South Africa’s millionaires living in world-class estates like Val de Vie face hefty fines for breaking the rules.
Val de Vie is one of South Africa’s top luxury lifestyle estates. It offers high-end homes for an affluent clientele, but breaking its rules can result in fines as high as R20,000.
Val de Vie comprises several distinct neighbourhoods, including Pearl Valley, the Polo Village, the Gentleman’s Estate, the River Club, the Reserve, the Vines, the Acres, and the Evergreen Val de Vie retirement village. The total value of the completed 1,300 homes and apartments in Val de Vie, plus the estate’s amenities and facilities, including the Pearl Valley Jack Nicklaus Signature golf course, totals R15 billion with an average value per home in excess of R10 million.
Of the properties currently on sale, the average listing price of a one-bedroom apartment is R4.8 million, while homes with five bedrooms or more are averaging R23.85 million. Due to its world-class standards, the estate and its Home Owners Association —as well as its trustees—have strict rules and costly fines that come with them.
According to the Estate Rules, a maximum speed limit of 40 km/h applies, and transgressing this limit will cost between R500 and R10,000, depending on your record.
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