Residential Property Market

Deserted factories to be converted into Affordable Housing

The City of Johannesburg (COJ) says it has identified abandoned factories in the city that it plans to expropriate in order to allow the private sector to turn them into low-cost affordable housing.

Joburg inner city property developments on the cards — City of Joburg

The Johannesburg City Council has identified over eighty properties in the Inner City for investment and development opportunities.

Joburg Mayor targets 500 hijacked buildings for Affordable Housing

City of Johannesburg Mayor Herman Mashaba vowed to reclaim 500 hijacked buildings, as part of his campaign to bring safety and order back to the area.

Balwin, Transcend team up for R6.4 billion Apartment venture

Sectional title heavyweight, Balwin Properties and Transcend, a residential property fund, are for the first time collaborating to develop 8,900 affordable rental apartments worth R6.4 billion over the next six years.

Good news for Buyers, not necessarily Owners

Minister Pravin Gordhan had a difficult budget speech to deliver as the economy struggles through its largest under performance since the 2009 recession, with the added challenge of a R30.4bn tax shortfall.

Some relief for first time property buyers in National Budget

The raising of the threshold for transfer duty on properties sold for less than R900 000, up from R750 000, as announced in today’s National Budget, is positive news as it provides some relief for first time buyers.

Affordable housing developer reports substantial losses

Affordable housing developer, RBA Holdings that went into business rescue in February, fell into an after tax loss of R10m in the six months to end-June, from a profit of R1.8m in the matching period.

Calgro M3 lifts revenue in ‘difficult year’

Affordable housing and private memorial parks developer, Calgro M3 Holdings this week said revenue moved up 25.7% to R720m in the interim period to August.

Steady repo rate welcomed as housing market outlook remains weak

The decision by the Monetary Policy Committee of the South African Reserve Bank to leave the repo rate unchanged is most welcome in a climate where the economic and housing market outlook remains weak.

Consortium to roll out multi-million rand housing projects

A consortium of developers, Calgro M3 and SA Corporate Real Estate Fund agreed to create a housing joint venture that may be listed in future.

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