PropertyWeb brings you the latest news in the real estate sector from around Southern Africa. It is managed by Network 9, a division of The High Option Ltd.
Property News

Constitutional Court Confirms that rental market developments must be enrolled with the NHBRC

The Constitutional Court ruling has dismissed with costs an application for leave to appeal by rental market developer – Xantha Properties 18 (Pty) Ltd (“Xantha”) – against a Supreme Court of Appeal ruling which declared that homes that are being built for leasing and rental purposes must be enrolled with the NHBRC. The Constitutional Court […]

Property News

Sandton Gate awarded green 4-Star certification

Sandton Gate, located in South Africa’s economic powerhouse, has been awarded a 4-star certification under the Green Star SA Sustainable Precincts v1.1 tool, following the project’s second-round submission in mid-August. Phase 1 of the development achieved a 5-Star Green Star SA Office v1.1 Design certification in July 2019. Committing to both Precinct and New Build […]

Property News

Sandton Gate awarded green 4-Star certification

Sandton Gate, located in South Africa’s economic powerhouse, has been awarded a 4-star certification under the Green Star SA Sustainable Precincts v1.1 tool, following the project’s second-round submission in mid-August. Phase 1 of the development achieved a 5-Star Green Star SA Office v1.1 Design certification in July 2019. Committing to both Precinct and New Build […]

Property News

Sandton Gate awarded green 4-Star certification

Sandton Gate, located in South Africa’s economic powerhouse, has been awarded a 4-star certification under the Green Star SA Sustainable Precincts v1.1 tool, following the project’s second-round submission in mid-August. Phase 1 of the development achieved a 5-Star Green Star SA Office v1.1 Design certification in July 2019. Committing to both Precinct and New Build […]

Property News

Winelands commercial sector experiencing significant shifts

A decade of corporate semigration and decentralisation fueled the Winelands commercial sector, with increased demand boosting development, however, this has begun to taper off, precipitating a number of significant market shifts. According to Kobus Conradie, Commercial Expert for Lew Geffen Sotheby’s International Realty in Paarl, the commercial market has been significantly impacted by rampant development […]

Property News

Winelands commercial sector experiencing significant shifts

A decade of corporate semigration and decentralisation fueled the Winelands commercial sector, with increased demand boosting development, however, this has begun to taper off, precipitating a number of significant market shifts. According to Kobus Conradie, Commercial Expert for Lew Geffen Sotheby’s International Realty in Paarl, the commercial market has been significantly impacted by rampant development […]

Property News

Winelands commercial sector experiencing significant shifts

A decade of corporate semigration and decentralisation fueled the Winelands commercial sector, with increased demand boosting development, however, this has begun to taper off, precipitating a number of significant market shifts. According to Kobus Conradie, Commercial Expert for Lew Geffen Sotheby’s International Realty in Paarl, the commercial market has been significantly impacted by rampant development […]

Property News

Section 12J hospitality fund launched

Investment into Section 12J venture capital vehicles has seen a huge uptake over the last twenty-four months as investors have realised the extraordinary tax incentive offered by SARS. Section 12J of the income Tax Act provides South African taxpayers with a 100% tax deduction on the amount invested. This allows South African taxpayers (individual, company or trust) to […]

Property News

2019 API Awards winners announced

The API Awards have become a critical benchmark for measuring success for the industry. This year’s awards ceremony took place during a gala dinner during the API Summit in Johannesburg on the 2nd of October, 2019. The awards provided peer recognition for the pioneering world class work and services that were undertaken by the trailblazing real estate industry: ‘Best […]

Property News

Private Property launches inaugural Real Estate Industry Summit

South Africa’s first online property market place, Private Property, has created the Real Estate Industry Summit (REIS), where top industry experts will share insights aimed at igniting future growth of the South African property sector. “In its inaugural year, REIS 2019 will feature a range of top speakers accompanied by local and international property experts, […]

Property News

Pretoria gets new R6bn mixed-use precinct

An artist impression showing one of the buildings at Castle Gate mixed-use precinct in Pretoria developed by property Atterbury Construction has begun on a new multi-billion rand Castle Gate mixed-use development in Pretoria. Castle Gate will comprise 100,000sqm of office space, 40,000sqm of specialist medical facilities, and a hotel as well as 1,100 residential units, […]

Property News

Pam Golding Properties Pretoria seizes opportunity in the commercial property sector

Dominant in the residential property market in Tshwane Municipality, Pam Golding Properties Pretoria has extended its range of services by establishing a dedicated commercial and hospitality division in the region. Says Dr Andrew Golding, chief executive of the Pam Golding Property group: “This has resulted from a growing demand from our existing clients and the […]

Property News

Grenada strikes a chord with South Africans investing offshore and seeking citizenship

Grenada strikes a chord with South Africans investing offshore and seeking citizenship Citizenship by investment in under nine months and visa-free travel to 143 countries, including the EU Schengen area, UK, China, Singapore and Hong Kong, is seeing Grenada in the Caribbean receiving increasing attention from South Africans, including those seeking an ideal holiday home […]