New Mooikloof Mega City on cards east of Pretoria
Property developer Balwin has announced plans to build the Mooikloof Mega City development east of of the city.
The development will initially have 16 000 apartments at a present value of about R9.6 billion in phases over the next few years in what the company described as one of the world’s largest sectional title projects.
This may be extended to up to 50 000 apartments, with a total development value of about R44bn in today’s terms, the group said. Apartment prices will range from R499 000 to R799 000.
Balwin said that the project would provide a much-needed economic injection in the post-Covid-19 environment, creating roughly 115 000 direct and indirect job opportunities throughout its life cycle.
Mooikloof Mega City is located off Garsfontein Drive and an estimated 6km from the junction with De Ville Bois Mareuil Drive, where Woodlands Boulevard Mall is located, and 8km from Solomon Mahlangu Drive, which gives access to the N4 and other main arterial routes.
The surrounding townships include Woodhill Golf Estate, Mooikloof Equestrian Estate, Mooikloof Heights, Mooikloof Ridge, The Hills Golf Estate, Grootfontein Country Estate and Mooikloof Glen.
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