Southern Africa
Most valuable property asset in SA — V&A Waterfront
The V&A Waterfront which is valued at about $1 billion (ZAR R13bn) is the icon around which commercial property develops in the Western Cape, South Africa. ... Full story
SA’s Property Sector appeals for calm against Xenophobic attacks
The South African Property Owners Association (SAPOA) on Thursday appealed for calm and the end of attacks on immigrants after a wave of violence that has left at least seven people dead in South Africa. ... Full story
SA’s hotels group to build 500-room hotel complex in Cape Town
South Africa's gaming and hotels group, Tsogo Sun (TSH) on Tuesday said it would begin construction of a 500-room hotel complex in Cape Town’s city centre. ... Full story
Total returns for South Africa’s Property Sector declined
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
Nedbank backs Maseru Mall in Lesotho
Nedbank has provided a syndicated development facility and long term debt funding of R181 million for a major 32,000m² retail centre that launches in Lesotho’s capital, Maseru, today. ... Full story
Most Popular
Watch: A Credible Market, the need for Standards in Property Industry
Valuation standards have a significant role to play in helping to regulate professional practice at national, regional and global levels, promoting professional ethics, integrity, impartiality and trust in valuer activities in the property industry. ... Full story
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