Neighbourhood DBN - 05 March 2017

5 MARCH 2017

Neighbourhood PROPERTY & LIFESTYLE

King of the North Sibaya Coastal Precinct to become the most sought-after address in the North Coast, page 2

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SUBURB FOCUS: SIBAYA COASTAL PRECINCT

4

BUSINESS Q&A

6

PROPERTY NEWS

2

PROPERTY NEWS

5 MARCH 2017

Neighbourhood

Suburb focus

Sibaya Coastal Precinct Here’s what’s happening in property in the area WORDS: MEGAN DEANE

IMAGES: SUPPLIED

T

he Sibaya Coastal Precinct is an area of great interest in KwaZulu-Natal, whether you are a developer, an investor or a family looking for a change. Situated along the North Coast between Umhlanga and Umdloti, this sugar cane area is seeing huge changes happening that will boost region’s economy, create jobs and craft an entirely new lifestyle.

while seamlessly integrating with an environment of unequalled natural endowment including river frontage, access to a vast and pristine coastal forest and bordering arguably the best stretch of coastline on the KwaZulu-Natal east coast,” says Rory Wilkinson, planning executive: Sibaya Coastal Precinct, Tongaat Hulett Developments.

Launched through Tongaat Hulett Developments, the Sibaya Coastal Precinct is set to build up a thriving area that connects people to the important things in life, such as their families, the community and the neighbourhood’s stunning natural surroundings. The fact that the construction of the buildings will work with the incredible landscape of the area is what makes this precinct so unique.

OceanDune Sibaya, the first residential development to launch in this area at the end of 2015, sold out its apartment offerings in a mere four months.

The exquisite Signature Sibaya development, launched last year, sold 80% of its plots purely through word of mouth. The interest in this area doesn’t stop there. The newest residential development offering luxury resort-style apartment living, Pebble Beach Sibaya, has also racked up immense interest from investors.

“Sibaya Coastal Precinct boasts the most sought-after address on the KwaZulu-Natal North Coast, whether this be for business, pleasure or living. Just minutes from the King Shaka International Airport, the business hub of Umhlanga and the Durban CBD, this emerging new precinct inextricably links people to the greater metropolitan network,

PEBBLE BEACH SIBAYA

NATURE NEARBY:

Sibaya Coastal Precinct boasts a unique coastal lifestyle and beautiful areas of nature. It’s set to create a work-live-play ethos for its residents.

With close proximity to schools in the North Coast area, easy access to the M4 and N2 and being so close to the beach and other amenities, this budding node is one to keep an eye on.

• 350ha of forest • 6,5km of beach boardwalks • 75km of trails, paths and boardwalks

BEST IN FOOD: • Royal Court Grill at the Royal Sibaya Hotel: for top-class food • A2A: for a great buffet selection • Aqua: for fine seafood dining

AREA ATTRACTIONS: • Sibaya Casino and Entertainment Kingdom • Mangwanani African Spa • The nearby beaches at Umdloti • The popular Gateway Theatre of Shopping nearby

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5 MARCH 2017

Neighbourhood

For sale in Dolphin Coast

R4,5m R2,48m For an apartment

R18,000

For a typical rental property (three-bedroom apartment)

R3,12m

R15,890

For a house

house

Monthly bond repayments For a typical property in this area.

33%

apartment You’ll pay

R11,040

In a complex

Property type 58%

3

Median monthly asking prices

For a typical property (four-bedroom house)

In a c omplex

PROPERTY NEWS

For rent in Dolphin Coast

Median asking prices

R2,5m

For an apartment

R18,500 For a house

Property type 35%

9%

house

complex Based on

59%

6%

apartment

over a period of

at

complex

R44,927

R4,5m

20

10,5%

per month

median asking price

years

prime

SIBAYA CASINO AND ENTERTAINMENT KINGDOM

OCEANDUNE SIBAYA

Agent Insight Local property experts give us the inside scoop on Sibaya Coastal Precinct

What type of lifestyle can we expect to experience within the Sibaya Coastal Precinct?

What makes the Sibaya Coastal Precinct so attractive?

What developments can we look farward to at Sibaya Coastal Precinct?

Being so close to the town of Umdloti, residents can zip down for a surf, or just tan and relax on the pristine beaches, or alternatively park off and enjoy the many great restaurants that line the promenade.

