Developers launch joint venture.

Posted On Wednesday, 30 October 2002 10:01 Published by eProp Commercial Property News
Rate this item
(0 votes)

Property developers iProp and Sable Homes have teamed up for a residential development on 40ha overlooking Crown Mines golf course in the south of Johannesburg.

Infrastructure IndustryProperty developers iProp and Sable Homes have teamed up for a residential development on 40ha overlooking Crown Mines golf course in the south of Johannesburg.

The launch of this multimillion-rand development represents an educated reading of the future of the southern Johannesburg market. Developers are showing interest in the southern areas of Johannesburg because of emerging upwardly mobile black professionals, who are boosting sales figures as they move out of the townships.The joint venture development, Lakewood, is expected to deliver up to 340 stands varying in size from 400m² to more than 1000m², with prices starting at R195000.

Sectional title developments are being considered, says Sable Homes marketing director Keith Nash. The development targets middle- and high-income earners. The developers say Lakewood will offer a 'green lifestyle' in secure surroundings 10 minutes away from the city.

The development is to be surrounded by a 2,4m wall and will have a guardhouse at the controlled-access entrance, as well as an intercom system connecting all homes to the control centre.

The first phase of the estate will be launched in the next few weeks.

 

Last modified on Tuesday, 05 November 2013 20:04

Most Popular

Residential property market gathering momentum, says Eazi Real Estate

Nov 18, 2020
Parklands_3_bed_sale_R1.999m_Eazi_Real_Estate
In this last quarter concluding in December 2020, the residential property market…

Lockdown impacts buying trends of generations of home buyers

Nov 15, 2020
Andrew_Golding_Golding_PropertyGroup
The Covid-19 pandemic and lockdown has been a catalyst for highlighting the different…

Second-hand shopping is being revolutionised and expanding the circular economy

Nov 18, 2020
EPP CEO_Tomasz Trzoslo
Conscious consumers are championing the resale of goods to reduce waste and extend the…

It’s all about creating confidence and positive sentiment in our economy, says Dr Andrew Golding

Oct 28, 2020
Andrew_Golding_Golding_PropertyGroup
The Minister of Finance hit the nail on the head when he said that it is not only…

Pam Golding Properties awarded Best Real Estate Agency in South Africa in International Property Awards

Nov 18, 2020
IPA Awards Pam Golding Properties 2020 - 2021
Competing against real estate companies from around the country, this is the 14th year…

Please publish modules in offcanvas position.