Ongoing demand for housing in eMalahleni, retail hub of the Highveld

Home to Eskom’s Kusile Power Station, the Mpumalanga coal-mining town of eMalahleni (formerly known as Witbank) continues to experience a strong demand for housing, says Elisme Swart, area principal for Pam Golding Properties.

This impressive four bedroom home in the heart of Bankenveld in eMalahleni (Witbank) is situated within a secure golf estate and is priced at R5 million through Pam Golding Properties.
“With a diversified economy, this remains one of South Africa’s fastest growing towns , which is also strategically well positioned en route from Gauteng to Kruger National Park. A constant influx of contractors and other people to the mines and numerous industries operating in the area sustains ongoing, buoyant activity in eMalahleni’s housing market as well as fuelling the retail property sector.”

The retail hub of the Highveld, eMalahleni is home to the massive Highveld Mall - the biggest in the province. With tenants incorporating a mix of all the major national retailers, it also services all the surrounding areas such as Kriel, Ogies, Rietspruit, Bethal, Middelburg, Groblersdal and even Ermelo. As a result, retail space in the mall is highly sought after while retail accommodation in the CBD of the town is also popular among owner-occupiers and property investors.

The market currently most active is for homes under the R1 million and among first time buyers looking to purchase a home in this price range in new residential developments.

Says Swart: “The demand for accessibly priced housing is high, especially homes in the price band between R650 000 and R1.2 million in areas such as Model Park and Die Heuwel extensions, Tasbet Park and Extension 10, all of which are well positioned close to shopping centres and schools.

“First time buyers are particularly evident, resulting in several new flatlet type developments springing up to cater for an entry level market, in a similar price bracket ranging mainly from R650 000 to R1.15 million.”

In total, and in catering for this burgeoning demand, in the next few years just one developer alone is bringing to market some 3 000 additional homes across a mixed price range.

Located in Bankenveld in eMalahleni (Witbank), this four bedroom home is light and bright with inviting open living spaces. It is priced at R4.25 million through Pam Golding Properties.

The rental market is also extremely active with houses and duplex units to let sought after across all areas and spanning a broad price range which varies between R6 000 and R15 000 per month.

Swart says in the upper end of the market the exclusive Bankenveld Golf Estate on the banks of the dam is most popular among affluent buyers as it offers an appealing and secure estate lifestyle which includes a nature reserve and golf course. “Here attractive, modern homes range in price from R3 million to R13 million.

“In the industrial property market, lots of investors are taking the opportunity to invest in well-priced properties, with light and heavy industrial experiencing the most demand. These range in size from 1 200 to 10 000sqm at prices varying from R2 million to R15 million.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 May 2018
      Extreme weather appears to be the new normal, evident by the volume of insurance-related disputes reaching the industry watchdog’s desk. To avoid a situation in which your insurer refuses to pay up, you should proactively ensure that your home is well-maintained and ready for whatever winter has in store.
    • 22 May 2018
      As the impact of technology on the real estate industry becomes more significant, it is clear that there is a need for an objective look at not only traditional real estate models but also online and other alternative low-commission real estate agencies, to examine what they offer and what their impact might be.
    • 22 May 2018
      According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, dealing with some sort of neighbour dispute is an unavoidable part of life unless, perhaps, you choose to live on a remote small holding for the rest of your life.
    • 22 May 2018
      Buyers feel that they are getting value for money in the Northcliff area without having to compromise on aesthetics and amenities
    • 21 May 2018
      Secure living is one of the growing property trends in South Africa and Nooitgedacht Estate in Stellenbosch certainly ticks the right boxes for buyers who want a secure, exclusive lifestyle in one of the Boland’s most sought-after estates, says Pam Golding Properties.
    • 21 May 2018
      With sectional titles growing in popularity, an increasing amount of homeowners simply do not have the garden space to install a tool shed in their backyard.
    • 18 May 2018
      Home improvements are a great way to add value to your property, but not all of us have bottomless pockets for a full-on renovation. Lucky for us, there are plenty of affordable DIYs that can spruce things up over a free weekend.
    • 18 May 2018
      The need for large office spaces is slowly eroding as more and more employers choose to allow their staff to work remotely. As a result, the home business model has grown in popularity, with many new entrepreneurs choosing to start their business from home rather than in a business district. But, what are the legal implications of operating a business in a residential area?
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us