Golf estates out of the rough
While a number of golf estates launched at the height of the previous housing boom are still under water, some have been successfully revived through smart management
Few, if any, new golf estates or courses are likely to ever be built from scratch in SA again. But a number of existing developments, many of which hit the wall after the 2009/2010 housing crash, are getting a new lease of life. Uber-exclusive golf and equestrian estate Blair Atholl, a stone’s throw from Lanseria International Airport on Johannesburg’s western outskirts, is a case in point. The 400ha estate was launched in 2007 by developer Robbie Wray, who bought the land from golfing legend Gary Player. Like many of his fellow golf-estate developers, Wray ran into financial trouble a few years later when sales dried up on the back of the global financial crisis and subsequent recession. A protracted legal dispute between Wray and the Blair Atholl Home Owners Association (HOA) followed, which effectively left the estate in limbo for a number of years. The outcome of the litigation in late 2017 meant the HOA took full ownership of Blair Atholl’s common property, which includes the 1...
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