Grapevine Communication
Chairman’s Desk
Dear Residents
Since the development company communicated
understanding of the influence the new phases
trustees are pleased with our financial position
its plans for further phases of Val de Vie during
will have on the current Val de Vie estate. The
as well as the performance of the security and
the open day on the 25th of June 2014, there
development company prepared a Question
landscape contractors and we hope everyone
have been various discussions about the
& Answer article that was published in the
agrees with this.
practical incorporation of the new phases.
September issue of the Grapevine. This is also
available on the Val de Vie website along with
Property Market:
The development company embarked on a
previous communications from the Homeowners’
consultative process with the Homeowners’
Association.
The estate has entered an upward cycle during
Building:
constant increase in demand, results in a steep
Association to assist the trustees in creating
broad-based representation. As a result, a subcommittee was formed to deal with the internal
processes and engage with the Development
Company in a constructive manner. This subcommittee has since met on two occasions to
which the shortage in supply of erven, with a
rise in the prices of vacant erven. Proof of this is
There are inevitable inconveniences associated
the 21,75% increase in prices of vacant stands
with being in a development phase with such a
year on year, from the 12 months ended August
large number of active building sites. However,
2013 to the 12 months ended August 2014.
formulate its scope and mandate.
the building process is being well managed and
the entire building experience keeps improving.
During the same period, there was a year on
The development company has also presented
We now have 336 houses completed and 72
year increase of 83,94% in the total Rand value
in progress. We forecast that the estate will be
of transfers of houses and vacant plots, totalling
virtually fully built by the end of 2016. Overall, the
R 213 785 636,36 in 2014.
detail to the sub-committee about the new
phases to furnish the committee with an in depth
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