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TUESDAY 18 February 2020 | Tel: 021 910 6500 | Email: post@peoplespost.co.za | Website: www.peoplespost.co.za
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People’s Post
PINELANDS
Launch of Conradie Park
NETTALIE VILJOEN
P
hase one of Conradie Park, billed as South Africa’s first, fully integrated, mixed-income, mixed-use development, was launched last week, on Thursday 13 February. Speaking at the launch held on the grounds where the old Conradie Hospital once stood in Pinelands, Toni Enderli, founder of Realtor of Excellence, said this project was not just another commercial development. “This is a partnership between Concor (a construction company) and the Western
EL ED
Cape government to create a community,” he said. Besides residential units, the 22ha site will include three creches, two schools (Grade R to tertiary), extensive pet-friendly parks, foot and cycling paths as well as 10 000m² of retail and, initially, 14 500m² of commercial space. The provincial government describes the project as one of seven provincial “game changers” aimed at providing affordable housing close to jobs while redressing apartheid-era spatial challenges. The R3 billion mixed-income housing development is set to deliver more than 3 500
residential units of which 49%, according to the human settlements department, must be allocated to grant-funded housing, consisting of social housing and FLISP (Finance Linked Individual Subsidy Programme) housing units. The remaining 51% will be available to the open market. The construction of phase one, called Kirstenbosch and comprising 99 units, will start in March with occupation set for early 2021. Enderli said, usually, developers wait for all of the units to be sold before construction starts, but Concor was already on site, laying down infrastructure.
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“This shows how much faith we have in this project,” said Enderli. While phase one – with units starting from R999 999 for a studio apartment (35m² to 37m²) to R2 899 999 for a two-and-a-half bedroom apartment (95m²) – is likely to pique investors’ interest, it is the release of the subsidised units that will have many members of the public sitting up in their chairs. Starting at R500 000, the subsidised units will be launched within two months. Conradie’s head of sales, Wayne Lawson, says the development is an incubator for growth. V Continued on page 2.
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