PRESS RELEASE
For Immediate Attention
04 December 2023

 

First buyers take ownership at KZN South Coast’s exciting new eco-estate development

Real estate on the KZN South Coast holds major potential for keen investors looking for a quality coastal property at unbeatable value for money. This is fast being realised as local and international buyers are investing in a number of catalytic property developments in the region. One such example is the R800m Serenity Hills eco-estate, with buyers taking ownership of their plots in November 2023.

“The true investment potential of KZN South Coast’s real estate is being realised with the emergence of several new housing and mixed-use estates in the past few years,” commented Phelisa Mangcu, CEO of South Coast Tourism & Investment Enterprise (SCTIE). “The fact that construction is about to get underway at Serenity Hills is a significant development as it shows investors aren’t merely interested in the region, they’re committed to its long-term growth.”

Developed by internationally-renowned organisations, Vida Capital, and local partner, the Wenger Family, Serenity Hills is a 120-hectare eco-estate located in Margate. The estate is centred on sustainability, community, and modern amenities for all residents of the 600 beautifully appointed units planned for the three neighbourhoods. This eco-estate offers residents secure living within the coastal forest setting with many afforded ocean views. Being a low-density estate, 70 hectares will remain private conservation land.

Serenity Hills was one of the local developments singled out by President Cyril Ramaphosa at this year’s SA Investment Conference (SAIC) for its significant investment contribution to growing the country’s economy. Despite only launching Phase 1 in the second half of 2022, the developers have already sold 50% of its units, with investors coming from Gauteng, the Western Cape, Germany, Austria, Switzerland, the Netherlands and the United Kingdom. Aspects like state-of-the-art security, eco-conscious living, on-site facilities, and notable community initiatives such as the Sweetdale Skills Centre and Sweetbike Community Project contributing to the region’s upliftment are attracting investor interest.

Construction has just started on the first homes, all of which will be solar-ready, with the first residents planned to take occupation in the second quarter of 2024. Exciting new developments also include the construction of the innovative Forest Pods built into the flow of the natural landscape, with ocean views, and coastal forest surrounds. To compliment the eco-living, these Forest Pods come with a full solar system included.

Sam Wenger, Serenity Hills Development Director, said they are thrilled that the development is on track, and that the dream for an affordable, quality estate is finally being realised: “With all the upgrades that are happening in the area, now is the time to invest into the property market on the KZN South Coast. You still get unbeatable value for money, found nowhere else in South Africa. Alongside the subtropical weather, warm ocean, untouched beaches, and access to all modern amenities and hospitals, we’re only anticipating investor interest to grow.”

Serenity Hills is joined by other large-scale developments which are pioneering the revival of the KZN South Coast. Other notable developments that are gaining significant investment are the R15 billion Renishaw Coastal Precinct in Scottburgh which, through its successful Phase 1 development Renishaw Hills, is on track to be a successful mixed-use precinct. Other projects include the multi-billion-rand Bahari Bay eco-estate in Shelly Beach, and the 32-hectare Injabulo Lifestyle Estate.

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 info@sctie.co.za 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.

Keep updated on Facebook; South Coast Tourism and Investment Enterprise on YouTube; @infosouthcoast on Twitter or Instagram; and South Coast Tourism and Investment Enterprise on LinkedIn. Follow the hashtags #uncover #uncoverkznsouthcoast #uncoverpotential #kznsouthcoast! And click here to check out previous SCTIE press releases.

 

/ENDS

 

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(Images: Supplied by SCTIE)

R800m Serenity Hills eco-estate located in Margate on the KZN South Coast. 

Serenity Hills, a 120-hectare eco-estate located in Margate on the KZN South Coast.

Construction has just started on the first homes at Serenity Hills located in Margate on the KZN South Coast.

 

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)

Disseminated by:
Olivia Jones Communications

For more information please contact:
Olivia Jones Communications
Cell: 083 653 1720
Email: media@oliviajones.co.za