With its sought-after location, world-class amenities, and vibrant lifestyle, Johannesburg property remains attractive for buyers and investors. Property developers are seeing the demand and filling in the gaps with some exciting new developments. If you're looking to make the City of Gold your new address, these options are perfect to nest, rest, or invest.
What are property developments?
A development property is a property that is currently under development. It is one that hasn't achieved an occupancy rate of at least 80%, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed.
Whether you're a first-time buyer, downsizing, looking for a family home, or a place to retire in comfort, new developments in Johannesburg offer an ideal space to put down roots.
Benefits of Johannesburg property developments
Johannesburg's bright lights, tall skyscrapers, and tree-lined suburban streets offer much for those on the property hunt. Opting for a new development property also brings these benefits.
No transfer duties: New developments offer big savings including the transfer duty cost. This is covered by the developer.
Easy maintenance: Built from scratch, development properties require little to no maintenance in the first few years. It also means less stress to start repairing when you move in.
Customise your home: At the start, you can choose the layout, size, and finishes of your development property. The developer or real estate agent can provide more details on how much you can control.
Peace of mind: If your building contractor is registered with the National Home Builders Registration Council (NHBRC), you will have a five-year major structural defect warranty as well as a one-year roof leak warranty.
Modern amenities: To help you live your best life, new developments often boast amenities like laundromats, pools, and children's play areas.
Good investment: As the development progresses, new phases are more expensive. Buying early can see the value of your home increase, meaning you can make a profit if you sell down the road.
Property development options in Johannesburg
With the launch of new developments in the Gauteng city, you have some great choices to make your home. Of note is the Alveda Park residential estate and the Route 82 security estate.
Alveda Park
This development offers a choice of 25 exquisite houses in one of Johannesburg South's most sought-after suburbs.
- Size: The under-roof of the homes will measure between 108 sqm to 157 sqm.
- Priced from: R1,322,035 inclusive of transfer and bond costs.
- Homes: You have your choice of 25 stands ranging from 364 sqm to 582 sqm. Each home is designed according to the developer's specifications and unique requirements which also includes a double-storey.
- Amenities: Be the envy of your friends! Each home has generously proportioned bedrooms, with patio-courtyard standard from the main bedroom, full bathrooms (basin, bath, toilet, and shower), and a superb kitchen with great finishes leading onto an open-plan lounge with double garages.
- Neighbourhood: The popular suburb provides easy access to the Mall of the South, top private and public schools, and several leading places of worship.
Route 82
Enjoy peaceful living at this security estate in Kibler Park. It is situated just 15 minutes from the Johannesburg CBD.
- Size: The two-bedroom apartments range from 45 m² to 56 m².
- Priced from: R599,000; you will only have to pay R5,000 per month and earn R16,000 gross per month to qualify.
- Homes: The apartments are protected by a state-of-the-art security system including 24-hour security with a patrolling guard and biometric access control.
- Amenities: Route 82 provides a laundromat, convenience store, kids play area, and other facilities to ensure you live in style.
- Neighbourhood: You will only be a five-minute drive from Southgate Mall and Mall of the South and also close to schools and recreation centres.
Find your ideal property in Johannesburg
Century 21's team of property professionals have an intimate knowledge of the Johannesburg area. We look forward to meeting you, understanding your needs, and matching you with your next home. View our properties for sale or to let and contact us ASAP.