The City says the biggest problem isn't tenants not being able to afford it, but rather people being able to afford the rent and flat out refusing to pay.
'The City of Cape Town has revealed that it is owed a staggering amount of money in unpaid rental bills. This debt has, of course, been built up over some time but, if you take the average rental cost of a city-owned property, then R610 million is the equivalent of 310 000 people not paying their rent for a month. Rental non-payment While anyone not paying their rent is an issue, the Western Cape’s member of the mayoral committee for human settlements Malusi Booi revealed their focus was on people who had the means to pay their rent but simply refused to. “As a landlord, the City has the responsibility to maintain and upgrade its rental stock. To this end tenants are required to pay their rent diligently,” he said. “Our particular focus remains on those who have the means to pay, but who simply refuse to. There are various factors that influence the non-payment of rental – the inability to pay as a result of the worsening economic climate, unemployment and those who simply refuse to pay.” Financial assistance available The city has encouraged people living in a property owned by them who are struggling to pay rent to approach them as there is financial assistance available. “The City provides assistance to those who qualify, through the council-approved indigent benefits/assistance scheme. There is, however, no excuse for those who can afford to pay, but refuse to do so,” Booi added. “This is one way we can be a caring city. We will, however, not tolerate non-payment by those who can pay, but refuse to do so. The City has spared no effort to ensure that tenants pay their rent. “The City needs everyone to contribute their fair share so that we can become an even more successful metro. Those who are in financial difficulties must approach us.”'
The City says the biggest problem isn't tenants not being able to afford it, but rather people being able to afford the rent and flat out refusing to pay.
Landlords can decide to rule out tenants with children when letting a home, but some say that is unfair.
'Landlords can decide to rule out tenants with children when letting a home, but some say that is unfair.'
Japan pushed back on Tuesday against calls from South Korea to scrap restrictions on high-tech exports to its Asian neighbor, as a diplomatic row over forced wartime labor escalates between the two key U.S. allies.
The latest offering from renowned coworking pioneers.
'Workshop17, local champions of community-driven coworking spaces , will be launching its newest addition in Cape Town on 4 July. Located in the iconic East Side precinct of the Mother City, embodying the unique fusion of classic Cape Town style and a near-futuristic physique, Workshop17 at The Harrington is a breath of fresh air amid the stereotypical sterility of office life. This flair is emboldened by spectacular panoramic views ofTable Mountain; illuminated by the workspace’s tactful use of elongated glasswindows. The natural light, which shifts across colourful hues throughout theday, enters peripheral office spaces; yet another symbol of defiance againstthe cubicle-bound fluorescence which has come to typify the modern-day officeexperience. Workshop17, changing more than just the face of office work Workshop17 at The Harrington / Image supplied, via Facebook @workshop17 Workshop17, seeking to redefine the meaning of office work –by actively incorporating elements of collaboration, creative freedom and atangible sense of community – offers small business and entrepreneurs theperfect environment to explore original innovation, without neglecting the ethosof hard work. While Workshop17 has five fully functioning spaces, spreadacross Cape Town and Johannesburg, the launch of The Harrington street offices issetting up to be the firm’s latest defining moment. Connections – especially between businesses, free-thinkersand innovators – play an integral part of Workshop17’s philosophy. As such, thelaunch of the new facilities serves as an open invitation to tenants and theintrigued alike; a call to connect with the space and, more importantly, eachother. The Harrington launch Workshop17 at The Harrington / Image supplied, via Facebook @workshop17 Workshop17 at The Harrington is complete with a variety ofspaces, suited to match personalised needs. Coworking spaces, typified by relaxedlounge areas and hot-desks compliment the dedicated private offices which dotthe level. Fully equipped meeting rooms also allow for an added sense ofprofessionalism. The fine balance between corporate and comfort extendsbeyond the decorated walls of The Harrington’s second storey and down to thestreet below. As described by Workshop17: “The vibrant part of Cape Town is fast becoming an attraction for both tourists and locals and the street is buzzing during any time of the day. Art galleries, coffee spots and boutique eateries complement the nightlife on the strip with The Harrington at the centre of the buzz.” Perfect placement in Cape Town’s inner city extenuates thecreative ethic. This artistic flair, which is tastefully replicated throughoutWorkshop17’s Harrington space, opens the launch on 7 July. This is followed bya self-guided art tour of a collection curated by Morné Visagie of OPEN24HRS. The private collection represents contemporary art byartists such as Paul du Toit, Frédérique Morrel, Claire Johnson, Robin Rhodeand Nina Liebenberg, to name a few. For more information – and to RSVP to the launch – visit Workshop17’s Facebook page .'
