Joburg’s new Central Park City was completed last week and the first units in the development have already been sold and are expected to attract significant interest.
Seeff Property Group chairman Samuel Seeff says the mixed-use development offers units starting from just R589,000.
The new 32 hectare site is located in the heart of the Newlands/Sophiatown development with easy access to major transport routes, UJ and Wits.
The vibrant new neighborhood promises a modern lifestyle in a safe and well-located environment with excellent amenities.
The location aims to attract first-time buyers through affordable pricing and incentives to assist buyers.
The development comprises over 3,450 modern fiber-enabled apartments located in various blocks with private parking.
Residents can choose from one-, two-, and three-bedroom units with interiors that allow for modern, easy-going living.
The unit also features a gas geyser, cooking stove and solar power system to ensure residents are prepared up to Stage 4 load shedding.
Lifestyle amenities that are typically out of reach for first-time buyers are also available at no additional charge.
These include a pool, clubhouse, braai facilities, combination courts (soccer and pickleball), an outdoor gym, and a retail hub consisting of pick-and-pay and click.
There are plenty of landscaped green spaces for leisure and children’s play, and walking trails help support a healthy community lifestyle.
The family-friendly aspect of this development is also evident in the professionally managed children’s play area, on-site nursery and aftercare centre.
Construction will begin soon
Mr. Seeff said the mixed-use district caters to the entire life cycle, from young professionals to families to empty nesters and senior citizens.
The site is being constructed by Urban Dev Property Development and has been comprehensively renovated from a geotechnical and construction perspective.
This includes implementing environmental management. Development work is expected to begin soon.
Mr Seef added that mixed-use integrated developments represent the future of sustainable urban living as they offer unprecedented opportunities in the affordable housing sector.
For first-time buyers, we offer an affordable entry price with incentives such as a one-off First Home Finance (FHF) grant.
Green loan benefits from Edge Certification make homeownership more achievable than ever before.
The Reserve Bank is expected to cut interest rates as part of its new inflation target, and buyers could also benefit from lower interest rates expected over the next few years.
Incentives include lower interest rates and one-time housing subsidies, as well as the opportunity to benefit from on-site lifestyle amenities that residents otherwise would not have access to.
“Apart from purchasing for own use, these units offer significant opportunities for investors,” Seef Property Group said.
“High rental demand for secure lifestyle real estate, combined with the typical capital appreciation seen in pre-occupancy new developments, makes Central Park City an attractive investment option for rental purposes.”
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