Construction of infrastructure has begun at the 250-unit Knysna Lifestyle Estate which caters for a growing demand for quality retirement accommodation.
Ling Dobson, Pam Golding Properties' area principal, says the first sales agreements have been concluded and building of homes commences in January (2010). "Transfer of all 35 homes in the first phase will be in September 2010. One of the key areas of interest among potential buyers - the 20-bed frailcare facility - has been approved, with building to commence before the end of 2010. There will also be day clinics for medical assistance of a non-urgent nature," she says.
Dobson says the other key drawcard is the low density of this 52ha estate - with only five homes per hectare, coupled with the fact that 25 percent of any capital appreciation on the resale of a house is allocated to a levy stabilisation fund in order to keep future levies as low as possible.
"We're anticipating keen interest from upcountry buyers during the forthcoming festive season. Prices of the two and three bedroom homes, with covered verandas, double garages and all modern conveniences, range from R2.7-R5.2 million. Homes will be in a contemporary design style, set among tranquil country lanes with walking paths and green belts. All stands have been carefully surveyed by architects who have chosen 17 different floor plans, to make each home idyllic as well as suited to the contours of the site," she says.
Knysna Lifestyle Estate offers scenic views of the Knysna lagoon and Heads, surrounding hills, mountains and dams. It's just 10 minutes from the centre of the town of Knysna, 20 minutes from Plettenberg Bay and 40km from George and its airport.
Facilities on the estate will include a luxury clubhouse with restaurant, library, studio, billiard and card rooms and bar, while sports facilities include a gym, heated swimming pool, sauna, bowling green and tennis courts.
Dobson says residential property sales in Knysna are reflecting an upturn.  "From March to December this year (2009) we've seen an increase in sales turnover of just over 42 percent to R80.9 million compared with R56.8 million during the same period last year. During this time sales volumes also increased.
"Recent buyers include those capitalising on the lower prices to gain a foothold in the Knysna property market. Quite a few sales have been to locals – adding to their investment portfolio, and we've also seen an increase in sales to overseas buyers. As the town of Knysna is expected to host players from two international teams (France and Denmark) during the 2010 Soccer World Cup, we are looking forward to the opportunity to showcase our properties to the global market. The lifestyle retirement development is expected to attract both national and international buyers, and will be an ideal investment for ‘swallows’ - those from overseas who spend some months of the year here, and who have grown to love Knysna," says Dobson.
Issued by Gaye de Villiers

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us