Trapezoid Property Development's recent estate Ridge Town Central has claimed the title of the ‘fastest selling development’ within Umhlanga Ridge Town Centre. 
Photo: Supplied
Trapezoid Property Development's recent estate Ridge Town Central has claimed the title of the ‘fastest selling development’ within Umhlanga Ridge Town Centre. Photo: Supplied

Fastest selling Umhlanga Ridge Town development launches phase 2

By Staff Reporter Time of article published Dec 31, 2019

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DURBAN - Trapezoid Property Development's recent estate Ridge Town Central has claimed the title of the ‘fastest selling development’ within Umhlanga Ridge Town Centre. 

To date, this modern estate has already sold out 85 percent of Phase 1 units and has officially launched Phase 2.

"We always knew the potential the Umhlanga Ridge Town Centre node had for property development and investment. It is evident through our sales that we are seeing individuals move from local KZN regions to be in the centre of the busy lifestyle. The demand for homes situated close to work and popular social amenities is growing by the minute. People want to spend less time getting to their destination and more time living in modern-day luxuries," said Chico Premjee, Co-developer from Trapezoid.

Premjee added, "Currently, we are seeing a younger market, those between 25 – 35 years of age, emerge as leading purchasers in this development. When launching Ridge Town Central, we knew we were giving a professional, on-the-go market a product that allowed them to live with their finger on the pulse within a secure, contemporary estate". 

Ridge Town Central offers 1, 2 and 3-bedroom apartments from R1,15 million. Interested investors will only need to pay a 5 percent deposit fee and benefit from the capital appreciation on completion. These apartments have been designed to be larger than the standard apartments within the Umhlanga Ridge Town Centre offerings. 

Each unit boasts spaciously sized bedrooms, built-in cupboards with superior quality fixtures and modern finishes, open-plan design and spacious patio areas ideal for family living. In addition, each unit also includes a service yard for laundry appliances and enough space to dry clothes. 

The kitchens come with Bosch or equivalent kitchen appliances built in. Residents will have the benefit of the drive-through gatehouse, and exclusive-use of the clubhouse.

"As a result of Phase 1 selling at such a rapid rate, we have decided to fast-track the construction timeframe. We are proud to announce that we have appointed WHBO as our contractor and are set to break ground soon. Furthermore, we have decided to commence and complete construction of the entire estate within one phase," concluded Premjee.

BUSINESS REPORT ONLINE

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