Ballito, La Mercy and Umhlanga are but a stone’s throw away, offering an abundance of choices for all residents.

The new Sibaya Coastal Resort will also offer so much that many will choose to stay within the new precinct.

The perfect location allows buyers the opportunity to own a home in a tranquil and scenic area with spectacular ocean views and easy access to the beach, while at the same time offering the convenience of hot spots such as Umhlanga Village, Gateway, Umhlanga Ridge and the airport for leisure and business purposes. Its coastal position and proximity to amenities are what make Sibaya such an attractive location.

Three developments are almost sold out: Signature, an exclusive estate, will comprise 45 beautiful homes, all with sea views; and Pebble Beach and OceanDunes, both apartment blocks. There are several other sectional title developments planned with mixed-use components.

The last seafront development will be released in April, Coral Point, which will be prime residential apartment living in a resort-style development.

Johnny Mutton

Clynton Olds

Carol Reynolds

RE/MAX DOLPHIN

CONSTRUCTION ID

082 452 5524 jpmremax@mweb.co.za remaxdolphin.co.za

076 144 7241 clynton@constructionid.co.za constructionid.co.za

PAM GOLDING AREA PRINCIPAL 082 802 2788 carol.reynolds@pamgolding.co.za

pamgolding.co.za

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PROPERTY NEWS

5 MARCH 2017

Neighbourhood

My business neighbourhood Owner Amanda Jaffar gives old, weird and wonderful clothing a new lease of life at The Vintager at the Station Drive Precinct WORDS: MEGAN DEANE

IMAGES: SUPPLIED

restoration. The push came when I couldn’t fit all my treasures into my house after moving. So my husband, Na’aim, suggested I either set up a shop or sell online.

Q: Why did you choose this area to set up shop?

A: Station Drive is a creative mecca.

There are makers, designers, marketers, foodies, breweries and entrepreneurs. It’s a place to collaborate and engage with like-minded entrepreneurs, and is a natural fit for The Vintager.

Q: How did you find your premises?

A: T hrough Lisa Dolan, who worked for an agency within the precinct.

Q: Why are the premises ideally suited to your business?

A: T he store is eight minutes away and is located within a creative hub. There’s an energy about the precinct that’s aligned with my and Na’aim’s passion for our businesses.

T

he Vintager deconstructs old items and restores them into something new, unique and purposeful. Amanda Jaffar tells more about the business.

Q: How did your business start?

A: We’ve been collecting and consciously rescuing items for

Q: Who are your neighbours?

A: We have the best neighbours: The Plant, home of The Morning Trade; Con Amore, which is the home of Scout – our men’s collaborative retail experience; The Station; and The MakerSpace, just to name a few.

Q: D o you have any expansion plans?

A: We have, across the road! We recently opened the men’s collaborative retail space, Scout, which is located inside Con Amore.

Dedicated to gentlemen, the store is home to Bespoke Industrial, Mr Vintager, Refurb, Savage Jewellery and Spine Clothing.

Q: D o you operate online as well?

A: T he Vintager website will go live this month, but we do have active social media pages.

Keep your eyes on our social networks for the launch.

Q: What’s your most popular item?

A: I would have to say the vintage industrial items are getting the attention they deserve.

We love collecting industrial treasures, so the store always has unique items that are functional statement pieces.

SEE FOR YOURSELF: Q: What are the shop rental/ sales prices like in this area?

A: Rent is comparative to other retail areas. Most retail spaces charge per square metre.

Home is where the heart is.

Find yours now.

Search 1000’s of fresh properties everyday.

Q: How many people go through your store each day?

A: Weekends and First Thursdays are vibrant, with happy Durbanites visiting our street.

We’ve also experienced a large number of tourists.

A home for everyone www.privateproperty.co.za

The Vintager 082 363 4444 facebook.com/TheVintagerSA

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PROPERTY NEWS

5 MARCH 2017

Neighbourhood

2017 Budget: good news for first-time homebuyers

F

inance minister Pravin Gordhan’s Budget speech on 22 February has brought with it some encouraging news for the real estate market.

of the threshold for transfer duty exemption is the most positive and welcome outcome. It will certainly enable more first-time homebuyers to get onto the property ladder.”

