Today saw the official launch of the Rugby development by the City of Cape Town, Nedbank and developer, Inframax.  

JSE-listed construction group Basil Read’s newest residential development in Johannesburg is the latest show of interest for the affordable housing market, which is gaining the attention of government and the private sector.

An effective public and private sector partnership between Nedbank, a local developer and the City of Cape Town has resulted in the development of much needed new affordable housing in the suburbs of Rugby and Silvertown. 

Friday, 01 March 2013 09:16

FNB Invest in Affordable Housing units

FNB Commercial Property Finance alongside partners Kiron Projects launched the Windmill Park Project in Boksburg, an affordable housing estate which  caters for a wide spectrum of the housing market.

Wednesday, 06 February 2013 08:14

Squeeze on financing for affordable housing

THE deteriorating creditworthiness and affordability among South Africans has affected the appetite for advance loans for affordable houses, according to Nedbank’s affordable-housing head Jeff Lawrence.

Construction will soon start on the first affordable housing development in upmarket Umhlanga near Durban.

On a year-on-year basis, some marginal nominal house price growth was recorded in the middle segment of the market (homes of 80m² - 400m² and priced up to R3,6 million in 2012) in the third quarter of 2012.

Friday, 12 October 2012 09:36

State projects boost Calgro M3’s revenue

JSE-listed low-cost housing developer Calgro M3, which on Thursday posted a solid set of results for the six months ended August, continued to benefit from government’s commitment to increasing investment in infrastructure.

The Eastern Cape Province is set to benefit from the approximate R12 million finance granted to developers Shield Homes for the Applewood development in Port Elizabeth. 

Recently launched development Nedbank financed Allandale View in Kaalfontein, Midrand, is set to benefit end-users not only from an affordability perspective, but also from a reduction in electricity usage

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