THE fifth and final phase of The Pearls of Umhlanga, Pearl Sky, has attracted a large number of buyers from outside the province as well as from the international market. Based on its location and design, it is considered a blue-chip investment opportunity. That’s according to Sudhir Pragjee, director of The Pearls of Umhlanga Development.

“The reputation of The Pearls is such that buyers clearly understand the value of investing in one of the country’s most successful developments. Not only can it provide an income if rented out when not in use, it can be used as a primary residence after retirement or it can be sold and the capital growth enjoyed or reinvested. Additionally, one of the key selling points is that it offers direct beachfront access.”

“The first four phases (Pearl Reef, Pearl Tides, Pearl Breeze and Pearl Dawn) of the development are 100 per cent sold, and The Pearls precinct as a whole has escalated in value by some 100 per cent since its launch in 2004. Pearl Sky, which is already 90 per cent sold, will undoubtedly enjoy the same success.”

Earlier this month, the developers of The Pearls announced that, due to market demands, they would be releasing new opportunities within Pearl Sky – 18 sea-facing studio apartments from the 26th floor upwards.

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