With such an overwhelming response from the market, Elaleni Coastal Forest Estate has seen sustained demand. This demand has driven the development of Forest View Apartments and Lush Condos, and the success of these sectional title developments is in part due to the fact that they have full access to all that Elaleni has to offer. Successfully sold off-plan, they offer the whole spectrum of the Elaleni lifestyle and the robust estate security and are a great entry point into the market for many buyers. The buyer profile across the board at Elaleni (Elaleni stands, Forest View Apartments and Lush Condos) is also varied, pointing to a positive shift in market activity.
“Elaleni has organically created a multi-generational estate; from families looking for their ideal home with space and comfort to empty-nesters looking to consolidate and live simply as well as younger people just getting into the property market and buying their first home, Elaleni has all of this. What’s even greater is the sense of community cohesion which Elaleni creates just simply by having such great facilities which are shared and accessible to all residents. We have moved away from the tired old ideas of a homogenous living situation where people at the same life stage flock together- instead we have attracted a multitude of buyers all looking for different things in a home. Elaleni is attractive in that, if you are at that stage of life, you can happily have the perfect family home and still have your parents close by, set up in their own lock up and go apartment.” says Bench-Capon.
Elaleni Coastal Forest Estate exerts an undoubtedly strong pull on the market and especially those looking for space, family facilities, security within a naturally beautiful setting while still being close enough to schools of choice, shopping malls and main roads.
“Elaleni’s success has been unequivocal and those who invested early have already seen a return in a short time. With the potential for strong capital appreciation, already evidenced by the average 55% growth rate at Elaleni, we have had sustained demand and as a result achieved sales in excess of R80 000 000 in the first half of 2019 alone, and have seen some of highest rates per-square-metre on the north coast, both on land and sectional title sales. With these kind of results, those who invest in Elaleni whether it be in land purchases, turn-key home packages or sectional title units, can also ride this wave and watch their investment value grow in similar fashion.“ ends Bench-Capon.