A development which includes both upmarket and social housing is to be built in Fairland in north-western Johannesburg.
The project involves 187 new homes on 9,3 hectares of council-owned land.
”This is a ground-breaking development,” said project manager for the City of Johannesburg Property Company (JPC), Alan Dinnie.
”Never before in South Africa have lower and higher income earners been incorporated into the same complex, living side by side as neighbours. This is the next step in the South African miracle.”
JPC, managers of the City of Johannesburg’s property portfolio, and Johannesburg Social Housing Company (Joshco), were contracted with private sector developers Crowzen, a joint venture between Crowie Projects and ZenQ, for the development.
It is part of the Jerusalem development precinct, which includes the new World Wear Shopping centre and the Wesbank and First National Bank home-loan head office.
About a third of the units will be social housing, rented out by Joshco for R1 500 to R2 000 a month to families earning R3 500 to R7 000 a month.
The market-related units are expected to sell at prices of over R1,5-million.
”Externally, the signature look of the market units will be carried through the social housing units thereby seamlessly integrating the social housing units into the estates,” said Crowzen development manager Anthony Forgey. – Sapa