Hong Kong-listed Shanghai Zendai is going ahead with its grandiose plans to build a colossal mixed-use city in the sleepy village of Modderfontein northeast of Johannesburg.

The FNB/BER building confidence index gains four points to 45 in the third quarter‚ indicating the sector is starting to turn itself around.

Speculators have been knocked out of the residential market, according to estate agents. The proportion of properties sold to buy-to-let investors has fallen from over 25% at the peak of the boom in 2006 to 7% today

Fresh leaves are beginning to form on the house market’s green shoots,with banks, rates, carry trade change mood says KwaZulu Natal agency chief Keith Wakefield.