Estate Living Magazine Issue 30 Smart Environments June 2018 | Page 21

Evergreen
Lake Michelle
The life rights model
This speaks to the affordability factor, which is key
for retirees. Thus the life rights model, whereby you
purchase a home purely for the remainder of your
life, is a robust trend in retirement villages, as the
homes are more affordable compared to freestanding
or sectional title properties.
Life rights is the purchasing model at Evergreen
villages. ‘A life right provides the retiree with secure
accommodation throughout his or her life, and that
of a spouse, without their having to take responsibility
for the maintenance of the property,’ explains
Case. At Evergreen Val de Vie, in the country’s
premier lifestyle estate, prices for life rights start at
R2.78 million.
Life rights are especially suited to the elderly with
dementia. Enter Livewell Villages, in Bryanston and
Somerset West, which offer stunning luxury dementia
care suites for exclusive lifetime usage ranging from
R520 000 to R1.4 million, depending on their size,
elevation, location on site, whether they have a view
and other amenities such as garden access, balcony
or verandah. A specially designed therapeutic
programme offers a series of entertaining and
rewarding activities that can be enjoyed by residents
as well as day visitors. The residence is pet-friendly
and Livewell conducts ‘pet management’ on behalf
of the residents who wish to bring their pets. The
monthly levy covering the 24/7 specialised care and
other day-to-day services is R45,780 for Somerset
West, and R49,050 for Bryanston (single occupancy).
Livewell Somerset West
Western Cape
Retirement lifestyle developers today are focusing
more intensely on meeting the constraints, but also
the needs and desires of today’s retirees, many of
whom still work and do sports and hobbies with
younger people.
This is the vision behind the Langebaan Country
Estate retirement village being planned for launch
in July, where residents will have access to every
amenity in the estate along with direct access to
quality healthcare, all within this visually spectacular
and highly secure environment.
‘The established comforts within the Langebaan
Estate will all be available to the retirement village
residents, with the addition of full frail care facilities
and assisted living for extra peace of mind,’ says
Craig Scott, the developer.
Investors here are being offered freestanding and
apartment life right units, all with optional care
packages, with a levy stabilisation fund that will
further secure their investment.
Similarly, the planned Harbour Bay Village in Simon’s
Town will offer its retirees world-class amenities,
benefits and conveniences, including a medical
centre, shopping centre, eateries, and fitness and
leisure facilities. And here, you can own your home, at
prices starting from R1.59 million for a studio suite.
Livewell Bryanston
www.estate-living.co.za | 19