The increased threshold for transfer duty – up to R900,000 from R750,000 – is positive news, says Andrew Golding, CEO, Pam Golding Properties, as it provides some relief for firsttime homebuyers. “This aspirant sector of the market is a key driver of South Africa’s residential property market, solidly underpinning activity, particularly in metropolitan hubs which increasingly draw a younger generation of homebuyers wanting accommodation close to the workplace,” he says.

Herschel Jawitz, CEO, Jawitz Properties, adds: “Often, firsttime buyers qualify from an affordability point of view but don’t have enough for the transaction fees or deposit to buy a property.

This will make a difference.”

Samuel Seeff, chairman, Seeff Properties, concurs: “The raising

The advantage of building is that you get exactly what you want, built to the specs that suit your personality, style and budget, as well as the ability to prepare the house for future technical or ‘green’ upgrades DEANNE HAMILTON, AGENT, RE/MAX PANACHE

Another welcome move by Gordhan is the increased investment in infrastructure and transport networks, as well as in integrated urban development projects and township precincts. “This helps to provide a catalyst for growth in the housing market,” says Golding.

The property sector knows it has a substantial contribution to make in rapidly reducing emissions. It is taking action by designing, building and operating buildings in ways that are better for the environment.

DORAH MODISE, CEO, GREEN BUILDING COUNCIL OF SOUTH AFRICA

Foreigners can buy apartments in Mauritius

I

t has taken almost six months, but the Mauritian government has now amended the island’s Non-citizens (Property Restriction) Act to make it possible for property investors from South Africa – and elsewhere – to buy apartments outside of the Integrated Resort Scheme, Real Estate Scheme and Property Development Scheme developments that were specifically designated for foreign buyers.

In addition, the minimum investment amount has been dropped to MUR6m, the equivalent of around R2,2m at current exchange rates.

allowed to buy apartments in any building or development that is more than two storeys high (G+2) and not built on the ‘Pas Geometrique’ (leasehold) land that makes up most of the island’s coastal front line.

“Foreign buyers will still need to be registered with the Mauritian Board of Investment and obtain a security clearance,” says Berry Everitt, MD, Chas Everitt International Property Group, “but after that they will be

“This type of investment will not come with an automatic right of permanent residence in Mauritius, but it does open up a relatively inexpensive avenue of offshore diversification for South Africans.”

“They will not need an occupation permit, residence permit, or permanent residence permit to buy an apartment – and in fact they will be allowed to acquire several apartments as buy-tolet investments if they wish and rent them out to holiday-makers or longer-term tenants.

A few units left at New Court at Steenberg in Tokai, Cape Town

T

here’s a great investment opportunity for those looking to downsize to a high-end security estate. Situated at 72 Zwaanswyk Road, Tokai, Cape Town, the 1,6ha site, design and development of New Court at Steenberg (NCS), is a prime example of what many South Africans are looking for: to downsize while not compromising on comfort or security.

Mike Deacon, director, property developers Equity Estates Cape, says: “The development has been completed and there are only a few units that remain unsold.”

NCS consists of 18 double-storey units, with generous proportions.

It is very secure with a single entry/ exit, manned 24/7; perimeter electric

fencing; CCTV cameras and off-site monitoring. Two boreholes were sunk to manage the imposition of severe water restrictions.

A full-time estate manager permanently resides on site to supervise the property and look after all the residents’ needs.

NCS has landscaped gardens, a parklike environment, and mountain and Constantia Valley vistas. The development has a village feel thanks to the architect’s design that creates a community, not a townhouse project.

The duplex units are priced from R8,59m, including transfer, and are sold on sectional title.

Planning to build?

There are several things to consider when planning to build a new house WORDS: CANDICE BOTHA

IMAGE: ISTOCK

W

ith new residential developments launching in KZN every month, many people are choosing to build a new house rather than purchase an existing one. “The advantage of building is that you get exactly what you want, built to the specs that suit your personality, style and budget, as well as the ability to prepare the house for future technical or ‘green’ upgrades,” says Deanne Hamilton, agent, RE/MAX Panache. “Many estates have a design theme, so make sure it suits your personal taste. Build a home similar in size to the others being built around you and, if it’s an upmarket area, make sure your finishes are good quality so that you achieve optimum return on investment should you wish to sell in the future.”

