Create Your First Project
Start adding your projects to your portfolio. Click on "Manage Projects" to get started
1000 Residential Apartments, Cape Town, Western Cape
Development Type
A 83,000 m2 residential estate development comprising 1,000 affordable apartments
Date
2020 to 2022
Location
Ottery, Cape Town, Western Cape
Role
Land Use Management, Development Right Approval and Development Planning
Developer
Golden Grove Investments
Development Value
R1.3 billion
USD $70 million
This residential estate is aimed at addressing the need for affordable housing for the ‘missing middle’ - those individuals who earn more than the minimum to qualify for government-subsidized housing but too little to qualify for a bank bond
A 1000 unit affordable housing development comprising of three different unit sizes on 11 hectares of land in Ottery, Cape Town which is targeted at families with a maximum monthly income of R22 000 per month: one-bedroom 24 m2 units; two-bedroom 36 m2 units and three-bedroom 54 m2 rental units.