{"id":787213,"date":"2024-08-18T15:00:00","date_gmt":"2024-08-18T13:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=787213"},"modified":"2024-08-16T16:26:54","modified_gmt":"2024-08-16T14:26:54","slug":"7-game-changer-developments-for-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/787213\/7-game-changer-developments-for-south-africa\/","title":{"rendered":"7 ‘game changer’ developments for South Africa"},"content":{"rendered":"\n

Mixed-use developments are becoming increasingly popular amongst property buyers and investors in South Africa <\/p>\n\n\n\n

Mixed-use developments combine residential, commercial, and recreational spaces within a single precinct. <\/p>\n\n\n\n

\u201cThese projects create synergy by combining various lifestyle elements in convenient locations. For buyers, this translates to a higher quality of life,” said Richard Gray, CEO of Harcourts South Africa.<\/p>\n\n\n\n

“For investors, the diversified nature of these developments often leads to higher returns and reduced risk.\u201d<\/p>\n\n\n\n

Harcourts said that mixed-use developments are a game changer for property buyers and investors. <\/p>\n\n\n\n

The financial benefits of investing in these developments are also becoming increasingly clear, with investors able to capitalise on a variety of revenue streams, including residential and commercial leases. <\/p>\n\n\n\n

The diversification provides a more consistent cash flow and mitigates risks linked to market fluctuations. <\/p>\n\n\n\n

Another benefit is the potential for long-term capital appreciation. <\/p>\n\n\n\n

Urbanisation is driving demand for integrated living spaces, so properties within mixed-use developments are often seen as more desirable, resulting in better resale values over time.<\/p>\n\n\n\n

Buyers can thus benefit from both immediate lifestyle improvements and future financial gains through strategic investments.<\/p>\n\n\n\n

“These developments enhance the quality of life for residents while providing robust investment opportunities for buyers,” said Harcourts. <\/p>\n\n\n\n

“As the property landscape continues to evolve, embracing the mixed-use trend may just be the key to unlocking sustainable and profitable investments in 2024 and beyond.” <\/p>\n\n\n\n

Below are seven prominent mixed-use developments in South Africa: <\/p>\n\n\n\n

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Val De Vie<\/strong><\/p>\n\n\n\n

Val de Vie is set in the Paarl Valley and boasts luxury homes, equestrian facilities, retail spaces and leisure amenities. <\/p>\n\n\n\n

“This development not only offers an unparalleled lifestyle, but it also enables residents to enjoy conveniences within walking distance, thereby enhancing property desirability,” said Harcourts. <\/p>\n\n\n

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Steyn City <\/strong><\/p>\n\n\n\n

Steyn City in Northern Johannesburg also represents a shift towards more sustainable living, as it has large green spaces, entertainment options and a variety of residential offerings. <\/p>\n\n\n\n

“As one of the largest mixed-use developments in South Africa, it features a sprawling park, schools, and a golf course, making it an attractive choice for families and young professionals alike,” said Harcourts.<\/p>\n\n\n\n

“The appeal of such amenities drives demand, which enhances property values and offers a secure investment for buyers.”<\/p>\n\n\n

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Melrose Arch <\/strong><\/p>\n\n\n\n

Harcourts said that Melrose Arch in Johannesburg is a prime example of urban regeneration. <\/p>\n\n\n\n

The precinct offers residential spaces, high-end retail outlets and corporate offices. <\/p>\n\n\n\n

Melrose Arch’s strategic location, right off the M1, makes it a hotspot for both investors and buyers. <\/p>\n\n\n

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Waterfall City <\/strong><\/p>\n\n\n\n

Waterfall City in Midrand, Johannesburg, also highlights a prominent mixed-use development that uses residential, commercial, and leisure spaces within a master-planned environment. <\/p>\n\n\n\n

It has high-end offices, luxury apartments, green spaces and Mall of Africa – South Africa’s busiest mall.<\/p>\n\n\n

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Century City <\/strong><\/p>\n\n\n\n

Near Canal Walk in Cape Town, Century City also combines office space, luxury apartments and recreational facilities. <\/p>\n\n\n\n

It prioritises a pedestrian-friendly environment and ample open spaces.<\/p>\n\n\n

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Rosebank <\/strong><\/p>\n\n\n\n

Rosebank in Johannesburg has been regenerated in recent years. <\/p>\n\n\n\n

The area is known for its vibrant atmosphere and its proximity to the Gautrain station, which allows easy access to the rest of Johannesburg and Pretoria. <\/p>\n\n\n

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Kyalami Estates <\/strong><\/p>\n\n\n\n

Kyalami Estates combines luxury residential living with commercial space and ample amenities, such as schools, shopping, and recreational facilities.<\/p>\n\n\n\n

The area is designed within a secure environment.<\/p>\n\n\n

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Read<\/strong>: R500 per month relief for homeowners in South Africa right around the corner<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Harcourts South Africa says that mixed-use developments often lead to higher returns and reduced risk. <\/p>\n","protected":false},"author":95,"featured_media":782664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[11875,26],"class_list":["post-787213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-harcourts","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/787213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=787213"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/787213\/revisions"}],"predecessor-version":[{"id":787316,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/787213\/revisions\/787316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/782664"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=787213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=787213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=787213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}