February 2010
The banking fraternity is delivering on both BNG and GAP market housing with Nedbank's Vosloorus development and Absa accelerating delivery through its national projects.
Rental stock in Soweto received an injection of R50m for housing at Protea Glen. Those developers who fast-tracked projects through development tribunals may come short if the Constitutional Court overturns a Supreme Court judgment.
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Affordable housing trends International, social housing projects and current trends suitable for world class African cities. Nedbank R200m for Vosloorus housing The bank that makes things happen, Nedbank and the Cosmopolitan Group are easing the housing shortage in Vosloorus with a cash injection of R200m. The developer will provide 522 residential units. Soil brick solution for housing Ikhaya Brick Technologies has produced an SABS-tested soil brick that fits together like leo. The patented design produces a master builder finish and is ideal for government to use to create jobs using unskilled labour in the over-burdened housing sector. Development tribunals are being challenged by municipality The Constitutional Court will decide if developers can bypass city planners by going direct to development tribunals which fast track delivery by almost a year.
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