All eyes are on the North Coast of KwaZulu-Natal. The corridor between Durban, Umhlanga to Ballito has experienced the biggest wealth growth in South Africa; having seen a 25% growth within the last decade. As it stands, Umhlanga to Ballito has 210 multi-millionaires – people with investable assets of at least R141 million.
This stretch of coast is also seeing immense investment filter through from the announcement of South Africa’s first smart city earmarked for Durban’s Aerotropolis to an internationally recognised resort set for the North Coast. Through all this investment, these areas are collectively creating homes for an array of investors and homeowners, creating a scope of jobs and conserving nature.
Where it all began
Umhlanga has triggered the growth in the North Coast, as it is home to leading South African businesses, continues to generate foreign investment and development. In the last 12 months, Umhlanga saw 13% more residential property sales; with transfers reaching R2,735 billion over the last year. It is evident that Umhlanga continues to be one of the sought-after regions within KwaZulu-Natal.
Further North interest
Ballito is another North Coast gem, that has been experiencing immense growth and development. There is no denying that this small town has charmed families, as the value of residential transfers increased by 20% in the last 12 months from the year before. Continued development and upgrades take place within this area, with the help of the UIP in Ballito. Over 200m of pedestrian verges are safe, paved and planted, old taxi ranks transformed into beautiful parks, and even the old Bus Stop Drive has been revamped.
South Africa’s best performing residential precinct
Undoubtedly the Sibaya Coastal Precinct has played a significant role in the wealth growth of this North Coast corridor. Situated between Umhlanga and Umdloti; the Sibaya Coastal Precinct is a unique stretch of coast, as it is developing into the city of the future. To date, the Sibaya Coastal Precinct has achieved over R4 Billion in sales since launch in 2015. It is evident through the previously launched developments within Sibaya; the first development launched achieved R675 million in sales on launch day, and the following development launched sold 75% within 4 hours on the first day. Sibaya is even home to the fastest retirement development within KwaZulu-Natal.
Through the continued development and planning of this area, approximately 350 hectares of protected, coastal forest has been conserved. Over 5000 direct and indirect jobs have already been created through construction and development within this area. There is R20 billion future imminent development planned for Sibaya. In total, this region has set out to introduce 12 000 residential homes, ranging from apartments to freehold homes.
The North Coast of KwaZulu-Natal has always had something special about it. There is no denying that KwaZulu-Natal, especially the Sibaya Coastal Precinct, is seeing incredible changes and transformation. The objective for the North Coast has been to enhance and protect the natural assets, and curate a sustainable future for all those who invest within it, whether they are buying a home for holidays or to reside.
For those of you who are interested in finding out more about the opportunities launched within the Sibaya Coastal Precinct; register your interest and gain exclusive insights into this successful node.