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New Developments

By: REI Editorial

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Balwin Properties launches R10 billion Development in Waterfall Smart City

Hollywood type lifestyle comes to Gauteng called Munyaka

  • Largest Crystal Lagoon in Southern hemisphere at approximately 3 HA
  • State-of-the-art lifestyle centre
  • Amenties include gym, on-site concierge, restaurants, meeting rooms, swimming pool, laundromats, cinema, wellness spa and non-motorised water activities – canoeing and paddle boarding
  • Approximately 4 200 jobs to be created over development lifespan
  • First phase comprises over 1 000 apartments completed and occupancy
  • 5 020 total architecturally designed apartments completed by 2028
  • Balwin’s Classic Collection of high-quality apartments
  • One, two and three-bedroom apartments starting from R 989 900
  • No short-term letting allowed
  • Road infrastructure significantly upgraded with completion of Mia Road by Balwin at a cost of over R100 million
  • Future nodal expansion includes:
  • The proposed Waterfall Gautrain station within walking distance from Munyaka
  • Extension of the K60 from Van Der Bijl Avenue to Allandale Road
  • The establishment of a world class sporting facility
  • Little Hill Montessori pre-primary schools
  • A convenience retail centre of approximately 20 000m2
  • A Radisson Red hotel

Munyaka, is the crown jewel in our development portfolio. Notwithstanding the challenges we currently face as a country, I firmly believe in South Africa’s future and this R10 billion investment is a huge vote of confidence in our resilience as a nation.

“We have worked very closely with our architects to bring something exceptional to South African sectional title buyers and believe that it will not only set a new standard for lifestyle estate living in Waterfall, but indeed in the country.”

“More than 4 200 job opportunities will be created across the lifespan of the development, which is expected to be completed in 2033.”

In addition to the crystal-clear lagoon, Munyaka will offer residents amenities such as gym facilities, on-site concierge, restaurants, meeting rooms, a swimming pool, laundromats, cinema, wellness spa and water activities such as paddle boarding and canoeing.

To ensure a community-based lifestyle and world-class security, the Group has implemented a strict no short-term letting policy at Munyaka.

The first phase comprising just over 1 000 apartments has already been completed and occupation taken. On completion in 2023, the development will boast 5 020 architecturally designed fibre ready apartments, featuring a Scandinavian style kitchen, free eco-friendly appliances, a balcony or patio for outdoor entertaining plus pre-paid water and electricity meters.

The bulk of the apartments in the development that are not located around the lagoon will retail from R989 900 for a one-bedroom, one-bathroom apartment to R2 369 900 for a three-bedroom, two-bathroom garden apartment.

The development of Munyaka resulted in several infrastructure upgrades in the node, including the improvement of Mia Road by Balwin at a cost of over R100 million.

Additional infrastructure upgrades are planned for the longer-term including the establishment of a Gautrain station within walking distance from Munyaka, the extension of the K60 from Van Der Bijl Avenue to Allandale Road, as well as the establishment of a world-class sporting facility and retail convenience centre of approximately 20 000m2.

Immediate complementary amenities that will be added to the development include a Radisson Red hotel and a Little Hill Montessori pre-primary school.

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