eProperty News

Giflo Medical, a leading commercial and medical property developer, is investing R130m in expanding and upgrading two adjacent medical facilities - the Cormed Private Hospital and the Envision Centre for Sight - located within an established medical precinct in Vanderbijlpark, Gauteng.

Atterbury is making its first foray into shared workspaces with its new Attspace co-working concept, which debuted at the La Gratitude Manor House on Stellenbosch’s historic oak-lined Dorp Street.

JSE listed Balwin Properties, a developer that cares about environmentally responsible building practices and the delivery of high-quality apartments to its valued clients, reported robust interim results for the six months ended 31 August 2019 despite prevailing economic headwinds and consumer pressure. 

Friday, 18 October 2019 15:05

Residential building activity

Continued evidence of some diverging trends at segment level in the planning and construction phases of residential building activity.

Housing demand has continued to gain momentum since the start of the year and in the third quarter, the number of applications for home loans was at its highest level in more than three years, according to the latest statistics from BetterBond, SA’s foremost bond originator.

Despite weak economic fundamentals resulting in negative real house price growth, the banking industry continues to show confidence in South Africa’s property market by further relaxing their lending criteria and approving home loan finance at levels last seen 12 years ago.

BROWNFIELD developments have unique challenges. Most shopping centres are built from scratch, so brownfield expansion tends to be complicated because existing operations have to continue, thus requiring partners with an appreciation for the inevitable complexities that arise.

A decade of corporate semigration and decentralisation fuelled the Winelands commercial sector, with increased demand boosting development, however, this has begun to taper off,

precipitating a number of significant market shifts.

The message is out – Cape Town is open for business, and with tourism numbers expected to climb to 21 million by 2030, mixed-use residential developments offering exceptional accommodation are in high demand, says Pam Golding Properties.

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