Business Day HomeFront 19 July 2019

HOMEFRONT DENISE DOGON - CEO

13 OCTOBER 2016 WWW.BDLIVE.CO.ZA 19 JULY 2019 WWW.BUSINESSLIVE.CO.ZA DENISE DOGON - CEO

CAPE TO WN

BUY NOW - CURRENT DEVELOPMENTS AT LOW PRICES

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CAPE TO WN

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F O R E S H O R E P L AC E - C I T Y

FROM R1.16 4 MIL L ION BUY NOW - CURRENT DEVELOPMENTS AT LOW P

F ROM R1.495 MIL L ION

( VAT I N C L ) ( N O T R A N S F E R D U T Y )

( VAT I N C L ) ( N

F O RE SH O RE PL AC

CEO C ASTDENISE L E DOGON RO C- K - ZO N N E B LO E M

F R OM R 1. 495 MI LLI O N

FRO M R1.164 MI LLI O N

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(V

CAPE TO WN

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New Winelands foodie gem

F O RE SH O RE PL AC

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( NO T R A NS DUT Y) COULDN’T BEFE RBE T TER F R OM R 1. 495 MI LLI PRICE...

O N ( VAT I NCL)

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1 O N A L B E R T - W O O D STO C K

FROM R985 200

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PRICE... COULDN’T BE BE T TER 1 O N A LB E R T - W O O D STO C K

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SUPERBLY POSITIONED  PERFECTLY PRICED

CA P E TO W N’S H OT T E ST N E

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Post-election property update

CAPE TO WN REIMAGINED PRICE... COULDN’T BE BE T TER

A PA R T M EN T S O N T H E R I S E I N CA P E TOW N T H R O U G H T R A N S F O R 1 O N A LB E R T - W O O D STO C K

F R OM R 985 200

( VAT I NCL) ( NO T R A NS FE R DUT Y )

KEITH ANDERSON 083 540 5033

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BYRON KRUGER 082 401 5179

d o g o n g r o u p . c o m A visionary company with decades of experience

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SUPERBLY POSITIONED  PERFECTLY PRICED

C APE TO WN’S HOT T

CAPE TO WN REIMAGINED

APA RTMENTS ON THE RIS E IN CAPE TOW N THROUGH TRAN

Sapoa’s awardwinning developers

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KEITH ANDERSON 083 540 5033Web Ref:BYRON KRUGER 082 401 517 ND24

SUPERBLY POSITIONED  PERFECTLY d PRICED o g o n g r o u CpAPE . cTOoWN’S m HOT T A visionary company with decades of experience

CAPE TO WN REIMAGINED

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APA RTMENTS ON THE RIS E IN CAPE TOW N THROUGH TRAN Oasis Life Clara Anna Fontein in rural Durbanville

KEITH ANDERSON 083 540 5033

I want to retire here How to move to Mauritius

BYRON KRUGER 082 401 517

d o g o n g r o u p . c o m A visionary company with decades of experience

Why wouldn’t you, when comfort, aesthetics, technology and design come together in modern retirement estate homes?

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R3 200 000 3

3

R4 180 000 ON SHOW BY APPOINTMENT 08600 272 38

57 Atholl Oaklands Drive (Opposite Melrose Arch)

HOMEFRONT FOOD AND DESIGN

Country gem New destination restaurant Jewell’s is introducing Winelands diners to crafted farm produce and outstanding charcuterie in an understated setting. HomeFront paid it a visit WORDS: KIM MAXWELL PHOTOS: SUPPLIED

J

ewell’s opened its doors mid-May at Spice Route in the SuiderPaarl Valley. This hillside country location houses a collection of tenants, including a glassblower, a ceramicist, a chocolatier, a giftshop, an artisanal gin producer, an ice cream shop and a craft brewery, on one property.

Jewell’s is a 60-seater where expansive views of the rural farmland are framed by black-rimmed windows, with Table Mountain in the distance.

Balau benches and tables are popular for seating additional diners under the oaks in warm weather.

Chef Neil Jewell and his wife, Tina, are handson partners in this new venture with chef Liam Tomlin and his wife, Jan, the founders and owners of Chefs Warehouse & Canteen in Cape Town’s Bree Street.

The Tomlins have collaborated with talented chefs and business owners before at Thali Indian restaurant in the Cape Town CBD and with two

winery owners at stylish Chefs Warehouse concept restaurants. Spice Route and Fairview winery owner Charles Back is their landlord partner at Jewell’s.

A distinctive location is as important to a restaurant’s success as what is served at the tables.

“I’ve managed to get some of the best restaurant sites in the country: Chefs Warehouse at Maison in Franschhoek and Chefs Warehouse at Beau Constantia,” says Liam Tomlin. “And now here … just look at the views.”

Back’s cattle farm is directly opposite Spice Route, offering a fantastic source of certified freerange Red Angus beef.

FOOD “My food philosophy is about my farmers’ produce,” says Neil Jewell in the open-plan kitchen, where walls clad in black metro tiles feature white ceramic decorations depicting a salami, a meat cleaver and a chopping board above the pass. “I want the meat to do the talking because it’s ethically sourced. All

our beef comes from Charles’s farm.”

I can personally vouch for the deliciously tender Angus rump, served on creamy Fairview cheese polenta, with leeks and foraged farm mushrooms.

Jewell says he was looking for a career change after 19 years as “cook and sausage maker” at Bread & Wine on the farm Môreson near Franschhoek. He is a renowned charcuterie specialist and his homemade salami and cold meats are a tasty addition to the compact country menu at Jewell’s.

