select
|

First national indaba on management of SA’s R800-billion gated estate sector

Best practice management of South Africa’s R800-billion secure gated residential sector will be the focus of estate managers from all over the country when they converge on Johannesburg at the end of May for a first-ever national management conference.

“It is a critically important event at which we will be deliberating all issues relating to the management of Home Owners Associations (HOAs), of which there are 3 000 in South Africa,” says Jeff Gilmour, President of the Association of Residential Communities (ARC).

“The skills and knowledge building platform provided by the conference will assist estate managers and HOAs to operate at the highest levels of international best practice in the residential communities they manage,” he adds.

The ARC-organised event will be opened by Dawn Bauman, the senior Vice President of the 32 000-member Community Association Institute (CAI) in the USA – where 60-million people live in association-managed communities, says Gilmour.

He recently attended the 2013 CAI Annual Conference in San Diego, USA, where Johan Kruger, a founder member of ARC and Chairperson of the newly formed SA chapter of the CAI USA, delivered a ‘state of the nation’ presentation on the SA gated estate landscape. 

The objective of ARC, which is the only CAI chapter outside of the United States, is to assist HOAs to manage residential estates more efficiently and, in the process, to protect and grow the value of residents’ homes, says Gilmour.

The conference will take place from 29 to 31 May at the Eagle Canyon Golf Estate in the north-west of the greater Johannesburg area. The estate is an ARC founder member.


Highly desirable lifestyle

Secure gated estate living has mushroomed in South Africa in the 2000s, and is today one of the most highly desirable residential lifestyles.  

This is illustrated by an ARC survey which shows that HOAs in SA gated estates have assets of R800-billion under their management – close to 27 per cent of the R3-trillion* total market value of residential property in the country.

Furthermore, gated estates house 10 per cent of South Africa’s population; pay R4,7-billion in annual rates; and collect levies of R8-billion a year.**

Sources:
*   Property Sector Charter Council (PSCC)
** ARC national survey



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 24 Nov 2017
      There are some things that money can’t buy – spectacular views from Mouille Point to the V&A Waterfront and a trendy and lively neighbourhood that encapsulates the very best of the Cape Town lifestyle.
    • 24 Nov 2017
      Tshwane’s four-bedroom Mayoral mansion, nestled among ambassadorial residences in the upmarket suburb of Muckleneuk, fetched R5.1 million after spirited bidding at High Street Auctions’ final sale of the year.
    • 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.
        
    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