Affordable Housing in Strandfontein

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23 Aug 2013

Asrin Property Developers will be launching an integrated affordable housing development in Strandfontein in the Western Cape at the end of August 2013.

An artist's impression of a view of the completed street of the integrated affordable housing development, South Breeze residential village, in Strandfontein.

South Breeze Residential Village is a community based integrated housing village aimed at those in the affordable to middle income bracket. The 83 unit development is located on the corner of Dennegeur and Welgelegen avenues in Old Strandfontein.

South Breeze is a separate title residential development, which will have plots ranging from 150 square metres to 200 square metres in size. The homes will have two or three bedrooms, with a family bathroom in each and the floor areas will range from 60 square metres to 68 square metres.

Finishes include granite countertops, fitted stoves and hobs in the kitchens, ceramic tiles and a choice of laminated wood flooring or carpets in the bedrooms.

Green technology initiatives such as induction water heating geysers will be introduced. The system uses electrical energy to create a magnetic field within the geyser to maximise the heating process which delivers the same amount of hot water as a conventional geyser in one third of the time, saving over 60 percent in power consumption. This will benefit owners by helping them reduce their electricity bills, says Shiraaz Hassan, commercial director for Asrin.

An artist's impressions of South Breeze Residential Village, where two and three bedroom homes will be available from R619 900 to R699 900, including transaction costs.

Prices of the units range from R619 900 to R699 900, which include all transaction costs, which Hassan says is a considerable saving.

Asrin takes away the financial risk for buyers by offering a turnkey product, he says. The homes will be constructed and completed before transfer, which will assist buyers as banks will consider 100 percent bond finance on turnkey packages such as these. If it were a plot and plan development, the banks would possibly only consider a 70 to 80 percent loan to value which becomes burdensome to the purchaser in terms of securing a deposit, he says.

“Furthermore, buyers also benefit here by not having to service the interest on the loan during the construction period, which, if they did, could add an additional R15 000 to the purchase cost.”

Once completed, the development will be managed by a Homeowners’ Association.

Although the housing scheme is not a gated estate, (since the City of Cape Town prefers integrated development and not those that are cut off from the rest,) Hassan says it does have perimeter walling and Asrin will make provisions at the entrance for a guardhouse, should the HOA decide to employ a guard service.

“We have worked to integrate the new homes into the existing community by agreeing to refurbish the exterior of the existing library and community centre, which are on the immediate boundaries of the development and by landscaping those areas," he says. There will be two safe public parks on either side of the development for residents and the immediate community to use. As at all Asrin developments, he says all the gardens and the public open space for residents will be landscaped, creating a relaxed family based lifestyle environment.

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