Commercial Property

South Africa’s National Budget offers benefits for homeowners and first-time buyers, say property experts

South Africa's National Budget has been welcomed by property experts, who say it will offer a range of benefits for homeowners and those looking to enter the market. From a residential property perspective, the announcement that the brackets of the transfer duty table will be increased by 10 percent, allowing properties below R1.1 million to avoid any transfer duty payments, is welcome news for aspirant...

A brand new R1.3bn luxury mall for Umhlanga

The luxurious and much anticipated Oceans Mall, part of the R4.3 billion mixed-use Oceans Umhlanga Development, opened opens its doors to shoppers on Tuesday 15 November 2022. The project has created 6,000 jobs during construction and 2,500 permanent jobs and is classified as a catalytic development by the City of Durban.  The double award-winning, internationally acclaimed development has been...

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