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The question around the repo rate in September is not whether there will be a cut but what that cut will be. Who says the repo rate will be cut in September? For a start, Nedbank, Standard Bank, Absa, Bloomberg, Bank of America, Investec, the Bureau for Economic Research, Prescient Investment Management … we can […]
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The not-so-affordable Affordable Property market
South Africa’s tough economic conditions are mirrored in the country’s Affordable residential property, where value has risen over the past few years but volumes have dropped. There are approximately 2.8 million formally registered “Affordable” residential properties in South Africa which accounts for half of the country’s 5.6 million registered properties Lightstone has estimated values for. Formal […]
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TOTAL VALUE OF BONDS GRANTED BY OOBA HOME LOANS FOR NEW DEVELOPMENTS HAS QUADRUPLED SINCE 2021
The total value of bonds granted by ooba Home Loans for new developments has quadrupled since 2021. To back this up, recent data has indicated that a significant number of South Africans are preferring to build new homes with StatsSA’s latest figures pointing to a strong interest in new builds with the total value of […]
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QUESTIONABLE BOARD APPOINTMENTS COULD BE AT THE HEART OF JPC PROBLEMS, SAYS IODSA
A slew of recent media reports indicate that the Johannesburg Property Company has appointed several individuals to its board who, on the face of it, do not possess the necessary skills to govern a significant municipal entity with a property portfolio worth an estimated R8.7 billion. These appointments, which are reported to include a receptionist, […]
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BOKSBURG GETS MAJOR HOUSING UPGRADE WITH A NEW 1 600 APARTMENT DEVELOPMENT FROM URBAN DEV
Launched on the 21st of April 2023, Urban Dev in partnership with Raubex Building (Pty) Ltd and MortgageMarket (Pty) Ltd, are proud to announce their latest residential development, On Riverbend Lifestyle Estate which offers a unique and integrated living experience in one of Boksburg’s most desirable neighbourhoods, Parkdene. Residents can expect to escape the hustle […]
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LARGEST DEVELOPMENT LAUNCHED AS FIRST URBAN INCLUSIONARY INITIATIVE IN STELLENBOSCH
Newinbosch, a R2.4 billion 48-hectare mixed-use neighbourhood in Stellenbosch, has been launched as the significant first project to come online as part of the Stellenbosch Municipality’s inclusive urbanisation initiative, the Adam Tas Corridor Local Spatial Development Framework. Situated on the urban edge of the town’s northern extension, it is currently the largest mixed-use residential development […]
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The property development and construction industry in the Western Cape is calling for policy implementation across all spheres of government that will ensure all development projects incorporate pro-active community engagement from the time projects are deemed viable and hit the planning/design stage. This comes in the wake of violent disruptions seen across the country on […]
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SCA invalidates by-laws restricting the transfer of immovable property
In Govan Mbeki Local Municipality and Another v Glencore Operations South Africa (Pty) Ltd and Others, the Supreme Court of Appeal (SCA) had to determine the constitutionality of section 76 of the Govan Mbeki Spatial Planning and Land Use Management By-law of 2016, and section 86 of the Emalahleni Municipal By-law on Spatial Planning and […]
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Release: Immediate 29 December 2021 The MMC for Development Planning, Cllr Belinda Echeozonjoku, has lifted the temporary halt onthe issuance of certificates of occupancy (CoO) and temporary occupation, with effect fromMonday, 3 January 2022, as she is satisfied with the corrective measures put in place by thedepartment, which will prevent fraudulent CoOs from being issued. […]
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NHBRC pilots online services platform for building services
The National Home Builders Registration Council (NHBRC) has piloted its online services platform for builder registration and renewal applications which will enable home builders, contractors, and property developers to submit their applications for registration and renewal of their membership online. The first pilot commenced on the 7th of December 2021 in KwaZulu-Natal, and it will be […]
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City of Johannesburg Metropolitan Municipality: Planning Circular: 1/2021/LUDM
Guidelines Regarding Circulation & Following up of Comments (Clearances) from MOE’sand State Departments The purpose of this circular is to provide guidelines to applicants on the steps to be followedwhen comments have been circulated to various Municipal Owned Entities (MOEs) and StateDepartments as part of the Post Approval process of various applications attended to by […]
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City of Joburg goes digital and ends paper-based building plan applications
06 November 2021 The City of Joburg Department of Development Planning is fully migrating to its Construction Permit Management System (CPMS) digital platform and doing away with paper-based manual submissions for building plan applications. As of 03 January 2022, architectural professionals who are registered with the South African Council for the Architectural Profession, are to […]
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City of Johannesburg Metropolitan Municipality: Review of the Spatial Development Framework 2040
Notice is hereby given in terms of Section 20 (3) Of the Spatial Planning and Land UseManagement Act 2013 (Act No. 16 of 2013) that the City, at its Ordinary Council meetingon 26 August 2021, declared its intention to review its Spatial Development Framework2040 (SDF2040). Spatial Development Frameworks are described by the Municipal Systems Act […]
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Issuance of Certificates of Occupation temporarily halted
I hereby notify you of the temporary halt on the issuance of Certificates ofOccupation and Temporary Occupation. This is to allow Development Planning the opportunity to address concerns ofirregular issuances that have been raised by City Councillors and members of thepublic. Considering that the construction industry closes for the Holiday Season, theDepartment will take this […]
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FNB is the sponsor of the SAARDA golf day on 18 November 2021 at Eagle Canyon Golf Club
We are delighted to announce FNB as the official sponsor of the SAARDA golf day on 18 November at Eagle Canyon Golf CourseThe 3 Property CEO’s of FNB Lee Mhlongo (FNB Home Finance), Marius Marais (Chair FNB Mortgage Advisory Board) and Praven Subbramoney (CEO – Private Bank Lending) will attend the dinner. Lee Mhlongo is also the […]
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Development Contributions Policy adopted by Council
07 October 2021 Release: Immediate The Department of Development Planning welcomes the adoption of the City of Johannesburg Development Contributions Policy granted by Council today. Development Contributions are a once-off charge levied by municipalities on the landowner, as a condition for approving a land development application, to cover the capital costs incurred by the municipality […]
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When is an erf regarded as a ‘registered erf’?
The arbitrary and incorrect interpretation of legal principles and the current law by municipal officials can lead to disastrous consequences. In the affordable housing market it is important that the policies and business rules of municipalities reflect the correct legal position as prescribed in legislation. If not, it introduces procedures which are not constitutional and […]
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