Our shared charcuterie board included Angus beef in black pepper, coldsmoked and then cooked; slivers of nutty porkand-pistachio mortadella; herb-smoked pork belly with home-cured gherkins; eisbein rillettes; and fermented pork salami sticks flavoured with fennel, cayenne and paprika – all eaten with focaccia and farm butter.

The pork is sourced from healthily reared pigs at Glen Oakes Farm in the Hemel-en-Aarde Valley.

“We’re putting in a veggie garden at the bottom of the property; the seeds have

“My food philosophy is about my farmers’ produce” Neil Jewell, co-owner and hands-on chef

HOMEFRONT

been ordered. All our milk, cream and butter are from Fairview’s dairy next door.

We want to make our own cheeses,” says Jewell. À la carte options include a hearty Tunisian lentil soup with colourful garden radishes, or innovative lamb jelly tartar with Jewell’s lamb neck biltong and crispy lavash bread. This is deceptively simple food with complex flavours. Children are welcome, and healthier options for young palates include fish goujons and caramelised sweet potato fondant. Or beef kofta with butternut ketchup.

“If we can just have really great produce, cook it, season it and serve it, that’s it,” says Jewell. “We want to get to the point where 80% of our produce is from within 10km of our restaurant door. And we’ll let you know what you’re eating rather than having it delivered from a supplier in plastic bags.”

DECOR

“We knocked lots of walls down and opened up the kitchen. It was an extensive refurbishment” Liam Tomlin, co-owner PRODUCED BY BLACKSTAR PROPERTY PUBLISHING 1st Floor, Block H, Sable Square, Cnr Bosmansdam and Ratanga roads, Milnerton, Cape Town 021 447 7130

Simple interiors rely on tonal variations of grey and charcoal. As an international restaurant consultant to five-star safari lodges, Tomlin puts his knowledge of kitchen functionality to good use.

His preferred suppliers, from furniture to custom cabinetry, are used in most of the restaurants he is involved in. So Cape

A EDITORIAL TEAM Editor: Debbie Loots Designer: Samantha Durand

Customs fashioned the balau outdoor tables and the interior woodwork, bar counters and waiter stations in pale grey or charcoal Duco finishes.

The stylish cabinetry on the bar counter combines dark charcoal with unstained oak panelling on raw concrete.

“We knocked lots of walls down and opened up the kitchen. It was an extensive refurbishment,” says Tomlin. “Everything was curved and arched, so we lifted the space and made it more open,” adds Tina Jewell, who handles the front of house.

Peter Brophy of Chefs Warehouse Bree Street sourced the textured upholstery fabric in saltand-pepper tones for the banquette seating. Existing square Caesarstone tabletops were repurposed with new black bases.

Not Just Tiles supplied the mottled grey ceramic flooring underfoot, and the round raw oak tables and black stained chairs are from Weylandts.

Artist John Pace’s farmthemed paintings and sketches add appropriate decorative detail and a giant black-and-white cockerel of his features on a striking wallpaper outside the kitchen.

Artisans are used wherever possible: black leather menu covers and some woodwork

accessories were fashioned by Pieter de Jager of Leopard’s Leap Vineyards (a chef with a side business in leather and wood). Neighbouring Spice Route ceramicist Anthony Shapiro supplied some of the crockery and Red Hot Glass created a hand-blown string of glass chillies for the window shared by their two businesses.

At the entrance on the veranda, the blackand-white floor tiles are temporary – eventually glass panels will show off sunken earthenware kvevri vessels below.

This is Back’s innovation: handmade in the mountains of Georgia and brought to SA to revive a dying art, these large oval vase-shaped vessels will be used for the fermentation of pressed grapes and hold 1,500 litres of natural wine below ground.

For now, the wine list comprises only Spice Route and Fairview red and white wines made in the standard way.

“The whole thing is about food and wine,” says Tomlin. “But it will evolve.

It took a few weeks for Neil to create charcuterie and we’re serving it now.

Next year we’ll probably have our own kvevri house blend wine and we’ll bring in other artists for the walls.”

PUBLICATION ADVERTISING SALES

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Susan Erwee Sarah Steadman

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FOCUS ON: ZEVENWACHT LIFESTYLE ESTATE ADVERTORIAL

Retire in style Independent living apartments at Zevenwacht Lifestyle Estate make retirement in the Cape Winelands affordable WORDS AND PHOTOS: SUPPLIED

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ituated right next to the renowned Zevenwacht Wine Estate on the Stellenbosch Wine Route, Zevenwacht Lifestyle Estate offers superb lifestyle options for over-50s in an unbeatable setting.

Multi Spectrum Property (MSP) has just released a limited offer linked to the purchase of independent living apartments at Zevenwacht Lifestyle Estate, which are complete and ready for occupation.

“Purchasers who buy now will not have to pay any levies for 12 months,” says Riaan Roos, CEO of the MSP group. “These one-bedroom and studio independent living apartments are priced from R1,159,900 with no transfer duties payable, making retirement in the

Winelands affordable and achievable. This special offer is the cherry on top.

Anyone who has been considering their retirement choices would be well advised to make their move now.”

CONVENIENCE The 54 independent living apartments at Zevenwacht Lifestyle Estate are ideally positioned around the 1,100m² Zevenwacht Care Centre, which offers peace of mind as care is close by.

Designed with practicality and convenience in mind, the apartments have wellbalanced finishes. Each has an allocated parking bay and is fitted with a solar geyser.

