Last year, Balwin acquired development rights in Waterfall which will see the company develop approximately 15,500 sectional title residential apartments over an eight to ten year period. The development rights include three separate land parcels namely, The Polofields, Waterfall Fields and Waterfall Ridge.
Steve Brookes, CEO and founder of Balwin, said that The Polofields offers an unparalleled opportunity to the market.
“The estate offers easy access to freeways, public transport, retail amenities and work opportunities in the Waterfall CBD,” explained Brookes. “Demand has been exceptionally strong and we are pleased to report that The Polofields has achieved over 240 pre-sales to date.”
The Polofields in Waterfall will comprise of 1,512 sectional title upmarket residential apartments once completed. In line with Balwin’s phased build-to-sell business model, the estate will be developed over several phases according to demand.
Each apartment block consists of three levels, offering investors a choice of three layout types, with a North, North- East orientation, in two and three bedroom options ranging in size from 114,8m² to 118,4m² with each apartment allocated two parking bays. The apartments are superbly finished, including top of the range integrated SMEG appliances, Hansgrohe taps and premium fittings with state of the art kitchens, taking the Balwin brand to the next level.
The apartments are certified with the Green Building Council of South Africa on the basis of energy, water efficiency as well as building material sustainability. The estate is wi-fi enabled and includes a Balwin signature lifestyle centre with a fully operational gym, a restaurant, laundromat, wellness spa, squash court, function room, cinema room, a swimming pool, kids outdoor cinema and kids games room, eco car wash and a yoga deck.
Prices range from R2,029m for a two-bedroom, two-bathroom apartment, and R2,129m for a three-bedroom, two-bathroom apartment.
Top photo: The Polofields apartment block