Forge Homes announces expansion into Western Cape through acquisition by Only Realty Holdings
Forge Homes, a residential property company specialising in the sales and marketing of new developments, has announced its expansion into the Western Cape market...
Collins converts to Reit, increases dividend by 50%
Collins Property Group has in the year to end February doubled its profit from continuing operations from R516.9m in 2023 to R1,21bn.
The company, which...
Increased competition and bond switching set to shake up the SA property market
As interest rates remain stable against the backdrop of a challenging economic climate, banks are being pushed to innovate and offer more competitive home...
Cape Town’s luxury residential market proved resilient in 2023 despite successive interest rate hikes
ACCORDING to The Wealth Report, Knight Frank’s flagship research report – prime residential prices surprised on the upside in 2023.
Of the 100 markets tracked...
Council approves new spatial vision for Maitland
The City of Cape Town’s Council approved the local spatial development framework (LSDF) for Maitland at its meeting on Wednesday 27 March. The LSDF...
Growthpoint Properties issues R1 billion 10-year bond
GROWTHPOINT Properties has issued a R1 billion senior unsecured bond with a 10-year maturity.
The offering came after strong investor interest in long-term Growthpoint debt,...
Investors are snapping up prime properties in the Western Cape
There is a major surge in investment in buy-to-let properties across South Africa, with the Western Cape leading the pack.
"We're seeing a 15 year...
Vukile raises R1 billion in equity as it eyes growth opportunities
Vukile Property Fund will issue R1 billion of new ordinary shares, following a successful accelerated book build. The equity raised will boost Vukile’s financial...
Political and economic certainty will boost SA residential property sales
ESTATE agents surveyed by Lightstone at the end of 2023 say political and economic certainty will lead to better residential property sales after a...
Cape Winelands Airport to be the centre of new growth node for the city
Large-scale developments in the Fisantekraal area will see the City of Cape Town expand in the east.
The R7 billion Cape Winelands Airport is one...
Property Development Sector News
Property development news on Cape Business News (CBN) highlights trends in construction, urban planning, and real estate investment shaping South Africa’s property sector. CBN provides updates on regulatory changes, sustainable building practices, and market dynamics that influence property development. This sector’s news is essential for developers, investors, and contractors aiming to stay informed on project opportunities, compliance, and economic trends.
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Roadshow aims to support energy and water resilience for Western Cape...
Open call to Western Cape businesses to register for green economy support help desk in their district
IN achieving energy and water security and climate...