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High demand for security complexes on the Western Seaboard

For a large number of home buyers in South Africa, security has become one of the most crucial influencing factors when deciding which home to purchase, says Caron Leslie, Broker/Owner of RE/MAX Property Associates, whose offices service Cape Town’s Western Seaboard.  She notes that because of this, demand for homes located within security complexes has been outstripping the current supply of properties available on the market.
 
In the face of the ongoing high demand for security complexes on Cape Town’s Western Seaboard, RE/MAX Property Associates is expecting a strong response to the new development they are marketing, named Blue Bay. This development offers buyers a secure environment with electric perimeter fencing and access control.  Situated in Clam Road, one block away from and parallel to Marine Drive in Bloubergstrand, the development is within walking distance to the beach, as well as a range of amenities. 
 
RE/MAX Property Associates, development agent on the Western Seaboard, Ivan Swart, says that this development offers the perfect opportunity for first-time buyers to secure a foothold in the property market.  “This development is ideally suited to single professionals or young couples wanting to own their own home in a secure environment, with minimal maintenance worries,” he says.  “It is centrally located within easy reach of numerous shops, restaurants and recreational facilities. It is also less than 500m from the IRT connection linking Blouberg with the central city – making this a great location for those wishing to commute into town for work without worrying about traffic congestion or fuel costs. There is ample open-air parking assigned to all of the apartments, with an option to purchase enclosed garages at additional cost.”
 
According to Swart the three-storey building will offer 63 apartments to buyers with the anticipated occupation date set for November 2015. There are one-, two- and three-bedroom options with prices of the units competitively priced from just R735 000 for a one-bedroom apartment. A two-bedroom apartment will cost in the region of R1 07 million and a three-bedroom penthouse apartment will start from around R2.75 million.
 
Furthermore, Swart says that Blue Bay will offer a comfortable and convenient modern lifestyle at a very competitive price compared to other homes on the market in the same area.  “This could also be a good buy for empty-nesters or those wishing to downscale for retirement into a smaller and easy-to-manage home,” he says, “and this latter category of buyers in particular will appreciate its proximity to the new Blouberg Netcare hospital.  It could also be an ideal investment property or a holiday getaway for up-country buyers.” 
 
Adrian Goslett, CEO of RE/MAX of Southern Africa, says that the strong demand for property within security estates and complexes has resulting in these types of properties generally providing excellent returns on investment over the long term. “Many property purchasing decisions are driven by security, which has seen this kind of home increase in popularity and value over time,” says Goslett.
Whether purchasing a home for the first time or downscaling to a more manageable property, security complexes are an excellent option due to the lifestyle and security benefits they provide. “Developments such as Blue Bay allow buyers to have the peace of mind of living in a safe and secure environment without paying exorbitant prices for the privilege,” Swart concludes.


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