Notable KZN developments
San Lameer
Notable KZN developments
• About 80 % of the properties at Gold Coast Estate, a freehold development in the Sibaya Coastal Precinct, have been sold before public release.
• Oceans Umhlanga is a project consisting of 470 residential units and 60 hotel suites. According to DevProp Global, which is the company handling the marketing and sales of this development, R2 billion worth of property was presold in 18 months.
• In Richards Bay, vacant land prices rose sharply to 80 % year-on-year. The Richards Bay Industrial Development Zone holds promise for the local economy.
• Queensburgh, one of the more affordable suburbs in the Greater Durban Metropolitan Area, will see at least four new developments launch in 2018, all priced between R850 000 and R1.8 million, exactly where the market demand is.
• The Rob Roy Luxury Retirement Village in Botha’ s Hill, and Renishaw Hills in Scottburgh will continue their phase by phase releases over the next five years, which attests to the strong demand for retirement properties in KZN.
Oceans Umhlanga
Sibaya Coastal Precinct
By Georgina Guedes
www. estate-living. co. za | 17