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.
2015 could see further mild deterioration in residential and residential-related affordability, if our expectations of slightly stronger house price inflation prove true.
FNB property strategist John Loos says the past ten years in the residential property sector has been a rollercoaster ride.
October 2014 House Price Index growth rate slows again, but a "re-acceleration" of sorts may be near.
Little change in the key drivers of residential selling, as the ageing middle class continues to be the main driver of sales.
The FNB/BER building confidence index gains four points to 45 in the third quarter‚ indicating the sector is starting to turn itself around.
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.
Confidence levels in the construction and building industry rise to 52 points in the first quarter of 2014 from 48 in the fourth quarter of 2013.
House prices grow at a more moderate pace in January, but FNB believes this has nothing to do with January's surprise rate hike.

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