Housing in Southern Africa May 2016

Housing

Leratong City

– a new mega development

T he joint venture development between McCormick Property Development, Calgro M3 and Sasuka Logistics Services is located near the existing Leratong Hospi- tal. The first phase will consist of 15 000 residential units, an intermo- dal transport hub, a government pre- cinct as well as a 30 000 m² regional mall. The development extends over 400 ha and construction of the bulk infrastructure is expected to com- mence by June 2016. Located on two major regional movement routes that form part of the primary movement network of Gauteng Province, the Leratong City project has been selected as an area for Neighbourhood Development Partnership Grant (NDPG) invest- ment. It forms an integral part of a larger regional node set in the context of a previously disadvantage town- ship area, which has the potential

The R6,2 billion Leratong City integrated nodal development in Gauteng is set to get under way in Leratong, Mogale City.

To complement the housing and oth- er facilities, essential social amenities such as crèches, a community centre, educational facilities and healthcare facilities will be developed. Other amenities will include mixed-use business centres, religious sites, various recreational parks and green spaces, as well as public sports facili- ties. Proximity of the residential units to the amenities has been taken into consideration in the spatial arrange- ment. The development is close tomajor arterial road linking to Mogale City, Soweto, Randfontein, Merafong, Roodepoort, Florida and Johannes- burg. Leratong City is well located to job opportunities and this is further

to transform into a high intensity regional node. The project will include the following units: • 4 200 fully subsidised BNG units • 8 300 GAP, FLISP and Social Hous- ing units • 2 500 freehold affordable housing units Units will be available for families qualifying for fully subsidised units to families earning over R15 000 a month, resulting inahousing solution based on a wide range of financial capacity. Affordability and a variety of products were important consid- erations during the design process.

May 2016