AECI land sold to Chinese developer
A total of 1 600ha of land, including a majority portion of Modderfontein, was sold to Shanghai Zendai at a cost of R1 061 000 000.
A Chinese property development company, Shanghai Zendai stated this morning at a press conference that it is in the process of building the “next biggest business hub of the country”.
It was announced today that large portions of surplus AECI owned land in Modderfontein were sold in a bulk sale to Shanghai Zendai.
This is one of the largest bulk urban property transactions ever to be undertaken in the country.
A total of 1 600ha of land was sold to Shanghai Zendai at a cost of R1 061 000 000.
“Sandton is not enough for the future, so this is a new future for Africa. That is the priority function,” said Mr Dai Zhikang.
South African brothers and Sisters, Mothers and Fathers, we need to start thinking and act for a better future. Ours and our families’s.
1600Ha of Land is too big. Look what is happening now in our Country. ( Colonization ). Our land is sold to foreigners because we as South Africans are very much greedy with our money. When our Govt tries where and when possible we protest, why not Come up with Solutions ?
When we call for Initiatives You become ignorant and stubborn.
Guys we need to Be a Solution to our Country’s challenges.
Every Initiative or everything seems Impossible until it is Done.
We need to change our Thinking, and then, only then, we will achieve and Deliver More in Services and Production.
Wise up and Rise.
Mr Moja @ The Mojais Housing Solution.