The revival of Johannesburg’s inner city has seen an escalation in the value of property, making it more difficult for government and non profit organisations to provide much needed social housing for low-income earners.
George Palmer, one of Johannesburg's first big investors in inner-city residential property, is about to sell most of his portfolio.
Another major residential development is being planned for the popular Newtown precinct in the inner city.
Johannesburg Housing Company CEO Taffy Adler said that the new R100m Brickfields residential project in Newtown, Johannesburg, launched yesterday, would see the first high-rise residential buildings erected in the inner city in about 30 years.
Inner-city housing is being snapped up and cleaned up While suburbia is steadily being transformed into a morass of ill-planned, overcrowded business nodes, Johannesburg's inner city is winning a war to create proper middle- and working-class housing, underpinned by a social housing programme.
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