The 26-storey tower which overlooks the Waterfall precinct will become the new HQ for PwC, which effectively means it will be the hub for the company’s top employees and travelling international clients.
Employees will more than likely want to live close to the office, doing their best to avoid the already-congested N1 highway and the many feeder roads into and out of the precinct. Midrand’s housing market is one of the fastest-growing in the country, spurred on by the many freeway-facing commercial and industrial premises for brands such as General Electric, Vodacom and Toshiba.
“Sectional title townhouses, duplexes and apartments have been particularly popular in Midrand in recent years and numerous complexes and apartment blocks have consequently been built to keep up with demand,” said Nadia Moosa, Pam Golding Properties Midrand manager. “As a result, the majority of properties in the region are today held on a sectional title basis.”
Apartments in the Midrand area can still be bought for anything between R650,000 to R39m for houses.
“There are popular exclusive estates in the area such as Waterfall, Kyalami Estates and Saddle Brooke, suburbs such as Vorna Valley and Noordwyk in which well-priced freehold family homes are on offer, small holdings, numerous townhouse complexes in Noordwyk and Sagewood, and an increasing number of sectional title apartments,” she said.
Top photo: The Midrand region has a highly diverse residential property market. This home in Waterfall Country Estate is on the market for R9,95m