R1 billion worth of sales in 41 months at Sitari Country Estate

R1 billion worth of sales in 41 months at Sitari Country Estate

The sales centre at Sitari Country Estate, where more than R1 billion worth of property has been sold.

Award-winning Sitari Country Estate is now around 41 months into its journey to full maturity since launching in late 2014 – and sales there have already broken the R1 billion barrier.

Claudius Combrinck, executive director of Uvest Property Sales, says that 825 transactions worth R1.094 bn have been concluded.

“We have transferred 367 properties to the value of R460 688 783 to their new owners, which includes country plots, country homes, village homes and luxury and premium apartments. Already 2018 has proven to be another momentous year for Sitari, with 39 sales for February to the value of R57.7 million. This is significantly higher than February 2017, when we had 29 sales worth R44.4m. March also showed some good results, and the outlook for April is very positive.”

John Coetzee, executive director of Uvest Property Group, says that in addition to sub-developers there are 13 accredited builders working on site along with Uvest.

“We foresee more than 350 apartments and homes being under construction in Sitari Country Estate during 2018. Construction on the secondary gatehouse is expected to start shortly, with the security component thereof completed in 2019 and the offices thereafter.

“The country clubhouse civil work will also start this year, with construction in 2019 and a view to being fully operational by 2020. The design of the 22ha wetland – the recreated Klein Zeekoevlei – was previously approved by the local authority and the Departments of Water and Environmental Affairs. Work commenced on the western side late last year and the eastern side will begin simultaneously with the civil construction of the country clubhouse.

“Construction on the 12 500 m2 shopping centre owned by the Shoprite Checkers Group is set to start in the middle of the year, with completion scheduled for 2019.”

Combrinck says Sitari has proven extremely popular with apartment buyers, with 39 of the Waterbrook premium apartments selling in 59 days after launch.

Subsequent to this, two new schemes were escalated and launched – Waterford Place luxury apartments and Paradiso premium apartments. The Waterford Place apartments are within easy access of the 2.2 km Orchard Lane, and the Paradiso apartments will offer views of the Klein Zeekoevlei Wetland, and easy access to the 14 km bike and jogging path. Both schemes consist of one-, two- and three-bedroom apartments.

Adds Coetzee: “As our apartment blocks and streets of homes are completed, we are constantly gaining residents. By the end of the year we should have close to 500 families living in Sitari Country Estate.”