Huge de­mand f or c oastal sit e

The Witness - - YOU MONEY -

Pam Gol ding P rop­er­ties said ther e is ‘un­prece­dented’ de­mand f or ap art­ments in the ne w Cor al P oint de vel­op­ment in Sib aya Precinct. Si­t­uat ed on the w ay to U md­loti on the nor th c oast, the pr ecinct has be come known as a r egional pr op­erty hot spot . ‘W e al­ready ha ve a w ait­ing lis t of about 1 000 buyers al l w anting to c on­vert their reser­va­tions int o ac qui­si­tions. This is one of the l ast de vel­op­ments on the s eafront side of Sibaya. W e had an o ver­whelm­ing r esponse from al l sect ors of the mark et, with investors, r etirees, first time buy ers and Johannesburg client s s eek­ing hol­ida y apart­ments. The bulk of the buy ers w anting to r es­erve unit s ar e fr om Dur­ban, as w ell as from Gaut eng and KZN in­land ar eas such as fr om Piet er­mar­itzburg,’ said Car ol R eynolds, P am Gol dings’ P rop­er­ties ar ea prin­ci­pal f or Dur­ban Coas tal. With s tu­dios, one, t woand thr eebed­room apar tments v ary­ing in size fr om 45 square me­tres t o 1 38 square met res, pric es in Cor al Point star t at R1, 295 mil lion and g o up to R4,65 mil lion. PHO­TOS: SUP­PLIED

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