With one year to go, stadiums are nearly ready for the greatest sporting spectacle in the world.

Eight-figure bids were received for a hotel in Hout Bay at the Aucor property auction in Sandton, when 11 lots came under the hammer.

An auctioneer has been stunned by the developers refusal to bid for a 700ha golf estate at a much anticipated auction in Sandton, north of Johannesburg, on Wednesday.

A-grade offices in the Pineslopes-Fourways area will be brought to the auction floor by the Alliance Group this month.

Douw Boshoff will present an overview of the commercial property sector at the Aucor commercial property auction in Sandton.

'A positive spin-off of this situation is that sellers are becoming more realistic about pricing their properties, and are no longer expecting unachievable prices'.

The Alliance Group is bringing an attractive A-grade office building to the auction floor on November 26 at the Sandton Southern Sun.

Aengus Property Holdings is turning the Joburg CBD into a sought-after residential address with the conversion of an entire city block at the hub of Gautrain commuter belt into quality loft apartments

The first phase of Gautrain is expected to start operating at the end of June 2010 between OR Tambo and Sandton, and it will be fully operational in March 2011.

Prospects for the business property market are looking brighter than before.