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Discussion Starter · #1 ·
Name: Watergate Estate
Use: Affordable Housing
Status: Approved
Location: Mitchells Plain township in Cape Town


Zille gives blessing to low-cost houses

July 26 2009 at 10:27AM

By Edward Malnick

A major low-cost housing development has been launched in Mitchell's Plain on a controversial site on which potential home-owners previously lost money.

But yesterday Premier Helen Zille and Cape Town mayor Dan Plato put their seal of approval on the "first privately funded affordable housing project of the Western Cape".

Price tags on houses at Watergate Estate off AZ Berman Drive in Mitchells Plain start at R250 000.

It was launched at a function in a marquee on the site on Saturday.

New Age Developers director Anver Essop said that so far 75 houses had been sold off plan and that a total of 4 500 would be built.

The director of the city's Urban Renewal Programme, George Penxa, described the development as an anchor project which would cater for first-time home-owners earning a joint income of between R5 000 and R10 000 a month".

The member of the mayoral committee responsible for social services, Grant Pascoe, said he hoped this would set a trend for more private low-cost housing developments.

Interested house purchasers attended yesterday's launch and were directed to a Standard Bank stall where 104 percent bonds were on offer.

The 22ha site has been the subject of controversy in the past.

The developer who previously had his eyes on the site allegedly took up to R100 000 from local people who put their money down for houses.

Pascoe said he was lobbying the developer to give these people preference in buying houses from the new developers.

Weldon Cameron, chairman of the Woodgreen People's Forum - the body representing those who say they have lost out - said around 850 to 900 people had lost money and some were still paying off loans for funds they had handed over.

This article was originally published on page 6 of Sunday Argus on July 26, 2009
 

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Discussion Starter · #2 ·
New gap housing development for Mitchells Plain



Mayor - Alderman Dan Plato, Mr Anver Essop, Director: New Age Property Developers, Premier of the Western Cape - Helen Zille, MEC Housing - Bonginkosi Madikizela

The City of Cape Town has formed a public/private partnership with the Watergate Housing Development and New Age Property (Development) to develop an R800 million housing project in Mitchells Plain.

The development, which is on 22 hectares of land, will provide affordable, bondable housing for 4 500 families in the R5 000 –– R10 000 income bracket. This sector of the market is often precluded from state housing subsidies (because of their higher earnings), and are also unable to participate in the private housing market due to the higher prices commanded by houses in this category.

The development, which will be marketed as Watergate Estate, will comprise 2 200 apartments, 800 conventional separate title units, a mini shopping centre and open spaces with recreational facilities when it is complete. The units will include 1 – 3 bedrooms, and will be single and double storey. The apartments will measure between 48m² and 62m². They are to be built on a 22 hectare site that has till now been a safety concern for the community.

At a sod-turning ceremony held on Saturday, 25 July to launch the project, Executive Mayor Alderman Dan Plato said: “The City of Cape Town is proud of such initiatives, especially in the context of the housing crisis.



Left to right: Mrs Carolyn Essop, Anver's wife; Mr Anver Essop, Director: New Age Property Developers, Mayor - Alderman Dan Plato, Premier of the Western Cape - Helen Zille, MEC Housing - Bonginkosi MadikizelaThe City of Cape Town has formed a public/private partnership with the Watergate Housing Development and New Age Property (Development) to develop an R800 million housing project in Mitchells Plain.

“The project does far more than just provide adequate housing – it will also provide employment, enhance skills development and create training opportunities for the communities of Mitchells Plain, Philippi and Khayeltisha.”

George Penxa, Director for the Urban Renewal Programme said, “The Watergate Housing Development will boost the local economy and job creation significantly as the estimated cost of the project is about R800 million during the three years of construction.”

Anver Essop, Managing Director: New Age Property Development said that first time buyers will be able to apply for a 100% bond to buy a Watergate Estate unit. “We have negotiated a package deal with a leading financial institution to meet a long standing need in the property market for 100% bonds for novice buyers” he noted in his speech.

