Ridge Town Central is the latest off-plan development to hit Umhlanga Ridge Town Centre. With Ridge Town Central seeing such a demand for its modern apartments, we take a look at what separates this ‘new kid on the block’ from other offerings around.
The sectional title stock in Umhlanga Ridge Town Centre has grown from 2508 to 3065 and the area has achieved an above average 12% increase on the price of apartments. This indicates that the area sells apartments at an average R1, 496 million. Ridge Town Central offers 1, 2 and 3-bedroom apartments starting from R1,15 million. This means that it is well below the average apartment sales and will only increase in value being an off-plan development. With the no transfer duty to pay, and the expected capital appreciation from construction to completion, this investment becomes difficult to resist.
Trapezoid Property Developments have entrenched themselves as Umhlanga Ridge Town Centre’s biggest developer to date. Trapezoid Propert Developments started investing into this node 15 years ago and have played a major part in the transformation of this highly sought-after node.
Presenting an estate-style development, Ridge Town Central boasts 1, 2 and 3-bedroom apartments. Umhlanga Ridge Town Centre is known for having apartment blocks around every corner, but Ridge Town Central offers a unique, modern estate-feel with a drive-through gatehouse and 24-hour security.
Merging luxury and modern conveniences, we are already seeing Ridge Town Central as an off-plan development investment that many will not pass up.