For Immediate Attention
18 August 2023
International investor confidence continues to grow on the KZN South Coast
The South African property market remains an attractive investment for foreigners looking for quality yet affordable seaside locations. While the Western Cape has long dominated this market, the warm coastline of KwaZulu-Natal has emerged as an appealing destination, with the KZN South Coast now a dominant player in the property market.
“There are a number of catalytic property developments on the KZN South Coast that are gaining national and international attention for their attractive coastal location, quality build, and affordability,” explained Phelisa Mangcu, CEO of South Coast Tourism & Investment Enterprise (SCTIE). “We will continue to uncover potential in the property sector and connect buyers, developers, local and national government departments to better facilitate these investment opportunities.”
Two KZN South Coast developments attracting large-scale attention are the eco-estate Serenity Hills, as well as the 1 300-ha Renishaw Coastal Precinct. The Department of the Trade, Industry & Competition (dtic) assisted in the enrolment of the precinct into the Eastern Seaboard Initiative, after which both developments were honoured at the 5th South African Investment Conference (SAIC) in April where they pledged towards the President’s R1.2bn investment target for the South African Economic Reconstruction and Recovery Plan. This prompted a recent post-SAIC media tour, organised by TIKZN and attended by various dignitaries including the Office of the Presidency, who were afforded a first-hand experience of Renishaw Coastal Precinct and Serenity Hills.
The R800m Serenity Hills eco-estate launched Phase 1 of the development in the second half of last year and has already sold 50% of its units, with buyers coming from Canada, the United Kingdom, Switzerland, and Germany. Renishaw Coastal Precinct, which has a total anticipated spend of around R15 billion upon completion, boasts the successful Renishaw Hills in Phase 1. This well-established mature lifestyle estate saw property values escalate by 50% in just five years.
Both developments offer significant investment opportunities, with Renishaw Coastal Precinct unlocking potential in retail, healthcare, education, and more. The developments are also stimulating the local economy and unlocking further opportunities for investors outside of these developments.
Beyond these, SCTIE has uncovered further potential in the Margate region with Injabulo Lifestyle Estate. This 32-ha development has an estimated investment value of R300m, largely from international investors. There will be 254 free-standing, full-title homes with private gardens and ocean views, with zoning for medical and educational facilities. Property prices start from R995 500 for a 2-bedroom unit and at R 1 192 500 for a 3-bedroom unit with the official launch in August.
SCTIE will continue to showcase and support investments on the KZN South Coast, with a focus on property and other key growth in sectors including tourism, agribusiness, renewable energy, logistics and transport, manufacturing, maritime sector, and mining.
To find out more about these and more investment opportunities, get in touch with SCTIE, the KZN South Coast’s One-Stop Shop for investment. Contact SCTIE on 039 682 7944, email firstname.lastname@example.org or visit www.investkznsouthcoast.co.za. To become a Buy Local member or find out more, visit the Buy Local tag at www.investkznsouthcoast.co.za or click here for a membership form.
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(Images: Supplied by SCTIE)
1 300-ha Renishaw Coastal Precinct unlocking potential in retail, healthcare, education, and more.
Renishaw Hills, a hugely popular mature lifestyle estate,
is the first development within the precinct located in the first of five nodes.
Renishaw Hills mature lifestyle village on the KZN South Coast.
R800m Serenity Hills eco-estate, located in Margate on the KZN South Coast.
Render images of Injabulo Lifestyle Estate located in the Margate region.
About South Coast Tourism & Investment Enterprise (SCTIE)
SCTIE was established as the official economic development arm of the KZN South Coast which extends from Scottburgh to Port Edward, and inland to Harding. It is a legal entity of the Ugu District Municipality with executive powers, serving the Ugu District and its family of municipalities. The entity is committed to identifying and unlocking the full tourism and investment potential of this region. SCTIE achieves its mandate of promoting investment through dedicated marketing initiatives, product development, business support and training, dedicated networking events, and breaking down barriers to local investment. From the coast to the hinterland, the KZN South Coast has a wealth of untapped investment potential for those who are looking to branch out into the district and uncover opportunities. The attractive location, subtropical climate, natural assets and accessibility make the KZN South Coast a prime investment destination. By engaging with local and international role players, SCTIE seeks to assist investors looking to uncover hidden gems across various economic sectors, including tourism, agriculture, manufacturing, real estate, logistics and transport, and the ocean economy, among others. For more information, visit www.investkznsouthcoast.co.za.
Issued on behalf of:
South Coast Tourism and Investment Enterprise (SCTIE)
Olivia Jones Communications
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