Two mega residential  projects in the Western Cape, The Island Club at Century City and Royal Ascot in Milnerton, have been short listed for the prestigious South African Property Owners (SAPOA) Awards for Innovative Excellence in Property Development.

Nedbank Corporate Property Finance has confirmed its leading position within the Cape property financing sector - and its lending position at Century City - by signing one of the most sought-after deals in recent years.

Spearhead Property Holdings, the JSE Securities Exchange listed company, has increased its portfolio by a massive R33 million as a result of making two large new purchases, both at the Cape. These will take the total value of Spearhead’s assets up to well above R600 million – and keep it on track to achieve its target of a R1 billion portfolio within the next three years – possibly even sooner.

Spearhead’s Chief Executive, Mike Flax, quoting data supplied by I-Net Bridge, reports that Spearhead was over the last three years ranked the second top performer out of the 25 on the JSE listed property sector.

Leading property developers say it is time for the National Home Builders' Registration Council (NHBRC) to be fully reassessed. Clients are suffering, they say, because of the 1,3% levy the council charges on all homes built, irrespective of their value.

The SA Property Owners' Association (Sapoa) has honoured Menlyn Park Shopping Centre in Pretoria for developmental excellence, and Westlake Estates in Cape Town for its contribution to society.