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IOLProperty - South African Property For Sale
Tuesday Oct 23, 2012

Cape's largest mixed-use property development under way

The first beneficiaries - one of whom has been on the city's housing waiting list for 40 years - will move to Pelican Park, the city's biggest mixed-use housing development, by June next year.

The R500-million development will see more than 3 200 houses being built with 2 100 homes to benefit people on the city's housing waiting list.

During a site visit yesterday, project manager for the site from Power Construction, Percy Knight, said construction of roads would start next month.

The development includes 760 GAP houses selling for R290 000 for people who earn between R3 500 and R15 000, and 360 open-market houses selling from R460 000 to R620 000.

About 70 "house shops" will be available for operating a business from a home. These will sell for R288 500.

The development has a shopping centre set for completion at the end of next year. The site also makes provision for two schools and a clinic. Knight said they were hoping to complete the project in 2016.

Yesterday, Mayco member Ernest Sonnenberg said the development catered for people from different incomes levels. Peter Oscroft, the city's head of special projects in human settlements, said the city was contributing R240m towards the project. The city is finalising the beneficiary list, which is being displayed at housing offices and libraries around the city.

Cape Times

 
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