The studio and onebedroom apartments are all 47m2 in size, with a considered layout that lends them a feeling of spaciousness. They also include covered patios or balconies.

All residents of Zevenwacht Lifestyle Estate enjoy full access to the clubhouse with its library, lounge and bar area. In addition, they each receive a patronage card offering special discounts at Zevenwacht Wine Estate, which has a restaurant, a wine-tasting centre,

conference facilities, tennis courts, a sauna and a spa.

SERVICES Residents also have the benefit of Call4Care 24hour monitoring, health and emergency alert services, clinic services once a week if required, and respite care in Zevenwacht Care Centre five days per year (per unit).

Weekly housekeeping and linen and laundry services are also included in the standard monthly levy.

In due course a golf cart shuttle will be available to residents for transport inside the estate.

Social opportunities and a lively community are a given at Zevenwacht Care Centre – the development has a dining hall, a library, a lounge, braai facilities and covered balconies, where residents can catch up while they take in the views.

Security is top-notch, with CCTV- and accesscontrolled entrances, 24-hour roaming security guards and electrified fencing. Each dwelling includes a 24-hour emergency and healthcare response system.

Only 29 of the Zevenwacht Lifestyle Estate independent living units are still available, and a fully furnished show apartment can be viewed.

GET IN TOUCH Zevenwacht Lifestyle Estate Tel: 082 442 7201 (Marlite Kotze); 084 550 0508 (Arina Crathorne) www.zevenwacht-lifestyle-estate.co.za

HOMEFRONT RETIREMENT

I want to retire here

Oasis Life Clara Anna Fontein in Durbanville

Why wouldn’t you, when comfort, aesthetics, technology and design come together in modern retirement estate homes?

WORDS: KIM MAXWELL :: PHOTOS: SUPPLIED

De Plattekloof Lifestyle Estate in Cape Town's Northern Suburbs

I

f there is a growth push in local property, it’s in modern retirement estates that are designed to please. Developers have researched the market and upped the ante, responding to technologically savvy future retirees who travel, enjoy active, fulfilled lifestyles and pursue varied social activities and personal interests. They want to live well too.

Here is a summary of retirement categories and some popular estates that are offering unique selling propositions:

1. Eco-estate EVERGREEN LAKE MICHELLE, CAPE TOWN

EIGHTONN in Sea Point

Expect tranquil views of mountains and water in this lovely boardwalked multigenerational estate on 90ha in rural Noordhoek.

It borders Table Mountain National Park, is surrounded by wetlands and has a lake for swimming and sailing. Evergreen Lifestyle developed 30 retirement homes (110 more are planned) for over-55s on a life rights basis, located among freehold family

homes. All residents benefit from top security.

HOPEWELL CONSERVATION ESTATE, PORT ELIZABETH With plots and lifestyle homes built in a 2,500ha nature reserve stocked with nonpredator game, Hopewell is an attractive residential lifestyle option only 20 minutes from town.

Eventually 330 units will also be available to retirees (the purchase model is not defined). “Our target market of early retirement buyer will be spending in the R800,000 to R1.5m sector,” says Hopewell GM Kevin Taylor. “Guys selling up in Joburg can’t always afford Franschhoek or the North Coast of KwaZulu-Natal.”

2. Urban DE PLATTEKLOOF LIFESTYLE ESTATE, CAPE TOWN Offering a “five-star lifestyle for the over-50s”, this award-winning Northern Suburbs retirement estate caters for luxury buyers in the R7m price range. A full ownership model buys great views and urban proximity.

Tijgerzicht assisted living

“Our modern apartments accommodate various needs with a variety of floor plans, customisation options and thoughtful design” Lior van Embden, sales and brand manager, Blok

HOMEFRONT

Evergreen Lake Michelle in Noordhoek, Cape Town

The Village at Langebaan Country Estate recently launched a life rights retirement development apartments include lifestyle amenities and a stateof-the-art healthcare centre. Bloemendal and Lebenstijn independent living apartments have been completed, while the Diemerskuijl independent living apartment scheme is now selling and under construction. More accessibly priced properties range from a Tijgerzicht assisted living apartment at R1.367m to an entrylevel independent living apartment at R1.586m.

HERITAGE ESTATE, JOHANNESBURG Heritage Estate in Modderfontein provides a superior community lifestyle for residents over 50 “looking to retire in the timeless elegance of a heritage property built in 1910”. Revamped Heritage House opened in February, with common areas including a lounge, a home theatre, a wellness hub, a library and a business centre. Guided walks are offered at nearby Modderfontein Nature Reserve. This sectional title estate offers 126 stylish, secure lock-up-and-go

units fitted with Bosch kitchens. Options include The Firs simplex units, The Oaks apartments and penthouses, and Olive Grove, a new phase to be launched later this year.

“People realise that peace, fresh air, space and a slower pace are very covetable”

EIGHTONN, CAPE TOWN Riaan Roos, CEO, MSP Priced from R5.85m for a sectional title apartment in Sea Point, EIGHTONN offers luxury value to an early retiree investor. The urban location and seaside lifestyle suits a more independent resident. Lior van Embden, developer Blok’s sales and brand manager, says EIGHTONN allows for living and working in the city while securing a retirement future on the Atlantic Seaboard. “Our modern apartments accommodate various needs with a variety of floor plans, customisation options and thoughtful design to maximise the available living space,” she says. The development has no frail care unit but a 24/7 care concierge assists with medical requests and manages the deli and rooftop wellness studio. There is internet, security services, water-wise fittings and an on-site building manager.

