select
|

Buyers show confidence in Johannesburg South

Luxury estates on Johannesburg's southern border are proving increasingly attractive to the city’s well-to-do young homebuyers, thanks to the secure lifestyle they offer within easy reach of the city centre.


This luxury home in the Eye of Africa golf estate is for sale through Harcourts Delta R6,9m.
 
“The fast-paced development of suburbs south of the city in the past 15 years has created a lively property market here, with buyers steadily gaining confidence over the past year,” says Marc Rodrigues of long-established local agency Harcourts Delta.
 
"At the same time, though, there is an increasing trend for buyers with young families to leave the suburbs in favour of the more relaxed lifestyle offered in secure estates further south.And the Eye of Africa estate, about 17km south of the Johannesburg CBD, is a case in point.
 
“This 667ha estate with an 18-hole golf course designed by Greg Norman is now drawing increasing numbers of buyers aged between 30 and 45 with young families, as well as older buyers on the threshold of retirement.”
 
Harcourts Delta was recently appointed to market Phase 4 of the estate, named The Grace, and is manning a dedicated sales office within the Eye of Africa, he says. The agency also has exclusive mandates on a number of resale stands and completed homes in the first three phases of the estate.
 
There are 28 stands of between 833sqm and 1590sqm in The Grace, priced at between R1m and R2m, while building packages including a stand and a home of about 350sqm are priced from R3,8m.
 
Completed homes in the first three phases now coming to market as re-sales are selling at prices from about R2,3m for comfortable family homes with three bedrooms and two bathrooms. Luxury homes are selling at prices of up to R6,9m 
 
Rodrigues says the lifestyle offered by Eye of Africa seems to be a major draw-card. “The development includes ample green spaces such as parks and conservation areas as well as the golf course, and nearly 50% of the development will be retained as open space.
 
"These open spaces are attractive to young families who want to escape densifying suburbs, while top security measures such as fingerprint access and security patrols ensure a safe environment for residents. The estate is also close to private schools and shopping centres and within easy reach of the Johannesburg city centre, which makes a daily commute to city offices feasible."


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 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.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
        
    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