The Swedish company’s joint venture BoKlok is working with Worthing council to build affordable homes.
'The Swedish company’s joint venture BoKlok is working with Worthing council to build affordable homes.'
In a recent interview City of Jhb Mayor, Mashaba blamed high corruption levels for poor housing conditions in the city.
'City of Johannesburg Mayor, Herman Mashaba, in a recent interview blamed high levels of corruption for the poor housing conditions in Johannesburg (Jhb). He also his plans for discussed his plans to combat the high level of poor housing conditions in the city. During the interview on Radio 702 on the evening of Sunday, June 24, Mashaba spoke about his plans to create safe and suitable housing for residents of Johannesburg. “The city in the next five or six months will become a construction site.” Mashaba seemed to be in good spirits and managed to make a joke or two with talk show host Gushwell Brooks. “Thank you so very much for taking me away from home on a Sunday evening. It was not an easy decision to accept this invitation but I think, unfortunately, I’m a public servant so I have to take the punishment from time to time.” However, this did not stop Mashaba from speaking about the challenges that the city of Johannesburg faces. During the interview on the evening of Sunday, June 24, Mashaba spoke about his plans to create safer houses for residents of Johannesburg. “I have the responsibility to rebuild the city. I have to provide affordable accommodation for people and I have to provide affordable accommodation for the students. We have a massive housing backlog, particularly affordable accommodation.” He added proudly that the project was already underway with almost R20 billion of construction contracts. “You will see that the city will become a construction site. This is because I’ve managed to raise money that this city has not seen in more than 300 years.” Poor housing conditions Many of the residents of Jhb are still living in poor housing conditions. Some have taken to living in abandoned buildings. In 2016, when Mashaba was sworn in as Mayor he ordered a study to be done as to why Jhb lacked adequate housing. He claimed that the study found that there was R170 billion worth in infrastructure backlog. “The city is literally decaying. I know that 25 years ago, that the city (Johannesburg) was one of the newest cities in the world. It was a well standard. It was a new city. “ Mashaba stressed that as the Mayor he has a responsibility to rebuild the city. Rooting out corruption During the interview, Mashaba claimed that the high level of corruption that caused the poor housing conditions. “The level of corruption that I’ve uncovered and still keep uncovering up till today. It’s an actual disappointment for me.” He added that there was a lack of leadership outside of political allegiance was another reason for poor management of the city. “The leadership of the city run along with political alliance. Instead of putting a professional public service that serves any government elected by the people. I had a huge task.”'
A group of backyard dwellers from Eindhoven in Delft are at the centre of a story that involves the waiting list, an interdict from the City of Cape Town and a lawyer who allegedly ran off with their money — but ultimately, all they really want to
'A group of backyard dwellers from Eindhoven in Delft are at the centre of a story that involves the waiting list, an interdict from the City of Cape Town and a lawyer who allegedly ran off with their money — but ultimately, all they really want to know is when they will get houses, as some have been waiting for almost 20 years.'
Yields to date in the SA Real Estate Investment Trust sector reflect the underlying weakness of the economy, says an expert.
'Yields to date in the SA Real Estate Investment Trust sector reflect the underlying weakness of the economy, says an expert.'
Shoppers in the Fourways area will be excited to know that the redevelopment of Fourways Mall is almost complete.
'The long-delayed opening of the hugely improved super-regional mall looks likely this winter after delays left Fourways residents anxious for confirmation of its progress. The work on Fourways Mall has been ongoing since 2016. The planned completion date for the redevelopment project was mid-2018, but delays have pushed the opening out indefinitely. The developers have now confirmed that they expect to open the mall on 22 August 2019. The largest mall in South Africa The redevelopment is one of the largest of its kind in the country nearly doubling its original size and offering 178 000m² total gross leasable area. This increase in space will translate into over 450 stores. The mall will hopefully generate as much as 2 million visitors each month; expanding the choice available to Fourways shoppers and hopefully reducing the need to travel. This is not the end of the development work though. The Leroy Merlin flagship store will eventually join to the mall; increasing the floor space of the development by a further 18 000m². The mall will provide parking for 8 000 vehicles around its 52 entrances. Accelerate Property Fund owns 50% of the new development. They see the new mall as a cornerstone of their plan to create a Fourways CBD. Fourways Mall, redesigned Image via Vimeo/ Accelerate Property Fund The group envisages a sprawling hub with office, hospitality and retail offerings. The Group is also hopeful that the mall will eventually be home to a Fourways Gautrain station in the near future. Image via Vimeo/Accelerate Property Fund The mall boasts a strong mix of anchor and boutique tenants. Checkers, Woolworths, Game, Pick ‘n Pay, Food Lovers Market, Cotton On, and H&M are listed amongst their tenants at launch. Image via Vimeo/Accelerate Property Fund Introduction of new tenants Chief Executive Michael Georgiou said in a press release that the launch of Fourways Mall is “a 10-year vision which is finally being realised”. Image via Vimeo/Accelerate Property Fund Furthermore, Accelerate Property Fund COO Andrew Costa added: “Our focus remains on tenant retention and introducing new tenants to our portfolio. Partnering with tenants and offering some incentives during these difficult economic conditions far outweighs the cost of replacing tenants.” Image via Vimeo/Accelerate Property Fund In addition, the taxi rank at the new Fourways Mall has been upgraded with a food court and ATM. The new atrium will also take your breath away. Don’t believe us? See for yourself. Watch: The impressive upgrades at Fourways Mall'
By Sicelo Nxumalo in response to an original article by EWN The District six statistics is but an intimation of what lies in the background when it comes to government’s failure to expedite the land restitution dilemma.
