Latest news with #R170m
TimesLIVE
23-05-2025
- Business
- TimesLIVE
Two vacant erven sold for a combined R170m in Clifton
Two vacant erven in one of the country's most exclusive addresses have sold for a combined R170m in Cape Town. The plots, a combined space of 2,700m 2, are in Nettleton Road, Clifton. While the erven have planning permission for nine apartments, the multinational entity which purchased them plans to build one 'expansive trophy property to crown Nettleton Road', said Annette Hepburn of Pam Golding Properties, who secured the sale. 'This is one of a few remaining vacant sites in this highly sought-after address, where properties rarely become available and when they do, opulent, completed residences can be acquired for upwards of R150m,' said Hepburn. 'Nettleton Road is the most exclusive of all streets in the country, with a limited number of residential properties, large luxurious, iconic homes which offer all the elements desired by high-net-worth individuals — an unparalleled lifestyle, exclusivity, privacy and rarity, and above all, the spectacular views.' The street is home to captains of industry and luxurious designer homes. The combined sale price of the erven included VAT.
Zawya
18-02-2025
- Business
- Zawya
South Africa: Western Cape sees $11mln investment boost for student housing
The Department of Human Settlements -- through the National Housing Finance Cooperation (NHFC) -- has announced its funding support for two 100% Black-owned developers to provide student accommodation in the Western Cape. The funding is meant to alleviate the student accommodation challenge in that province. Addressing the debate on the State of the Nation Address (Sona) held in Parliament on Wednesday, Human Settlements Minister Thembi Simelane announced that the first project in Belhar has received a funding facility of R40m to construct accommodation that can host 136 beds. 'The second project in Parrow for a building that started out as an affordable housing development programme, which received a R170m facility, has since been converted into student accommodation with 927 beds,' Simelane said. The department, through the National Housing Finance Cooperation, has also partnered with some of the Traditional Authorities in the provinces, with a number of projects currently underway in the eThekwini, Umkhanyakude and Umgungundlovu District Municipalities. In Inanda, north of Durban, Inkosi Mqiqi Ngcobo is allocating pieces of land to residents to build their homes with support from First Home Finance (FHF), with 59 houses completed, and 60 anticipated by the end of the financial year. In Ndwedwe Local Municipality, under ILembe District Municipality, Ngcobo -- from Umlamula Traditional Council, Ozwathini -- has also allocated pieces of land for households to build their homes with FHF assistance, with nine completed houses and 18 at the enrolment stage. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
