Tax Partner at Cameron & Prentice Chartered Accountants, Dave Warneke, explains just what tax aspects are involved in setting up a close corporation and how a trust can be indirectly utilised for owning commercial property

Thursday, 31 January 2008 02:00

Renting still best bet

Until recently the office sector of South Africa's property market was generally in the hands of tenants, with an oversupply of office space keeping a firm lid on rental growth. In some cases landlords even had to lower their asking rentals once leases came up for renewal in order to retain tenants

Nedbank Corporate Property Finance today announced that it has funded the R160 million development of the Woodmead North commercial development on behalf of Zenprop Property Holdings

The national housing department is expecting to finalise its proposed inclusionary housing policy by the end of next month. It also wants to introduce legislation to assist municipalities in implementing the policy

Wednesday, 11 April 2007 02:00

Inclusive, voluntary housing policy sought

Commercial property association Sapoa has come out in support of a voluntary, incentivised, inclusive housing policy rather than a compulsory one

A property comprising a café, plant nursery and flat and situated in busy Koeberg Road in Rugby, in the burgeoning Milnerton area of Cape Town, is soon to be auctioned by Pam Golding Commercial Properties.

AUCTION Alliance will conduct one of the country's largest property portfolio auctions next month, with a R200m multiple commercial property sale.

The strong growth in property values has been a mixed blessing for SA's listed property sector, which is struggling to purchase fixed properties, as there seem to be so few sellers.

On the back of a strong run over the past three years, the listed property sector is expected to produce a total return of 16% over the next year - made up of 10% growth in distributions and 6% growth in capital.

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