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President Cyril Ramaphosa launches multibillion-rand housing development : by Xolisile Dlou

Picture sourced from the internet: President Cyril Ramaphosa launches multibillion rand housing development

President Cyril Ramaphosa launched multibillion-rand housing development in the east of Pretoria yesterday. The development has an estimated project Value of over R84 billion and was one of the 62 integrated projects gazetted in July.

The development is situated off Garsfontein Drive and it is also 8 km from Solomon Mahlangu Drive.
President congratulated Balwin Properties, the developers who worked with the provincial government and City of Tshwane to bring the project to fulfilment.

Founder and chief Executive of Balwin Properties, Steve Brookers said they had heeded the president’s call for inclusionary housing and were thrilled about what this establishment could mean for the country after the effects of COVID-19. He added that not only will it boost the economy but it will create many direct and indirect job opportunities.

He added that the Mooikloof Mega City has been designed for the gap housing market defined as housing opportunities for people earning a combined monthly income of between R3501 and R18000.

Patricia de Lille, Public Works and Infrastructure Minister said governments aim was to promote integration among communities by helping those who have no access to housing to obtain home loans from banks. She added that this would address apartheid spatial planning and was in line with governments Batho Pele principle.