There has been a rapid growth in sales since the first prime beachfront sites were put on the market at the North Coast estate, near Ballito, in 1996 and the number of completed properties has more than doubled in the last 11 years, going from 452 completed by 2007 to 1261 by last year.
“There are 100 sites still left to develop and they have all been sold. Some owners have already started building,” said Sarika Sewpersad, general manager of the Zimbali Estate Management Association (Zema), the homeowners’ association, which operates like a “mini-municipality” administering every aspect of the landmark estate.
In the last seven years, Zema has spent some R86million on upgrades and enhancements.
“By 2018, there was R320m worth of infrastructure under the Zema management,” Sewpersad said.