Real Estate Articles
Policy on 'gated' developments nears completion
The City of Cape Town’s policy on gated developments is likely to be adopted by the end of this year, after extensive public consultation and debate. A “gated” development refers to a physical area or development that is walled or fenced off from its surroundings and where general public access is monitored, controlled, restricted or prevented in any way – often by means of gates or booms.
City's progress on property valuations
The City of Cape Town has made significant progress in processing the 35 000 objections to the 2006 General Valuation Roll. 9 500 objections have been resolved. Letters advising objectors of the outcome will be posted in a fortnight.
City launches Property Developers Forum
The City of Cape Town has initiated a new Property Developers' Forum to deal with issues that hamper development in Cape Town and ensure that systems are streamlined and effectively integrated.
City examines stumbling blocks in Property Development
The shortage of skilled personnel and the urgent need to streamline building approval and land use processes were some of the pressing issues discussed today at a forum of property developers held in the Civic Centre in Cape Town.
Housing development welcomed
ALTHOUGH 32 townhouses are currently under construction in Hazendal and is set to be completed by the end of the year, the Bridgetown Civic Association say they know nothing about it.
Home owners cling to hope
Thousands of ratepayers continue to live in hope that the City of Cape Town will give them a sympathetic ear when it considers their objections to their new property valuations.
City provides temporary respite for property owners on new rates tariffs
The City is aware that, in certain circumstances, the recent re-valuation of properties has resulted in property owners receiving rates accounts that are higher than those previously received.
City urges ratepayers to look at total account
Due to the implementation of the Municipal Property Rates Act 6 of 2004, Council could no longer recover some of the Refuse Removal and Sanitation costs based on the municipal valuation of the properties. Some of those costs had to be allocated to the rates expenditure for 2007/8 and that caused the new rates accounts to have increased higher than expected. On the other hand, the Refuse Removal charges reduced and this also reduced the amount of VAT raised on the municipal account.
Did you know?
The Athlone "A" Power Station was officially opened on 15 August 1962.
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