Seeff Property Expo of New Developments: Hopes For Another Sell-Out Experience

Private Property South Africa
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Seeff Property Expo of New Developments to be Held at Sandton City Banking Mall, 22-28 February

At a property expo held in the banking mall of Sandton City last November, Seeff Sandton Projects launched a new off-plan development in Halfway Gardens, Midrand. Called Long View Security Estate, this complex of 38 two-bedroom units sold out at an average price of R535 000 a piece.Glen Fisher, Projects Director at Seeff Sandton said that local and international investors snapped up the units for the purpose of investment rental. “There is a growing demand in the area for quality rentals, and the expected rental in August 2011 will be around R5300, giving the investor a healthy monthly return. Capital gain is expected to be around 6% per annum for the first 3 years.”Seeff Sandton are hosting another developments expo in the banking mall at Sandton City from 22 to 28 February 2011, and will be launching three new developments here. Says Fisher: “These range from stands at R540 000 to full title clusters from R3.5m to R4.5m. We are hoping to have the same response as at the pervious development launch!”Fisher adds that Seeff Sandton’s marketing and sales department has identified that general interest in the development market has definitely picked up in the last 6 months. “We are happy that the banks are finally granting home loans again across the board, to investors and first-time home buyers. Of the last 30 development sales concluded, we experienced only a 20% decline rate by the banks, which means that the buyers are becoming more educated and qualified in terms of affordability for good-quality stock.Our Projects Division is geared up to offer developers a turnkey solution, from inception of the development to final registration, making the process for developers as well as buyers a much smoother experience.”Contact Glen FisherProjects Director – Sandton – Midrand Cell: 079 491 7941Office 011 784 1222Fax 086 600 7941Email: glen.f@seeff.com

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