Estate Living September 2016 Digital Issue | Page 44

Residents Socialising

Street Scene

Because the life-right developer remains engaged, unlike some sectional title and
freehold developers who disappear once the last unit is sold, it is in the developer’s
interests to look after the physical assets, keep levies affordable and offer a professional
management service. Evergreen manages every aspect of the village, including security,
catering, health care, garden maintenance and landscaping, and the maintenance of the
communal facilities. Not all life-right schemes are the same. Evergreen offers flexible
pricing to help purchasers match the purchase price of the life right to their available
capital. In other words, life rights may be purchased at a discount in exchange for a
reduction in the capital return on termination of the life right. This is possible because
the Evergreen Group takes a long-term view on return on capital.”