Real estate on the KZN South Coast holds major potential for keen investors looking for a quality coastal property at unbeatable value for money. This is fast being realised as local and international buyers are investing in a number of catalytic property developments in the region. One such example is the R800m Serenity Hills eco-estate, with buyers taking ownership of their plots in November 2023.
“The true investment potential of KZN South Coast’s real estate is being realised with the emergence of several new housing and mixed-use estates in the past few years,” commented Phelisa Mangcu, CEO of South Coast Tourism & Investment Enterprise (SCTIE). “The fact that construction is about to get underway at Serenity Hills is a significant development as it shows investors aren’t merely interested in the region, they’re committed to its long-term growth.”
Developed by internationally-renowned organisations, Vida Capital, and local partner, the Wenger Family, Serenity Hills is a 120-hectare eco-estate located in Margate. The estate is centred on sustainability, community, and modern amenities for all residents of the 600 beautifully appointed units planned for the three neighbourhoods. This eco-estate offers residents secure living within the coastal forest setting with many afforded ocean views. Being a low-density estate, 70 hectares will remain private conservation land.
Serenity Hills was one of the local developments singled out by President Cyril Ramaphosa at this year’s SA Investment Conference (SAIC) for its significant investment contribution to growing the country’s economy. Despite only launching Phase 1 in the second half of 2022, the developers have already sold 50% of its units, with investors coming from Gauteng, the Western Cape, Germany, Austria, Switzerland, the Netherlands and the United Kingdom. Aspects like state-of-the-art security, eco-conscious living, on-site facilities, and notable community initiatives such as the Sweetdale Skills Centre and Sweetbike Community Project contributing to the region’s upliftment are attracting investor interest.
Construction has just started on the first homes, all of which will be solar-ready, with the first residents planned to take occupation in the second quarter of 2024. Exciting new developments also include the construction of the innovative Forest Pods built into the flow of the natural landscape, with ocean views, and coastal forest surrounds. To compliment the eco-living, these Forest Pods come with a full solar system included.
Sam Wenger, Serenity Hills Development Director, said they are thrilled that the development is on track, and that the dream for an affordable, quality estate is finally being realised: “With all the upgrades that are happening in the area, now is the time to invest into the property market on the KZN South Coast. You still get unbeatable value for money, found nowhere else in South Africa. Alongside the subtropical weather, warm ocean, untouched beaches, and access to all modern amenities and hospitals, we’re only anticipating investor interest to grow.”
Serenity Hills is joined by other large-scale developments which are pioneering the revival of the KZN South Coast. Other notable developments that are gaining significant investment are the R15 billion Renishaw Coastal Precinct in Scottburgh which, through its successful Phase 1 development Renishaw Hills, is on track to be a successful mixed-use precinct. Other projects include the multi-billion-rand Bahari Bay eco-estate in Shelly Beach, and the 32-hectare Injabulo Lifestyle Estate. To find out more about these and more investment opportunities, get in touch with SCTIE, the KZN South Coast’s One-Stop Shop for investment. Contact SCTIE on 039 682 7944, email firstname.lastname@example.org or visit www.investkznsouthcoast.co.za