Real Estate Investor Magazine South Africa June 2014 | Page 31

RESIDENTIAL

leisure facilities – which incorporates new golf course
equipment and facilities at The Links, Montagu and
Outeniqua golf courses.
Says Murray: “Refurbishment of the clubhouse
reception area and of the recreation centre in particular
has enhanced Fancourt from a residential perspective
as the latter is an ideal facility for families with younger
children – not only for tourists but especially for
permanent residents.”
He says the consistent popularity of this prime
residential property estate among home buyers is
evident. “There is certainly heightened interest in
Fancourt among buyers. Sales over the past 10 months
include properties over the R10 million price range a positive indicator, as during the economic recession
sales in this price band were scarce. Currently the bulk
of demand and Pam Golding Properties sales are in
the R5 million to R7 million price bracket.
“Because of the quality of its facilities Fancourt is
hard to compare with other golf estate developments,
while from a property perspective Fancourt will always
command a premium in relation to other estates - due
to all the factors mentioned.”
www.reimag.co.za

Murray says by far the majority of buyers at Fancourt
are South Africans who are relocating, with the balance
being those from the UK and a few German buyers.
“The trend is definitely towards the estate becoming
more of a primary residence for home owners, and
we estimate that currently 60% of our sales are to
permanent residents.”
Prices of vacant stands currently available for
purchase include 2506-4961m2 plots in Links Ridge,
priced from R3 million to R3.95 million, including
VAT. There are also four completed homes for re-sale
in Links Ridge, priced from R15 million, a re-sale
home in Links Avenue priced at R42 million and
two re-sale stands each 6400m 2 in size in Links
Avenue, priced at R20.8 million for both (or for sale
individually on request).
In addition, there are 13 newly released stands adjacent
to the 9th hole on the Montagu Ridge golf course, priced
from R2.6 million to R3.8 million (including VAT),
ranging in size from 1123m2 to 1684m2 and set among
landscaped indigenous gardens.

RESOURCES
Pam Golding
June 2014 SA Real Estate Investor

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