Housing in Southern Africa March 2015

H O U S I N G in Southern Africa

ED’S NOTES

FLISP, Affordable and BNG roll outs Our March issue showcases the best of affordable housing, highlights Gauteng's residential roll out for the next five years, and industry stalwarts comment on transfer duty and foreignownership restrictions. A ffordable housing specialist, Cosmopolitan, has secured the rights to develop 10 246 Waterfall City, Modderfontein City, Reitfontein and Steyn City. All of thesemega projects will have amajor socio-economic spin off and benefits for employment opportunities and investment.

THE TEAM

EDITOR Carol Dalglish housing@crown.co.za ADVERTISING Brenda Grossmann brendag@crown.co.za DIRECTOR Jenny Warwick

Finance Linked Individual Subsidy Programunits for the residential mar- ket at Savanna City, government’s mega greenfields project in Midvaal. Manie Annandale’s team at Ned- bank Corporate Property Finance Affordable Housing Development has provided funding to the Shield Group to develop Inkanyezi, an affordable housing development at Tongaat on KwaZulu- Natal’s sugar belt. The project will provide 2 243 housing opportunities on completion. The residential sector has reacted to President Jacob Zuma’s statement in the State of the Nation Address about restricting foreign ownership. Industry giants, Chairmanof the Seeff Group, Dr Samuel Seeff, puts the case forward for foreign ownership and Dr Andrew Golding from the Pam Golding Property group tackles the question of transfer duty and gives a global perspective. The City of Tshwane has partnered with High Street Co to sell off 80 city- owned properties during March. The buildings and land that have been put up for auction will help the city’s cash flow and the land release will certainly attract developers. The Nelson Mandela Bay Metro- politan Municipality has been called on to account for R744 million unau- thorised spending, which they have asked be written off, without any explanation. Gauteng Premier, David Makhura outlined the plans for the province in his State of the Province Address. We noted a number of new cities on economic corridors and the roll out of mass housing in the north, south, east and west corners of the province.’ Almost 140 000 housing units will be built at the Lion Park in Diepsloot East, Fleurhof, Cosmo City, Mali- bongwe Ridge and Goud Rand. The City of Johannesburg is planning to revitalise Kliptown and Alexandra. The latter is hugely over populated and desperately in need of attention. Public private partnerships that will radically change the spatial landscape includes: Masingita City,

In the next five years 100 000 hous- ing units will be rolled out at Chief Albert Luthuli, John Dube Extension 2, Tsakane Extension 22, Germiston South, Leeuwpoort, Rietfontein and Clayville Extension 45. A further 160 000 houses in inHam- manskraal, Winterveldt, Sterkwater, Lady Selbourne, Soutpan Phase 1 to 7, Lotus Garden, Fortwest, Capital Park, Vermeulen, Olievenhoutbosch, Nelmaphuis, Zithobeni, Kirkney and Danville. National government, mu- nicipalities and the private sector will revitalise the mining towns. More than 160 000 housing units will be built in Syferfontein, Chief Mogale, Kagiso Extension 13, Le- ratong, Westonaria Borwa, Thusang, Waagterskop, Kokosi Extension 6 and 7, Droogeheuwel, Mohlakeng Exten- sion 11, Khutsong South Extension 1, 2 and 3 and Vaarkenslaagte. Over the next five years, more than 120 000 houses will be built in Sedi- beng, Boiketlong; Golden Highway; Evaton; Vereeniging, Savanna City, Ratanda and the R 59 Corridor. With so many housing opportuni- ties rolling out in Gauteng, things are looking up! Happy reading!

PUBLISHER Karen Grant DESIGN

Colin Mazibuko CIRCULATION Karen Smith READER ENQUIRIES Radha Naidoo SUBSCRIPTIONS Wendy Charles

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Carol Dalglish • Editor

AVERAGE CIRCULATION (THIRD QUARTER 2014) 3760

Govan Mbeki Awards 2014 - Best Media - Housing in Southern Africa

March 2015