Riverside Megacity

Department of Human Settlements 23/05/2019 - 12:50


​To date, 1 228 multi-storey BNG/RDP units were completed in April 2017 as well as 457 multi-storey social/rental units completed and already occupied by the right beneficiaries. There are currently 1 384 multi storey BNG/RDP units and 389 single residential FLISP units under construction.

 A total of 1 773 housing units are under construction and 344 are ready to be handed over immediately. The development is supported by four schools, developed parks and public open spaces, a shopping centre, two filling stations, a multi-purpose centre, 2 Primary Schools, 2 Secondary Schools, Crèches, Clinic, Community Centre, Pedestrian walk ways.

 The project is empowering the local communities through local employment and SMME initiatives. 12 409 jobs have been created to date.

 The development will offer an estimated development yield of 10 105

 

 


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