Port Proving Popular
There is little doubt that the Covid Pandemic has caused many to rethink their lifestyle and with “work from home’ finding acceptability with many corporates it is likely that some will move from the cities to smaller towns around South Africa. So is St Francis about to see an influx of “work=from-home-settlers’ move to our part of the continent.
Maybe an indicator could be that Pam Golding St Francis has amongst its other sales, sold several Port St Francis properties to the value of R15m in the last two months!
To put this in context, this is approximately equal to the entire Port property turnover per annum for the years 2010 to 2014.
And now the Port has recorded sales in excess of R50m in the last 12 months!
“The sales by the energetic and passionate Pam Golding Santareme team of Johan Viljoen and Kyle de Villers include two commercial buildings, one townhouse and one apartment, and were important because they introduce new trends: ” says Richard Arderne of Pam Golding St Francis.
“The sale of the Port Island townhouse at R8.5m was the highest price ever paid in the Port, 40% higher than the previous record. Of importance is that this value was confirmed by two external bond valuers. This also brings property prices close to R20,000/m2, and we believe that this should move to R25,000/m2 in the near future. It is also our view that this high-end townhouse was inexpensive, and should soon appreciate by at least 40%, as it offers unique and unprecedented value, not only in St Francis but also in SA and elsewhere:
The Port is the only private port in SA. It offers secure living for those who want to feel connected to harbour activities, where the heart of the chokka industry is located. Top restaurants, fishing and ocean activities, swimming, paddling, running and cycling are just some of the nearby activities.
Our team has sold three units in Port Island in the last 9 months, where unmatched and permanent views of the ocean and the Port are offered. It is our view that these units will soon be revalued and became even more sought after. They feature double security and an exclusive lifestyle at its best where all types of weather add to the flavour.
- The price fetched for the Port Island townhouse also indicates that the market is rethinking the value that the Santareme area offers. It shattered the previous upper ceiling in Santareme by 20%. Santareme offers outstanding value at the upper end of the market and deserves this worthwhile breakthrough.
Furthermore, there are some interesting new Santareme developments planned for the near future:
- 36 new luxury Port apartments will be developed, as well as about 60 apartments for clients who need medical assistance. This will introduce fresh new options in this tourist rich and promising precinct.
Drive through Santareme and you will find that many plots have been cleared and that residents are busy improving their homes or building new ones. This creates a feeling of expectation and anticipation for a promising future.
The municipality is also busy upgrading roads and infrastructure all over the town and Santareme has been a beneficiary of these actions as well, and we trust will continue to be!
Here are a few examples of outstanding value we are currently offering are on sole mandates:
- 66 Tom Brown with top class finishes at under R14,000/m2. This includes gym, mini tennis court, solar/water solutions and much more for the ultra-private. 1100m2 of luxury for a mere R15m.
- 76 Tom Brown offers the same value but on an extensive plot of 3540m2. This warm family home is an ample 639m2, plus a separate flat of 169m2, all at a discounted price of R12m.
Both properties offer north facing views of unprecedented nature. During the lockdown, new lifestyle choices introduced themselves in these areas where residents could swim and paddle in privacy without feeling threatened by the impact of covid. Both houses offer work from home facilities, where owners can work remotely in luxury and privacy.
To further illustrate the commitment of our team to Santareme, Johan recently bought a Port apartment for R2.3m, and Richard bought a front row house last year for R5.9m.”