Gauteng Business News

Send  Share  RSS  Twitter  13 Jul 2010

PROPERTY: Midrand Estates Continues to Shine


Recent Gauteng Business News

The massive Midrand Estates development near Centurion has come through the recession with flying colours and demand remains exceptional.

That’s the word from Ananda du Plessis and Lynette Gregorowski, owners of leading local agency RealNet Midrand Estates office, who conclude between 10 and 15 transactions a month.

“In contrast to many other regions, demand for units in the three villages comprising Midrand Estates, namely Midstream, Midfields and Midlands, never really diminished during the recession and our monthly sales turnover since October 2008 has stayed constant,” says Du Plessis.

“The great attractions are the secure lifestyle and superior facilities available to residents. Midrand Estates is also benefitting from the so-called ‘edugration’ trend - a high percentage of buyers are attracted by the reputation of Midstream College, which caters for babies from three months and children from pre-primary to grade 12.”

Du Plessis adds that the Retire@Midstream complex currently under construction, is further boosting demand in Midrand Estates. “Situated in the Midlands village, the complex offers about 500 units, of which about 25% have been sold. First occupation has been set for June.”

Prices here range between R700 000 and R3m and sectional as well as full-title units are available. Monthly levies range between R700 and R2500 for the sectional title units and cover full maintenance of units and gardens.

Residents will have access to a wide range of facilities, including a library, bowling greens, walking trails, 24-hour paramedical staff, a ‘smartbox’ that alerts medical staff in cases of emergency, as well as meals and transport to shops and doctors. New medical suites at the retirement village will be ready for occupation in June and several local medical doctors will relocate to the premises.

Units are designed for easy living and access, with particular reference to wheelchairs.

A frail care centre with full services will open later this year to accommodate residents who can no longer look after themselves in their own units. The monthly costs for frail care will be around R6500 per person.

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