SA Affordable Housing November - December 2018 // Issue: 73 | Page 26

PROJECTS
Guests and dignitaries photographed at the showhouse on launch day.
to achieve targeted investment points as defined in the
Financial Sector Charter. HIFSA invests primarily in housing
and housing-related assets within South Africa and aims to
achieve the maximum risk-adjusted return possible from this
asset class.
BASIL READ AT SAVANNA CITY: 44 HOMES
Cutting the ribbon, Basil Read CEO Khathutshelo Mapasa.
A spacious main room for the 40m 2 unit.
The Savannah City project broke ground after the service
agreements with the municipality was signed in August
2013. Currently, Phase three of the civil and electrical
infrastructure development is about to be finalised.
According to a Basil Read spokesperson, there are 10
extensions in the development, four of which townships are
already proclaimed and almost complete in terms of house
construction.
As for the Basil Read Homes, with a project value of about
R18-million, the first phase will start with the 44 homes at
Savanna City. It is important to make these 44 homes
affordable to enable potential buyers to access the FLISP
subsidy from government.
The brief is to develop a two-bedroom house in the
affordable market with the focus on creating spacious living
areas and be different to the units that are currently flooding
the affordable market.
The 44 units are built within a current enclosed area of
about 600 residential units with single vehicle access. The
current design allows for 40m 2 typology with the possibility
of the addition of a third bedroom.
Ranging from R405  000 (VAT included), the units are
fitted with solar geysers and prepaid electricity.
“The municipality is currently busy with a pilot project on
the water meters which may roll out to the rest of the
development,” says the spokesperson.
PROFESSIONAL TEAM
Architect: Creative Axis
Contractor: Dryden Projects
Developer: Basil Read Homes
Engineer: Malankane Engineering
A second bedroom forms part of the new unit.
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NOVEMBER - DECEMBER 2018
www.SAAffordableHousing.co.za