CHARLES THOMPSON, DEPARTMENT LEAD: PROJECT COORDINATION, DEVMCO
“The market has responded well in 2018 to prices being significantly lower on the KwaZulu-Natal coast than on the Atlantic Seaboard in the Cape. We handed over phases one and two of Ocean Dune Sibaya, and phase three is on schedule for December. We also handed over the first phase of Pebble Beach Sibaya. The first phase of Gold Coast Estate Sibaya has the green light, so we’re ploughing away into civils infrastructure. Umhlanga Arch is progressing nicely; we’re starting to build the hotel and residential floors. “Despite local and international politics causing markets to be quite stagnant over the past four to five months, security estates are and will continue to be in demand into 2019. Coastal estates will also flourish. I’m expecting to see economic growth from Quarter 2 onwards, after the national elections.”
LEON COHEN, CO-FOUNDER AND CEO OF RABIE PROPERTY GROUP
“We believe once the uncertainty of the 2019 elections is over, business and consumer confidence will improve and the economy will be on a firmer footing. “For us, it is business as usual. We are continuing with our three major Cape Town mixed use developments: Century City, Burgundy Estate and Clara Anna Fontein in Durbanville – where we have additional projects under way or on the drawing board. “Our main focus going forward will be on retirement housing; within the next eight months we will be launching three new retirement villages – one in each of these three estates – under a new brand, Oasis Life. We intend to expand this concept, which has a very strong lifestyle element, to other major centres in the country over the next five to 10 years.”
PHIL BARKER, MANAGING DIRECTOR OF RENISHAW PROPERTY DEVELOPMENTS
“The notion of an old-age home is fast becoming outdated. Thanks to lower running costs, reduced maintenance and flexible living associated with mature lifestyle villages, downscaling has never looked this good. Retiring happily is now as easy as investing in a secure, respected and well-run estate. With more and more of them emerging, it’s vital to make the right choice. “The demand for mature lifestyle villages fit for active retirees has risen over the past year. Although some developments meet the brief, few offer the affordable value, facilities, quality and sustainability of Renishaw Hills in Scottburgh, KwaZulu-Natal.”
“With no signs of a changing curve, we predict that sectional title, lock-up-and-go homes are the future. It’s why we’ve added onebedroom apartments to our already extensive offering. Our latest addition to Renishaw Hills also includes our ever-popular two-bedroom maisonettes.
“With something for everyone, there’s never been a better place to retire well.”
MICHELE BROOKES, MANAGING DIRECTOR OF LEGARO
“Legaro is working on two special residential developments in Hyde Park: The Emerald and 38 Morsim Road, designed by Daffonchio & Associates Architects. The Emerald is a 300-apartment development with kitchen and bathroom detail designed in collaboration with Legaro. The more exclusive Morsim Road project comprises 12 units in a high-security, access-controlled street. Both developments will have an EDGE rating (Excellence in Design for Greater Efficiencies). “Following the successful completion of the Legaro head office at 78 Corlett Drive, winner of the highest green rating award for 2018, the company will develop a second phase at 76 Corlett Drive, aiming at the highest possible green rating to set the benchmark in sustainable development.
“Looking ahead to 2019, the live, work and play trend continues in response to people’s willingness to adapt to smaller homes and gardens in exchange for convenience and time saving.”
DAVID NAGLE, DEVELOPER OF THE HOUGHTON
“The Houghton will soon celebrate the much anticipated completion and launch of The Houghton Hotel. With the final phase of apartments also done, the hype around owning a property at The Houghton address has only increased enthusiasm among international investors as well as local families seeking a secure, convenient, luxurious lifestyle with the amenities of a five-star hotel at their disposal.
“As regards residential developments for the next few years, I anticipate seeing large-scale mixed-use developments come to fruition, as the spread of urban living has become too costly for the average person. People want an easy life, convenience, and the majority of their needs catered to on their doorstep. These mixed-use developments make secure investments, and showcase state-of-the-art security and exclusive amenity services to residents.”