Image via Balwin Properties
Image via Balwin Properties
Balwin Properties announced its plans for Munyaka, a development in Midrand, back in February 2020. The plans included the construction of a lagoon and lifestyle centre.
Or rather, the “largest crystal clear lagoon in the southern hemisphere”. In addition to the man-made waterfront and lagoon, the project also includes one-, two-, and three-bedroom apartments.
Balwin Properties recently released video footage of the construction area, along with an indication of what it would cost to live there.
As per Balwin Properties’ business and trading statement for the year ended February 2020, the company confirmed that approximately 2 700 apartments have already been sold and recognised in revenue.
In addition, Balwin Properties also predicted a strong sales headstart from March 2020, and said the one- and two-bedroom apartments were the most popular, making up approximately 74% of all apartments sold.
Once the project is complete, the Munyaka estate in Waterfall, Midrand, will boast 5 020 apartments surrounding the crystal-clear lagoon.
The apartments include Scandinavian style kitchens; as well as free eco-friendly appliances, a balcony for outdoor entertaining, plus pre-paid water and electricity meters.
According to the report, the one-bedroom-one-bathroom apartments would sell for R799 000. The 2-bedroom-2-bathroom apartments will sell for R1.3m, while the 3-bedroom-2-bedroom apartments carry a price tag of R1.8m.
Balwin founder and CEO, Steve Brookes, said the team have “worked very closely with our architects to bring something exceptional to South African sectional title buyers”.
He also believes that the Munyaka property “will not only set a new standard for lifestyle estate living in Waterfall, but indeed in the country”.
In addition to the one-, two-, and three-bedroom apartments, Balwin Properties will also develop two ultra-luxurious penthouses with a 180-degree view of the lagoon; it is expected to sell at R30m each.
If the ultra-luxurious penthouses are out of your reach, there will also be four super luxurious lagoon-facing units, expected to sell for R10m each. The brochure can be viewed here.
The project will cost approximately R9 billion and is situated in Waterfall, Johannesburg. Construction of the lagoon, boundary wall, gatehouse, lifestyle centre and show apartment block has already begun.
In addition, Balwin will also invest in road infrastructure around Munyaka. Furthermore, Mia Drive was already completed at a cost in excess of R100 million.
“I’m a strong believer in the prospects of our country. We can and will turn SA Incorporated around. I’m so confident in the success of Munyaka and South Africa, that I have pledged to buy one of the penthouses for my family.”Steve Brookes