Over the last decade, we have seen KZN grow from strength to strength. This province is transforming each year and offering residential and commercial properties that address socio-economic issues, while also creating easy connections to places that need to are attracting investors and families alike. One of KZN’s success stories is the Sibaya Coastal Precinct.
Named a catalytic development, the Sibaya Coastal Precinct sits along the North Coast of KZN, between Umhlanga and Umdloti. It has unlocked value for both property developers and homeowners. Due to the massive property value growth experienced within Sibaya, it has now become South Africa’s best performing residential precinct and will now host the first-of-its-kind mixed-use development and smart village, Salta Sibaya. The success of Sibaya’s is not only a result of its thoughtful, holistic design but also its placement within the province of KZN; which is fast becoming SA’s most investable province for a host of reasons.
Coastal property, like that in Sibaya will continue to grow in value. Using the nearby suburb of Umhlanga as an example, sea-facing homes have seen a sharp rise in the price-per-square-metre over the last decade. Much of this value is owed to placement and positioning, but there is also one key factor that adds massive value – infrastructure. Umhlanga’s value has steadily climbed over a fairly extended period, and its desirability has remained stable. Sibaya, however has set a new benchmark with 40% capital appreciation achieved in less than 5 years. Sibaya is vastly different in that it has been plotted, planned, and well designed to create value for its investors. Additionally, Sibaya’s infrastructure, for the most part, has been laid and upgraded by private developers like Devmco Group, in order to ensure uninterrupted services within the precinct. Sibaya’s strategic placement along the coastal side of the M4 draws on the best of KZN’s North Coast and is the golden key that unlocks true value.
Along with good infrastructure, Sibaya upholds a genuine sustainability ethos, seen through the 60% of undeveloped natural environment. With the value of natural assets, like those within Sibaya, being at the forefront of property development and urban planning, Sibaya’s 350-hectare coastal forest will lend even greater value to the homes within the precinct. Having a strict ‘no-development’ zone, the design of Sibaya recognises the importance of these natural areas, not only to property values but also to the long-term vision of a precinct that upholds sustainability and is future-proofed.
Running along a portion of one of Durban’s major highways, the M4, makes getting to and from Sibaya quick and easy. This is one of the factors which resonate deeply with buyers from Gauteng. For many, the commute between work and home takes up a fair portion of their day, and with that valuable time for business or leisure. The ease of commute is one of the lifestyle factors which adds value to an area like Sibaya. Another facet of accessibility is where schools are placed in relation to one’s home – just between Ballito and Umhlanga area host of the country’s top private schools operated by top education providers, which continue to attract people from all over Durban. Sibaya itself will also include a Curro school from Grade R to Matric, and a private university and modern student residences. This creates a development model is unseen in SA; the ability to live within a new, well-planned, holistic precinct which offers sea-facing homes, is secure and well-managed with a new, modern university within. In light of this, KZN is poised to set a new benchmark by offering students the chance to attend a top-class private university which is literally in walking distance from home. Furthermore, the proximity of the university to the various residential estates within Sibaya means that it will undoubtedly attract many more families from outside of KZN’s borders. Over the last 10 years, the corridor between Durban-Umhlanga-Ballito has experienced approximately R54 billion in wealth growth, which is largely owing to the influx of families into the region.
Business confidence and busy airports
King Shaka International Airport has become one of SA’s busiest airports. An easy 10-minute drive from Sibaya, the airport’s accessibility makes it ideal for those who commute in and out of the province for business purposes – you could touch down after a 55 minute flight from Joburg, walk off the plane, get in your car and be home within 20 minutes. Many families are choosing to semigrate to KZN for a host of reasons – from top schools and pleasant weather to less congestion and traffic, and also the chance to live a slower pace of life. Families from other provinces like Gauteng, have bought up property in Sibaya for primary residential use knowing that the proximity of the airport enables business travel to continue seamlessly.
Business confidence is not only an indicator of a growing regional economy, but also an indicator of where to invest. KZN is undergoing a huge transformation and is becoming the destination for business. Durban’s new CBD has established itself in Umhlanga Ridge, with the likes of Investec and Nedbank having set up there. Further north, the Dube Tradeport forms part of the growing Aerotropolis, which will link business, manufacturing, freight, and cargo together in one strategically planned region.
The volume of greenfield development taking place in KZN indicates the growth and desirability of the region. By way of its design, Sibaya has set a new regional and national benchmark for what a city of the future looks like. The Sibaya Coastal Precinct is one of the factors which makes KZN South Africa’s most investable province.
