South Africa’s largest sectional title developer, Balwin Properties, recently launched the lifestyle apartment development Wedgewood Sandton. It broke a residential sales record in Sandton by selling 550 units in one day, valued at R750m. The launch day at the show office saw buyers purchasing units online on their various devices, making for a mostly digital and Covid-19 conscious process.
“We’re very proud to create opportunities for first-time homeowners and investors to own a property in a prime location,” says Brookes. “Seventy percent of the units are available for under R1,2m, which is unheard of in the heart of the richest square mile in Africa. We’re excited to disrupt the market and pave the way for the next generation.”
Rainmaker marketing director Stefan Botha says, based on the ongoing demand, sell-out of the 1,348 apartments is anticipated within the coming months, which will see the building completed in March 2023. Wedgewood Sandton offers studio, one- and two-bedroom lifestyle apartments from R850,000. Buyers only require a R10,000 deposit and all bond and transfer costs are included in the purchase price. Some facilities include an outdoor cinema, business pods, rooftop entertainment areas, a coffee shop and a football field.