Balwin Properties launches R10 billion Development in Waterfall Smart City
Hollywood type lifestyle comes to Gauteng called Munyaka
- Largest Crystal Lagoon in Southern hemisphere at approximately 3 HA
- State-of-the-art lifestyle centre
- Amenties include gym, on-site concierge, restaurants, meeting rooms, swimming pool, laundromats, cinema, wellness spa and non-motorised water activities – canoeing and paddle boarding
- Approximately 4 200 jobs to be created over development lifespan
- First phase comprises over 1 000 apartments completed and occupancy
- 5 020 total architecturally designed apartments completed by 2028
- Balwin’s Classic Collection of high-quality apartments
- One, two and three-bedroom apartments starting from R 989 900
- No short-term letting allowed
- Road infrastructure significantly upgraded with completion of Mia Road by Balwin at a cost of over R100 million
- Future nodal expansion includes:
- The proposed Waterfall Gautrain station within walking distance from Munyaka
- Extension of the K60 from Van Der Bijl Avenue to Allandale Road
- The establishment of a world class sporting facility
- Little Hill Montessori pre-primary schools
- A convenience retail centre of approximately 20 000m2
- A Radisson Red hotel
Munyaka, is the crown jewel in our development portfolio. Notwithstanding the challenges we currently face as a country, I firmly believe in South Africa’s future and this R10 billion investment is a huge vote of confidence in our resilience as a nation.
“We have worked very closely with our architects to bring something exceptional to South African sectional title buyers and believe that it will not only set a new standard for lifestyle estate living in Waterfall, but indeed in the country.”
“More than 4 200 job opportunities will be created across the lifespan of the development, which is expected to be completed in 2033.”
In addition to the crystal-clear lagoon, Munyaka will offer residents amenities such as gym facilities, on-site concierge, restaurants, meeting rooms, a swimming pool, laundromats, cinema, wellness spa and water activities such as paddle boarding and canoeing.
To ensure a community-based lifestyle and world-class security, the Group has implemented a strict no short-term letting policy at Munyaka.
The first phase comprising just over 1 000 apartments has already been completed and occupation taken. On completion in 2023, the development will boast 5 020 architecturally designed fibre ready apartments, featuring a Scandinavian style kitchen, free eco-friendly appliances, a balcony or patio for outdoor entertaining plus pre-paid water and electricity meters.
The bulk of the apartments in the development that are not located around the lagoon will retail from R989 900 for a one-bedroom, one-bathroom apartment to R2 369 900 for a three-bedroom, two-bathroom garden apartment.
The development of Munyaka resulted in several infrastructure upgrades in the node, including the improvement of Mia Road by Balwin at a cost of over R100 million.
Additional infrastructure upgrades are planned for the longer-term including the establishment of a Gautrain station within walking distance from Munyaka, the extension of the K60 from Van Der Bijl Avenue to Allandale Road, as well as the establishment of a world-class sporting facility and retail convenience centre of approximately 20 000m2.
Immediate complementary amenities that will be added to the development include a Radisson Red hotel and a Little Hill Montessori pre-primary school.
