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May 2015
Housing
April
T
his development is located on a
strategic high investment zone
directly north of the Steyn City
development, west of the Riversands
Incubation Hub, along William Nicol
Drive (R511) and approximately 5 km
south of Diepsloot.
Riverside View will offer first time
home buyers the opportunity to enter
the property market.
House prices start from R375 750
for a 45m² two bedroom house in
Phase One (Riverside View Extension
28). The well located project forms
part of the transportation corridor
upgrade from William Nicol Drive
(K54) between Sandton/Diepsloot
and Centurion/Mogale City.
Riverside View will include public
and private schools, retail precincts,
public amenities and recreational
facilities. The integrated housing
township is located within the City of
Johannesburg Metropolitan Munici-
pality (COJ) area and it will help alle-
viate the critical housing shortage in
Diepsloot and the surrounding areas.
Nedbank Affordable Housing Fi-
nance will provide R60 million fund-
ing to property developer, Valumax,
to fund the purchase of land and
installation of services for 2 166 well
priced residential stands for afford-
able housing at Riverside View. This
RIVERSIDE VIEW
Making housing affordable
Riverside View is one of the
most exciting integrated
housing developments to roll
out in the northern suburbs
of Johannesburg. The project
will accommodate 10 414
residential units on completion
across a spectrum of housing
options: affordable,
FLISP partially and fully
subsidised and high
density rental stock.
will include a new substation and
construction of the link lines from
the Klevebank substation to the site.
According to Manie Annandale,
Head of Affordable Housing Finance
at Nedbank, this development con-
tinues the momentum of quality
Affordable Housing in close proxim-
ity to the upgraded transport and
amenity node of the new Steyn City
development.
Riverside View aims to promote
a high quality fully integrated resi-
dential and mixed use environment
supported with a good mix of private
and public amenities. The project will
target first time home owners and