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Work progressing well on Cape Town’s housing project

Tuesday, 14 Sep 2021
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The Cape Town housing project has commenced as part of the region’s human settlements development effort.

BlueBuck Projects is transforming the Maitland Metro Area into a thriving mixed-income, mixed-use community, focusing on affordable and integrated housing. This rehabilitation project intends to build at least 1,200 residential units in the node’s core position.

The Cape Town housing project will see the construction of at least 5,000 sq mtr of call centre space.

The construction work began in November 2020, and the Phase-I of rental apartments is on pace. The hotel is located around seven km from the city’s major business centre and other commercial districts. There are also several modes of public transit available.

The project is estimated to cost at least ZAR 1.2 billion, with ZAR 178 million already spent.

The development includes nine new mixed-use projects. The project estimates at least 1,200 new residential units. These will combine the open rental market, FLISP purchasers, and social housing renters aimed at low- and middle-income families.

Maitland Metro aims to be a model redevelopment project that may be replicated in other metropolitan regions. As a result, it will connect low and middle-income residents to work possibilities in Cape Town.

 
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