Project Description The project aims to build 1 000 affordable residential apartments, comprising one-bed units at 24 m2, two-bed units at 36 m2 and three-bed units at 54 m2 on a rental basis. The apartments are targeted at households with an employment history and a joint household income of not more than R22 000 a month. The rental cost will not exceed 30% of the tenant’s household income.
The development includes a convenience retail centre, communal gardens, children’s playgrounds, a creche and daycare facilities, five-a-side soccer pitches and basketball courts and a communal recreational clubhouse for all the residents.
The estate will also include an on-site furniture workshop so that residents can build and/or assemble their own flat-pack furniture on site.
Potential Job Creation Not stated.
Capital Expenditure R500-million.
Planned Start/End Date The project broke ground in September 2020.
Latest Developments None stated.
Key Contracts, Suppliers and Consultants None stated.
Contact Details for Project Information Amdec Group (Cape Town), tel +27 21 702 3200 or email email@example.com.