Page 16 - Kyalami_Issue2_2022

PROPERTY NEWS

Kyalami Estates Corporate Brand Bible Design 23
PROPERTY TALK

3.0 Invoice Template
WITH ROB HUDSON

OF RE/MAX ONE

IN THIS EDITION: A good start in 2022 for Kyalami Estates

property sales values, and a reflection on safeguarding potential
infrastructure risks of the future

ooking at the latest Lightstone Report for Kyalami surface with the water supply, storm water drainage,
INVOICE
Estates, there is some good news regarding sewage and electricity. I am by no means wanting to be a
property values. The graph included here shows profit of doom, as we are very far from a panic situation,
Lthe 10-year median price trend for Kyalami Estates, but the better we prepare for likely risks in the future, the
which I reviewed in the last edition of the estate magazine. less the shock if and when they incur.
Unfortunately the trend over the last three years has not
Entity: Kyalami Estates
Entity VAT No: 2018/031605/07
been positive, but it looks like the tide has turned, with the To contextualise this matter, through being the principal
Entity Reg No:
median sales price for the 20 homes sold in the estate developer and HOA director of a residential golf estate for
Invoice Date: xx May 2019
over the first quarter of 2022 being R4,265m. This shows the past 10 years, and before that twice being on the HOA/
an 11% increase on the average selling price of 2021, Body Corporate of another residential estate, I have been
which is a fantastic way to start the year, and here’s to compelled to take a serious, as well as keen, interest in
hopefully a new trend of increasing property values! how best to prepare for future uncertainties.
Bill to:
Analysing the trends over the past quarter, we can see Beyond security, the key challenge facing the SA estates sector
is ‘self-sustainability’ and protection from utility/services
that there has been an increase in sellers that are driven Tax Invoice No: xxxxx xxxxx
Attention:xxxxx xxxxx
by emigration and semigration. On the buyers’ side, it Recipient VAT No: xxxxx xxxxx
non-delivery, as well as maintenance of existing infrastructure
Xxxxx xxxxxxxxxxxx
has been very encouraging to see the strong growth of a PO Number: xxxxx xxxxx
(water, electricity, sewage, road access). To put this into
Xxxxx xxxxxxxxxxxx
younger generation segment identifying with the core value perspective, the World Economic Forum (WEF) published
propositions of Kyalami Estates. Typically, these are couples its global risk report early this year and one of the top 5 risk
planning to start a family, or those with young children. In factors facing South Africa is ‘failure of public infrastructure’.
terms of prices being paid by this demand segment, the hot The harsh reality is that this macro risk impacts us directly, as
zone is definitely in the R3.5m to R4.5m range. homeowners and residents, at a micro level.
Account:
Your Reference:
Tax Reference:
Kyalami Estates Kyalami Estates Kyalami Estates
In terms of water, electricity, sewage and road access, we
have to consider both supply and maintenance. There are
many estates that are implementing innovative strategies
and capital projects to reduce reliance on public service
provider supplies. These strategies include the installation
Tax Reference:
Description: Unit Price of solar plants, grey water reticulation and the likes, which
Xxxxx xxxxxxxxx R000 0000 I will reflect on in more detail in a subsequent edition of
R000 0000
Xxxxx xxxxxxx R000 00000 the estate magazine. But for now, and in the context of
R000 0000
Kyalami Estates, I would like to focus on the matter of
maintenance.
Sub Total: R000 000.00 It’s been over 30 years since the installation of much of
Total: R000 000.00 need substantial upgrades in the not-too-distant future. For
our infrastructure. It has performed well, yet will most likely
VAT 15%: R000 000.00
As I write this article our annual estate AGM is just over
a week away, and it’s been good to see debates on our
those of us who have lived in the estate for some years, we
would have seen the extent of potholes, failing water lines
conversational platforms over proposed budgetary items,
prioritisation thereof etc. These conversation points have
Account Name: Kyalami Estates
times. We have probably also noticed that, in past times
prompted the topic discussed in the remainder of this and blocked storm water drains increase in more recent
Bank: Investec
article. Beyond security, it is something that could have the when something took days for the Municipality to fix, it can
Account: xxxxxxxxxxxxxxx
biggest impact on our future property values in Kyalami now take weeks or even months.
Account Type: Current
Estates, as well as potentially our levies. The matter is our
aging internal infrastructure. Branch Code: xxxxxx Taking a step back and considering industry standards
at the majority of estates and complexes in SA, one can
Estate Office & Administration
The deterioration of our roads is most obvious as we see that the developer installs the internal infrastructure
Tel: (011) 468 3001/2 | Fax: (011) 468 1246
can see it happening, but the same principle of aging (roads, water, electricity, sewage) to an engineered
Email: info@kyalamiestates.co.za
infrastructure is also most likely happening below the specification and the onus is then on the HOA/Body
PO Box 50, Kyalami Estates 1684
14 Kyalami Estates • CONNECT • Issue 2 • 2022