Muizen­berg de­vel­op­ment the place to be

Weekend Argus (Saturday Edition) - - PROPERTY -

CONSTRUCTION is in full swing at the new Sun­rise Vil­las de­vel­op­ment in Muizen­berg, says MSP Group manag­ing di­rec­tor John Coet­zee, the de­vel­oper.

Muizen­berg is be­ing given a facelift through prop­erty in­vest­ments and new res­i­den­tial de­vel­op­ments, and 75 per­cent of the 147 units at Sun­rise Vil­las have been sold, says Coet­zee, al­though buy­ers still have a choice of one-, two-and three-bed­room units in which to in­vest.

Jaco Maritz, gen­eral man­ager of mar­ket­ing agency Uvest, says po­si­tion in Cape Town is ev­ery­thing and there is a grow­ing scarcity of beach­front land for de­vel­op­ment.

“Sea­side liv­ing is usu­ally re­served for only the priv­i­leged few, but is now more ac­ces­si­ble. Sun­rise Vil­las is on the beach­front at Sun­rise Cir­cle and unit prices start at R759 000, which is within the reach of mid­dle-class buy­ers,” he says.

A re­cent study by on­line data re­source SA Prop­erty Traders Guide (SAPTG) showed that the av­er­age price of beach­front units in Muizen­berg is R900 000, com­pared to Big Bay at R1.3 mil­lion and Blou­bergstrand at R1.03m.

“Prob­a­bly the most im­por­tant and in­ter­est­ing rev­e­la­tion from SAPTG’s sub­urbs trend re­port is that com­pared to its West Coast coun­ter­parts, Muizen­berg has, by far, the most pos­i­tive growth trend over a five-year pe­riod. Sec­tional ti­tle unit prices in­creased by 11.15 to 11.3 per­cent in Big Bay and Blou­bergstrand, whereas Muizen­berg had an im­pres­sive 24.43 per­cent growth over a five-year pe­riod.”

Maritz says Sun­rise Vil­las is ideal as a hol­i­day prop­erty, of­fer­ing all ameni­ties and the best po­si­tion on the Muizen­berg coast. MSP can ar­range that out-of-town in­vestors have their units fur­nished through in­te­rior pack­ages by in­te­rior spe­cial­ist Emma Jane Hal­ford, of Emma H In­te­ri­ors.

Only 38 units are still avail­able. Construction is on track and oc­cu­pa­tion is sched­uled for May and June 2010.

Visit www.sun­ri­sevil­ or, or call 0861 692 663.

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