It has been almost 12 months since the commencement of construction at Alphen Glen on the Constantia Alphen rim:
- 333 000 bricks laid
- 1 364 m³ of concrete
- 20 816 hours of labour
Combined with the keen eye of a highly skilled project management team, critical assessment of engineers, architects and spatial planning designers, has transformed a once vacant space into the first completed Show Unit at Alphen Glen.
Alphen Glen is inviting you to view the completed Show Unit.
Construction Progress – Full Steam Ahead!!
PENTHOUSE LIVING AT ITS’ FINEST
Only 1 penthouse unit left at R4,995m, incl VAT (NO TRANSFER DUTY)!
These spectacular penthouses offer the latest architectural interiors with ultra-modern finishes, incorporating the latest kitchen and bathroom trends. To add to the modernity of the development it is pet-friendly and equipped with high-speed fibre connectivity, ideal to work from home.
Interest Rates Climb, but Homes are Still Affordable
by REI Editorial | March 2022
Samuel Seeff, chairman of the Seeff Property Group, says that the decision by the SARB to hike the repo rate for a third successive time by 25 basis points to 4.25% (hiking the prime rate to 7.75%) was expected and largely factored into their outlook for the housing market.
As a result of the latest rate hike, and based on a housing bond at the base rate over twenty years, homeowners and property buyers will need to budget for an extra:
Bond Amount
R750,000 – extra R115 (repayment increases from R6,042 to R6,157)
R900,000 – extra R139 (repayment increases from R7,250 to R7,389)
R1,000,000 – extra R153 (repayment increases from R8,056 to R8,209)
R1,500,000 – extra R230 (repayment increases from R12,084 to R12,314)
R2,000,000 – extra R307 (repayment increases from R16,112 to R16,419)
R2,500,000 – extra R384 (repayment increases from R20,140 to R20,524)