Buh-Rein Retirement Village, also in Cape Town's Northern Suburbs

ALSO TRY: EVERGREEN BROADACRES, JOHANNESBURG Park-like grounds appeal in a popular suburb in Fourways.

Residents get to enjoy homes or luxury apartments via a life rights model. A cuttingedge lifestyle centre includes dining, a heated swimming pool, a library and a salon.

Primary, recuperative, frail, dementia and palliative care are also on offer.

3. Multigenerational BUH-REIN, CAPE TOWN More than 100 units have been sold at Buh-Rein Retirement Village in the Northern Suburbs – the first residents move in next month. “Many retirement schemes cater only for the upper market. We address this issue by offering well-priced sectional title ownership properties,” says Riaan Roos, Multi Spectrum Property (MSP) CEO. Independent living and assisted living apartments alike are priced from R919,900.

Residents have access to the multigenerational BuhRein Estate’s landscaped gardens, running trails and a pool, plus retirement-

specific domestic and medical services (including dementia care).

OASIS LIFE CLARA ANNA FONTEIN, CAPE TOWN Clara Anna Fontein Lifestyle Estate in rural Durbanville offers a slice of farm life in the scenic Durbanville hills, with technologically advanced security.

Within this larger lifestyle estate, Oasis Life Clara Anna Fontein caters for retirees with one- to three-bedroom single-level homes with garages, gardens and braai areas. Priced from R2.38m to R5.75m, they’re available only on a life rights model.

Advantages include a quality suburban home close to nature, with views and the benefit of home maintenance by developer Rabie Property Group. Residents have access to the estate’s gym, heated pool, tennis and squash courts, as well as an Oasis clubhouse with exclusive amenities.

4. Country FONTEINE VILLAGE AT KLIPFONTEIN, MALMESBURY Located within a multigenerational estate,

modern Fonteine Village at Klipfontein Farm Lifestyle Estate is a new rural addition for investors aged 50 or older that capitalises on quality lifestyle amenities with Swartland country views. “Telecommuting is becoming more commonplace and people realise that peace, fresh air, space and a slower pace are very covetable,” says MSP CEO Riaan Roos of the demux-system integrated internet, DStv and on-call facility. Phase three of Fonteine Village’s full-title retirement homes with garages are priced from R1,899,900.

ZEVENWACHT LIFESTYLE ESTATE, STELLENBOSCH Zevenwacht provides everything a mature resident may want or need in a full title or sectional title model, so investors can benefit from property capital growth.

Adjacent to the vineyards of historic Zevenwacht Estate (residents’ discounts on wine and spa treatments are a plus), it offers Winelands

HOMEFRONT ON LIFE RIGHTS “People need to know they have a quality existence and a solid roof over their heads for the rest of their lives. A life rights option provides this in a more secure way than a sectional title scheme. It gives a buyer and their partner the right to live in a property until the end of their days, without concerns about extra or ever-rising costs.”

– Arthur Case, Evergreen Retirement Holdings brand marketing director “The life rights model is the most affordable way to buy into a privileged retirement lifestyle. You have a secure home for life, protected by the Retired Persons Act. You save on upfront costs: no VAT, transfer duty or registration costs and only mandatory legal fees.” – Natalie du Preez, Rabie Property Group marketing and communications manager “A life right will not increase in capital value the way buying a sectional title property will do – in fact, it’s more like purchasing a life insurance policy – but it can be far more affordable.

Ownership of a life rights complex always remains in the hands of the developer, which means the developer is responsible for all maintenance and upgrading costs.” – Cobus Bedeker, Evergreen Property Investments MD

Fonteine Village at Klipfontein Farm Lifestyle Estate near Malmesbury ocean, and an indigenous forest and Zimbali Country Club golf course on their doorstep. They enjoy a balance between privacy and community lifestyle with access to dedicated trails, conservation and wetland areas, a private gym with a heated pool and more. The estate also offers fibre connectivity and a business centre within a secure perimeter.

Phase two of Fig Tree Villas’ three-bedroom homes will be completed in November, priced from R5.295m.

Sentinel Hill apartments, for completion in 2021, are selling off plan from R1.795m a unit.

Langebaan Manor in Langebaan on the Cape West Coast

ON SECTIONAL TITLE

views and comfortable accommodation options ranging from lifestyle homes and independent living apartments to assisted living suites and frail care rooms. There is tennis, mountain-bike and running trails, plus a clubhouse with fireplaces, a library and a wooden deck for socialising.

“Sectional title opportunities gain capital appreciation and allow investors to gain a rental income. Those who invested in our earlier developments have seen as much as 30% capital appreciation from securing a unit to subsequent transfer.” – Taryn Fleming, Shoreline Sibaya spokesperson “Sectional title ownership allows the buyer to own their unit in the estate and also to sell, transfer or bequeath it. The owner is responsible for municipal rates and taxes and services, and for a general levy to cover the estate maintenance and expenses.

These levies differ from estate to estate.” – Aristy Economacos, Heritage Estate spokesperson “If someone buys an apartment at De Plattekloof for R1.5m and lives there for 10 years – if we apply only the national capital growth average of 5% – that apartment will be worth R2.443m in 2029. That is just shy of R1m in capital growth.”

– Johan Laubscher, Arun Holdings owner

ALSO TRY: LANGEBAAN MANOR, LANGEBAAN

Lazuli Lifestyle & Retirement Estate in Port Zimbali

Situated near the West Coast National Park, Langebaan is a popular West Coast attraction for sailing and kitesurfing.

