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| Message from the Managing Director |
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MESSAGE FROM THE MANAGING DIRECTOR
Although a repo rate increase was expected in May, the second successive 50 basis point increase for this year was an unwelcome surprise. However, despite the fact that the hike was higher than expected, the current repo rate is still below the weighted repo rate average of 11,92% calculated between 1998 and 2023.
1998 marks the date on which I founded both Renico Plant Hire and Renico Construction. This was also the year where the repo rate peaked at an astonishing 23,99%! Now 25 years later our repo rate is less than half the historic high. While there are many other social and economic factors causing problems today, the chances are that we won't...
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| Featured Residential Developments |
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After being sold out at Brendavere Estate at the end of May, we unfortunately had a cancellation of one of the pending sales. Thus, we are back to our last available home within this stunning cluster development in Fourways! It is only a matter of time before we will have the final unit signed up. Be on the lookout for the celebratory Sold-Out signs going up soon.
With most of the external work completed at our Rainhill show block in Linden, there is still a bit of internal work to be done before we will have a completed show unit ready. Personally, I am very excited about this project, my team pulled out all the stops with the planning to make the entire Rainhill loadshedding free! I believe this will in time become the benchmark for all future Renico residential developments.
We are also down to the last 20 available homes at our Ndalo security estate development in Alberton. With weekly sales being concluded on site we are well on track to being sold out by August. This will also trigger the launch of our next residential development in Albertsdal which will also offer simplex homes with either a two- or three-bedroom configuration.
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Ndalo in Albertsdal
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Come and experience secure complex living in Albertsdal! There are only a limited number of homes still available within this recently completed complex situated a short 5 kilometers away from the Alberton business hub. Ndalo ...
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| Buying Property Off-Plan Directly From a Developer |
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Buying a home off-plan or directly from the developer has many benefits for first-time buyers and other would-be homeowners who don't have large sums of cash saved up to cover transfer duties and various additional transaction costs.
However, there are also some challenges to be aware of before signing an offer to purchase.
Pros
One of the biggest attractions of buying an off-plan or newly-built home is that tax is included in the sales price in the form of VAT. This means you won't be... |
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I am pleased to announce that we have made substantial progress with the design of our Fernhill project in Bryanston. Once we are 100% satisfied with the design, our graphic designers will be tasked with the 3D rendering to give prospective clients a good idea of what the homes will look like, once completed. All homes within the Fernhill development will also be exempt from loadshedding, thanks to the installation of an integrated back-up power supply. More info on this exciting development will follow in my next newsletters.
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R67 per m²
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| 1,558m² Warehouse To Let in Lanseria Corporate Estate |
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Stunning warehouse/ business premises within the popular Lanseria Corporate Estate adjacent to the Lanseria Airport. The estate offers excellent security ...
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R3,152,560
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| 4 Bedroom House For Sale in Fourways |
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Brand new North Facing home available within the Brendavere security estate. This home, perfectly positioned on a generous stand and ...
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