Asrin Property Developers R320 million Melkbosch Village is being cited by its marketing agents, “as the most successful plot and plan development ever launched in this section of the Cape’s West Coast.”
Dave Evans, Rawson Properties Melkbosstrand franchisee says in a company media release that when the village was launched in August he had allowed six to eight months for the first phase sellout of 171 units. “However, the phase had old so quickly that we had to release phase II within a few weeks – and this is now almost 30% sold.”
Melkbosch Village consists of two main categories of housing: 202 sectional title units, 34 duplexes and 125 freestanding homes. In Phase I these were priced at starting prices of R599 000 for the two bedroom sectional title units and R799 500 for two bedroom freestanding homes with a garage.
Phase I units will be handed over in September/October 2008. The Phase II units will be ready for occupation end 2009. This phase consists of 144 sectional title and 47 freestanding units. A third and final phase of 29 larger freestanding units will come on the market later.
Evans said that surprisingly few of the bond applicants had been turned down by banks because of the new National Credit Act conditions.
Melkbosch Village will be one of the new genre developments in which the City Council have ordained that there will be a significant, though separate, low-priced housing component, in this case of 100 homes. These are designed to have similar façades to the main village.