Residential Property Market

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. ... Full story

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. ... Full story

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. ... Full story

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. ... Full story

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. ... Full story

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. ... Full story

Patrice Motsepe’s foray into property sector

Billionaire and mining tycoon Patrice Motsepe’s African Rainbow Capital considers residential sector following the group's decision to acquire 20% stake in Val de Vie Investments as its first foray into property. ... Full story

Calgro M3 builds a broad foundation in tough conditions

Calgro M3, a residential property and memorial parks developer, has weathered a subdued operating environment in the construction industry to report significant growth. ... Full story

Calgro M3 lifts interim earnings

Property developer and construction company Calgro M3 (CGR) on Monday reported strong interim results despite the tough trading environment. ... Full story

Calgro's projects get set to deliver

Uncertain economic environment will not deter integrated housing developer Calgro M3 in its efforts to expand its project pipeline. ... Full story

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