More than R1.3 billion in sales at Sitari Country Estate
Multi-award winning Sitari Country Estate just outside Somerset West has become one of the leading estates in the country, now ranked among the top 2 fastest selling large-scale estates in the Western Cape. Claudius Combrinck, Executive Director of Uvest Property Sales, brings us up to speed with latest progress at Sitari.
Featured: The Residences upmarket family homes are for sale at Sitari Country Estate from only R2.995m.
“Since its inception in August 2014 until the end of April 2019, that is a period of 56 months (or 4 years and 8 months), sales at Sitari Country Estate have totalled R1 306 595 221.33. Sitari continues to grow and develop briskly, and has added more than just a pretty face to the landscape of the Helderberg Basin.”
“There are now around 1200 people living in Sitari, in 185 homes and 356 sectional title apartments that have been completed to date. Seventy-two sets of plans have been submitted to our Architectural Review Committee since the beginning of 2019. There are between 800 and 1000 individuals working on Sitari Country Estate every day, and 15 accredited building contractors in action across the site.”
“2018 was another momentous year for Sitari, with our on-site real estate agency Uvest Property Sales Pty Ltd selling 161 properties to a value of R301 million. This was our second-best year in terms of sales by rand value, since inception. Sales at the estate averaged just under 14 properties per month from 1 Jan to 31 December 2018, which includes plots, homes and apartments. This year has been no different, despite being an election year, and we recorded R26 785 000 in sales during the month of April 2019.”
“Our product offerings are market aligned, with homes priced from under R3m and apartments typically ranging from R1.5m to R 2.5m. The estate is steadily gaining maturity, and the shopping centre with close to 40 retail tenants is under construction and set to open by year end. In addition, our exclusive retirement village, Evergreen Sitari, is in its final design stages and will also be released to market during this year.”
“Considering all the momentum that is being created, we believe that towards the end of 2019 and entering 2020 Sitari will become even more desirable, with more homes and apartments being completed and more residents moving in.”