As one of the country’s ornithological hot spots, its birdlife is another draw card. Construction of this sectional title retirement development is set to start in 2020. Investing in the first phases now means a pick of the best stands at launch prices and potential long-term growth.

5. Coastal LAZULI LIFESTYLE & RETIREMENT ESTATE, PORT ZIMBALI

Plettenberg Manor in Plettenberg Bay

In this KwaZulu-Natal sectional title luxury development, residents have panoramic views of the

SHORELINE SIBAYA, UMDLOTI Also on the popular North Coast, Shoreline is billed as the “ultimate coastal retirement opportunity” for active over-50s. Located in the Sibaya Coastal Precinct commercial and residential node, it’s five minutes from 6.5km of beach and close to Umhlanga Village. With 75% of Shoreline Sibaya’s homes sold via sectional title and construction under way, the first transfers take place in October. A key attraction is a planned on-site care centre. Outdoor garden areas include The Village Green for walking, tai chi or yoga; a food garden for green-fingered residents, a meditation garden and a healing garden for convalescent care.

ALSO TRY: PLETTENBERG MANOR, PLETTENBERG BAY A clubhouse for socialising and access to a private beach, hiking trails, a wetland, bird hides and bowling greens – this retirement estate in Keurboomstrand has it all.

Sectional title apartments with fibre connectivity are priced from R1.55m and luxury units from R2.695m.

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ULTIMATE RETIREMENT LIVING

ON SHOW With great passion and understanding of the needs of retirees, we are truly thrilled to showcase our offering of this beautifully decorated home, open daily for visitors and interested parties to view. It is the first completed home on the retirement estate, and a magnificent example of things to come at The Village.

The Village at Langebaan Country Estate, a place where lifestyle meets secure, stylish, affordable living in a vibrant community that combines residential, recreational and topnotch healthcare facilities so that you can truly enjoy the best years of your life.

Come and find your new home with us at The Village. Yours from R1 550 000 Investors will be afforded Life Right units.

OPEN FOR VIEWING: 09h00 – 17h00 Monday – Friday 10h00 – 16h00 Saturday, Sunday & Public Holidays

072 732 1900 | www.LCEvillage.co.za Unit 199, The Village, Langebaan Country Estate

R E T I R E M E N T | L I F E S T Y L E | C O M M U N I T Y | S E C U R I T Y | H E A LT H C A R E

Invest in a carefree retirement lifestyle Evergreen Lifestyle has earned an enviable reputation as South Africa’s leading provider of retirement living.

They take an all-round approach to caring for seniors, and the communities of healthy, happy retirees who call their villages home, speaks for itself. Evergreen offers a Partnership for Life promise that has served its residents exceptionally well.

PHYSICAL SECURITY

FINANCIAL PEACE OF MIND

CONTINUOUS SENSE OF COMMUNITY CARE

FOR MORE INFORMATION OR TO JOIN ONE OF OUR VIEWING DAYS CALL US ON 087 808 7000 TO RESERVE A PLACE. WE LOOK FORWARD TO WELCOMING YOU.

info@evergreenlifestyle.co.za

www.evergreenlifestyle.co.za

/evergreenlifestyle

@Evergreen_LV

FOCUS ON: BUH-REIN RETIREMENT VILLAGE

ADVERTORIAL

All-round retirement value With both independent living and assisted living apartments priced from under R1m, Buh-Rein Retirement Village has sold 100 units and counting WORDS AND PHOTOS: SUPPLIED

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aunched last year at award-winning Buh-Rein Estate in Cape Town’s Northern Suburbs, Buh-Rein Retirement Village is proving popular, with more than 100 apartments already sold. It caters for over-50s with 461 one- and two-bedroom independent living and assisted living units in three-storey buildings that include lifts.

“Both our independent living and assisted living apartments are priced from R919,900,” says Riaan Roos, CEO of the Multi Spectrum Property (MSP) group. “Most retirement schemes in the Cape focus on the uppermarket segment, despite the fact that retirees need to stretch their funds. Buh-Rein Retirement Village addresses this issue by offering well-priced sectional title ownership properties.”

The first residents will move in on August 1, with more apartment blocks set to be ready for occupation a month later. “All medical services will be available to residents from August 1, with the kitchen standing by to cater for them,” says Roos. “The gatehouse will be complete and the security and access system installed.”

The landscaping, too, has already been done, he says. “Large trees have been planted in courtyard areas, in addition to strategically

placed fountains. We’ve also developed a dog park where both residents and their pets can socialise.”

CARE OPTIONS Run by Medwell SA, the Care Centre at Buh-Rein Retirement Village includes options for frail care and memory care households – a bonus for families whose loved ones need dementia care. Bookings for these facilities opened on July 1, and the Care Centre will be operational from October 1.

Patients and family members will have access to the Dementia Bureau for guidance on what to expect when a decline in mental ability occurs.

Residents in the independent living apartments will benefit from monthly primary healthcare clinic services by a registered or staff nurse at the Care Centre, recuperative care for five days a year per unit at no additional charge (terms and conditions apply) and 24-hour Call4Care monitoring and emergency alert services, as well as 15% discount on permanent accommodation in the Care Centre.

Other facilities available to independent living residents include certain laundry and domestic services, and four main meals per unit per month at either of two à la carte restaurants at the clubhouse. Assisted living residents will have access to the above but get 16 main meals per unit per month.

