New Noordhoek retirement development attracts significant interest

A major new residential development, the Evergreen Noordhoek Lifestyle Village, has attracted significant interest among retirees looking to move into retirement lifestyle accommodation.  At a recent launch event to prospective buyers on the Evergreen Lifestyle waiting list, well over half the units in the first phase of the construction project were reserved.

Aerial view of Evergreen Noordhoek Lifestyle Village
“The quick take-up of units we saw at this initial launch reflects the pressing need for more accommodation for the retired community,” comments Arthur Case, CEO of Evergreen Lifestyle.  “In addition, the enthusiasm we saw at the launch event confirms our expectation that this lifestyle village will be particularly attractive to the market. Set on a huge site of over 16 hectares, large enough to allow us to include plenty of private open space and walking trails, and with amazing views across the Atlantic Ocean towards Chapmans Peak, this lifestyle village has so much to offer prospective residents.”
The village, with its sophisticated security systems and fibre-to-home internet, will consist of 150 houses and 200 apartments, set on a sloping hillside site located near both Noordhoek and Fish Hoek. In addition to the housing units, a Lifestyle Centre is planned. The facilities included in this Centre will provide what any resident will need: a gym, a heated pool, a care centre offering primary healthcare services and frail care, and various recreational services.  An on-site bowling green and tennis court will also be available.  According to Case, “The location is perfect for the needs of residents, since all facilities will either be available on-site or close by in Fish Hoek, a well-established, sizeable town.”  
Being set in an increasingly popular residential part of Cape Town, which has seen property prices rise significantly in recent years, one may expect that the development is suitable only for the super-wealthy.  However, costs compare favourably with the average house prices for the area, which in 2015 reached almost R4 million, according to Lew Geffen Sotheby’s International Realty. “With a starting price for a life right of R2.1 million for a three-bedroom, two-bathroom, double-garage house, these properties will attract middle income-earners as well as wealthier people,” says Case. “And, since there are so many units in this complex, the benefits of scale mean that monthly levies should not be subject to major inflation.”
Case points out that the development is perfect for those in their late 50s.  “Looking towards one’s retirement, if you move into a village like this, you can live independently in what is essentially a secure residential estate with top-notch security and facilities available on your doorstep at no extra cost, enjoying the nearby beaches and mountains.  At a later stage, should you suffer age-related health issues, no other move is needed, since the lifestyle village offers medical and frail care services.”
Homes in the first phase of the development will be available to move into from the end of this year, with a further rollout following.  Case concludes: “There is bound to be great interest in this complex which will certainly help address the backlog in quality, affordable retirement living.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Jan 2018
      Many people only start thinking about home-ownership when they are ready to “settle down” or start a family, which is why first-time buyers these days are generally in their mid-30s, compared to those in the previous generation who were usually in their mid-20s.
    • 22 Jan 2018
      Moving away from the city to a country or coastal town and a slower-paced life is a frequent new-year resolution for South Africans, but thorough research should be done before you break free from the hustle and bustle, because making the wrong move could turn out to be a very expensive mistake, and even more stressful for you and your family than staying in the “big smoke”.
    • 22 Jan 2018
      Cape Town is home to many breathtaking and historic homes, but House Invermark designed in 1969 by South African architect Gilbert Colyn, with inspiration from two modernist icons: the Glass House by Phillip Johnson and Farnsworth House by Ludwig Mies van der Rohe is in a class of its own.
    • 22 Jan 2018
      2017 was a challenging year for the South African property market in general, despite small pockets of thriving activity in areas like the Western Cape. As we head into 2018, Tony Clarke, Managing Director of the Rawson Property Group, casts his eye forward to property trends and market influences that could make their impact felt in the New Year.
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us