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...
SAFMA and Facilities Management Expo unite for industry advancement
Facilities Management Expo 2024, which will take place at Gallagher Convention Centre in Midrand, from 28 to 30 May 2024, has received a boost...
Unchanged rates decision expected to be mildly positive for commercial property and mortgage demand
The unchanged repo rate decision was as expected by FNB. This means that the SARB has kept interest rates unchanged since May 2023, after...
First units snapped at Growthpoint’s Arterial Industrial Estate development in Blackheath
Growthpoint Properties (JSE: GRT) has let the first two of six units in phase one of its new Arterial Industrial Estate development in Cape...
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.
MUST READ
Northern Cape highlights compelling investment opportunities
Northern Cape highlights compelling investment opportunities
The Northern Cape province is ideally positioned to serve as the next economic and industrial growth node for South...