Pam Golding Properties launches luxury development in Umdloti
“As 2016 kicks off to a tumultuous start, perhaps one certainty is that the coastal belt from Durban North and Umhlanga through to the burgeoning Sibaya node and Umdloti is still booming. While the general sentiment globally is one of caution and instability, this northern strip of KwaZulu-Natal is completely bucking the trend,” says Carol Reynolds, Pam Golding Properties area principal for Durban Coastal.
According to Reynolds the property market in the KZN North Coast is extremely buoyant, driven by huge demand from both local buyers and up-country investors. “The KZN lifestyle offering is highly sought after and with its idyllic year round climate and excellent schools, people are flocking to this northern belt to relocate or retire.
“Others, including many Johannesburg families, are choosing to uproot and relocate – with the major breadwinner commuting via the conveniently positioned King Shaka International Airport, while enjoying the commercial benefits of a lucrative Gauteng career combined with the lifestyle benefits of living in this part of KZN province.
“The market is seeking security, convenience and lifestyle, and this is exactly what developers in Umhlanga and Sibaya are delivering in spades. Pam Golding Properties is currently marketing no less than five developments in this high demand belt, and we see an ongoing influx of people into the area because Umhlanga has always been regarded as a blue chip property investment, increasingly so as this entire north coast corridor grows and expands northwards.”
She says in addition, Umdloti has been put on the map. As Sibaya mushrooms, so the gap between Umhlanga and Umdloti has been bridged, with Umdloti becoming more popular than ever. Pam Golding Properties has just released a very exclusive development in prime Bellamont Road in Umdloti, comprising four luxury homes in a private enclave.
“The views from this elevated development sweep across the ocean towards Durban in the south and in the direction of Ballito in the north, and this opportunity will soon become a distant memory as buyers line up to secure themselves a piece of prime property in one of the fastest growth nodes in the country. Position is everything in real estate, and a secure luxury development with top quality finishes in a prime address with panoramic sea views is always a safe investment,” says Reynolds.
The new development, ‘90a Bellamont’ is already 50 per cent sold, and as Sibaya develops, the benchmark for prices in this area will increase, she believes. “Indeed, we have already witnessed the prices for new developments escalating in Umhlanga, and Umdloti will follow suit. Proximity to the airport and to Umhlanga, coupled with the beautiful beaches that Umdloti offers, have made this coastal village highly desirable for buyers. We are seeing more and more Gauteng investors moving into the area, and this trend is set to continue as Sibaya unfolds over the next few months.”
Set high on a crest, the four exclusive villas of 500sqm each are on two levels with elevated covered terraces and deep verandas for seclusion and wind protection. With four bedrooms, all en suite, the living areas are expansive and open with stacked sliding glass facades promoting a relaxed coastal lifestyle which capitalise on the sub-tropical seaside environment. The units, each of which has its own swimming pool, are priced at R12.4 million, including VAT and with no transfer duty payable.