PARKLANDS NORTH -‐ SALES BOOM

PARKLANDS NORTH -­‐ SALES BOOM CONTINUES …. Dave Macleod-­‐Elliott, Sales Director of Aska Property Group reports that following a phenomenal 2014, the unprecedented demand for serviced plots in Parklands North continues, well into the second quarter of 2015! Last year, a total of 510 sales were concluded, representing a land sales value in excess of R 485million. The Parklands Joint Venture, comprising the landowners, Milnerton Estates Ltd. and the Aska Property Group (Pty) Ltd., advise that by August 2014, all sales records had been broken. The first four months of 2015 has been no different, with an additional 169 vacant erven being snapped up, equating to a further R 96,2m of land sales in the area. Sales in this popular suburb of Parklands North, comprise 82.6% of our business this year, with 126 single residential erven (R74,9m) having been sold and a General Residential (GR4) site which sold for R4,7m. ROADS & SERVICES UNDER CONSTRUCTION TO PHASE 14C Parklands North News Release May 2015 Parklands North, situated immediately north of the newly opened Sandown Road precinct, north of Table View, is bounded by the Eskom power line servitude on the western side and Wood Drive on the eastern boundary. Sandown Road has fast become the “northern gateway” into the area and has provided the long-­‐awaited, east-­‐west corridor, linking the R27 West Coast Road to the N7 freeway. Sandown Road has been designed to be duelled in the future and will incorporate the northern loop of Cape Town’s new MyCiti” integrated rapid transport bus system. The Parklands JV has commissioned a number of new roads in the area over the past 12 months, including Butterfield, Constitution, Fulham, Dulwich, Holborn and Oakland Hill Road, Whitehall Way, Homerton End, Harmsworth Place and Islington Close. The final section of Phase 14C has just been launched, which will see a further 50 single residential erven along Tyrall Road going to the market, with selling prices starting from R675,900 for a single residential plot of approximately 540m2 in extent. FINAL PHASES OF PARKLANDS NORTH (PHASE 14C&D) – SOON TO BE RELEASED Parklands North News Release May 2015 Nathan Green, Sales Executive for the Aska Property Group, who has been largely responsible for many of the single residential sales concluded in the recent past, attributes this unprecedented demand to the following factors: 1. “Parklands North offers potential homeowners exceptional value for money, in an environment where there is a serious shortage of quality existing homes available on the market; 2. The suburb offers a great location, in close to proximity to regional shopping centres, restaurants, public transport nodes, easy access to national roads, Cape Town’s CBD, top private and government schools and the Table view beachfront; 3. There are a variety of plots on offer in Parklands North, from the smaller Terrace plot (typically 156-­‐176m2 in extent selling from R440,000), to the Village plots (+/-­‐ 325m2 selling from R525,000), to the larger Single Residential property (540m2+ selling from R720,000); 4. With some 85 top structure developers operating in the area, there is a wide selection of quality homes on offer, together with the option of tailor-­‐ making a 5. Our client base has access to a number of talented architectural designers operating in the area, that work at risk, to assist in packaging a tailor-­‐made designer home, within the constraints of the client’s budget. This flexibility, ensures that a prospective homeowner is able to include the features they so desire and on some of the larger erven, design in such a way, so as to allow for that future extension; 6. With direct access to the commercial banks and mortgage originators, the sales team is able to assist with the pre-­‐qualification of the Client’s finance, making the process, an exciting, stress free experience”; Two illustrations from the developers present in Parklands are shown below. To avoid disappointment, kindly contact Nathan or Ryan at the Aska Sales Office on Tel: (021) 556 2333 or Cell: 082 603 5564. Parklands North News Release May 2015