The demand for convenient living grows ever stronger, and people are looking to invest in primary-use property which will enhance their lifestyle. The market’s desire for what is termed ‘blended living’ is driving much of the buyer activity along KZN’s North Coast, especially within key growth areas like the Sibaya Coastal Precinct.
Sibaya’s positioning and lifestyle elements, along with the secure estate living on offer and the clear value growth trajectory of properties in the precinct is the ideal trifecta when it comes to where to invest.
One of the things that makes Sibaya so successful is that it is designed to connect the community, and the estates within it, like Gold Coast Estate echo this ethos on a smaller scale. Gold Coast Estate is undeniably one of KZN’s most forward-thinking and luxurious residential estate. With a design that moves beyond mere aesthetics, each facet is designed to create ultimate ease and to connect you to your community.
Within your home, super-fast and seamless fibre keeps you connected to family and friends while also enabling you to conduct business from home with ease. The added benefit of being with Gold Coast Estate is that you’re connected wherever you are in the estate through estate Wi-Fi provided in common areas. Slink by the poolside while you order in for the evening or get home and snuggle up with the family to stream your favourites on Netflix. The variety of facilities within the estate provide ample opportunity for family time or solo adventures whether that be fun in the sun at the clubhouse, a quick session in the gym, a bite at the estate restaurant or a breakaway into the green areas with your furry friend by your side.
From your home within Gold Coast Estate, you are literally steps way from the amazing Sibaya Coastal forest. Get connected to nature as you meander through a safe, managed environment. You can explore the beauty of the forest at canopy height along the elevated boardwalk, or meander slowly down to the beach. Get to know the local birds better as you spy them from one of the many bird hides found throughout the forest. The benefit is that you can access the forest quickly and easily at virtually any time of the day.
Along with several pockets of boutique retail, Sibaya’s grand design includes a retail piazza. This piazza can be reached safely through the precinct and is close enough to be accessed on foot from Gold Coast Estate. The piazza lends a European flavour to SA’s best performing residential node, through its design which encourages interaction and is a place where people can come together in a casual and inclusive setting.
The precinct has its very own dedicated thoroughfare, the Hezela Boulevard. This roadway provides safe passage within Sibaya for pedestrians and cars and is a vital link between the various nodes within the precinct. The M4 highway is only minutes way from most of the estates within Sibaya, lending a high degree of accessibility and providing a connection to the business nodes of Umhlanga Ridge and Ballito. Just beyond the M4 you’ll reach the N2 which provides a direct route to King Shaka International Airport in minutes- perfect for those who regularly commute in and out of KZN for business.
As a thoughtfully designed precinct for the future, every facet of the Sibaya Coastal Precinct is designed to connect you to your community and bring you closer to nature. Similarly, Gold Coast Estate’s world-class family facilities, high-tech security and seamless connectivity are also designed for community connection and ultimate convenient living.
Durban’s international airport experienced a phenomenal festive period with record number moving through its doors.
December 2019 saw the highest volume of passengers in the history of King Shaka International Airport, with 93% of passengers coming from our domestic regions. What’s interesting about this is that the bulk of our regional visitors are local, and this number has seen an increase of 12% since December 2018. Short-term or ‘day’ tourism is a goldmine due to sheer volume alone. 2.1 million people visited Durban’s beaches to celebrate the 2020 new year yielding a potential R2.1 billion injection into our local economy, if each visitor spends only a single rand. As South Africa’s 2nd largest regional economy in terms of GDP, KZN is responsible for R16 out of every R100 generated by our national economy.
With an ever-growing local tourism market many have realised the value of this burgeoning market and have moved to capitalise on these opportunities. Many investors have opted to invest in property in new growth areas like the Sibaya Coastal Precinct in KwaZulu-Natal. Charles Thompson of Devmco Group, one of the pioneering developers in the Sibaya Coastal Precinct shares his thoughts on this, “Investors are seeing the fruits of their labour during the December high season. Those who have purchased units at OceanDune and Pebble Beach, with the express intention of holiday letting, saw 100% occupancy for at least 2 weeks of the period. Investors would be wise to capitalise on the opportunity to earn an income bolstered by the influx of seasonal tourism and business travel that occurs throughout the year. Some other savvy buyers have opted for flexibility of use afforded by letting platforms like Airbnb; they can personally make use of their unit, or even live it when they want and then list the unit for holiday letting during high season and benefit from the additional income stream through this.”