SEMIGRATION TO THE WESTERN CAPE

Semigration to the Western Cape

March 2022

The Aska sales team are pleased to report a significant upsurge of interest in the Pegasus Park security enclave, during the first quarter of 2022. Close to 50% of the recently serviced plots have been sold. Pegasus Park is the second security enclave launched in the business park by the Township Developer - Milnerton Estates. All plots in the park are zoned mixed use (MU2).

Many of these enquiries, for both residential and industrial use, are from Gauteng and KZN. These enquiries are evidence of the 'semigration' trend to the Western Cape.

The greater western seaboard remains one of the fastest growth nodes in the Western Cape.

In the nearby Parklands development, all available land has been sold by the developer.

In the neighbouring and newer Sandown development, the Sagewood residential enclave has been sold out. And sales in the Sandown development, are brisk. Twenty-five plots were sold in the first half of March 2022.

In Pegasus Park, 'Industrial building starts' are underway. The first mini-unit factory complex in this park is now complete with several others at advanced stages of planning.

The Pegasus Park erven range in size from 1100m2 - 6620m2 in extent. A bulk factor of 0.65 and development levies are included in this price. Prices commence from R 2,173,300 (incl. of VAT).