Having launched two very different Umhlanga developments last year, we are proud to see that both have reached their ground-breaking milestone and are currently under construction. The Umhlanga area is performing very well this year and both products, namely Enigma Private Estate and Summer Park Umhlanga, have received huge traction from different spectrums of the market.
Summer Park Umhlanga
Summer Park Umhlanga is a sectional title development situated in the Umhlanga Ridge Town Centre and offers 2-bedroom 2-bathroom modern apartment living opportunities. Following the successful, first-time ever online residential sales launch 9 months ago, where R60 million sales were achieved in a record 42 seconds, Summer Park Umhlanga is officially under construction.
“Summer Park Umhlanga has seen an almost split-even interest from investors and homeowners alike. What attributes to Summer Park Umhlanga’s successful sales achieved is the product offering and the popular location. Summer Park Umhlanga presents pet-friendly apartment living with contemporary finishes, family-focused facilities like a crèche and dedicated play areas for kids. Not to mention the actual design of the apartments where every homeowner has direct access to their own private courtyard that brings in extra space and natural light,” explains Stefan Botha, Director of Rainmaker Marketing.
The Umhlanga Ridge Town Centre is increasing in popularity, with a total of 322 transfers having taken place from February 2017 to January 2018. As a result, Summer Park Umhlanga is undoubtedly the fastest selling residential development in this area. Residents can look forward to the live-work-play lifestyle this node has created, with Gateway Theatre of Shopping right on their doorstep, along with other eateries, bars, shopping centres, medical suites and business parks.
Enigma Private Estate
Having established itself as Umhlanga’s definitive gated address, Enigma Private Estate is positioned in Umhlanga Ridgeside and presents spacious freehold stands. Also considered one of the fastest selling residential developments within the Umhlanga Ridgeside area, Enigma Private Estate has reached ground breaking, and construction is currently underway. This follows the civils contract tender being awarded to Vumani Civils.
“We are delighted to see this incredible project get underway. The civils infrastructure is expected to be complete by the end of November and the first transfers are anticipated to take place as soon as December this year. This means by early 2019, we can look forward to seeing the first homes under construction,” says Botha.
Selling stands from R3,5 million to R7,5 million, Enigma Private Estate’s biggest asset has always been the incredible location, in the heart of the Umhlanga Ridgeside area.
Looking at what lies ahead for Umhlanga Ridgeside, we can expect to see a huge transformation as immense resources continue to be allocated to the area, resulting in a growth in value year-on-year. Despite the decline in real GDP growth and economists forecasting a 1.7% rate of economic growth, Umhlanga challenges these statistics as it continues to see a constant flow of development and investment.