Affordable living in sought-after Cape
Michelle Swart finds out about two new apartment blocks that have launched at Buh-rein Estate
LOCATED 25 minutes from Cape Town between Durbanville and Kraaifontein, Buh-Rein Estate is situated on 87,62ha and will include 86 subdevelopments, with 3 241 apartments, 133 freestanding homes and 137 townhouses.
MSP Developments has launched two new apartment blocks in the estate, both priced at under R500 000 a unit.
CEO Riaan Roos says his group’s mission is to facilitate community upliftment by providing superior quality, affordable housing.
“This sector of the market has tended to be overlooked by most, which may explain why we are seeing such a great response to Buh-Rein Estate. Of the first six apartment developments of 252 apartments that we released, 181 have been sold in just over nine months.”
The rapid sales have prompted MSP Developments to launch the next two apartment developments, both priced at under R500 000 a unit.
Saint Clair, which consists of 54 units with standard finishes, offers buyers two-bedroom units with one full family bathroom and one parking bay, while Knotting Hill, which consists of 39 units with premium finishes, offers buyers two-bedroom units with one full family bathroom and one parking bay.
“MSP Developments is proud to focus on bringing great quality, affordable homes to the average South African. We focus on providing entry to middle-income housing, developing where the greatest demand is and introducing offerings such as Buh-Rein Estate. I have been involved in this market for more than 20 years, having recognised that funding and development of this type of housing is the key to resolving a lack of affordable housing in SA,” says Roos.
Buyers in any complex in the estate are getting more than a well-priced property — they also buy into the convenience and benefits of a fully equipped lifestyle suburb. Facilities include state-ofthe-art security, with manned guards, CCTV, an on-site control room, vehicle patrols and access control to developments, as well as plenty of open spaces with jogging and running trails, a sports field and parks, a private school, a crèche, a church, a drive-through facility and shopping centre, including a petrol station.
Roos says the estate is seeing a good response from both investors and future residents.
“We have found that many people choose Buh-Rein apartments as the perfect solution for their student children, since it is only 16km from Stellenbosch and there is daily shuttle from the estate to Stellenbosch.
“The estate is only 3km from the N1 highway, so it is well located for accessing all aspects of greater Cape Town, the Winelands and False Bay.
“The affordable housing market has the biggest demand, not only in Cape Town but countrywide, which far outstrips past and present supply. This, in turn, will lead to apartments such as those in Saint Clair and Knotting Hill appreciating faster in value than higher-priced units, and this bodes well for household wealth creation and upliftment in this sector.”
The first complexes at BuhRein Estate are due for completion this year, as is as the estate’s management centre and sports clubhouse. Price: Saint Clair from R449 900 for first and second floor units to R469 900 for ground floor units Knotting Hill from R479 900 for first and second floor units to R499 900 for ground floor units. R10 000 deposit secures. Contact: MSP Sales David Britz 084 547 7000 Office 021 801 5400
Knotting Hill, has 39 units with premium finishes, and offers buyers two-bedroom units with one full family bathroom and a parking bay.