2009/01/15

Freehold homes priced between R600k and R1,2m are selling well in Jeffreys Bay.

So are sectional title properties, and the price range drawing interest in this segment varies between R600k and R3m.

On average, beachfront apartments are selling for around R1,8m, while golf course stands go for around R400k.

New development is also robust, says Susan van Tonder, manager of the local Chas Everitt International franchise, as evidenced by the large mixed-use development on Jeffrey's periphery. Named The Fountains, this development covers over 40,000sqm and includes a large retail component of 120 stores as well as space for residential, office and industrial development.

The project has created more than 400 new permanent jobs and the benefits for the local economy have been palpable, she says. Vacant residential stands at The Fountains start at 427sqm and are selling from R328k.

Meanwhile, the retirement node in the development has piqued the interest of a number of buyers. It includes frail care facilities, heated swimming pool, a community centre and manicured gardens. A medical centre is also being built adjacent. Off-plan 30sqm bachelor flats here are already selling from R345k.

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