{"id":840813,"date":"2025-10-26T11:00:00","date_gmt":"2025-10-26T09:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=840813"},"modified":"2025-10-26T06:28:13","modified_gmt":"2025-10-26T04:28:13","slug":"new-city-launches-in-south-africas-richest-province","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/840813\/new-city-launches-in-south-africas-richest-province\/","title":{"rendered":"New ‘city’ launches in South Africa’s richest province"},"content":{"rendered":"\n

Joburg\u2019s new Central Park City launched last week, with the first units already sold in the development expected to see significant interest. <\/p>\n\n\n\n

This is according to Samuel Seeff, chairman of the Seeff Property Group, with the mixed-use development offering units from a mere R589,000.<\/p>\n\n\n\n

The new 32-hectare site is located in the heart of the Newlands\/Sophiatown development, and offers easy access to major transport routes and UJ and Wits. <\/p>\n\n\n\n

The vibrant new precinct promises a modern lifestyle in a secure, well-located environment with exceptional amenities. <\/p>\n\n\n\n

The location aims to attract first-time buyers through accessible pricing and incentives to assist buyers.<\/p>\n\n\n\n

The development comprises over 3,450 modern, fibre-ready apartments, located in various blocks with dedicated parking.\u00a0<\/p>\n\n\n\n

Tenants can choose one, two and three-bedroom units, with interiors allowing for modern, carefree living. <\/p>\n\n\n\n

Units will also feature gas geysers, cooking hobs, and solar systems to ensure residents are prepared for up to Stage 4 Load Shedding.<\/p>\n\n\n\n

Lifestyle amenities, typically out of reach for first-time buyers, are also available at no extra cost. <\/p>\n\n\n\n

These include a pool, clubhouse, braai facilities, combi courts (soccer and Pickleball), an outdoor gym, and a retail hub comprising a Pick \u2018n Pay and Clicks. <\/p>\n\n\n\n

Plenty of landscaped green areas exist for leisure and children to play, while a walking trail also helps cater to a fit and healthy community lifestyle.\u00a0<\/p>\n\n\n\n

The development’s family-friendly aspects are also evident in the professionally managed play areas for children, on-site cr\u00e8che, and aftercare centre.\u00a0<\/p>\n\n\n\n

Soon to start construction<\/h2>\n\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n\n

Seeff noted that the mixed-use precinct caters to the full life cycle, from young professionals to families and older, empty-nesters.<\/p>\n\n\n\n

The site is being constructed by Urban Dev Property Development, with the site comprehensively rehabilitated from a geotechnical and construction perspective. <\/p>\n\n\n\n

This includes environmental management in place. Construction on the development is set to commence soon.<\/p>\n\n\n\n

Seeff added that mixed-use, integrated developments represent the future of sustainable urban living, as they bring unprecedented opportunities to the affordable housing sector. <\/p>\n\n\n\n

For first-time buyers, they offer affordability at a good entry price, with incentives including a once-off First Home Finance (FHF) subsidy. <\/p>\n\n\n\n

Green loan benefits from the Edge Certification also make homeownership more attainable than ever.<\/p>\n\n\n\n

Buyers can now also benefit from expected lower interest rates in the coming years, with the Reserve Bank expected to lower interest rates as part of its new inflation target. <\/p>\n\n\n\n

Incentives include the opportunity to benefit from a lower interest rate and a once-off housing subsidy, together with lifestyle amenities in the estate which residents might not otherwise have access to.<\/p>\n\n\n\n

\u201cAside from purchasing for own use, these units also present a tremendous opportunity for investors,\u201d said the Seeff Property Group.<\/p>\n\n\n\n

\u201cThe high demand for rentals in secure lifestyle estates, combined with the typical capital growth seen in new developments before occupation, makes Central Park City a compelling investment option for rental purposes.\u201d <\/p>\n\n\n\n

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Images of Central Park City<\/h2>\n\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n
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Source: Seeff Property Group<\/figcaption><\/figure><\/div>\n\n\n
\n","protected":false},"excerpt":{"rendered":"

Central Park City has launched in Joburg, with the mixed-use development offering housing units complemented by retail offerings. <\/p>\n","protected":false},"author":95,"featured_media":840830,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[23573,11693],"class_list":["post-840813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-central-park-city","tag-seeff-property-group"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840813","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=840813"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840813\/revisions"}],"predecessor-version":[{"id":840994,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840813\/revisions\/840994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/840830"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=840813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=840813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=840813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}