CONVENIENCE Besides the two eateries, the clubhouse offers a heated pool; a wellness salon; a hairdresser, beautician and massage therapist; a gym; a deli, a library; a bar/refreshment area; a courtyard and a lapa with braai facilities; and a hall accommodating 500 people.

“The greater Buh-Rein Estate also has a family restaurant, a pool, an openair gym, a running trail, 24hour security and a sports field. A shopping centre will be completed by November 2020 for even more convenience,” says Roos.

“Like with the rest of the estate, MSP keeps the needs of its residents in mind and incorporated the latest trends into this scheme.”

A fully furnished twobedroom show apartment is available for viewing.

GET IN TOUCH Buh-Rein Retirement Village Tel: 083 668 0762; 081 580 1419; 082 466 0217 www.buhreinretirement.co.za

HOMEFRONT

Fynbos, developed by Balwin Properties, in Cape Town's Big Bay

HOT TOPIC

New post-election opportunities SA’s property market may lack momentum following the recent elections, but it presents an opportunity for first-time buyers to get a foot in the door and the demand for rental homes is picking up WORDS: MIRIAM MANAK :: PHOTOS: SUPPLIED, NATASHA LASSEN AND SHUTTERSTOCK

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Cape Town's Atlantic Seaboard is sought after for long-term rentals

outh Africans remain positively cautious after the elections.

Reports show people are holding off on buying homes and turning to rentals instead while waiting out the current climate. Yet the property market is also experiencing an upturn in first-time home sales now that banks are affording home loans more frequently.

The latest FNB Property Barometer shows values of low-income homes, classified as units with an aver-age purchase price of R395,000, increased by 16.3% in May – almost four times the current consumer price index (CPI) of 4.5%.

Lower- to mid-income homes – those with an average purchase price of R638,200 – jumped

by 6.8%. Growth in other value bands has been slower, however.

“The middle segment, which corresponds to homes at an average purchase price of R935,000, registered growth of 4.2%,” FNB analyst Siphamandla Mkhwanazi states in the report. This is 0.3% less than the current CPI. Upper-income property, with an average purchase price of R1.3m, and luxury value bands, with an average purchase price of R2.3m, registered yearon-year growth of 3% and 0.8% respectively.

NEW CONFIDENCE Rui Magalhaes, director of accounting firm First Wave Financial Services and shareholder of Mizolux, which owns the condominium complex

Bedfordview Frontier in Johannesburg, expects SA’s property market to improve further thanks to the elections.

“Since May, the number of people visiting and enquiring at our sales office has increased significantly,” he says. “I think people were waiting to see how the political situation plays out and how effective president Cyril Ramaphosa’s plans for economic turnaround are.”

Jessica Hofmeyr, sales, rentals, marketing and operations executive at Century Property Developments, reports a similar scenario postelection. “We have seen a lot more pen to paper and clients who had been on the fence have now committed,” she says.

Pam Golding Property Group CEO Andrew

HOMEFRONT

OPTIONS FOR FIRST-TIMERS

Acorn Creek, a Multi Spectrum Property development in Somerset West

First-time buyers have plenty of options to choose from under the current market conditions: - Anyone on the hunt a well-priced unit in a sustainable security complex in Cape Town would do well to look at Fynbos, Balwin Properties’ lifestyle estate in Big Bay. These modern apartments are fibre-ready and feature solar panels, prepaid electricity meters and builtin kitchen appliances. The development has plenty of lifestyle facilities, including a gym, an outdoor fitness area and a squash court. Prices start at R859,900 for a one-bedroom apartment with one bathroom.

- Multi Spectrum Property’s Buh-Rein in Cape Town’s Northern Suburbs remains an attractive location for buyers who are new to the property market. At Blue Lily Lane, one of the development’s latest estates, a two-bedroom apartment with one bathroom, a fitted kitchen with granite tops, a Bosch gas hob and an electric oven and one undercover parking bay is priced from R1.15m. The best part? The purchase price includes all bond registration and transfer costs, saving buyers about R63,000.

Bedfordview Frontier in Johannesburg

“We have seen a lot more pen to paper and clients who had been on the fence have now committed” Jessica Hofmeyr, sales, rentals, marketing and operations executive, Century Property Developments

Golding is equally optimistic. Since 1994, the Pam Golding Residential Property Index has shown an acceleration in house price growth in the months after every general election. But this will not happen instantaneously, he cautions. “While it is expected that, in the wake of the favourable elections outcome, the residential property market will rebound, any significant recovery is only likely to materialise in the later stages of the year after the seasonally quiet winter months,” Golding says.

According to analysts, the elections are not the only consideration when talking about the future of the country’s property sector.

The possibility of a repo rate cut when the Reserve Bank’s monetary policy

committee meets later this month is another factor.

FIRST-TIMERS’ MARKET Looking at growth nodes within the property sector, the FNB June 2019 Property Barometer suggests the current market is favourable to first-time buyers. The data shows this group made up 22.7% of all property purchasers in Q1/2019 – a 17.6% increase compared with Q1/2018.

Craft Homes MD Reinier van Loggerenberg confirms this. “Although the firsttime home buyers’ market with purchase prices of about R1m has been extremely active for the past two years, I definitely think there has been a more positive sentiment move since the elections,” he says. “It is an investor market. The current climate

really is only beneficial for first-time buyers.”

Magalhaes says this trend is boosted by banks’ willingness to afford home loans. “They have opened their wallets to make it easier for aspiring homeowners to get finance.

