The highlight of the Joburg market’s 2017 has been the extensive multi-use developments that are taking place at the Waterfall precinct near the Mall of Africa.
According to Rode & Associate’s Erwin Rode, the highlight of the
Joburg market’s 2017 has been the extensive multi-use developments
that are taking place at the Waterfall precinct near the Mall
of Africa, including the upmarket Steyn City.
“Taken with the Fourways Mall redevelopment, a whole new
city is taking shape. The centre of gravity of Joburg keeps moving
north.”
city is taking shape. The centre of gravity of Joburg keeps moving
north.”
The lowlight has been the non-development of the Modderfontein
land that AECI/Heartland sold to Chinese developer Zendai.
However, given the better-located developments near the Mall of
Africa, Rode says this is “hardly surprising”.
land that AECI/Heartland sold to Chinese developer Zendai.
However, given the better-located developments near the Mall of
Africa, Rode says this is “hardly surprising”.
“A Modderfontein development should differentiate itself by aiming
at a different price class, but this will, of course, yield lower
returns to the developer.”
at a different price class, but this will, of course, yield lower
returns to the developer.”
Property360