'By Sicelo Nxumalo in response to an original article by EWN The District six statistics is but an intimation of what lies in the background when it comes to government’s failure to expedite the land restitution dilemma.As admitted by the land claims commissioner in this article, and judging from the pace at which this process is going as well as the report of the portfolio committee [DRDLR status report; Upgrading of informal settlements & services for backyard dwellers: City of Cape Town dated 19 June 2018] , the Commission on the Restitution of Land Rights also struggles with competing claims.Various court applications later, the District Six matter signals a nationwide issue that not only affects the residents of District Six, but the country as a whole.This is evident from the LAMOSA judgments which dealt with the delay in finalising those land claims that were submitted before 1998.Though LAMOSA 1 and 2 deals with the failure by government to comply with its public participation duty when deciding to reopen the land claims process in 2013 the essence of these cases is the failure of government to provide redress to claimants in a timely manner.District Six unveils the practical intricacies and failures by the DRDLR to implement the land programme Statistically, from the DRDLR report referred to above, it is apparent that even with about 53% of claimants having opted for monetary compensation and 4% of claims having been rejected, the remaining 43% or even less, is still too much for the DRDLR to handle.Sicelo Nxumalo , Candidate Attorney at the Legal Resources Centre and a Bertha Justice Fellow 2018/2019. . The post District Six Land Restitution A Complex Matter appeared first on iAfrica.com .'
Dubai, United Arab Emirates-Monday 17 June 2019 [ AETOS Wire ] Pantheon Development was honoured as the “Best Affordable Luxury Property” during the prestigious Arabian Business Real Estate Awards 2019 at Le Royal Meridien Beach Resort & Spa on
The housing project includes the building of semi-detached and free-standing single-storey houses, as well as the installation of electrical infrastructure, street lighting, open spaces and sidewalks.
'A man has received the keys to his new Breaking New Ground (BNG) home just a few days before his 54th birthday, the City of Cape Town said on Monday. The City said Fred Swanepoel was overjoyed when receiving his new home along with two other beneficiaries, Faith van Rooi and Helen Fortuin. City of Cape Town Belhar-Pentech housing project The three beneficiaries were among 16 to receive the keys to their homes in the R55 million Belhar-Pentech housing project on Friday. To date some 24 beneficiaries have received homes built as part of the project, which will provide 340 beneficiaries with homes and is expected to be completed by June 2020. “Congratulations to all our beneficiaries on becoming homeowners for the first time, including Mr Swanepoel who celebrates his birthday in his new home today,” mayoral committee member for human settlements Malusi Booi said in a statement. “Owning a home means much more to the beneficiaries than just having a roof over their heads. It signifies the restoration of dignity to some of our most vulnerable residents and provides them with security.” Booi said the city was making every effort to ensure that the construction of the housing project remained on track so that more beneficiaries could receive their home. The housing project includes the building of semi-detached and free-standing single-storey houses, as well as the installation of electrical infrastructure, street lighting, open spaces and sidewalks. “Our beneficiaries are reminded that as property owners, they are responsible for all matters pertaining to their homes, which have become their assets. As such, they are encouraged to maintain their homes and secure them for their loved ones in future by including it in their wills,” Booi said “As the construction of this housing project progresses, we are looking forward to welcoming more qualifying beneficiaries to their homes over the coming months.” By African News Agency (ANA), Editing by Chantall Presence.'
More than one-in-10 people in the UK now own second homes, buy-to-let and overseas properties.
'More than one-in-10 people in the UK now own second homes, buy-to-let and overseas properties.'