There is enough existing bulk water and electrical infrastructure to service the entire KCBD area. The existing bulk sewer is only enough to service the existing completed development including the phase 1 housing. Developments beyond the phase 1 housing will require the upgrading of the sewer treatment plant which is planned for completion in 2018. Bulk Electrical supply is provided via the 8MW substation installed along the Steve Biko Road.
The bulk road is served by the Walter Sisulu Drive which acts as the main transport route through the CBD and will be upgraded in future to become part of the City’s ITR network. The road reserve is already fixed at 25m along the northern entry point but where it enters the mixed-use precincts area, adequate space exists for the implementation of a 36m wide road reserve which can accommodate the full IRT infrastructure. This width determination will set the cadastral boundaries for the adjacent properties. Minibus taxis provide a service along other roads including Steve Biko and Govan Mbeki. The PRASA rail line and station provide the other public transport function.
Internal water, sewer and storm water services have been installed for phase one of the housing development and handed over to the City of Cape Town. The electrical reticulation will be installed closer to the construction of the top structure.
The development offers a unique and strategic opportunity due to its location, plans, existing infrastructure as well as its readiness for implementation. There is an existing market that exceeds the current capacity and the potential to increase the units to 1700, which will be in line with the KSDF. We believe that our product offering is packaged for the best market fit and can serve as a catalyst for future quality housing provision in the area. The study indicates that there is a huge demand (61%) for rental market especially in the LSM 5-7 bracket. This offers a great opportunity for a quality Social and Affordable Rental housing product. The mid-case effective demand scenario indicates that we should be able to capture at least 40% of this market. Given that most of the current residents want to remain in the area, a bonded housing component is important as it will provide a sense of permanency to the community.