands on the development are 400m2 in size and all are north facing offering both north and south entry. The architectural design of the development is directed towards creating a contemporary African farm lifestyle. Coral Wood Village will be extensively landscaped using only indigenous African flora.

“Coral Wood Village is the product of a dynamic team of investors, developers, architects, attorneys and real estate professionals.  Innovative research, creative ideas, attention to detail and prompt service delivery will not only put this estate at the forefront of current housing developments in the area, but also provide added value to the local urban environment,” says Potgieter. “We currently live in a time of rapid innovation. In fact, embracing innovation has become a key strategy in achieving the high quality homes of between 176m2 and 266m2 within Coral Wood Village. We have also strived to nurture an innovative eco-system within the estate. The launch of this development is a result of over six months of cross-disciplinary research and development.”

Potgieter notes that Coral Wood Village will soon be entering a purchasing phase, which will be supported and driven by many of the optimistic younger generation buyers. “In order to cater to younger generation buyers moving forward, future plans are in place to develop a further 300 sectional title units on the southern boundary of Coral Wood Village. The sectional title estate will again showcase the progressive, community-sensitive perspectives of the Coral Wood Village development team,” Potgieter concludes.

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