Africa-Press – South-Africa. The site for the first affordable housing development in Cape Town has been unveiled.
It comes a day after Infrastructure MEC Tertuis Simmers announced the more than R900 million mixed-use, inner-city, housing project in his department’s budget speech.
Simmers says 840 houses will be built at the Leeuloop Precinct Development, situated in the heart of the city.
He says the housing project is the first of three that will go to market this year.
“Together, these well-located developments will deliver 3,500 housing opportunities. Through leveraging cross-subsidisation of costs, the Leeuloop development will deliver affordable housing with modern social amenities in a high-rise development through the sale of the open-market units. The tender to procure a developer will be advertised before the end of this month.”
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