Published in News24
South Africa’s property market had a good year in 2016, according to a global property report published this week. In the report, two South African cities ranked higher in terms of property value growth than wealthier global counterparts Milan, Tokyo and Moscow.
Published in Money Marketing
Nearly half of all the office development taking place in South Africa right now is happening in Sandton. Sandton Central is the epicentre of this development, which includes many of the most cutting-edge, exciting and innovation new buildings on the continent. The latest research in the South African Property Owners Association Office (SAPOA) Vacancy Survey for Q4:2016 shows that 48% of new offices being built are going up in Sandton.
First published on www.businesstech.co.za
A number of modern office blocks, hotels and mixed use spaces continue to be developed across the Sandton centre, and infrastructure upgrades are ongoing.
Dr Andrew Golding, chief executive of the Pam Golding Properties group, said that the development of the Sandton city centre, and the fact that ‘Africa’s Wall Street’ remains the place in the country to do business, have assisted to provide strong support to the local economy, as well as the residential property market in the area.
The smallest of the three towns in the picturesque Helderberg region, Gordon’s Bay is an idyllic seaside haven complimented by warm waters, white sandy beaches and a quaint harbour – all just 30km from Cape Town. Named after the Dutch explorer, Robert Jacob Gordon, Gordon’s Bay has quite an interesting history and dates back to the 1670s, when the Dutch started taking interest in the area.
Published in www.privateproperty.co.za
The housing markets in Gauteng have experienced different growth levels. While the housing markets in Gauteng’s mining and manufacturing towns experienced subdued growth last year, the markets in major metro areas, which are more reliant on the more diverse and resilient services industries, have continued to flourish. This is according to Andrew Golding, CEO, Pam Golding.
A prime example is Sandton, he says, which remains the financial and commercial powerhouse of Gauteng and the national economy.
First published on Moneyweb
The large-scale office developments in Sandton are set to bolster the area’s status as the richest financial hub in Africa, but the residential property market is also expected to benefit from the relocation of corporates.
After five years of zero development, a number of luxury apartments are springing up in Sandton, luring locals as well as buyers from oil-rich African countries.
In the last five years, corporates have been relocating to Sandton as the preferred business address, which has created renewed demand for luxury apartments.
Figures from real estate consultant Jones Lang LaSalle South Africa (JLL) suggest that Sandton’s current office supply amounts to 1.5 million square metres. After the completion of all construction, JLL notes that Sandton’s office supply will increase to 1.9 million square metres over the next four years.
Discovery, Webber Wentzel, Sanlam and Old Mutual Emerging Markets are some of the corporates that have set up offices in Sandton.