Vanderbijlpark to expect a multi-billion Rand development
Category Property News
Situated on the banks of the Vaal River, and neighbouring the towns of Sasolburg and Vereeniging, lies the transforming town of Vanderbijlpark. Although it is labelled as an industrial area, recent changes have opened up a new chapter in its development that will see Vanderbijlpark emerge as a key player in the South African residential property market.
Supporting a tight knit-community of approximately 95 840 inhabitants, the town was built on the strength of its industrial sector. Today, Vanderbijlpark is diversifying its economy by attracting new types of businesses and demographics, and creating more job opportunities.
This trend has two distinct effects on the residential market. Firstly, with more businesses from various industries burgeoning, an increased number of people are relocating to the town for job opportunities. Subsequently, they require homes close to their place of work, resulting in a higher demand for residential properties.
Secondly, as demand increases, the residential market will begin to transform to meet the needs of its home buyers. The market currently provides a range of residential options, from freestanding homes and secure sectional-titles, to luxurious estate properties – there exists a multitude of choices.
As this transformation takes hold, a new property type will soon place the town in a new league of urbanisation.
The Vaal River City
Due for completion in 2030, The Vaal River City, is an R11 billion mega settlement that will span an incredible, 250 hectares on the banks of the Vaal River.
The project’s developer and architect, Reggie Kukama, describes the development to the Sowetan Live. He says:
"The flagship project will be a visionary regeneration of this barren space, ensuring the massive development of a city on a river that is accessible to all people and politically and culturally will re-energise the area."
The Vaal River City will extend towards the upper end of Vanderbijlpark and it is expected to rejuvenate the local economy and boost tourism in the area. Over and above this, it will symbolise the town’s progression towards a more modern way of life.
Furthermore, the development will mirror modern cities around the world that are also located on the water’s edge. Residence and visitors will be immersed in sweeping and panoramic views of the river, and they will have access to a range of amenities. These include: 60000 sqm for leisure, retail and hospitality, more than 400 000 sqm of commercial office space, 20 hectares for parklands and a bird sanctuary, and 5000 residential units.
On the Market
One of the most beautiful family homes in Vanderbijlpark is currently mandated by Dormehl Phalane Property Group. This 4-bedroom freehold home is newly renovated, and features detailed and stylish finishes, including a large sized swimming pool and an entertainment area with a thatched roof.
As Vanderbijlpark continues to grow and transform, it will attract new property types to its market. The Vaal River City is an example of this, and it is set to change the property landscape of the town for years to come.
To find out more about the available properties in Vanderbijlpark, you can speak to our experienced and accommodating agents from Dormehl Phalane Property Group who will help you uncover your perfect home in this leading town.
Author: Dormehl Phalane Property Group
