SafDev Projects Delivered

Installation of infrastructure and delivery of serviced stands to the market

6 914   Affordable stands, completed and handed over

366      Cluster stands, completed and handed over

7 280 Total serviced stands delivered

Housing units constructed and handed over to end-user

788 Credit linked affordable houses at an average of R250 000 [U$35,210]

4 563 Subsidised housing units completed and handed over. An average of 30 square meter units using the R15 000 [U$2,120] subsidy plus the 15% geotech allowance

126 Cluster homes at an average of R850 000 [U$119,750]

549 Sectional title units at an average of R550 000 [U$77,470]

6 026 Total housing units delivered

SafDev Projects Pipeline

The following is a summary of the secured work SafDev has in the pipeline. Our definition of work secured is: “projects planned or approved on property owned by the company, and are under total control of the company”. At any point in time our procurement specialists are negotiating the purchase of proposed projects with a unit yield equal to that of the secured projects ensuring that our pipeline remains full. The properties we have acquired and the projects currently underway are the following:

Installation of infrastructure and delivery of serviced stands to the market over the next 4 years:

5739 Affordable stands at an average selling price of R185 000 [U$ 26,060]

43 Cluster stands at an average of R850 000 [U$119,720] per stand

5 782 Total serviced stands to be delivered over the next 4 years

Housing units to be constructed and handed over to end-users over the next 4 years:

1082 Affordable housing units at an average selling price of R425 000 [U$59,860]

43 Cluster homes at an average selling price of R1.3 million [U$183,100]

5262 Sectional title units at an average selling price of R350 000 [U$49,300]

6 387 Total housing units to be delivered over the next 4 years

Projects