Montrose City Mega Development has announced the hosting of a meeting with financiers, banks and estate agents to take its affordable housing development to the marketing stage.

Montrose City housing. Image credit: Montrose City Mega Development
“It is our pleasure and honour to partner with yourself on the Flisp/bonded units within the development. We will be requesting a meeting with yourself to take discussions forward but for now please receive the attached information about our bonded and Flisp units.
- Bonded units 3D images
- Layout plan for the Montrose Phase 1
- Surveyor General Plan
- Price list as per below table
Item | Description | Size | number of units | Amount per unit |
1 | Bonded Type 1 (1 bedroom/Flisp, 1 bathroom, 0 garage and 1 carport) | 50 | 87 |
R 366 666.67 |
2 | Bonded type 1 (2 bedroom/Flisp, 1 bathroom, 0 and 1 Garage) | 55 | 184 | R 440 000.00 |
3 | Bonded type 2 (3 bedroom/Flisp, 1 bathroom, 0 and 1 Garage) | 60 | 184 | R 480 000.00 |
4 | Bonded type 3 (2 and 3 bedroom/Commercial, 1 and 2 bathroom, 1 and 2 Garage) | 70 | 172 | R 560 000.00 |
4 | Bonded type 4 (3 bedroom/Commercial, 2 bathroom, 1 and 2 Garage) | 80 | 429 | R 640 000.00 |
5 | Bonded type 5 (3 bedroom/Commercial, 2 bathroom, 1 and 2 Garage) | 90 | 257 | R 720 000.00 |
“We will be engaging on a workshop meeting that will include the following stakeholders in less than two weeks and we will share the exact dates;
- Commercial banks
- Conveyancers
- Mortgage originators
- Real estate companies
- National Housing Finance Corporation (NHFC) for the Flisp program and
- Gauteng Department of Human Settlements to share on their Rapid land release program principle or approach.