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Message from the Managing Director
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Dear Friends, Property Investors and Enthusiasts,
As we enter the first month of Spring the economic woes of the country show no signs of subsiding. The Rand has taken a beating against the Dollar which, although we have a reprieve this month, will no doubt cause the fuel price to increase again next month to make up for the reprieve, taking it to a further record high price. The construction industry, particularly the listed companies, is still taking strain with no hope of improvement in the foreseeable future.
September is also Abor month. Due to the nature of the construction process we regularly have to remove trees from new building sites to make space for the planned new...
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Featured Residential Developments
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There are a number of new residential developments which we will be launching within the coming months. The construction of our Grange Park project in Barbeque Downs, Midrand will be one of the first to commence, with the occupation date having been amended to the 1 September 2019. Sales on site have ticked along but, from our experience, we expect these to increase once construction commences.
At the end of last month 76 units within our Sardinha Park development in Wilgeheuwel, Roodepoort were handed over to their respective owners. Currently there are only 39 available units remaining within the complex, with an average of 7 sales being concluded per week. At this rate we should have all 163 units sold and transferred by December.
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New residential Complex in Wilgeheuwel
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Sardinha Park is Renico Construction's new residential development in Wilgeheuwel, Roodepoort The security complex which was completed during August 2018 offers a number of apartments as well as pet friendly simplex units. All units offer ...
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Affordable Housing
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Not only will we be moving onto our next residential site in Cosmo City within the next few weeks, but we will also be returning to Crystal Park in Benoni. Here we will be constructing another residential complex comprising of 80 simplex townhouses within a security estate. More information on this development will be posted in my future newsletters.
The last homes within the 8th phase of our Sharon Park Lifestyle Estate in Springs were also completed during the past month.
All the completed and available homes may be viewed by contacting Thuli Dube on 072 300 6173.
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Current phase within the Sharon Park Lifestyle Estate
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Bringing the best value money can buy to the affordable home sector. Construction of the full title homes in our 8th phase within the Sharon Park Lifestyle was recently completed and the homes are now ready for occupation. The free standing homes are fitted with a kitchen, cupboards, stove/ oven, ...
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Featured Commercial and Industrial Developments
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Construction at our Eagle Canyon Office Park is well under way with the first of the second floor concrete slabs having been poured during the past 2 weeks. We plan to have all the concrete required on site poured by December. This will ensure that our contractors, who will commence with the finishes to the building, will have access to the site from January 2019.
The Trans Tech Logistics building situated on stand 113 Kya Sand was also completed during the past month. The new owners have already taken occupation of their brand new premises. We wish them the best of luck with their new ‘home’.
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Industrial Developments
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New warehouse in Kya Sand
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New premises being developed on Malibongwe Drive, Randburg. The warehouse will be ideally suited as a distribution centre due to it being in close proximity to the N1 and N14 highways. The extra high eaves ensures maximum vertical storage space. The entire building will also be fitted with a centralized ...
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Homes for sale; asking prices becoming more unrealistic- FNB
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The majority of home sellers (96%) have to drop their asking price in order to sell the property. That's according to a second quarter FNB Estate Agent Survey.
This is up from an estimated 91% reflected in the first quarter survey and compared to an estimated 78% who ended up having to lower their asking prices in 2014.
While the majority of sellers normally tend to start high and allow themselves to be bargained down as a strategy, there is nevertheless a cyclical...
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As the construction of our Stamford Brook Residential Development in Fontainebleau is well under way, with completion planned for November 2018, we are starting to market the rental apartments.
The brand new two bed, two bath apartments will be ready for occupation from the 1st of December 2018 with rentals ranging from R 6 550 pm.
If you would like to secure your unit you may contact Collin on 079 327 8332
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R55 per m²
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2,253m² Warehouse To Let in Lanseria
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Construction of this new warehouse/ premises within the Lanseria Corporate Estate has not yet commenced. The full title warehouse will ...
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R7,050 pm
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2 Bedroom Apartment To Let in Randpark Ridge
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Take occupation of this recently completed upstairs apartment on the 1st of September. The fully tiled home offers 2 bedrooms ...
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