News by Country
Published stories attached to South Africa.
334 items
Page 4 of 38
Abland and its investment partners have opened the 8,000m² Central Blue Shopping Centre in Blue Downs, fully let and anchored by Superspar, as the surrounding estate moves toward roughly 1,800 homes.
Human Settlements Minister Thembi Simelane has asked for a meeting with the City of Cape Town over plans to release the 72-hectare Annandale Farm near Dunoon for development, as residents question whether the land will house them.
Stronger rental demand and lagging Gauteng house-price growth are pushing more Johannesburg owners to let their homes instead of selling when they move to Cape Town, though agents warn net returns are thinner than headline rents suggest.
At the South African Council of Shopping Centres congress in Durban, retail strategists argued that centres must offer ticketed experiences and membership perks, with e-commerce now about 10% of local retail sales.
The Western Cape-focused real estate investment trust grew distributable income per share 8.02% to 47.29 cents on a 28.14% rise in revenue, after raising R1 billion in new equity and completing R1.4 billion of acquisitions.
Soweto recorded almost R984 million in property transactions over the past year, but Seeff says rental demand is now the sharper opportunity, with two- and three-bedroom units priced at R450,000 to R750,000 delivering gross yields of 10% to 12%.
Construction has started at the 39.6-hectare Valverde estate outside Somerset West, where land starts at R1.475 million and buyers must begin building within 12 months of purchase.
Build One South Africa's Cape Town mayoral candidate Roger Solomons has proposed extending the city's municipal property valuation cycle from three years to five and auditing city spending, saying homeowners need more certainty when budgeting for rates.
The Gauteng High Court in Johannesburg has dismissed an application for a declaratory order on fees imposed on property practitioners by residential estates, a ruling Human Settlements Minister Thembi Simelane says leaves the industry regulator free to keep enforcing the law.