Luxury property group Amdec to develop affordable housing in Cape Town
The developer of Johannesburg’s Melrose Arch says it will develop affordable housing in the southern suburb of Ottery to give back to the city
24 July 2020 - 18:53
Amdec, the developer of high-end properties, has announced an affordable housing scheme in Cape Town. The group will develop Golden Grove Estate in Ottery at a cost of R500m.
“SA is suffering a severe backlog in the provision of affordable housing, especially for lower income-earners. In the Western Cape alone, the housing backlog currently exceeds half a million, with more than 300,000 of these in the city of Cape Town,” Amdec CEO James Wilson said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.