FAQ'S
THE TEAM
Combined Developers
We are a niche development company offering allround solutions in the industry from land acquisition and negotiation stages right through to installation of services and construction stages. We have successfully completed various plot-and-plan, high rise, retirement, luxury estate and sectional title developments in the Western Cape and Gauteng.
With over 34 years’ of experience of developing premium real estate, we are considered a leader in residential, commercial and mixed-use property developments. Our services include obtaining necessary development rights to execute the development, handling environmental issues, execution of feasibility studies and management of professional teams.
Art Deco Investments
The shareholders and directors of Art Deco Investments have been creating iconic landmarks in the Western Cape by breathing life into blueprints, since 1989.
The group’s experience as a developer or major shareholder, in various SPV’s, boasts the successful completion of 1288 units in 20 different developments. These developments entail mainly residential developments but also include commercial and mixed-use developments.
We love to create, innovate, inspire and spend a tremendous amount of time in our planning process to ensure we have reviewed all possibilities of smart living, clever layouts, green energy-saving techniques, and low maintenance designs.
We strive to build a legacy that will last for a thousand generations.
Christof Albertyn Architects
Christof has been practicing in the Western Cape since 1984. His practice has been responsible for the design of numerous iconic projects in the Western Cape such as Topaz, Wavecrest, Cape Sands, Somerset Links Apartments and Office Park, The Glen Apartments and Hermanus Medical Village. Christof has received a merit award from the institute of S.A Architecture as well as a Dulux Colour Award.
http://christofalbertyn.blogspot.com/
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Robshaw Property Group
Robshaw Property is a young, dynamic real estate agency changing up the industry by providing an unparalleled standard of service to residential and commercial property sellers and purchasers.
We understand that when it comes to buying/selling one of the most valuable assets you’ll ever own, there can be no compromise on the quality of service; nothing short of excellence will do. This focus is rooted in the understanding that selling or buying a property is often the most financially and emotionally-weighted decision many of us will make in our lifetimes. As such, we are entirely committed to treating each listing as if it were our own and helping you sell your property quickly, easily, and honestly, for the highest possible price.
Our service offering is driven by an unwavering commitment to our core values: integrity, reliability, effective communication, professionalism, and hard work. Our team of specialist agents embodies these values and is always willing to go the extra mile for our clients!
Faure & Faure Incorporated
As one of South Africa’s oldest law firms, we have a proud heritage of serving Paarl and the Boland regions as well as clients’ nationally. Today our firm represents a wide spectrum of business and private clients. Faure & Faure is an all-inclusive law firm that has cultivated long-term relationships within our community. We are proud of the partnership that we’ve established not only serving clients with sound legal advice, but also later their children and grandchildren. Our clients benefit from personal service that only a medium-sized firm can offer.
Over the past 140 years our Firm has grown into a strong, diversified legal practice with solid empowerment and social responsibility credentials.
Faure & Faure specialises in building, construction, and property development law, that includes all aspects of conveyancing.
We serve on the panel of 4 of the major banks: Nedbank, FNB, ABSA and Standard Bank.
Rest assured that your investment is in capable hands with our firm.
Ekcon Consulting Engineers
Our Approach
We ensure that each project’s strategic goals are delivered on time, within budget and to a high standard. Our commitment to delivering quality with a personal touch allows our teams to combine their knowledge and experience, bringing innovation to each project.
Methodology
EKCON has a pro-active approach to project execution. The continued involvement of a partner is maintained throughout all phases of a project, from the first briefing to the final handover, providing a most efficient, direct and prompt service. Technical staff is brought into a project from inception and remains on the project throughout the project duration.
Philosophy
The partners do not stereotype a project, but investigate all possible alternatives, innovatively applying theoretical knowledge and expertise in an innovative manner. All design considerations are taken into account from the outset to ensure accurate cost control and estimates. For all projects, large or small, the firm’s policy is to communicate on a personal level and provide an advisory service relating to every project even after completion.
Why purchase property off-plan?
When purchasing a property off-plan, you are obtaining a property at today’s prices, but only paying on completion of construction.
The lead time from the launch of a development to final completions generally takes 18 to 24 months.
A 10% deposit is required when you sign the deed of sale, with no additional payments until transfer.
Cape Town has historically seen an average annual capital growth of around 8%, so your property value is growing at roughly 8% p.a.
When purchasing directly from a developer like Combined Developers and Art Deco Investments, you have the peace of mind that your purchase is defect-free with no hidden maintenance issues.
Various guarantees and warranties, like the structure of the building, appliances, waterproofing, etc. are in place to provide further peace of mind.
Your home will be brand new and ready to move in.
Modern Design and FeaturesWe understand that a low maintenance and cost-effective design substantially enhances the long-term value of your property..
Examples of Energy Efficiency and low maintenance design includes LED Lighting, Solar Panels, Isolation, Heat Pumps, Double Glazed Windows, Energy Efficient Appliances, Aluminium Windows and Doors.
Your property comes equipped with the latest high-tech security systems keeping you protected.
The Atlantic seaboard is known for being a world-renowned tourist destination and being able to short term let your apartment can ensure that you maximize your earning potential from your property.
