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Renico Construction (Pty) Ltd.
EMAIL NEWSLETTER - Sep 2023
Message from the Managing Director
Once again most of South Africa, with the exception of the Western Cape, was catapulted from winter straight into summer. Only last week we were still donning coats against the cold weather and this week the mercury will be kissing 30 degrees!  It seems to have become a trend for both spring and autumn weather to be overshadowed by summer and winter.

More positive news was a further drop in our inflation rate to its lowest level in two years. It is currently sitting at 4,7%, well within the 3-6% Monetary Policy Committee 'sweet spot'. However, consumers should not expect a change in the current repo rate too soon - hopefully the first decrease will be announced early in 2024.

2024... See More
Featured Residential Developments

One of the best kept secrets in the Greater Midvaal and Vanderbijlpark is the Riverspray Lifestyle Estate, situated on the banks of the Vaal River. This security and lifestyle estate offers a variety of sectional title apartments and full title stands ranging from 150m² to 650m². From its initial launch almost a decade ago, more than half of the stands were sold and developed. Although we still have a limited number of stands available to purchase, availability of the prime stands has steadily decreased as they were sold to clients who wished to build their dream home within this stunning estate. We have also quietly been working behind the screens on an exciting new project within the Riverspray Lifestyle Estate to be launched in the coming months. More information on this exciting project will be shared in one of my next newsletters.

Our Rainhill show unit is still under construction and I am very excited and looking forward to sharing the photos of the staged show unit once completed.

We recently had a late cancellation of one of our Brendavere Estate transactions, but this property was sold within 24 hours of being placed back onto the market to one of the clients on our waiting list. We have thirteen homes to complete this year and then the final fourteen homes will be completed and ready for occupation by March 2024.

New Exclusive Residential Estate in Craigavon
This is an opportunity not to be missed! 83 Luxury full title homes being developed in close proximity to the Fourways Mall which recently became the largest mall in Africa! With over 94% of homes ...

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Latest News
Ways to ensure your home holds it's value over time.
Unless properly maintained, property can become dated and in need of repair. This will lead to lower asking prices once the home goes up for sale. To prevent this, homeowners are encouraged to find ways to help a property maintain its value over time.

According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, there are many aspects that affect a home's value over time - many of which are outside of a homeowner's control, like the demand for a suburb or the greater...
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Launching Shortly

Last month I shared the first artist illustration of our Fernhill project situated on Homestead Avenue in Bryanston. As we get closer to this exciting launch, I can now also share an internal illustration of these stunning family homes. Not only will the entire development be linked to a back-up generator, every home is fitted with a Smeg gas stove and top-end gas geysers. Construction to the complex entrance and show home has already commenced and I expect to launch this project within the coming months. With prices starting from an incredible R2,995,000 for a four-bedroom free standing duplex home, one will definitely struggle to find better value for money in Bryanston and surrounds.

Latest Listings
R13,000 pm
3 Bedroom Cluster To Let in Radiokop
Yes this is a pet-friendly home! One of only 10 clusters within the beautiful Frascati security complex in Radiokop, Roodepoort. ...

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R110 per m²
186m² Office To Let in Constantia Kloof
Recently completed A-Grade office space just off the N1/ 14th Avenue interchange. The ground floor unit is one of two ...

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Regards
RENICO Construction (Pty) Ltd
Tel 011 794 1177
Fax 011 794 1159
Email info@renicoconstruction.co.za
WWW.RENICOCONSTRUCTION.CO.ZA
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