Sure, the National Credit Advisor has strict rules and regulations on affordability, but we find that if your documentation is in order financial institutions are favouring most applications.”

He says Bedfordview Frontier has had a lot of interest from first-timers lately. “Most popular are the two-bedroom units with two bathrooms. Our three-bedroom units, which measure 127m2, are popular with mature buyers and those scaling down.”

Golding attests that, despite pressures such as

high inflation and fuel price hikes, first-timers are set to do well this year and boost the demand for smaller sectional title properties.

“First-time buyers are a strong potential source of demand for the market. In areas where market price corrections have improved the perceived affordability of a property, time on the market is declining and buyers are showing a willingness to purchase.”

When it comes to location, many entry-level purchasers prefer units in busy nodes. In Gauteng, these include Fourways, Waterfall and Pretoria East.

Proximity to work is the biggest factor. “Transport has a big impact on people’s finances. The closer they can live to work, the more popular the unit,” says Van Loggerenberg.

Price also dictates the type of property a firsttimer buys, and where.

“Apartments come in at a better price point.

Two-bedroom units with two bathrooms are very popular,” Van Loggerenberg says. “Waterfall Ridge offers great investments.

We've sold more than 200 units over the past eight months in that development.

Stonefields, which suit families more, is doing well too.”

RENTING, NOT BUYING Despite cautious optimism, many South Africans still prefer renting over buying.

The PayProp Rental Index for Q1/2019 revealed a quarterly year-on-year rental growth rate of 3.7%. Economic volatility and pressure on incomes are two drivers of this phenomenon.

HOMEFRONT “In areas where market price corrections have improved the perceived affordability of a property, time on the market is declining and buyers are showing a willingness to purchase” Andrew Golding, CEO, Pam Golding Property Group

RENTAL OPPORTUNITIES Waterfall Ridge, a development by Craft Homes, in Midrand

As the demand for rentals grows, so does the offering: - On any given day, Angor Property Specialists in Gauteng has more than 150 rental units available on its books, from villas with lavish gardens to convenient lock-upand-go apartments.

Townhouses in secure lifestyle estates such as The Polofields Waterfall between Kyalami and Sandton are popular

too. At The Polofields, a rental of R14,500 a month gets you an ultramodern twobedroom unit with two full bathrooms, a large open-plan kitchen and a living area that leads onto a covered balcony.

The complex comprises a lifestyle, fitness and entertainment centre, indoor and outdoor gyms, a pool, games rooms, a cinema, a restaurant, kids' play areas and a convenience store.

- Besides selling homes, property developers like Renico Construction also let properties. Its recently completed Kingswood residential complex just off Beyers Naudé Drive in Randpark Ridge offers various options suiting any rental budget.

The two-bedroom apartments here, each with two bathrooms and a massive kitchen with space for four appliances, start from R7,200 a month.

Industry players report an upturn in the rental market in Cape Town's City Bowl

“Reluctant buyers holding off purchasing a property ultimately need to live somewhere and we’ll likely see an increasing demand for rentals, which will push up prices and lead to a further rental market recovery in 2019,” says PayProp head of data and analytics Johette Smuts.

Hofmeyr, too, has noticed this trend. “Many of our clients have decided rather to remain liquid in the current economic climate,” she says.

Renting can also make sense for people seeking the perks of a luxury lifestyle.

Hofmeyr says their villa

units in Waterfall Country Estate, selling for R8m, are a case in point. “This would equate bond repayments of R80,000 a month, plus levies, rates and taxes. If you rented it, you’d pay R38,000 a month on average. This includes levies, rates, taxes and all maintenance costs.

It really is a no-brainer. One can have a luxury lifestyle at half the price when renting.”

The residential rental market is as robust in Cape Town as in Johannesburg, if not more. The PayProp index shows the Western Cape achieved the highest average rental last year. At R9,124 it is

18% higher than the national average and R1,000 (12%) more than that of Gauteng.

Dexter Leite, Pam Golding Properties rentals manager for the Cape Town metro, confirms the healthy rental market in the Mother City.

“The Atlantic Seaboard and City Bowl have had to deal with an influx of investors entering the Airbnb market in recent years,” he says.

“Many of them found their way onto the long-term rental market as these ‘short-term’ investment properties have not had the desired short-term uptake.”

BUY TO LET With such a demand for rentals, it may be a good idea to buy to let, especially if you strike a good deal.

Studying the market well beforehand is a must, says Golding. A general view of the entire market is often not necessarily advisable or accurate because various provinces, regions, cities and sectors perform differently.

“For example, there is a shortage of accommodation for students and retirement developments in different parts of the country,” he says.

“As a result, activity is likely to be brisk in these market sectors despite the subdued conditions in the broader national housing market.”

Hofmeyr agrees.

“You need to look at the demand requirements. The apartment market at the moment is flooded in many parts of the country. I would not suggest purchase an apartment but a cluster or a vacant stand within an estate,” she says. “Estate facilities are becoming more and more important, as are security requirements.”

HOMEFRONT PROPERTY NEWS

2019 Sapoa Property Development Award winners

T

he 2019 winners of the Sapoa Property Development Awards for Innovative Excellence were announced in June.

The awards recognise work by property owners, designers, engineers and visionaries in SA. The overall winner was Discovery Joint Venture, also the winner in the Corporate Office Developments category. Discovery Head Office was developed in a

joint venture by Growthpoint Properties and Zenprop Property Holdings in Sandton, Johannesburg.

It houses almost 7,500 people on 112,000m² of gross lettable area in an eight-storey structure above a parking basement accommodating 5,667 cars.

