Cape Town approves V&A Waterfront's R20bn Granger Bay expansion with 1,000 affordable homes
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The City of Cape Town has approved the V&A Waterfront's planned R20 billion Granger Bay expansion, which includes about 1,000 affordable housing opportunities in one of Cape Town's most sought-after coastal areas.
The City of Cape Town has approved the V&A Waterfront's planned expansion at Granger Bay, a development expected to cost about R20 billion and bring roughly 1,000 affordable housing opportunities to one of Cape Town's most sought-after coastal areas, according to a report by IOL on September 9, 2026.
The approval includes a legal requirement that 10 per cent of the residential space be allocated to affordable housing. The project forms part of a long-term, multibillion-rand programme that will include residential, commercial and hospitality developments, as well as public spaces and coastal infrastructure, rolled out over 15 to 20 years.
Plans include the reclamation of about 3.2 hectares of land from Table Bay, a 540-metre seawall and a new coastal walkway that will connect the V&A Waterfront directly to the Sea Point promenade. The V&A Waterfront says the development will bring new homes, hotels, jobs and public space, including a protected bay for swimming, kayaking and boating.
"A new stretch of Cape Town's Atlantic coastline is opening up to the city. Over the next 15 to 20 years, this R20 billion development will bring new homes, hotels, jobs, public space and a protected bay for swimming, kayaking and boating," the V&A Waterfront said on its website.
The expansion comes as access to well-located land and affordable housing remains a major issue in Cape Town. In July, the Constitutional Court ruled that the Western Cape government acted unlawfully in its handling of the sale of the state-owned Tafelberg property in Sea Point, finding that the province failed to properly involve the Human Settlements Minister and incorrectly classified the land as surplus.