The Green Building Council South Africa (GBCSA) has awarded a 4-star Green Star Sustainable Precincts certification – the first in Africa – to a project that will be built by historic Cape Town development company, Garden Cities NPC (RF), as a further phase of its flagship Cape West Coast suburb, Sunningdale.

“South Africa’s residential market is in for an interesting time in 2019, but our predictions for the year are all positive, and we believe that home buyers and investors who take the plunge and buy early will be well-rewarded.”

Spiralling electricity costs and the escalating energy crisis have fuelled a fast-growing trend towards energy-efficiency and green building principles during the past decade, but ecological awareness could prove a costly exercise for Cape home-owners who fail to comply with new regulations.

With inflation still within the target range, but with concerns following a round of fuel price increases and other potential inflationary impacts, as was anticipated, the Monetary Policy Committee kept the repo rate unchanged following this week’s meeting, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

A R200 million 51-unit luxury apartment project on a vacant lot at 169 Main Road Green Point places the capstone on the radical transformation of the stretch between de Waterkant and Glengariff Road. 

Every three years, the City of Cape Town updates their General Valuations roll to ensure property rates are adjusted in proportion to property values.

The latest figures from the respected property analysts Lightstone bear out the bullish statements that he has from time to time made about the prospects for what is arguably the Cape Town Northern Suburbs’ most prestigious and popular suburb, Durbanville, said Rowan Alexander, Director of Alexander Swart Property, this week.

As expected, the Monetary Policy Committee kept the repo rate stable, with analysts and market commentators ahead of today’s announcement (24 May 2018) pointing to a more hawkish stance amid a weaker rand.

Wednesday, 28 March 2018 15:39

Ooba welcomes Reserve Bank interest rate cut

ooba, South Africa’s biggest bond originator, welcomes the interest rate cut of 0.25% announced by the South African Reserve Bank this afternoon.

On Thursday the SARB Monetary Policy Committee elected not to raise the repo rate which will remain unchanged at 5.5% until the next meeting on the 17th of July.

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