Melrose City Mega Development moves to marketing stage

2019-07-26T12:23:53+00:00July 26th, 2019|News|

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

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.

  1. Bonded units 3D images
  2. Layout plan for the Montrose Phase 1
  3. Surveyor General Plan
  4. 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.