This project is based in the Affordable Housing segment in Groblerpark extension 71 in Roodepoort, Johannesburg.

The servicing of the stands is already at an advanced stage, with the civil engineering works having been completed late in 2010. The electrical reticulation is currently being installed and should be completed in March, after which stands will become transferable to the individual purchasers and construction of new affordable homes will commence on a plot and plan basis.

JFS has allocated stands to a number of top structure developers who are offering complete housing packages starting at R375 000 for a 40 square metre house (stand and house, fully inclusive of all costs) up to just under R600 000 for a 90 square metre house. The final package price is dependent on the individual house specification and finishes selected.

The development is well located and is close to a number of schools, different transport routes, churches and shops, with West Gate Shopping Centre approximately a 10 minute drive away. The top structure developers to whom JFS have sold stands are extremely excited about the market in the area, stating that the lack of suitably priced stands in and the large market demands in the western areas of Johannesburg have resulted in brisk sales.

Nedbank Corporate Property Finance: Affordable Housing is excited to be involved in this development with JFS. Manie Annandale, Head: Nedbank Corporate Property Finance Affordable Housing says, “The developers have shown a sound knowledge of the needs of the market, township development procedures and technical matters relating to the industry. JFS, established some 20 years ago have always focused on providing affordable entry level bonded housing and have to date completed a number of cluster housing projects, student accommodation, sectional title apartments, industrial, affordable housing (over 7 000 stands) and RDP townships (some 10 000 stands). They also boast a substantial pipeline of future affordable residential projects and are currently marketing stands in eleven different projects throughout the Gauteng and Mpumalanga provinces.

What is particularly important about this development is that the site also capitalises on the existing local infrastructure and amenities that are all in close proximity. This means that eventual home owners will have access to such facilities” says Annandale.