News

In a post-pandemic reconfiguration of what home should look like, residential developments that offer community, lifestyle and the ability to work remotely when necessary, are in demand. Orlando Towers, located near to the best that everything vibey Soweto has to offer, is no exception.

The Orlando development precinct, where early investors of the first 136 units of the total 2800 apartments to be built over the next five years, has been well-planned with the greater area in mind.

Whopping Annual House Growth  

These alone would be solid reasons for capital appreciation potential, but according to Rupert Finnemore, EasyProperties CEO, Soweto’s annual house price growth of 30% in the past year has not escaped the attention of astute investors from all over the country.

" As Soweto is home to around 40% of Johannesburg’s total population and as a result of its excellent pricing of R14 600 per m² making it a highly attractive rental option, the overall investment opportunity to own a stake in one of South Africa’s most thriving and important areas is well worth consideration, " says Finnemore.

Tax Incentives for Bulk Purchasers

Even more so for bulk purchasers who qualify for a tax incentive.

" Offering access to the Section13sex of the Tax Act No 58 of 1962, Orlando Towers offers any tax paying investors who purchase five or more residential units, to claim up to 55% of the purchase price as a tax deduction over 20 years, " says Finnemore.

The High Demand in Orlando

The demand for rentals in Soweto is expected to continue to grow especially as Millennials who are the largest residing generation in Soweto and the group who rent the most, enter the job market.

Orlando Towers, conveniently located only 1km from the University of Johannesburg, 2km from Barra Hospital, 2km from the Barra Taxi rank and 3.5km from Maponya Mall, is geographically perfect for Soweto’s student and young professional population.

Sports enthusiasts are just 2km away from the Nike Shapa Soweto Centre, 5km from the Soweto Country Club and only 4km from the famous Orlando Stadium.

Affordable, convenient and generously sized from 45m²-68m², each apartment offers a gas geyser and stove, prepaid electricity and water metres, free Wi-Fi and a router for a year, dedicated parking and 24-hour security that includes biometric access.

Residents will love the private community feeling offered by braais throughout the estate, a football pitch and a clubhouse. All of this is only a short distance from the thriving heartbeat of Soweto and the best education, restaurants, shopping and sporting amenities that it has to offer.

Orlando Towers will be more than a home and lifestyle; it addresses a profoundly significant segment of the property investment market.
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