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July, 2012

News - Whale Rock – Plettenberg’s most sought-after place to live – Houses and plots for sale, call 082 536 5086

Whale Rock opportunities

Posted on July 26, 2012

Whale Rock is without doubt Plettenberg’s most sought-after place to live. The last 3 years, in the midst of the worldwide economical crisis, more than R 59 million was sold.

Last week, Whale Rock launched a unique offering of 69 of its exclusive plots with attractive pricing.

Prices start from R 350.000 onwards.

Now is exactly the time to buy.

Know more about our projects on Plettenberg at Whale Rock website or call 082 536 5086.

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Housing passes a Milestone

Posted on July 19, 2012

We are nearly six years after the housing bubble burst and we finally see rising Home Prices.  In the United States we see the first monthly increase in the S&P Case-Chiller house price data and nearly 10% more existing homes were sold in May than in the same month a year earlier.
Also in South Africa, house prices continue a steady climb.  Year-year house price growth rose from 7,7% in the first quarter of 2012 to 8,16% in the second quarter.

This increase is driven mainly driven by increased affordability; a key element in Capeco’s offering: top products on top locations at affordable prices.

Moreover, we expect Reserve Bank governor Gill Marfcus to further drop the repo rate.  The current level of 5,5% which has been unchanged since November 2010 is already the lowest in 30 years and we foresee this rate to further drop; making houses even more affordable.  As we wrote before, we believe now is the time to buy.

Both in the US and South Africa many houses are purchased by investors who plan to rent them for now and sell them later, an important sign of an inflection point.  In the United States, the inventory of existing homes for sale has fallen close to the normal level of six month’s worth despite all trhe foreclosed homes that lenders own.  The fractions of homes that are vacant is at its lowest level since 2006.

Expect South Africa to follow suit.

Pinelands - Houses, Plots and Plans on a wide range of choices in Port Elizabeth

Launching Pinelands

Posted on July 16, 2012

Capeco is excited to bring you the new gem of Port Elizabeth during November 2012!

Pinelands will offer a wide range of choices to discerning home owners with quality workmanship guaranteed.
Choose between two-bedroom apartment units for the smaller family or 3-bedroom houses for the more advanced families.

We incorporated a modern look into our buildings with stunning lines and facades that will become a prominent feature in developments in the surrounding areas.

With security a big concern in Port Elizabeth, we are pleased to announce that Pine Creek will be walled with 24 hour security for your piece of mind. Pinelands will be easily accessible from all the main routes in and around Port Elizabeth with the development situated in close proximity of The Gardens Shopping Centre. This includes a Woolworths, Pick’n Pay and various Fast Food and Coffee shops.

For the healthy conscious there is a fully equipped Virgin Gym with a heated indoor swimming pool.

For the little ones, there is a crèche next to the development with sought after schools within 1km from the development.

Even more: Pine Creek will be the first development in Port Elizabeth which will be handicap friendly.

Be one of the first to invest in the new landmark for developments in the Port Elizabeth area and visit our webpage For Sale in Port Elizabeth to get more information about our 3 new developments: Pinelands, Pinecreek and Pine Row.

Construction of 117 apartments as part of our Pinelands project to start in September 2012 in Port Elizabeth,

Now is exactly the right time to buy home property in Port Elizabeth

Posted on July 13, 2012

Property 24 reports on the extreme affordability of Port Elizabeth Home Market prices and the slow but discemible upswing from most Cape Town agents, which typically advances six to nine months to the Port Elizabeth home market.

Prices have dropped 10-35% from their 2007 highs and at current levels property in Port Elizabeth is now at an exceptionally good value at levels that will definitely never be seen again.
“With a further 0,5% to 1% interest rate cuts almost certain to take place before the end of this year, many buyers in the property market who have remained hesitant should be thinking again. Now is exactly the right time to buy if you want an investment, that five years from now, will look extremely good indeed.”

Read more on property24.

Chinese and Koreans investing hundreds of millions in Port Elizabeth

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Earlier in June, Chinese vehicle manufacturer First Automobile Works confirmed a R600 million truck and assembly plant to be constructed at the Coega IDZ.

This week a delegation from Korean Microwave Limited (KMW) visited the Nelson Mandela Business Chamber and the Coega Development Corporation. KMW has a turnover of R1.48 billion and is looking to set up business solution in network communications, construction and the energy sectors.

Port Elizabeth is surely becoming an investment hotspot.