The Sibaya Coastal Precinct has firmly entrenched itself as the most sought-after node in South Africa. Having achieved R3.2 billion in sales in the last 18 months, the Sibaya Coastal Precinct has also become 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.
“On completion, Sibaya Coastal Precinct will have approximately 12, 000 residential dwellings across freestanding homes, apartments, penthouses and retirement units. Node 1 of the precinct attracted predominantly investment buyers, while node 5, where The Saxony Sibaya is situated, has been configured around a primary residential market, where space and liveability is the key consideration,” explains Rajan Naidoo, Chief Executive of Saxony Developments.
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. Although geared around the primary residential market, The Saxony Sibaya still attracts those with an investment appetite. For those looking to live within the Sibaya Coastal Precinct, know that The Saxony Sibaya is your step into this sought-after neighbourhood.
To find out more about The Saxony Sibaya register your interest and one of our dedicated development consultants will get in touch to set up an onsite meeting to provide more insight and reveal what units are still available.