Although the cost of building is rising, especially with more stringent energy policies and building codes, there are savings to be had. “When building, one can often find the land to purchase under R750,000 and

not incur transfer duty on the land price,” says Michele Wilson, director, Seeff Hillcrest and Kloof. “This is a big saving. If the buyer has their own cash, the end product is also free of transfer costs. Likewise, if the person building goes through a developer there’s no transfer duty applicable.”

When buying from a developer on a new estate it is essential to check their credentials. “Ensure the development has a strong professional team who have been supported by a reputable land surveyor and that all engineering work and construction is being carried out by respected civil engineers,” Wilson says. “Also be fully aware of the criteria around the mother bond on the development which involves a certain set amount of sales being secured by the developer before the development can begin.”

Hamilton suggests choosing a plot with a good location. “Even in estates there will be some areas more sought-after than others, so rather buy the land

that seems higher priced at the time of purchasing. Down the line you will achieve a better return on investment due to the location of the site.”

According to Deanne Hamilton, agent, RE/MAX Panache, middle-class to upper-class building costs average between R9,500 up to R15,000 per square metre plus the cost of the land on which the house is to be built. The average forecast growth in nominal house prices this year was approximately 5% to 6%. Residential construction is most expensive in KwaZulu-Natal and increased by approximately 7,5% year on year – first year 2016 (as per Stats SA).

Michele Wilson, director, Seeff Hillcrest and Kloof, says building costs in those areas are currently sitting at anything between R7,000 and R7,500 per square metre for standard builds.

However, in the upmarket estates/golf course estates/equestrian estates the building costs are anything between R8,000 and R12,000 per square metre dependant on architectural designs and conformance to estate specifications.

16519/E

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BUH-REIN ESTATE

CAPE TOWN - NORTHERN SUBURBS

C H A N D E L L E A PA R T M E N T S

From

R809 900

2

1

1

54 m²

Chandelle is situated in the acclaimed Buh-Rein Estate and is bordered by a public open space on the west and a multi-purpose sport field on the northern side. These trendy apartments are affordable and offer exceptional value for money.

Amazing finishes are standard.

sales@msp.property

021 801 5400

ACORN CREEK LIFESTYLE ESTATE

HELDERBERG - SOMERSET WEST

PHASE 2 NOW SELLING

From

R2 249 000

3

2.5

1

175 m²

Acorn Creek is situated in the spectacular Helderberg region of the Western Cape. It is a place where you can be at your ease and do those things that you really please. The surroundings offer beautiful mountain trails, prestigious golf courses, innumerable wineries and stunning beaches.

Melissa

072 920 0593

ZEVENWACHT LIFESTYLE ESTATE

CAPE TOWN - ZEVENWACHT

OPEN DAY 5 MARCH 2017

I N D E P E N D E N T L I V I N G A PA R T M E N T S

From

R949 900

1

1

1

47 m²

Situated in the Cape Winelands, Zevenwacht Lifestyle Estate offers its residents the epitome of luxury retirement living.

Embodying South Africa’s abundant natural beauty, this region offers spectacular views, temperate weather and an endless array of activities to explore.

Sunette Schlemmert

082 656 2852

LIFESTYLE E STATE

RETIREMENT HOMES

From

R3 199 900

2

2

1

142 m²

Whether you choose a free-standing lifestyle home or an apartment, our market-leading, 24-hour nursing care will provide the peace of mind you need to live life to the full and enjoy the retirement you’ve earned.

Francois Schlemmert

082 441 6031

LIFESTYLE E STATE

Z E V E N WA C H T L I F E S T Y L E E S TAT E O F F E R S Y O U : Care Center Access to home care available at request as and when required by prior arrangement with the Care Services Provider situated at the Care Centre. Included in the levies for all residents living within the Independent Living Apartments. Also available to residents of the Lifestyle Homes, at an additional cost.

• 24-Hour Care Centre • Dining Room, Social Interaction, Domestic, Laundry and Concierge Services Clubhouse • Home Nursing Care

Other Services include: • Clubhouse, Library • Security • Call4Care • Patronage Card at Zevenwacht Wine Estate

LIFESTYLE E STATE

021 801 5400 msp.property sales@msp.property

The images, perspectives and finishes shown in the advertisment are merely impressions of the proposed development and are therefore subject to change at the developer’s discretion. The developer will not be held liable for any changes.