Of note is that these units are of similar size as

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Of note is that these units are of similar size as the Eco project units but are however less expensive and hence more geared towards the middle class. SBC Malkerns Square is a project that is being developed in Malkerns and therefore provides direct competition for the Eco project. The property ’s on sale are estimated to cost from E600 000 to E10 million, thus towards the lower end are more competitively priced than the Eco Project units Malkerns Square is set to offer apartments from one bedroom to six-bedroom houses thus in direct competition with the Eco project. Of note is that Malkerns Square has plans to build a Retail /Shopping Centre over 3,000 sqm of which it is anticipated will include a supermarket, bottle store,
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butchery and a recreational eating facility. As the estate develops, incorporation of a wider representation of retail and restaurant offerings will be in the phases that follow. These facilities go beyond those of the Eco Project and therefore have something of a competitive advantage. SECTIONAL TITLE ACTS, 2017 Within the prospectus there is much talk of the Sectional Titles Bill of 2014 however the Bill has been passed and is now an Act. This is new and critical information and should be emphasized throughout the prospectus as this is a critical piece of information for potential real estate firms and property developers. The full extent of the opportunity requires further research however it is an opportunity which the prospectus should emphasis as no industry player has ventured into selling individual apartments as a result of the Act yet. REAL ESTATE ASSOCIATION There have been reports in the media and amongst industry professionals that the establishment of a real estate and property development association are at an advance stage. Propagation of such an association will mean that no any Tom,
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  • Fall '19
  • ECO Project

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