Real Estate Investor Magazine South Africa February/March 2019 | Page 18

COVER FEATURE per month. partial use when in South Africa.   Sales in Hyde Park area in 2018 were brisk including a number of luxury properties priced over R10 million, with demand and the bulk of transactions concluded between R1.5 million and R4 million. Much activity has been seen in the price bands from R1 million to R5 million and from R5 million to R10 million across the various suburbs. One97 – G5 Properties (Hyde Park) These are apartments from 32sqm priced from R1,970,000. They include wooden flooring, engineered stone worktops and top appliances MIDRAND AREA HYDE PARK AREA BRYANSTON AREA One of Johannesburg’s more wealthy suburbs, Bryanston remains a popular choice for many buyers offering different property types including homes of varying prices, clusters and sectional title units as well as executive apartments. Off-plan luxury apartments are priced from R3.5 to R6 million for three bedrooms, three-bathroom units and sometimes penthouse apartments. Priced from R1.75 million to R3.85 million, the two- bedroom apartments offer convenient and secure, hassle- free living, ideal for investment, permanent residence or The Edge - RenProp (Bryanston) The Edge is a five-storey apartment block with 119 apartments positioned on Bryanston Drive offering a selection of one and two-bedroom apartments as well as penthouses ranging in size from around 57m2 to close on 170m2. Pricing is from R1,399,000. Midrand is well located close to Centurion and Pretoria with easy access to the north, west, east and south of Johannesburg, as a result, it continues to attract buyers from all walks of life. Midrand offers value for money with a variety of properties to choose from including sectional title units, secure estates, freehold homes and sought-after upmarket lifestyle estates such as the Waterfall Equestrian Estate, Blue Hills Estate, Kyalami Estates and Beaulieu. The sectional title market in Midrand continues to thrive with a number of new developments recently completed and some under construction by developers including JSE listed Balwin Properties and FOCE’. In established areas, there has been a lot of activity in Noordwyk with entry level prices of R650 000 to R700 000 for one bedroom and two-bedroom apartments, as well as Crowthorne and Carlswald, with entry level prices of between R1 million to R2 million for two-and three- bedroom apartments. It is still possible to buy a studio apartment for R500 000 and one-bedroom units for R600 000 in suburbs such as Noordwyk, Erand Gardens and Sagewood, which see a lot of interest from first-time buyers and young professionals starting out. The Whisken - Balwin Properties (Crowthorne, Midrand) Balwin Properties is a listed JSE company with more than two decades’ experience in the South African property industry. The company’s developments in the area are very affordable, featuring lifestyle centres including gyms and restaurants and located along main roads. These include The Whisken Crowthorne just off the R55 and a short drive to the Kyalami Corner shopping centre, with units priced from R699 000 for one-bedroom apartments. Kikuyu – Balwin (Waterfall Estate, Midrand) In Waterfall, there is Kikuyu, priced from R849 000 and the more luxurious development, The Polofields, with prices starting from R2.029 million for two-bedroom, two- bathroom penthouse apartments and R2.129 million for three-bedroom, two-bathroom apartments with patios. Umthunzi Valley - FOCE (Midrand) has two new developments in Midrand, the Umthunzi Valley in Carlswald offering 215 luxury lifestyle apartments and priced from R1 150 million for two bedroom and one-bathroom apartments and Eagleton Apartments. In Kyalami, Leogem is developing Jacana, offering modern apartments priced from R1.568 800 million for two- bedroom units. Jewel City - New Urban Plaza 16 FEBRUARY/MARCH 2019 SA Real Estate Investor Magazine Infinite’ – Fatasy Developments (Bedfordview) Bedfordview is considered to be the city’s ‘jewel of the east’ and is a highly sought of area for its leafy surrounds, generous space, and easy access to greater Johannesburg and Ekurhuleni. Infinité, Bedfordview is an exciting 10 storey, 200 unit development stylish new, high-rise residential development which has risen out the ground in a prime location opposite Eastgate shopping centre. Entry level price started from R1.175 million for a 57sqm studio