Why security estates are popular

More and more South Africans are choosing to live in secure estates, and this trend is no longer limited to the rich and famous, says Riaan Roos, chief executive of MSP Developments, developer of the 87.62ha award-winning Buh-Rein Estate in Cape Town’s northern suburbs.

Completed homes at Buh-Rein Estate in Cape Town’s northern suburbs, where about 3 000 people are now living and 1 758 of the total 3 299 properties are still to be completed.

“Ordinary South Africans are buying into secure estates, and we believe this trend is set to continue,” says Roos.

“Research by Lightstone shows that 797 properties were sold looking in Buh-Rein in the last five years, putting the estate fourth in the Top 10 highest numbers of transactions in estates. Buyers are attracted to the Western Cape in particular, as well as the four major factors offered by estate living: security, convenience, lifestyle, and value for money.”

Roos says security considerations, in particular, are a major issue for residents and investors in estates, and this will no doubt be so for a long time to come.

At Buh-Rein, for instance, security features include 24-hour on-site patrolling vehicles, precinct access control, remote access gates and perimeter fencing at each complex, day/night CCTV and dome cameras. The estate also offers wireless broadband internet, and soon to be completed are a restaurant, a tapas bar, and a conference centre.

Amenities include a rugby field, an outdoor gym, Bootcamp and tag rugby every Thursday. By the end of 2017 a new Checkers shopping centre will also be on site. Public transport to and from the estate includes Golden Arrow buses as well as a private shuttle service provided by HG Travel.

Homes are Buh-Rein range from apartments to duplexes, and double-storey townhouses, priced from R649 900 to R2 million.

“We recently had one investor who intended buying one property and ended up taking four in all, in three different developments in the estate. We restrict sales to individual investors to two a complex, and only 40 percent of each complex are earmarked for investors.”

Roos says the popularity of estates has led to remarkable returns on investment for buy-to-let properties, as well as impressive growth in rental income.

“For example, in Buh-Rein Estate a 51 m² two-bedroom apartment bought at R424 900 in 2011 would now cost R729 900 – capital growth of almost 72 percent over five years, or just over 14 percent a year.

“These apartments were initially rented out at R3 200 a month, and now the monthly rental income is R6 500.”

Roos says Buh-Rein Estate also offers a large selection of properties that are ideal for retired people who want to scale down.

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