Balwin Properties opened its second man-made lagoon in Gauteng this week. Flanked by modern apartments, villas and a"hero" six-bedroom penthouse priced at R75 million, Balwin's new addition comes as the developer looks to capitalise on robust demand for housing, including from those frustrated with the state of government's electricity and water services.
The Munyaka lifestyle Estate, where the lagoon filled with 40 million litres of water is located, also adds to a growing number of developments in Waterfall City that seek to appeal to buyers looking a long-term solution to SA's seemingly permanent load shedding problems. The developer has established an energy subsidiary, Balwin Energy, that specialises in solar power to reduce the reliance of Munyaka and other Balwin estates on Eskom. The energy business also supplies water treatment plants for the estates.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
_Business The cost & maintenance of these estates become unsustainable. Once any of these entitled folk sit on the board of trustees the standards & controls will fly through the window. A future slum in the making! Watch!
_Business Now if they could only have electricity... Hahahah
_Business How much are levies in these developments ?🙆🏽♂️
_Business I know I'm not clever and that's why I'm asking. Amanzi azobe abuya kuphi to fill these lagoons? 🤔 🤷🏿♀️
_Business Irresponsible developers in a water-scarce country.
_Business Like the Randburg Waterfront. Which, sadly, is no more.