SA’s largest sectional title developer Balwin Properties, which includes billionaire Jonathan Beare as a key shareholder, plans to build five new, man-made lagoon developments across the country saying  the concept has proved popular with prospective buyers and had been driving sales at an existing residential project in Pretoria East.

Balwin said on Tuesday that it had signed an exclusivity agreement with Chilean company Crystal Lagoons to develop private-access, freshwater lagoons in five strategic nodes in Johannesburg and Pretoria in Gauteng; in KwaZulu-Natal; the Western Cape; and in Mbombela (formerly Nelspruit) Mpumalanga, at a cost of between R100m and R200m a lagoon.

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