{"id":236565,"date":"2018-04-09T13:07:06","date_gmt":"2018-04-09T11:07:06","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=236565"},"modified":"2018-04-09T13:07:06","modified_gmt":"2018-04-09T11:07:06","slug":"a-look-at-the-massive-new-zimbali-lakes-luxury-resort-on-kzns-north-coast","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/236565\/a-look-at-the-massive-new-zimbali-lakes-luxury-resort-on-kzns-north-coast\/","title":{"rendered":"A look at the massive new Zimbali Lakes luxury resort on KZN\u2019s North Coast"},"content":{"rendered":"

The massive new multi-billion-rand Zimbali Lakes Resort development is continuing to draw investor financing, with architects and developers showing off some of the new luxury housing and apartments coming to the area.<\/p>\n

Zimbali Lakes Resort was relaunched in November 2017, following years of legal battles. The 300-hectare development will provide in excess of 2,700 residential opportunities, and will be developed by Kuwait’s IFA Hotels and Resorts over the coming decade.<\/p>\n

The resort will consist of five main nodes that, between them, will provide multi-generational, mixed-use offerings to suit the specific needs of a broad range of investors; catering for both commercial and residential needs, including a R3 billion, 750-unit retirement lifestyle village and an 18-hole golf course.<\/p>\n

At the latest release, the development has drawn over R700 million worth of sales since its launch.<\/p>\n

One of the latest new developments within the Zimbali Lakes Resort is an\u00a0executive-style, lock-up- and-go studio apartment project called Boulevard Suites.<\/p>\n

According to IFA, the suites have a strong rental market pull, offering residents the prestige of a Zimbali address and access to the world-class amenities on offer within this secure gated estate.<\/p>\n

“Our market research has shown there is a huge demand for a product like Zimbali Lakes, and investors are looking to pour their capital into a product which will be successful.\u201d says Adriaan Van Schoor, Assistant Vice-President of Sales, IFA Hotels and Resorts.<\/p>\n

“Boulevard Suites is closely modelled on the Zimbali Suites product and is set up to attract investors looking to earn a strong rental return and see their capital grow – based on this, we are confident Boulevard Suites will be hugely successful.”<\/p>\n

Since launch, units at Zimbali Suites have seen as much as 20% capital appreciation, and it is expected that Boulevard Suites will enjoy the same growth.<\/p>\n

The units are priced from R960,000, and stack up competitively against peers. By comparison, the units are priced about 32% lower than similar sectional title opportunities in Ballito, the group said.<\/p>\n

Boulevard Suites have seen sales of over R40 million in only six weeks since the development launched.<\/p>\n

Boulevard Suites<\/strong><\/p>\n

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Zimbali Lakes Resort<\/strong><\/p>\n

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