Infrastructure

There are three social housing projects currently under construction which will deliver a total of 1803 units, in various phases, over the next two financial years, being 2025/26 and 2026/27. These projects are the Conradie Phase 2 project (659 units), the Regent Villas Extension 2 project (110 units), and the Somerset West project (1034 units). The planned completion of a total of 855 units falls within the 2025/2026 financial year. Other social housing projects are in various stages of planning and packaging, with their completion being dependent on conditional grant funding availability, from the Social Housing Regulatory Authority (SHRA).

Currently, in the planning and approvals phase, there are the following projects:

Amandel Place housing development in Belhar, that will yield 326 housing opportunities.

The Ode Molen Precinct, another mixed-use development, including residential, retail and office space, will yield 1 364 residential opportunities - 34% of these will be affordable housing including social housing.

The Stikland Mixed Housing development will yield 6 963 opportunities, of which 25% are allocated for social housing;

The development in Grassy Park will yield 319 BNG housing units; and the Tafelberg development in Sea Point, which we plan to present to the Interested and Affected Parties in May.

Together these human settlements projects will bring private sector investment to the Western Cape estimated at just over R1 billion.

Another set of properties in the metro, which are at the initial stages of enablement, de-risking, analysis of best use and delivery mechanism; are Plantation Road, De Novo, the Government Garage Precinct, Mandarin Court, and Hout Bay.

And, from Langebaan to Knysna, 23 high-value sites are currently being evaluated for development potential, with a combined area of ​​85 hectares and an estimated value of approximately R340 million, which will include the full spectrum of social services.