select
|

MAJOR DEVELOPMENT AND INVESTMENT IN BALLITO & SURROUNDS ON KZN NORTH COAST

With major investment and development under way, the appealing residential suburb of Ballito on KwaZulu-Natal’s Dolphin Coast to the north of Durban is becoming increasingly sought after among primary home buyers, reports Clive Greene, Pam Golding Properties’ area principal.
“While Ballito remains primarily a holiday town figures show that in excess of 50 percent of homes are now permanent residences and this is increasing rapidly as more and more residential developments come on stream as more people choose to move here.” He says the holiday component of the prime beachfront area comprises some 2 000 apartments either right on the beachfront or just one road back, priced from R1 million up to R12 million.
“Ballito is seeing major new developments and investment, including a new interchange off the N2 freeway which is well under construction and soon to be followed by a new four lane entrance into the Ballito, which will ease traffic flow into the town. The main lifestyle shopping centre is being further expanded by approximately 3 000sqm to incorporate an Edgars store, while two new shopping centres are also under construction with Woolworths, Game, Checkers and Pick n Pay all taking up considerable space. In addition, the business park is almost complete with new businesses constantly opening their doors.

“All this has lead to an influx of new people to the area, seeking accommodation. Rentals are booming and new affordable developments are being built to cater for first time buyers. At Manor Estates and Sheffield Estates, prices start at R590 000 for a one bedroom apartment, while Caledon Estates offers excellent value with freestanding, three bedroom homes selling from R1.1 million – and almost sold out.”

The magnificent, highly secure Zimbali Estate has attracted many affluent buyers seeking the unique environment it offers. Comprising approximately 1 200 homes and apartments set in a beautiful, natural setting overlooking the sea and with its own coastal forest and expanse of beachfront, the estate is home to a variety of game with bushbuck and various duiker almost tame wandering through the gardens and golf course. Fish eagles and crowned eagles soar in the skies making their easily recognised calls. There are also two hotels, dominated by the new 5-Star Fairmont Hotel.
Greene says Simbithi Eco Estate in Ballito has bucked all recent trends during the economic slow-down. Sales here have continued at an all-time high with some R400 million in sales concluded last year (2010) – all the more notable as the majority of these were land sales at an average of around R1 million. Offering an exceptional lifestyle for both young and mature buyers, in a secure and nature-filled environment, there are approximately 1 800 homes and apartments mainly targeting the middle market, with apartments priced from R2 million and homes starting from R4 million upwards.

Construction of free standing homes is taking place at a rapid rate with some 150 homes under construction or completed and a further 80 with plans approved. Approximately another 100 building plans are currently in the process of being drawn up.
Other developments set in a tranquil and secure setting include Dunkirk Estate which offers some 480 homes and apartments, and which is almost 60 percent complete while Brettonwood Estate comprises approximately 680 homes and apartments. Further to this Mount Richmore Estates is under construction at nearby Salt Rock, with some 2 300 opportunities including a main street with shops and apartments above, forming an appealing village on its own. Each of the individual developments within Mount Richmore will have their own security.

Some eight kilometres from Salt Rock, near the Tinley Manor turn-off, Palm Lakes development is well under way. This project offers a more affordable opportunity for first time buyers with outstanding facilities, and with prices ranging from R1-R3 million for completed, luxury homes, while land sites are selling at round R480 000. Greene says this is an exciting development to watch as it caters for the majority of new buyers and when completed will incorporate some 1 800 units.

“Other nearby scenic hamlets of Salt Rock and Sheffield Beach, with their beautiful, unspoilt beaches, offer quality homes for the discerning buyer seeking exclusivity without being confined to the rules of an estate. Prices here range from R30 million right on the beach in Sheffield to R1.5 million back but still within walking distance of the beach. For the added convenience of residents a new shopping centre is just being completed at the Salt Rock off-ramp from the N3 with a Super Spar as the anchor tenant,” says Greene.

Further north the huge Blythedale Coastal Resort is about to be launched near the small seaside hamlet of Bythedale. Comprising 400 hectares of pristine coastal forest, four kilometres of beachfront and some 4 000 opportunities, this development will bring in some R12 billion. Blythedale itself offers a new, small beachfront development called Sovereign Sands that consists of some 100 free standing homes and apartments situated right on the beachfront, surrounded by sea and coastal forest in a magnificent setting.

Adds Greene: “Over and above all this, a new town centre on the inland side of the N3, near the new off-ramp to Blythedale is presently going through town planning and should be launched within the next three years. This approximately R60 billion development is expected to offer shopping centres, hotels business parks and residential components.”

Issued by Gaye de Villiers


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
    • 21 Feb 2018
      These days most buyers are using online property portals like Private Property when house hunting due to the convenience, up to date information and variety on offer. “The property portals have revolutionised the way buyers shop, but they do need to be cautious – viewing photos online is no replacement for viewing the property in person,” says Bruce Swain, CEO of Leapfrog Property Group.
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK