Val de Vie achieves record sales over past twelve months

Val de Vie (Supplied)
Val de Vie (Supplied)

Resale transactions in excess of R885m were concluded on the Val de Vie Estate near Paarl over the past twelve months, which is a 61% increase from the previous twelve months when 122 resale transactions amounted to property resales worth R549m.

Developer sales over the past twelve months amounted to R338m in value, resulting in over R1.2bn in total sales for Val de Vie Estate.

The total value of the completed 1 300 homes and apartments, plus the estate’s amenities and facilities, including the Pearl Valley Jack Nicklaus Signature golf course, totals R15bn with an average value per home in excess of R10m.

“Under challenging circumstances, our success factors have been our strong and consistent brand, world-class security and an unrivalled lifestyle offering in one of the most beautiful places in South Africa,” remarked Ryk Neethling, marketing director and Shareholder of Val de Vie Estate.

Central to the success of the luxury estate is a diverse property portfolio offering. Developer stands, elegant lock-up-and-go apartments, family homes, retirement homes, Gentleman’s Estates and recently completed state of the art Polo Village Offices attract investors from across the globe.

Secure living is of paramount importance to property investors, and as one of the first estates in South Africa to implement biometric-access control measures, Val de Vie Estate’s deterrents bring absolute peace of mind to residents.

Val de Vie Estate Phase 2, excluding the Val de Vie Evergreen retirement facility, is 95% sold out and only a few opportunities to invest in the Estate remain.

South Africa’s largest retirement facility, Val de Vie Evergreen, is 70% sold out on Phase 1 and the first residents will move in mid-2019.

Stellenbosch is now only 15 minutes away from the new Berg River Gatehouse that connects the estate to the R45 Simondium Road, allowing for reduced travelling times because of faster access to the N1 highway.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

ZAR/USD
17.00
(-0.09)
ZAR/GBP
21.24
(-0.12)
ZAR/EUR
19.14
(-0.13)
ZAR/AUD
11.81
(-0.13)
ZAR/JPY
0.16
(-0.20)
Gold
1774.74
(+0.03)
Silver
18.05
(+0.01)
Platinum
808.00
(+0.25)
Brent Crude
42.78
(-0.79)
Palladium
1914.01
(+0.62)
All Share
54521.90
(-0.17)
Top 40
50179.89
(-0.26)
Financial 15
10150.02
(-0.64)
Industrial 25
76554.73
(+0.52)
Resource 10
50138.02
(-1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1597 votes
I am taking a hit, but should be able to recover in the next year
23% - 2089 votes
My finances have been devastated
35% - 3144 votes
It's still too early to know what the full effect will be
25% - 2266 votes
Vote