The renovated new Pine Crest launched today after an innovative R200m, 14-month multifaceted refurbishment by owners Vukile Property Fund, updating it to the newest international standards.
A breakfast event held jointly by the South African Property Owners Association (SAPOA), Women’s Property Network (WPN) and the South African Institute of Black Property Practitioners (SAIBPP) sponsored by Beier Group and the Durban ICC, took place at Durban’s ICC on 13 February 2019.
Roads are the hallmark of a progressive society and have profound impacts on the communities they serve. The almost complete Mount Edgecombe N2/M41 Interchange at uMhlanga on KwaZulu-Natal’s rapidly expanding North Coast, is one such development that will have a significant impact on this area’s urban quality and spatial connectivity.
With all development rights in place, civil construction on the much awaited Ntshongweni Urban Development will commence in early 2019.
This year marks a significant milestone for the City as the eThekwini Municipality prepares for the much-anticipated start of service of the first route of the new GO!Durban integrated public transport network from Pinetown’s CBD to KwaMashu’s Bridge City.
Drivers and commuters in the Mt Edgecombe area will have noticed a significant improvement in traffic flow since the upgraded 4-lane Flanders Drive M41 Bridge has been opened.
It has been common practice for municipalities to sell vacant properties for both commercial and residential development, subject to a title deed condition that the property must be improved within a certain period or the properties would revert back to the municipality.
On a national average basis, a continuation of the gradual rise in average time of homes on the market prior to sales points to a housing market moving away from equilibrium, and into a space where supply exceeds demand.
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