Fi­bre op­tic ac­cess makes Cen­tury City more at­trac­tive to ten­ants, buy­ers and in­vestors

Weekend Argus (Saturday Edition) - - PROPERTY -

FI­BRE To The Home (FTTH) is a ma­jor con­tribut­ing fac­tor to the grow­ing de­mand for homes at Cen­tury City from buy­ers and ten­ants, ac­cord­ing to Brian Usher, sales di­rec­tor of Prop­erty World, the on­site sales agents for new res­i­den­tial de­vel­op­ments at Cen­tury City.

Ra­bie Prop­erty Group, the de­vel­oper of Cen­tury City, Clara Anna Fontein and Bur­gundy Es­tate in Cape Town, re­ceived an award for the most tech friendly prop­erty com­pany at this year’s an­nual con­fer­ence of the FTTH Coun­cil Africa held re­cently at the Cen­tury City Con­fer­ence Cen­tre.

Fi­bre To The Home (FTTH) is avail­able to res­i­dents at 14 of the 18 res­i­den­tial de­vel­op­ments at Cen­tury City and 95 per­cent of busi­nesses in the precinct are now also able to con­nect to Cen­tury City’s open ac­cess fi­bre op­tic net­work.

Hein de Swardt, op­er­a­tions man­ager for Cen­tury City Con­nect, the com­pany that op­er­ates a car­rier neu­tral last mile open-ac­cess fi­bre op­tic net­work within Cen­tury City, says that in the past few years fi­bre had been de­ployed to all new res­i­den­tial build­ings com­ing on stream and many of the older build­ings had been retro­fit­ted.

“We are in dis­cus­sions with the re­main­ing bod­ies cor­po­rate and home own­ers’ as­so­ci­a­tions to get ap­proval to roll out fi­bre to these de­vel­op­ments as well. The 20 or so in­ter­net ser­vice providers (ISPs) tied in with Cen­tury City Con­nect are of­fer­ing FTTH pack­ages from R299 a month to res­i­dents, who can choose their pre­ferred ISP.

“There has been this mis­taken idea that fi­bre is so much more ex­pen­sive than cop­per but the re­al­ity is not the case. In ad­di­tion fi­bre of­fers faster speeds and it is a real en­abler al­low­ing data, voice and multi-me­dia con­nec­tiv­ity whereas cop­per al­lows for only voice or data,” says de Swardt.

“This is par­tic­u­larly im­por­tant for the younger mar­ket for whom high speed in­ter­net con­nec­tiv­ity is as im­por­tant as elec­tric­ity or water and has been a driv­ing force be­hind the strong de­mand for ren­tal ac­com­mo­da­tion in Cen­tury City as ten­ants gen­er­ally tend to be younger than in­vestors or owner oc­cu­piers.

“It is also a prime con­sid­er­a­tion for in­vestors as FTTH fu­ture proofs their in­vest­ment and makes it more likely they will find suit­able ten­ants at their ask­ing ren­tal.”

De Swardt says the Cen­tury City Con­nect net­work av­er­age con­nec­tion speed is 39Mbps against the av­er­age SA con­nec­tion speed of 5.6Mbps.

At Bur­gundy Es­tate where Ra­bie re­cently joined forces with Ned­bank to com­plete the sub­urb, FTTH is be­ing rolled out to all four new de­vel­op­ments Ra­bie has launched.

FTTH is also be­ing made avail­able to all res­i­dents at Clara Anna Fontein in Dur­banville, which Ra­bie is de­vel­op­ing in a joint ven­ture with the landown­ers and which will con­sist of 344 sin­gle res­i­den­tial homes and er­ven and 126 town­houses.

May­fair res­i­den­tial devel­op­ment near­ing com­ple­tion at Cen­tury City. May­fair is one of 14 res­i­den­tial de­vel­op­ments in Cen­tury City of­fer­ing Fi­bre To The Home.

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