Whatshot

2026
All
September
2025
All
November
All
2024
All
June
All
April
All
2023
All
March
All
2022
All
2021
All
2020
All
March
All
February
All
2019
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
2018
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
2017
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2016
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2015
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
DHS
April
All
March
All
February
All
January
All
2014
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
KZN
May
All
April
All
March
All
February
All
January
All
2013
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2012
All
December
All
November
All
October
All
September
All
August
All
July
All

New Bench Mark Set By Fully Sold Out Ocean Dune

New Bench Mark Set By Fully Sold Out Ocean Dune

Date: 2016-04-01
Sibaya Residential As Sales Top The R900 Million Mark.

A new bench mark has been set for property sales north of Umhlanga. OceanDune-Sibaya has officially "sold out" in record time since launching to the public a mere four months ago.

Residential sales to date total over R900 million and with the further R100 million Retail segment in the pipeline, the estimated investment will be in the region of R1 bn.

The Retail element will comprise a large food wholesaler, bottle store and upmarket restaurant.

"We aim to break ground as planned around July 2016, says Charles Thompson of OceanDune Developments.

"We are extremely excited about OceanDune Sibaya as it offers investors a unique opportunity to benefit from the projected capital appreciation that comes from investing in Sibaya's first off-plan development. It is ideal for savvy buyers who are looking to balance capital growth with investment yield. They not only benefit from an off-plan purchase, they also have the flexibility to rent it out at a rate that will exceed the interest gained on stagnant money sitting in the bank" he said.

Privacy and sea frontage are two key elements in this development. The tiered apartment blocks, situated at the southernmost tip of the node, feature unobstructed ocean and coastline views, safeguarded in perpetuity by the surrounding indigenous Hawaan Forest Reserve.

Investors had a selection of 260 one to four-bedroom apartments and penthouses to choose from.

"Prices ranged from R995 000 up to R17.5 million and sales to date have exceeded all expectations. First to sell were the end units priced between R7 million and R14 million.

Of the four Penthouses, three were sold to local Durban buyers for between R9.5 million and R17.5 million - the largest being 630m2" said Thompson

OceanDune Sibaya, situated between uMdloti and uMhlanga, is underwritten by Tongaat Hulett Developments and consists of luxury seafront apartment blocks located within the new Sibaya Precinct.

Tongaat Hulett Marketing Director, Trenley Tilbrook, said the style and feel of the development is completely in sync with their vision for the Sibaya Precinct.

"This development will follow environmentally-conscious development principles by integrating urban development with our natural environment", he said.