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Sibaya launches first retirement development, priced from R1,4m

Shoreline bedroom 1Some 76% of retirees are looking for homes priced between R1m and R2,5m. This is according to research conducted by Retire KZN and Carmel Properties, which partnered to create the Sibaya Coastal Precinct’s first retirement estate, Shoreline Sibaya.

“With the Retire KZN data, coupled with our independent research, we have been able to understand the needs of the over 55s market, from a local and international standard,” said Wicus Jacobs, director of Carmel Properties. “Shoreline Sibaya has focused on creating a more affordable product that does not compromise on quality or lifestyle, with apartments starting from R1,475m. In addition, and in line with being conscious of the needs of the retirement market, Carmel Properties has gone one step further, by covering the levy stabilisation fee of each owner to reduce upfront costs.”

The development features single-level sectional title one-, two- and three-bedroom apartments.


Photo: Internal render of a one-bedroom apartment

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Review overview
4 COMMENTS
  • Lyn 13th August 2017

    Are the 2 bedroom units stand alone and what is the layout and cost for these?

  • Greg Bodill 20th August 2017

    Please could you mail me the latest pricing and availability schedule for Shoreline Sibiya. my email address is bodilleducation@absamail.co.za. Regards Greg Bodill

  • Maureen 11th September 2017

    Please email me more details and prices

  • Mr REJ Berichon 4th October 2017

    Please could you email me price on one bedroomed and two bedroom the square meterage per unit levy costs and anything over the purchase price monthly repayments my email adress is jkberichon@gmail.com

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