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One of the advantages of investing in a property that will only be completed a year or two after your purchase is the benefit of capital growth that is achieved in the meantime. For instance, if you have purchased a share in a property in 2020, the likelihood is that you will gain capital growth on the purchase price by the time the transfer goes through on project completion.

At EasyProperties we make sure that our investors do not miss out on this benefit even though we have to raise 70% of the purchase price. We do this by placing a small deposit in an attorney’s trust while the collective balance for the project goes to a high interest-bearing trust account  

Four properties that are steaming ahead to meet their construction deadlines on time are BlackBrick Sandton 2, The Carrington, Saxon Square and The Fynbos.

BlackBrick Sandton 2  

BlackBrick Sandton 2, where 75% of the 295 apartments are already sold, is due for completion in December 2022.

Adding to the enthusiastic take-up by investors is further on-site development through a joint venture with J’Something to create a cultural and entertainment experience called ARTISTRY.

According to BlackBrick developer Moritz Wellensiek, the additional 2000m2 over three levels could be the catalyst for the rebirth of Sandton not just as a business node, but as a cultural node that will attract a new generation of South Africans and visitors from around the globe.

Apart from the accommodation offered by the hotel-apartment hybrid, Artistry will offer a rooftop cocktail bar and restaurant, a 100-seater auditorium for live music or theatre performances and a   lounge bar on street level for the perfect after to create a complete 24-hour experience.  

“Through the EasyProperties platform, we have reached a wider investment audience by giving access to many people who are not in a position to invest in an entire apartment.

EasyProperties provides an accessible entry point into a great asset class or one for those who want to diversify their property portfolios," says Wellensiek.

The Carrington, Cape Town CBD

The Carrington, where the 49-unit development is 100% sold out is due for completion in January 2023.

According to developer Morné Moller the buyer profile is diverse with approximately 30% foreigners, 30% from Cape Town and around 40% from the rest of South Africa.

Saxon Square, Rosebank, Johannesburg

Making a stylish statement in the Saxonwold area, Saxon Square occupies a prestigious address on Oxford Road where 91 of the industrial chic style units have already been sold. Completion is scheduled for December 2023.

According to developer Alan Dinnie, the affordable price entry point, particularly for the Parkwood and Saxonwold areas, as well as the vast lifestyle amenities on offer, have attracted buyers from within the site’s 5km radius.

“The product aimed at aspirational investors was well suited to the EasyProperties platform which provided further exposure to this market," says Dinnie.

The Fynbos, Cape Town CBD

Demolition is complete at The Fynbos, South Africa’s first biophilic development which is scheduled for completion during the final quarter of 2024.

According to developer Patrick Gardner buyers are a diverse mix of new homeowners, foreigners and a large proportion of South Africans currently living abroad.

“The IPO raise on the EasyProperties platform was reached in record time where a broad base of investors, which aligns with our ESG pillar of accessibility, was easy to reach," says Gardner.

The IPO investor stats for each project are the following:

The Carrington, 5 426 investors

Fynbos, 5 540 investors to date and expected to reach 5750

The Saxon, 4 232 investors

BlackBrick 2 Sandton, 7 496 investors

The EasyProperties platform, guided by a panel of property experts, offers hand-picked property investment opportunities in the form of fractional ownership shares to investors regardless of net worth or income.

 

Have you seen the exciting properties currently listed?

To make investing through EasyProperties even more valuable and exciting, we continue to add more excellent properties onto the platform. We are super excited to show you these amazing properties, and we know you will fall in love with them just as much as we do because of the potential income they will provide.