Residential property developer Balwin says its second clearwater lagoon is being developed at its Munyaka (Waterfall) estate and is expected to be completed during the 2023 financial year.
Balwin develops large-scale sectional title estates for the low-to-middle income population. Estates typically consist of between 1,000 and 2,000 sectional title residential apartments and are located in the targeted nodes of Johannesburg, Tshwane, the Western Cape and KwaZulu-Natal.
All apartments will be fibre-ready and include a Scandinavian-style kitchen, eco-friendly appliances, a balcony for outdoor entertaining, and pre-paid water and electricity meters, Balwin said. A 1 bed, 1 bath Exclusive Lifestyle apartment starts from R899,900, while a 5 bed, 5 bath from R30 million. Overall demand for one- and two-bedroom apartments remained strong and comprised approximately 80% of the total apartments recognised in revenue – 10,437, it said.
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