There is no denying that the Sibaya Coastal Precinct has firmly entrenched itself as the most sought-after node in South Africa. In the last 18 months this node has achieved R3.2 billion in sales and has claimed the title of the country’s fastest selling residential node; outperforming areas such as Sandton in Johannesburg and the Atlantic Seaboard in Cape Town.
Those who have already invested in earlier developments within the Precinct, namely in node 1, have already seen as much as 30% capital appreciation from securing a unit to subsequent transfer. The market demand within the Sibaya Coastal Precinct is however changing and entering a new phase; as node 1 developments were configured around the investor market, node 5 is now answering the demands of a primary residential market.
Node 5 is home to extraordinary developments namely, KZN’s fastest selling retirement ‘Shoreline Sibaya’, as well as Balize, Gold Coast Estate, The Saxony Sibaya and Signature Sibaya. These developments have been designed with families in mind, and the idea of creating one of KZN’s close-knit communities. The node will also feature incredible retail components, dams, medical suites and private school and tertiary education, office blocks and transport shuttles.
On completion, Sibaya Coastal Precinct will have approximately 12, 000 residential dwellings across freestanding homes, apartments, penthouses and retirement units. 1, 935 residential units in Nodes 1 and 5 are already sold out. To date, the Sibaya Coastal Precinct has already seen 299 transfers within the period of July 2017 to June 2018, compared to popular areas such as Umhlanga, who saw 272 sales, and Umdloti, that saw 111 sales.
The Sibaya Coastal Precinct has immense investment value and is fast changing its landscape and becoming a reality for KZN. This node will present a new type of lifestyle and provide a secure environment for visitors and homeowners to enjoy the surrounding nature, beautiful architectural design and savvy landscaping of the area.