From successful property sales and new project launches to noteworthy acquisitions, 2024 was nothing short of a remarkable year of achievements for Devmco Realty, that forms part of the established Devmco Group. Solidifying its position as a leader in the luxury real estate market, Devmco Realty’s Director of Sales and Marketing, Pamela Naidu, reflects on the past year of growth, resilience and strategic development in 2024 while also sharing her predictions on the property market front for 2025.
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“A highlight of 2024 was the successful sell-out of the first phase of Capri Village Salta, followed by the near-complete sale of Phase 2 and the commencement of construction for this highly anticipated retirement focused development in the Sibaya region in KwaZulu-Natal. I believe this is a testament to Devmco Realty’s deep understanding of market trends, dedication to our customer’s needs, and our strategic vision for the future of this growing Sibaya region.”
Sibaya region a savvy investment
Pamela Naidu
“We are incredibly proud of the progress we’ve made in the past year which has set us up for continued success in 2025. Despite the challenges, including high interest rates and inflation, our ability to adapt and innovate has allowed us to thrive. The success of Capri Village Salta and the acquisition of Sibaya Coastal Precinct demonstrates Devmco’s knowledge of the area and our ability to successfully identify opportunities that match the demands of our clients and stakeholders,” she says.
Sibaya Coastal Precinct has been rapidly evolving and growing in recent years and in 2024 it was recognised as one of the top five most affluent suburbs in the country.
The acquisition of the Sibaya Coastal Precinct marked a significant milestone for Devmco with an expected R20 billion economic boost expected over the next few years that includes not just residential opportunities but commercial ones too that will be offered to the public.
Alongside this significant milestone being achieved, Devmco Realty continued to experience remarkable success last year with the sales of our off-plan developments, including Salta Sibaya and Gold Coast Estate.
Naidu says that, “There’s no mistaking that the Sibaya region is now viewed by many in the property industry as a savvy long-term investment, with the rental market being in high demand and the rental rate being exceptionally good. More homes and estates are being built everyday within this beautiful coastal precinct and the two interest rate cuts announced by SARB towards the end of 2024 with another expected in the first quarter of 2025 is most certainly going to further motivate those wanting to grow their property portfolio or buy their first dream home here.”
2024 Property trends, 2025 predictions
The luxury real estate market is dynamic, and 2024 proved to be a year where Devmco could harness new trends, such as smart technology and sustainable building practices, to cater to the changing needs of our buyers. “As we look ahead to 2025, we are excited about the opportunities that lie ahead, especially as the market continues to stabilize and grow.
As the property market continues to develop, Devmco Realty is well-positioned to benefit from emerging trends, including a rise in first-time homebuyers and banks offering 100% bonds. Devmco Realty is optimistic about a stronger economy following the formation of a national unity government along with predicted further interest rate cuts this year which is expected to boost investor confidence.”
“As we move into 2025, Devmco Realty remains committed to offering the highest level of service and expertise in luxury real estate within the Sibaya Coastal Precinct, ensuring that each development delivers long-term value for investors and homeowners alike.
For information about Devmco Realty, visit www.devmcorealty.co.za or call 087 550 1300.