Please make contact with our Sales Agents in order to connect you with Airbnb specialists that will assist you with each step of the way.
FINANCIAL QUESTIONS
Yes, you can.
Financed deal requirements
A minimum of a 10% deposit is required, with the balance in the form of a bond approval
The deposit is to be paid within 7 days from receiving a signed agreement of sale.
The deposit is paid straight into the transferring attorney trust account with the interest to accrue for your benefit.
The balance (90%) will need to be secured within 21 days through obtaining a bond with a registered financial institution.
Should you require any assistance in respect of bond approval, just chat to our sales agent that will recommend a mortgage bond originator that will assist you with each step of the way.
Cash deals
Should you have the funds to make a cash purchase, you are able to pay a 30% non-refundable deposit straight into the transferring attorney trust account with the interest to accrue for your benefit.
The balance of the purchase price will be requested and payable to the transferring attorneys 60 days before lodgement.
How much is Transfer Duty?
There is no transfer duty payable as the developing entity is registered for VAT and VAT is already included in the purchase price.
To calculate the transfer costs and/or bond registration costs, you can click on the below link, displaying the prescribed transfer costs and/or bond registration costs:
https://www.ooba.co.za/home-loan/transfer-cost-calculator/
Please note that the Developer has negotiated a 50% discount on the prescribed property transfer costs on your behalf.
Levies cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building, building insurance and all general running costs of the building.
Monthly rates are based on the municipal value of the property. We have listed an estimate of the monthly rates & taxes applicable to each unit in the price list..
I AM A FOREIGN BUYER, WHAT DOES THIS MEAN FOR ME?
Zane Meyer from Faure & Faure Inc, an experienced conveyancing firm, offers their expert assistance and guidance in all aspects of your transaction, regarding non-resident ownership of property in South Africa. The below frequently asked questions may help with your understanding of the process.
Funding for property acquisition in South Africa by foreign purchaser can be obtained in the following manner:
- Your foreign funds can be transferred into the country by means of an electronic fund transfer (EFT).
- A combination of South African mortgage bond and electronic funds transfer (EFT). As a foreigner with permanent resident VISA in South Africa and working in South Africa, you can apply for a South African mortgage bond of up to 85% of the sale price. The 15% difference between the Sales Price and mortgage bond will have to be paid by means of an electronic fund transfer.
Complete foreigners can apply for a South African mortgage bond of up to 50% of the sale price. The difference between the sale price and the mortgage bond will have to be obtained by means of an electronic fund transfer.
Foreign sellers are allowed to transfer the full proceeds from the sale of immovable property out of South Africa provided the following conditions are complied with:
- Compliance with the Exchange Control Regulations as administrated by the South African Reserve Bank;
- All amounts still owing under a mortgage bond over the property need to be settled immediately prior to or on transfer; and
If the Seller can demonstrate that the funds used to acquire the property now being sold, originated from a foreign source, the seller shall be able to transfer the proceeds obtained from the selling of the property to a foreign country less the withholding tax applicable thereto.
When purchasing a property in South Africa the non-resident must obtain the following documents for safekeeping:
- Deal Receipt – Confirmation from a South African bank that the funds used to acquire the property were received from a foreign source;
- The final statement of the Conveyancer’s account;
- A copy of the title deed.
To proceed with a property transaction, signatures are required by both the seller and the purchaser on various documents.
As a foreigner, you are not required to physically be present in South Africa to sign these transfer documents, but in such an instance, it is advisable to prepare and sign a General Power of Attorney. This will enable a third party in South Africa to sign the necessary documentation on the foreigner’s behalf.
Signage of documents can take place outside of South Africa provided they are duly authenticated. This means that they need to be signed before a Notary Public in that country or at the offices of a South African embassy.
The conveyancing attorney, appointed in the sale agreement to register the transfer of ownership, will appear before the Registrar of deeds and sign the title deed whereby ownership is passed.
As a non-resident purchaser, it is not necessary to be present in South Africa at the time. Notification of the registration of the transaction will be granted to you by the attorney.
Non-residents are only liable for income tax on an income generated from a South African source, whilst South Africans are taxed on their worldwide income.
For example, if the property is being leased, the rental revenue will be subject to South African income tax. In addition, a non-resident is responsible for payment of capital gains tax on the disposal of a South African property. A non-resident shall be deemed a resident if that individual is physically present in South Africa for a period or periods exceeding
- 91 days in total during the year of assessment under consideration;
- 91 days in total during each of the five years of assessment preceding the year of assessment under consideration; and
- 915 days in total during those five preceding years of assessment. An individual who fails to meet any one of these three requirements will not satisfy the physical presence test.
In addition, any individual who meets the physical presence test, but is outside South Africa for a continuous period of at least 330 full days, will not be regarded as a resident from the day on which that individual ceased to be physically present .
OTHER DEVELOPMENT QUESTIONS
8 Ocean View Drive, Green Point, 8005
View it on Google Maps: 8 Ocean View Drive
01 February 2025
Last quarter of 2026.
The Upwood will be pet friendly and pets shall be allowed subject to Trustee approval.
