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Total returns for South Africa’s Property Sector declined in 2014

Total returns for South African‬ investment ‪‎property‬ returns fell to 12.9% last year, from 15.9% in 2013, according to figures by the IPD South Africa Annual Property Index report released on Wednesday. ... Full story

High-rise construction activity soars in South Africa

This year is expected to be a busy one for developers as demand for luxury residential apartments in Johannesburg's upmarket suburbs of Sandton, Rosebank and Hyde Park continues its steady rise. ... Full story

Johannesburg gets multi-billion dollar mixed-use development

Billionaire Insurance entrepreneur, Douw Steyn on Thursday unveiled the new multi-billion dollar Steyn City lifestyle estate in Johannesburg with upmakert residential units, golf course and commercial space. ... Full story

A sigh of relief for S.Africa’s Property Buyers as Transfer Duty reduced

Home buyers in South African can breathe a sigh of relief as Finance Minister Nhlanhla made announcement in his 2015 budget speech, which will see reduction in transfer duty that may provide some relief and incentive for aspirant buyers in the lower end of the market. ... Full story

SA Property Owners strongly denounce ban of Foreign Land Ownership Bill

Johannesburg — The proposal ban of foreign nationals from owning land in South Africa announced by President Zuma last week, has placed in doubt and disappointed the South African Property Owners Association (SAPOA). ... Full story

South Africa tightens up Land Ownership for Foreigners

In his State of the Nation Address (SONA) on Thursday to Parliament, President Jacob Zuma said foreign nationals will be barred from owning land in the country, but they will be allowed to enter into long-term lease contracts. ... Full story

Admirable year for South Africa’s listed property sector

The listed property sector notched good returns for investors last year, with analysts expecting another solid year from this asset class. ... Full story

Construction begins on South Africa’s new $7.4bn smart city

Construction has begun on the new $7.4 billion (R84 billion ZAR) new city in Modderfontein, Johannesburg, owned by Hong Kong listed Shanghai Zendai, with development of 300 residential units underway. ... Full story

Germany property player lists on AltX of JSE

London AIM-listed, Sirius Real Estate Limited whose portfolio valued at R6.4 billion based in Germany, today debuted a secondary listing on the Alternative Exchange (AltX) of the Johannesburg Stock Exchange (JSE). ... Full story

The Grove Mall of Namibia opens its doors

The Grove Mall of Namibia – the largest shopping centre ever to be developed in the country, on Thursday commenced trading, spanning 55,000m² shopping destination with national retailers, entertainment outlets and restaurants. ... Full story

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