Rabie Property Group’s Sable Park in Cape Town’s Century City (right) won the Commercial Office Developments category.

Designed by dhk Architects and constructed by WBHO, Sable Park consists of two buildings – the one is 8,300m² and the other 8,000m². Completed by end-2018, this development received a five-star rating from Green Star SA and has attracted prime tenants.

Discovery occupies the larger of the two buildings, whereas MTN, ICLEI, Byte Orbit, Sasfin and TAL share the second structure.

Thavhani Mall in Thohoyandou, Limpopo, scooped the award for Rural and Small Town Development. The 50,000m² regional mall opened in 2017, introducing the largest retail selection in the region with 140 stores. It was developed by Flanagan & Gerard Property Development & Investment, Thavhani Property Investments and Vukile Property Fund.

Best agency and best eco-warrior

P

am Golding Properties was recognised as the Best Estate Agency SA for the 12th year in succession at the International Property Awards (IPAs) held in London. The company was also awarded Best Real Estate Agency Marketing SA and Best Real Estate Agency Website SA.

Pam Golding Properties now competes for the regional award for Best Real Estate Agency Africa and, if successful, for the international award World’s Best in this category.

“In this highly competitive, ever-evolving industry, coupled with ongoing technological advances, retaining a leadership

position requires constant innovation, dedication and flexibility across all spheres of the business,” says Pam Golding Property Group CEO Andrew Golding.

Pam Golding Properties has also been sponsoring awards locally — its Eco-Angel Award at SA’s Eco-Logic Awards 2019 aims to drive green

consciousness among consumers and to integrate a green agenda into future residential property. The awards acknowledge South Africans or organisations for ecological products, services or initiatives.

The winner of this year’s Eco-Angel Award is environmental activitist Rhian Berning from

Plettenberg Bay. Berning’s online platform Eco Atlas empowers citizens to vote with their wallets for a better planet.

She also initiated Renew Able Plett, a campaign with Ecobrick projects at schools that also incentivises businesses and the public to stop the scourge of singleuse plastics. In addition,

Berning built herself a new off-the-grid home after the Garden Route fires of 2017.

Pam Golding Properties head of strategy Anthony Stroebel says Berning and other local innovators are “actively promoting a more sustainable world and finding solutions to the earth’s most pressing environmental challenges”.

Invest in Mauritius from about R3.5m R8.2m warehousing S facility for Denver ince recent changes in the Mauritian government’s property investment legislation made it easier to invest, foreigners have been streaming to the island.

Foreign buyers can now purchase property in popular developments close to the ocean, starting from R3.3m (about MUR8m).

Severine Pietersen of Seeff Mauritius says an Economic Board of Development report shows that by September 2018 2,737 units were sold to foreigners, of which 22% were from SA. “There are also many South Africans who live in Mauritius on work permits and as professionals or who have invested in schemes.

Most of our long-term rentals are also to South African tenants,” she says.

L

Pietersen says South Africans tend to invest in properties priced between MUR8.5m and MUR20m (about R3.47m and R8.2m).

Among the most popular developments starting from R3.5m, she rates KI Resort in the north (above), Mon Tresor in the south and Cap Tamarin in the west.

“We’ve noticed South African investors want to move here as soon as they find out they can acquire a property for a minimum of just MUR6m [about R2.5m],” says RE/MAX 24 Mauritius broker-owner Errol Areington. “As a foreign investment, this is one of the most affordable options.”

Most nonresident buyers prefer to let on a long-term lease, says Areington, or they can place their property in a rental pool.

He cites Black River and Grand Baie as investment hot spots. “Black River is traditionally where foreigners holiday and is now considered an elite area.”

eading JSE-listed Reit Emira has invested R8.2m in a refurbished warehouse facility located in the popular industrial hub of Denver, Johannesburg.

“We have identified a need for affordable, modern and convenient warehousing space and the Denver property addresses this perfectly,” says Emira Property Fund COO Ulana van Biljon.

Located in an established industrial area with easy highway access, security and ample electrical power, the new facility offers contemporary warehousing of nearly

9,800m2, including more than 1,000m2 of comfortable office space with a new entrance. A courtyard bridges the office and warehouse space, and both zones were fitted with energy-efficient lighting to lower occupancy costs.

“What makes this upgraded industrial facility even more attractive are the affordable rental costs and generous tenant allowances,” says Van Biljon. “It goes beyond being just another industrial property in terms of appearance, as well as the latest in warehousing tech – all in step with business needs in today’s economy.”

R600m retail boost for PE’s Boardwalk precinct

T

he retail area of Boardwalk Casino and Entertainment World in Port Elizabeth will be upgraded and extended in a R600m redevelopment project next year. Flanagan & Gerard Property Development & Investment and Moolman Group have signed this agreement with Sun International subsidiary Emfuleni Resorts.

This project will more than double the retail space in the precinct when it relaunches in 2021.

Boardwalk Casino and Entertainment World is a short walk from Hobie Beach and currently comprises the Boardwalk Casino and five-star Boardwalk Hotel, as well as conference facilities, existing retail and a cinema complex.

The Boardwalk precinct’s retail component will increase to 26,000m2 and includes the new Sun Park Square, where major events will be hosted.

With 17ha available for redevelopment, the Boardwalk Mall is only the first phase. In addition, a total of R11m will be invested in upgrading surrounding roads.

Call: 010 597 1040 | sales@steyncity.co.za Mark: 082 559 2989 | Leanne: 072 078 9562

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