https://www.engineeringnews.co.za

Multibillion-rand Steyn City development sets new property benchmark

Steyn City

Photo by Duane Daws

Photo by Duane Daws

Steyn City Properties CEO Guiseppe Plumari

Photo by Duane Daws

Photo by Duane Daws

Photo by Duane Daws

Photo by Duane Daws

Photo by Duane Daws

Photo by Duane Daws

5th March 2015

By: Anine Kilian

Contributing Editor Online

  

Font size: - +

The R6.5-billion first phase of Africa’s largest residential development, to date – Steyn City Lifestyle Resort – was launched on Thursday.

The 2 000 acre development is located north of Fourways, in Johannesburg.

Phase 1 comprised 93 apartments and 19 cluster homes, with a further 45 cluster homes to be built off-plan. In addition, six show homes had been completed and 220 freehold stands had been released onto the market – allowing owners to build their own homes.

The one-, two- and three-bedroom apartments ranged in size from 74 m2 to 149 m2 and would cost from R1.65-million to R3.9-million.

High demand for this type of residence had prompted the developers to build an additional 25 apartments over the coming 18 months. These would be sold off-plan.

Meanwhile, the cluster homes on offer at Steyn City ranged in price from R6.2-million to R8.4-million and comprised mainly four-bedroom options, with an average floor size of 350 m2 on stands varying from 400 m2 to 600 m2.

Speaking at the official launch of the development, Steyn City Properties CEO Giuseppe Plumari stated that there was no development on the continent that compared in size and infrastructure to Steyn City.

“This will allow residents to enjoy an unparalleled array of leisure activities and create a unique quality of life that has long been out of the reach of most South Africans, owing to high walls, the need to commute and security concerns,” he added.

INFRASTRUCTURE INVESTMENT
The developers had provided substantial financial support for government’s master planning for the region, which had resulted in the fast-tracking of regional infrastructure upgrades.

The developers invested R300-million in the road upgrade along the R511 that now featured three lanes in each direction from Uranium street through to Erling road, with plans to extend this through to the N14.

“We are currently partnering with government to upgrade Cedar road to include two lanes on either side, from Fourways Life Hospital through to Steyn City Cedar Gatehouse. The Gauteng Transport Department  has issued a tender for the [project] and an appointment of [a] contractor is imminent. Steyn City will make a bulk contribution of one-third of the total cost of construction,” Plumari noted.

Steyn City was also partnering with government to extend William Nicol Drive through to the N14, which was already under way. 

“We have also given the commitment that once we reach specific volumes, we will partner with government on additional infrastructure upgrades,” he added.

Cycle and pedestrian lanes had also been added from Mulbarton street to the Erling street interchange in response to local residents’ requests for better safety and transport in the area.

The developers also financed a major sewer upgrade at a total cost of R73.9-million. This had included an upgraded bulk sewer pipeline from Dainfern to a new pumpstation and the construction of a new R35-million water reservoir on the north-east portion of the resort that would store up to 30 megalitres of water and was part of Johannesburg Water’s master planning for the region.

TECHNOLOGY AND INNOVATION

“Steyn City will be equipped with technology and security systems that will feed off a fibre-to-the-home (FTTH) network, light years ahead of standard copper cable offerings,” Plumari pointed out.

The developers were determined to offer residents freedom of choice regarding data service providers and made a substantial upfront investment in the last mile of communications into residents’ homes, on which any service provider could “piggy back”.

The FTTH infrastructure would support “triple-play” services for residents and city stakeholders, including voice, Internet and television, which could all be transmitted on a single fibre cable.

Wi-Fi hotspots would also be located at strategic community gathering locations.

Steyn City’s “connected community” culture would be supported by a Web- and app-based portal, giving residents access to city notifications, as well as their personal utility billing and Internet usage statistics.

RENEWABLE ENERGY
Steyn City viewed piped gas as an essential alternative power source and installed two bulk gas storage farms to provide a comprehensive piped gas service to the precinct and its homeowners.

“Solar power options will be available to all homeowners, providing them with the opportunity to reduce their carbon footprint,” said Plumari.

The development embraced the use of modern, energy efficient lighting schemes using low energy light-emitting diode lamps for street and landscape lighting. Automatic switching was also included to limit energy use and waste.

Back-up electricity generators would be available to all Steyn City apartment residents.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.08 0.13s - 151pq - 3rq
Subscribe Now