National property developer FWJK Developments has secured the rights to develop a new 70 000m2 sectional title P-Grade office skyscraper in the Sandton CDB to the tune of R2bn according to Rhys Rocke, regional director of FWJK.

News broke last week that The Fitch ratings agency could affirm SA’s rand-denominated credit rating one level above junk at BBB-, a move that no doubt makes us question what this means for the property development and real estate sectors.

FWJK Developments has announced the go ahead of its seventh A Grade office block at Ridgeside, Umhlanga to be known as Ridge 7.

National property management company Trafalgar has just announced the acquisition of Table View-based managing agency Browmann Property Management.

Situated towards Umdloti on the KwaZulu-Natal North Coast, the new Sibaya precinct has rapidly become entrenched as the region’s property ‘hotspot’ – a monniker it is likely to hold for at least the next 10 to 15 years.

Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, this morning announced solid financial results for the year ended 28 February 2017.

Monday, 24 April 2017 13:20

Century City office vacancies fall

The continued strong take up of offices at Century City has seen almost all new stock being mopped up and overall vacancies dropping to 7,4% in April from just under 10% in January this year and 12,1% in the fourth quarter of last year.

In the past 10 years, the number of sectional title schemes in SA has risen exponentially, and the latest figures show that there are currently well over 700 000 sectional title homes in the country, estimated to house more than 6-million people.

Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, is pleased to announce that it has launched The Polofields, its maiden development in Waterfall, Midrand, Gauteng.  

The residential property market has had its ups and downs during 2016 as the economy stagnates, the Reserve Bank started hiking interest rates again and consumers struggle with household debt-to-income.

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