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Artist’s impression of the new Wedgewood development in Sandton.
- An apartment building with more than 1,300 homes is planned for Sandton.
- Aimed at first-time buyers, prices start from R799,000 each.
- The building will have its own indoor soccer field and outdoor cinema.
- For more articles, go to www.businessinsider.co.za.
A large new apartment building, intended for first-time buyers, approaches the Sandton skyline.
Balwin Properties is developing the new R1.6 billion 20-story building, which will have 1,340 apartments, with 33m2 studio apartments starting at R799,000 each.
Artist’s impression of the Wedgewood development. Source: Balwin
The Wedgewood development will also have a rooftop futsal field and an outdoor theater.
A rooftop futsal field is planned for the Wedgewood development.
Other amenities include rest and relaxation areas, concierge services, children’s play area, cafeteria, gym and laundry service.
An artist’s impression of the entrance to the planned Wedgewood development.
Wedgewood is Balwin Property’s first high-rise building and, speaking with Moneyweb, Balwin Properties CEO, Steve Brookes said that it is primarily aimed at the first-time home buyer market, “allowing people to access homebuyer opportunities. more affordable housing in a place like Sandton. ” The building is 200 meters from Sandton Gautrain Station.
33 square meter studio.
Two-bedroom apartments are offered for R1.49 million, while one-bedroom apartments have a starting price of R799,000. All apartments will have balconies and will be equipped with Smeg appliances.
An artist’s impression of the two bedroom apartments.
Keillen Ndlovu, director of listed properties at Stanlib, said there is room to create more affordable residential nodes in prime locations.
“They have gone a step further in terms of hosting low- and middle-income markets by introducing these concepts. It is a step forward in terms of going to that segment of the residential market, “he said.
Balwin recently launched the Mooikloof Mega City project east of Pretoria, touted as possibly the largest sectional real estate development in the world. Some 50,000 apartments are being planned and the government is speeding up approvals so that construction can start as soon as possible. Prices range from R499,000 to R799,000.
READ | 50,000 flats planned in Pretoria East, for people earning less than R18,000 a month
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