Balwin Properties has launched its R10 billion Munyaka development in Waterfall City, which is home to one of the biggest crystal-clear lagoons in the southern hemisphere.
The development has already completed its first phase, with 1,000 apartments completed and occupied, while the arched lifestyle centre – which features gym facilities, restaurants and more – is also open for businesses.
On completion in 2023, the development will boast 5,020 fibre-ready apartments featuring a Scandinavian-style kitchen, free eco-friendly appliances, a balcony or patio for outdoor entertaining, plus pre-paid water and electricity meters.
Munyaka will also offer residents other amenities such as an on-site concierge, meeting rooms, a swimming pool, laundromats, a cinema, a wellness spa and water activities such as paddle boarding and canoeing.
The Munyaka development plan is expansive.
The main highlight of the development is the 3-hectare (30,000 square metres) clear-water lagoon at the centre of the project, which Balwin describes as bringing “Hollywood-style beach living to Johannesburg”.
This makes the lagoon double the size of the clear-water lagoon the developer built at The Blyde in Pretoria.
Pricing for apartments around the lagoon starts at R3 million and go up to R70 million.
- 1 Bed, 1 Bath from R2,999,900 Lagoon & beach facing
- 2 Bed, 2 Bath from R3,799,900 Non-Lagoon Facing
- 2 Bed, 2 Bath from R4,399,900 Lagoon & Beach Facing
- 3 Bed, 3 Bath from R9,999,900 Lagoon & Beach facing
- 6 Bed, 5 Bath from R69,999,900 Lagoon & beach facing
However, the development also goes far beyond just the ‘lifestyle’ apartments surrounding the lagoon.
According to Balwin, the bulk of the apartments in the development that are not located around the lagoon will retail from R989,900 for a one-bedroom, one-bathroom apartment to R2,369,900 for a three-bedroom, two-bathroom garden apartment.
- 1 Bed, 1 Bath from R969,900 Small
- 1 Bed, 1 Bath from R1,119,900 Medium
- 1 Bed, 1 Bath from R1,439,900 Luxury
- 2 Bed, 2 Bath from R1,679,900 First Floor
- 2 Bed, 2 Bath from R1,979,900 Penthouse
- 3 Bed, 2 Bath from R2,369,900 Garden
The group said that to ensure a community-based lifestyle and world-class security, it has implemented a strict no short-term letting policy at Munyaka. This is ostensibly to avoid the same conflict and issues surrounding short-term letters that hit The Blyde.
The development of Munyaka resulted in several infrastructure upgrades in the node, including the improvement of Mia Road by Balwin at a cost of over R100 million.
Additional infrastructure upgrades are planned for the long term include the establishment of a Gautrain station within walking distance from Munyaka, the extension of the K60 from Van Der Bijl Avenue to Allandale Road, as well as the establishment of a world-class sporting facility and retail convenience centre of approximately 20,000 square metres.