Watergate Estate is an anchor project for the Urban Renewal Programme, a national urban renewal strategy which includes investment in economic and social infrastructure, human resource development, enterprise development, the enhancement of the development capacity of local government, poverty alleviation and the strengthening of the criminal justice system

Martin Pollack

2009/07/27
 

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lol thanx lydon, but try again...

Mitchell's Plain is in CT, so where in MP is this land... Westridge, Rocklands, Tafelsig??? (areas in MP)
 

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Discussion Starter · #10 ·
Property24.com

WC affordable project launched

10 Sep 2009

Watergate Estate, the Western Cape's first privately-funded, affordable housing development, was launched in Mitchells Plain, with Western Cape premier Helen Zille and Cape Town mayor Dan Plato attending to endorse the project officially.

The R1,2bn project, to be developed by New Age Property Developments, will enable families with a joint monthly income of between R7,500 and R15k to own a home for the first time. The prices of properties on the estate will range from R329,900 to R409,900, and some major banks have committed to giving eligible buyers bonds of 100%, payable over 20 years.

The project, which will accommodate some 4,500 families, is in line with the government's Urban Renewal Programme (URP), a national strategy to uplift the most deprived areas, Mitchells Plain and Khayelitsha in the Western Cape being among them. The URP focuses on investment in economic and social infrastructure, human resource development and enterprise development.

At the ceremonial ribbon-cutting ceremony, Zille was reported to have said that Cape Town's housing backlog would be dramatically reduced by projects such as Watergate Estate. A significant proportion of people on the City's waiting list would be able to buy the homes in the development "and have self-respect and an affordable bond, and become part of the middle class of South Africa, raising their children and building everybody's future".

The mixed-use project, dubbed the "Gateway to Mitchells Plain", will occupy a 35ha site at the intersection of AZ Berman Drive and the R300 motorway, and is located opposite the Mitchells Plain General Hospital, which is nearing completion.

Watergate Estate will be developed in three phases over a five-year period, with 357 homes to be constructed in the first phase, followed by a further 2,400 homes in the second phase, which will also include a shopping mall, soccer field, and public facilities such as a multi-purpose community hall, park and undercover walkway leading to the newly upgraded Mandalay station. In addition, provision will be made for daycare facilities and places of worship.

The third phase, which is currently being planned, will comprise more upmarket homes, with a starting price of around R400k, according to Colleen Webb-Burgess of Webcol Properties, the marketing agent for the development.

The houses to be built in Phase 1 will comprise two- and three-bedroomed freestanding and semi-detached homes, ranging in size from 48sqm to 62sqm. In Phase 2, lock-up-and-go apartments, housed in three-storey high, walk-up blocks, will also be available.

It is anticipated that the installation of services on the site will begin next month, and building of the first houses will start around November 2009. The estimated construction cost for the whole of Phase 1 is about R99m, according to Webb-Burgess.

She says the response from potential buyers to the launch of the project has been phenomenal. "The homes are being offered on a first-come, first-served basis, but, as we are conscious of the lack of housing in the entire community, we will make every effort to meet housing needs. The details of all qualified buyers who can't be accommodated in Phase 1 will be kept on our records until the Phase 2 homes become available."
 

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I would love to apply for one of these properties please contact @ lindsay.langeveldt @gmail.com or tell me how I can do this . Thank you
 

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New-look boost for Mitchells Plain
By PROPERTY WRITER 2 December 2018



VISIONARY: Different phases of Watergate are 12 years into development and units are snapped up, offering affordable high-quality living in Mitchells Plain. Picture: Supplied
Eco-friendly, safe, affordable and high-quality homes a boon for residents

Twelve years ago, New Age Properties imagined a development that would transform acres of barren land into a community of safe, affordable and high-quality Mitchells Plain homes.

Today, that land is home to the area’s flagship urban renewal project, one of the first privately funded affordable housing developments: Watergate. Four phases later, 850 units have been completed and sold, and a further 350 units are scheduled for completion in 2019. Watergate’s units are designed to promote an urban lifestyle, boasting prime location and eco-friendly designs.

https://www.property360.co.za/news/new-look-boost-for-mitchells-plain-18352691
 
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