Expert lauds Modderfontein New City development
Mr Ingle said the development's proximity to the Linbro Park residential area and the agricultural plots on the western side, measuring between one and two hectares each on average, could be a great advantage.
An expert in the property industry says the multi-billion Rand development, called the Modderfontein New City, will be an “ultra first world city.”
This is according to the managing director of Seef properties in Edenvale, Bedfordview and Modderfontein, Mr David Ingle.
Mr Ingle said the development’s proximity to the Linbro Park residential area and the agricultural plots on the western side, measuring between one and two hectares each on average, could be a great advantage.
“This precinct is set to house upwards of 10 000 new homes on top of those planned for Modderfontein. There is already much interest in the area with land prices doubling in the last three years alone. Property prices in the area indicate a 300 percent increase in value over the last eight years.The northern boundary of the new Modderfontein precinct is adjacent to Century City’s development in the North along their southern boundary – this forms a modern city spine in the heart of Gauteng’s economic corridor,” said Mr Ingle.
He also said the tracks which run through Modderfontein will connect the New City to a variety of other areas.
“From the proposed Gautrain station, you will be able to reach Centurion or any other station on the line within a maximum of 12 minutes. Not only will this make travelling easier, less time consuming and affordable by eliminating e-tolls and fuel bills, it will doubtlessly also improve productivity in the workplace. All things considered, the Modderfontein New City development will be a game changer for the future prosperity of Gauteng. Although the north east of Johannesburg has been previously considered as under-developed, as fresh sense of activity is emerging with the ongoing success of Linbro Park and the future developers of Modderfontein New City,” said Mr Ingle.
The developers, Shenghai Zendai, envisage an integrated, smart and loveable city. The development of 1 600 hectares of land will feature a mixed use of land, including educational and health facilities, transport and apartments for rent and for sale. All of this will be in close proximity.
Shangai Zendai is listed on the Hong Kong Stock Exchange and has developed numerous homes, hotels and offices in 12 Chinese cities.
