7000 jobs created during R1.5 billion Ocean Dune and Pebble Beach - Sibaya builds

The outstanding new Pebble Beach Development, situated within the Sibaya Precinct between uMdloti and uMhlanga on the KZN North coast, has been launched to the public earlier this month.. 

It is the brainchild of the same dream team behind the recent sell-out success of Ocean Dune –Sibaya and lead by architect John Van Wyk of Craft Architects. "In terms of both projects’ economic contribution, (with residential sales to date totalling over R1,4 billion plus the planned R100 million retail segment), it represents approximately R1.5 billion. 

The economists on our team say that is a direct equivalent to about 7000 jobs," says the developer, Charles Thompson of ID Construction. Pebble Beach will be built on the last piece of land within the Sibaya Precinct that has nothing in front of it. Beach access is completely unobstructed”, he says. 

The on-site Sales Team are already inundated with calls from investors who are showing immense interest in the second phase, Pebble Beach Sibaya, while at the same time celebrating the sights and sounds of bulldozers busily preparing the land for the Ocean Dune-Sibaya Development construction. 

“We are extremely excited about Ocean Dune Sibaya and Pebble Beach Sibaya as they offer investors a unique opportunity to benefit from the projected capital appreciation that comes from investing in the Sibaya Coastal Precinct. These projects are ideal for savvy buyers who are looking to balance capital growth with investment yield. T

hey not only benefit from an off-plan purchase, they also have the flexibility to rent it out at a rate that will exceed the interest gained on stagnant money sitting in the bank. “Buyers who decided to live or invest in this exceptional R1bn residential and mixed-use Ocean Dune- Sibaya development came from South Africa, Australia, Zimbabwe, Botswana, Swaziland, India, the UK, Dubai and China. We are expecting a similar mix of local and international investors for Pebble Beach”, says Pam Naidu, Director of Sales and Marketing. 

“The 160 apartments comprising of studio, 1 and 2 and 3 bedroom apartments will be priced from R950 000 to R 7 500 000 and most of the buyers are expected to be owner-occupiers. Privacy and sea frontage are two key elements in this development. 

The tiered apartments, situated at the southernmost tip of the node, feature unobstructed ocean and coastline views, safeguarded in perpetuity by the surrounding indigenous Hawaan Forest Reserve”, she said

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