Housing in Southern Africa May 2015

Housing

Making housing affordable Riverside View is one of the most exciting integrated housing developments to roll out in the northern suburbs of Johannesburg. The project will accommodate 10 414 residential units on completion across a spectrum of housing options: affordable, FLISP partially and fully

subsidised and high density rental stock.

and Centurion/Mogale City. Riverside View will include public and private schools, retail precincts, public amenities and recreational facilities. The integrated housing township is located within the City of Johannesburg Metropolitan Munici- pality (COJ) area and it will help alle- viate the critical housing shortage in Diepsloot and the surrounding areas. Nedbank Affordable Housing Fi- nance will provide R60 million fund- ing to property developer, Valumax, to fund the purchase of land and installation of services for 2 166 well priced residential stands for afford- able housing at Riverside View. This RIVERSIDE VIEW will include a new substation and construction of the link lines from the Klevebank substation to the site. According to Manie Annandale, Head of Affordable Housing Finance at Nedbank, this development con- tinues the momentum of quality Affordable Housing in close proxim- ity to the upgraded transport and amenity node of the new Steyn City development. Riverside View aims to promote a high quality fully integrated resi- dential and mixed use environment supported with a good mix of private and public amenities. The project will target first time home owners and

T his development is located on a strategic high investment zone directly north of the Steyn City development, west of the Riversands Incubation Hub, along William Nicol Drive (R511) and approximately 5 km south of Diepsloot. Riverside View will offer first time home buyers the opportunity to enter the property market. House prices start from R375 750 for a 45m² two bedroom house in Phase One (Riverside View Extension 28). The well located project forms part of the transportation corridor upgrade from William Nicol Drive (K54) between Sandton/Diepsloot

May 2015 April