Social housing giant Communicare’s former offices in Roggebaai Square on the Foreshore have been sold to Sapphyr Properties for R120million.
Communicare spokesperson Megan Lennert said the social housing organisation was developing 456 new rental apartments with the money it received from the sale of the property. “All 318 units will be rented to households with incomes between R1500 and R15000 a month, with rentals ranging from R550 up to R5000 a month. This phase of the Bothasig Gardens development is regulated social housing. The government is contributing R88m towards the building costs,” Lennert said.
Ndifuna Ukwazi has filed an objection to the Foreshore application, stating the proposed development must contain a “fair and feasible” number of affordable units.
Job creation must be promoted.