Real Estate Investor Magazine South Africa April 2015 | Page 21

Facilities

stinkwood), with 746 00 plants already growing at the
on-site nursery.
This lifestyle resort offers residents many leisure and
recreational activities and, “creates a unique quality of
life that has long been out of the reach of most South
Africans, due to high walls, the need to commute and
security concerns,” Plumari adds.
Steyn City’s infrastructure and show village of luxury
residential apartments have already been completed,
which is unusual for new developments that have only
recently been launched.
The estate offers a wide range of residential options
including freehold stands, clusters, apartments and
retirement accommodation.
One, two and three bedroom apartments can range
in size from 74m2 to 149m2 with a starting price of R1,
650 million up to R3, 9 million.
Stage 1 has seen the completion of 93 apartments
and 19 clusters, with a further 45 clusters to be built
off-plan. Six show homes have been completed and 220
freehold stands are on the market for owners to build
their own homes. Residents will be able to build their
homes according to a selection of architectural styles
such as Contemporary, Thesen Island, Barnhouse and
sandstone clad French Chateau. 25 Luxury apartments
located near the golf course will also be sold off-plan.
Cluster homes, meanwhile, range in price from R6,
2 million to R8, 4 million for a four bedroomed home.
Freehold stands range from a starting price of R2, 3
million to about R16 million.
Rentals of one bedroom apartments will be about
R10 000 with rental yields conservatively estimated at
between 6% - 8% in the first year.
One thing is for sure, Steyn City is a game changer
in the development of lifestyle estates making this
truly Egoli’s golden City.
www.reimag.co.za

• Residential apartments
• Business Park with commercial office space
• Retail shopping centres
• Medical and hospital facilities
• Retirement accommodation
• A private primary and high school
• Indoor and outdoor gym
• Hair and beauty salon
• Health spa
• 18-hole Niklaus designed golf course
• Estate equestrian centre
• Tennis courts
• Plunge pool
• Cycle track
• Kids Play Park
• Teen Skate Park
• A deli
• Restaurant
• Bakery
• Bowling green
• Shuttle service

April 2015 SA Real Estate Investor

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