Construction underway at new Heideveld development

Construction is well underway at Vanguard Residential Village – the new secure lifestyle village which is being developed in Heideveld, located within the greater Athlone area of Cape Town. 

Pam Golding Properties (PGP) reports that the first phase of the development is already nearly 80 percent sold out, with just 35 units still available for purchase. These include two-bedroomed sectional title apartments priced from R389 900, as well as two-bedroomed freehold homes on plots of 180sqm, which are priced from R589 000. All units are designed with open-plan kitchen, living and dining rooms. (Prices are inclusive of VAT, with no transfer fees applicable.)

Vanguard Residential Village is located on the corner of Klipfontein Road and Vanguard Drive – a conveniently central position offering easy access to the N2 and M5 highways as well as major public transport arteries. The development has two monitored secure access points off Klipfontein and Heideveld Roads, and communal facilities include an on-site crèche, clubhouse, laundry and several play-parks. Quality finishes will complement the Tuscan design theme with earthy grey walls and red tiled roofs. PGP’s area principal Nazmie Anthony says the project by Asrin Property Developers will ultimately feature a total of 270 housing opportunities, of which just over half have been launched to market in this first phase. These have been snapped up rapidly by a mix of buyers, including first-time home-owners, couples with young children, professionals, retirees and those scaling down from larger homes.

“It is clear that there was a need for this kind of development in the Heideveld area,” says Anthony, “and the family-focused lifestyle with good security, crèche service and attractive landscaped parks has been a clear pull-factor for a number of buyers - especially young couples wanting to raise their children in a safe environment. The affordable pricing is also a major draw-card, as is the proximity to amenities such as the Vangate Mall, numerous schools and Cape Town International Airport, located just 10km away. Another plus is that this is the first green technology development for the greater Athlone area, with the result that residents will benefit from energy saving initiatives that will lower their electricity bills.”

Development partner International Housing Solutions, a global private equity funder of affordable housing projects, says it is delighted with the quality of the development.  “Having funded projects with a combined total value of more than R7.8 billion throughout South Africa, we are pleased to note that the Vanguard Residential Village has so successfully managed the fine balance between affordability and quality. As with our other projects, a strong focus on community-centred development was achieved,” says Soula Proxenos, managing partner at IHS.

With construction now underway, the first services have been laid down on site.  Anthony says that occupation of the new homes is anticipated from December 2013.

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