Residential 2018-02-28T18:32:48+00:00

Residential

‘RBPlat employees can now purchase their home in a modern residential development, in close proximity to work and easy access to the city and amenities.’

House options

3 bedroom house - 80m²

3 bedroom house - 140m²

4 bedroom house - 220m²

Design your layout - 360m²

Key features

Phase 1 – completed

  • Phase 1 of the project had an initial investment cost of R250 million.
  • 422 houses of 80m² in size, have been built, with families are already living in their newly purchased homes.
  • Internal roads and street lighting have been completed.
  • The perimeter wall and gatehouse facilities have been built and is operational.
  • All stands in Phase 1 are fully serviced.
  • Gardens in common areas are landscaped and maintained to ensure that the Estate is aesthetically pleasing.

Phase 2

  • Phase 2 of the project has an investment cost of R2.8 billion.
  • Currently two show houses have been built on the site and plans are in place to sell houses off plan.
  • 3 100 houses will be built – with a combination of the four different house categories, built in demarcated areas of the Estate.
  • The Estate will have two main entrances and several smaller internal access gates for residents and visitors.
  • The developer has plans to include future commercial amenities in line with the development vision.
  • Phase 2 house categories will include:

    80m² – 1 854 units
    140m² – 633 units
    220m² – 91 units
    360m² – 12 units

Buying a Home

Cost of Homes

Varying sizes and prices to suit the diverse needs of employees, with flexible payment structures to ensure affordability.

  • Loan repayments will be at a lower than expected level to match employee affordability.
  • The RBPlat Home Owner’s Allowance and Living Out Allowance will be applied to home loan repayments.
  • Increases will be effective on 01 of July each year, in line with annual wage increases.
  • Monthly statements will reflect payments that are dependent on the size of the home purchased.
  • Prepaid electricity, water, rates and taxes, transport and maintenance inside the house, will be for the homeowners own account.

Terms & Conditions of Loan

  • Prospective homeowners must be permanent employees of the RBPlat Group.
  • RBPlat remains the registered owner of the property until 50% of the repayment obligations are met. At this time the homeowner can elect to take transfer of the property and RBRP will register a bond over the property. If not the transfer will happen, when the full amount due has been paid (term-/+18years).
  • No home owner is allowed to sell or rent the property without a written consent from RBRP.
  • The homeowners rights are endorsed over the property and RBRP cannot further trade with the property, except when a breach of contract has occurred.
  • If the employee wants to sell the property (once the property has been transferred) the company has the first option to buy back the property from the employee.