A R3bn luxury apartment development at the Houghton Golf Club has been put on hold because of a financial dispute between contractors Murray & Roberts and the developer, Asvid Holdings, which evidently owes the construction company R150m.

The launch of The Houghton Hotel is setting a new bar for Johannesburg’s hospitality industry, ensuring that the city will finally be able to offer travellers accommodation in an establishment with a variety of lifestyle amenities on par with the world’s most prestigious six- and- seven-star hotels.

A development master plan which recognises the powerful trend towards a sophisticated community-based country lifestyle will see Pearl Valley Golf & Country Estate reach its full potential under the stewardship of new shareholder Standard Bank.