Housing in Southern Africa March 2015

Housing

sugar belt

Provincial Government, is charged with the responsibility of developing the province’s biggest infrastructural project. Considered one of South Af- rica’s top 10 investment opportuni- ties, this officially declared Industrial Development Zone (IDZ) is geared to promote foreignand local investment. The precinct is strategically situ- ated in KwaZulu-Natal’s eastern seaboard. The 2 840 hectare devel- opment is ideally positioned half an hour fromAfrica’s busiest cargo port, DurbanHarbour, and90minutes from the Richards Bay Harbour. The Dube TradePort takes ad- vantage of its prime location as the only facility in Africa combining an international airport, dedicated cargo terminal, warehousing, offices, retail etc and with all this expansion offers many job opportunities in this thriv- ing region. Annandale concludes, “The short- age of suitably serviced available land in the greater Tongaat area continues to hamper the supply of Affordable Housing in the price range below R620 000. With the north bound development trend now firmly estab- lished in the greater Durban area, it is anticipated that this development will add to this momentum and pro- vide people with a suitable alterna- tive to avoid lengthy commuting.” ■

mand in the area.”The professional team includes: Land Surveyor: Kim De Villiers & Associates; Surveyor: Precise Surveys; Structural and Civil Engineers: Thekweni Geo Civils CC; Geotechnical Engineer: Drennan, Maude & Partners; Town Planner: Hennie Naude and Associates; and Environmental Consultant: Sivest. Amongst the challenges that the experiencedprofessional teamhad to contend with was the lengthy delays before the land proclamation, rezon- ing and environmental approvals were given. The process took almost five years to complete. The developer has now com- menced installation of bulk services and infrastructurewith the Ethekwini Local Municipality. The economic development in this region has stimulated job op- portunities and with the King Shaka International Airport only 8km from the development, the airport which is almost three times bigger than Durban has five times as many retail stores. Dube TradePort Corporation, a business entity of the KwaZulu-Natal

the northern urban edge of Tongaat and is adjacent to the western part of Hambanathi. The Tongaat River forms the northern boundary and the residential suburb of Gandhi’s Hill is on the southern tip. Shield Homes have been building since 1988 across the economic and residential spectrum. Ian Christie, CEO of Shield Homes says, “We wel- come the opportunity to continue our long standing relationship with Ned- bank Affordable Housing who are the most innovative providers of finance in the Affordable Housing space.” Japie Van Rensburg, CEO of Zevoli 208 added, “We are pleased that the project is now able to be launched after six years of obtaining the neces- sary approvals.” Belinda Schoeman, Project Manager at Zevoli 208 says, “We launched sales of the freehold units in January 2015 and with the strong demand the 77 have almost sold out. We will be launching the sectional title units soon and will consider joint ventures with other parties wanting to develop units for sale or rental as there is huge de-

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March 2015