As of mid-April popular gated estate, Simbithi Eco Estate, reached the ceiling of its developer land.
Seef Ballito’s Tim Johnson told the Courier that although developer land has been sold out, it does not mean there is no longer an opportunity to live in Simbithi.
“It has taken around 10 years for Simbithi to sell out to developers. There will still be homes available as some developers own land and will have homes available for resale.”
Seef Simbithi area specialist Darrell Abel confirmed there is no developer stock available – only around 2000 re-sale homes.
“Extensive building is in progress and limited land options are available, which will lead to a greater demand on completed homes. At present there are 104 homes under construction and approximately 1250 complete. There has been some discussion with regard to extending the estate but apparently there will be no extension at this point. There is much on the horizon for Simbithi, with the average home size getting larger as time goes on. Prices will continue to rise until there is a discrepancy in the cost of building versus completed homes, which is an indicator of a stable market,” said Abel.
However Simbithi managing director Mike Simpson said not all property sales have been finalised.
“There are still about 80 properties which have not been transferred. Some of these are subject to bonds, or subject to the purchaser selling an existing property. Thus it is likely that some of these properties will become available again. We do still have land for sale, though it is not much.”
He said it would be more accurate to say there are developers with sectional title schemes where there will be homes available.
“The resale market is also extremely strong, with a number of buyers who have put their land or completed houses on the market.”
Remax Ballito’s Daisy Govender, who sells for Simbithi, said the estate’s draw card is its family-oriented lifestyle.
Govender was also one of the estate’s first residents and has seen it grow over the past decade.
“There are always well co-ordinated events during the weekends and school holidays, so residents can interact with each other. It is a pleasure to live in Simbithi because the environment is well controlled. Being a resident and also an agent I highly recommend it.”
Marlene Dayle from Harcourt’s Ballito said Simbithi is in demand from families who are looking for security.
“When husbands are away from home, wives and children are safe and this is at the top of most lists. There are dams where children can fish, a fantastic golf course for enthusiasts and even putt-putt for the younger children. We get regular requests for rentals in the estate because it is one of the safest in the area.”
Pam Golding Ballito Simbithi agents Bea van der Merwe and Belinda Souchon said the security and lifestyle enjoyed by families in the estate contribute to the Simbithi success story.
“The estate also offers a total outdoor experience which includes 25 dams, mountain biking, hiking, tennis and an adventure playground. Community centres dotted around the grounds enhance the estate’s sense of community. The fact that the estate is pet friendly and the build-by-date has been lifted have also contributed to its popularity.”
