Wednesday, 29 September 2010 02:00

Affordable housing scheme gets Nedbank support

The Cape division of Nedbank Corporate Property Finance announces the funding of a R50 million affordable housing development in Melkbosstrand, situated on the West Coast

The development, known as Watergate Estate, is the anchor project of the City of Cape Town’s Urban Renewal Initiative and will be the first privately funded affordable housing development in the Western Cape

An exciting opportunity in Rosslyn, Pretoria, is set to come under the Auction Alliance hammer on 14 July at the Sandton Southern Sun Hotel on Grayston Drive in Johannesburg

With the much anticipated “breaking of ground” at Sungate, situated at Hosea Kutako International Airport, Windhoek Namibia, the graders rolled onto site in March, signaling the starting point to this prestigious development

Nedbank Corporate Property Finance: Affordable Housing announced the part funding of an affordable housing development worth approximately R600 million in total development cost in Polokwane, Limpopo Province

Property development in inner-city Johannesburg is bucking the recessionary trend and is likely to continue to do so for years to come.

Tuesday, 16 June 2009 02:00

Billion Rand development for east rand

A massive new R1-billion affordable housing development East of Johannesburg, near Carnival City Casino in Boksburg will breathe new life and 2400 new homes into the area along the North Boundary road

The agreement signed by the City of Cape Town and Nedbank in November 2007 to co-operate in the development of affordable housing projects on land owned by the municipality, has been taken a step further

Inner city property developer Aengus Lifestyle Properties has begun converting the historic YMCA building in Bramfontein into its biggest mixed-use development to date.

The huge demand for housing in South Africa in the low to moderate income level, combined with declining rates and relative political and economic stability, continues to drive investment in the affordable end of the market.

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