28 Aug 2012

Property & Real Estate

 



Bizcommunity launches new newsletters

We've launched five new newsletters, to bring you the latest news in your sector of interest - or even sectors of interest. The five new letters are CSI, Sport, Mining, Military & Security, and Building & Construction.

For example, in CSI, there's still time to enter the rhino conservation mountain bike race and help raise awareness and boost the protection of one of our most iconic animals.

And on the military front, the SA Army is battling to cope fulfilling its various commitments... obsolete equipment hampers operations when our troops on peace-keeping operations go up against heavily armed rebel armies.

When does negotiation cease being negotiation and become war and anarchy? Paddy Hartdegen reckons what happened at Lonmin shows what happens when the boundaries are crossed.

He was the first man on the moon, but now Neil Armstrong, US astronaut has died at the age of 82.

Closer to the earth, but still in the air, 1Time has got a business rescue. That's good news, the more competition there is, anywhere in commerce and industry, the better it is for us, the consumer.

Finally, Jimmy Manyi is no longer the government and cabinet spokesperson. His contract has not been renewed. Not everyone might agree wholeheartedly with the official line on how Manyi performed in his role, however.

Rod Baker, content director

Submit your company news to propertynews@bizcommunity.com. Exclusive contributions may be sent to contributors-property@bizcommunity.com.

Top stories


Editorial news

Property & Real Estate


Brikor issues cautionary on sale of property
Listed supplier and manufacturer of building materials‚ Brikor Limited‚ said in a cautionary announcement that it intended selling some of its Bronkhorstspruit properties for R10 million to Marius van Wyk‚ as part of a restructuring process. Read more >>

Commercial


Four new developments for eLan Marketing and Sales
eLan Marketing and Sales have recently announced that four new property and lifestyle developments have been added to its existing portfolio. Read more >>

Four factors in successful retail developments
[Heidi Franck] There four factors property investors need to take into account before launching new retail developments, if they wish to ensure their investments do not join the list of those that prove unsuccessful. Despite the number of shopping centres opening up in residential areas there are still a number of unsuccessful retail initiatives that are battling to remain afloat. Read more >>

State-owned housing company no solution
On its own, a state-owned construction company won't solve government's housing dilemma. Human settlements minister Tokyo Sexwale's proposal to create such a company is based on what the department has had to spend on fixing houses that were badly built. Sexwale says this has swallowed R50-billion. Read more >>

Building plans passed up 8.3%: Stats SA
[Helmo Preuss] The real value of building plans passed as reported by larger municipalities rose by 8.3% quarter on quarter (q/q) seasonally adjusted and annualised (saa) in the second quarter‚ according to Statistics SA (Stats SA) data released on Thursday. Read more >>

Factors that make or break retail property developments
[Heidi Franck] The number of shopping centres opening up in residential areas is constantly on the increase and equally so the number of unsuccessful retail initiatives that are battling to remain afloat. There are several key considerations that property investors need to take into account before launching new retail developments if they wish to ensure that their investments do not join the list of those that prove unsuccessful. Read more >>

Residential


Cape Town residential properties offer good value
Cape Town property prices at present still offer exceptionally good value and this appears to have been given credence by a report by Global Property Guide, which compares the price per square metre - and other comparative figures - of homes in the world's 60 most expensive cities. Read more >>

Bad credit records the main reason for bond application rejections
Bad credit records account for 32% of bond applications being rejected by banks. What is more, the banks are fairly consistent in their assessments - in more than 90% of the cases, at least three of the banks took the same stance on the rejected applications, always giving unfavourable credit records as the reason for rejection. Read more >>

Requirements of a new franchisee: Honesty is number one
[Chic Berkhout] This year, the Rawson Property Group expects to establish a further 38 new residential marketing franchises, in what it refers to as its northern region, i.e. all of South Africa except the Western and Eastern Cape and KZN. This means that by 2013 the group will have in excess of 100 residential property franchises in this area. Read more >>

Homeowners might pay too much insurance - Rawson Properties
South African homeowners, especially those who took out their insurance policies on their home several years ago, should take the trouble to check whether they are not now paying monthly installments that are far too high - for the simple reason that their home is, in fact, now over-insured. Read more >>


Company news

Property Management


Communication is key to solving landlord/tenant disputes - Private Property
A complete "snag list" prior to occupation of a premises can protect both landlord and tenant when the lease expires. One of the most common problems experienced by landlords and tenants generally doesn't take place while the property is being leased. Read more >>

Sectional title responsibilities - Private Property
If there is one issue that can be almost guaranteed to raise temperatures among sectional title property owners, it is the question of who is responsible for the maintenance of the three different types of property in sectional title scheme, i.e. sections, common property and exclusive use areas. Read more >>

Common and Statutory law governing rental of premises - Private Property
Tenants and landlords should enter into agreements with the intention of giving as well as getting reasonable value. In many cases, the attitude with which one approaches a deal will determine its long-term (or possibly short-term) viability and success. Read more >>

Rental Housing Tribunal: Recourse for both landlord and tenant - Private Property
While tenants may not all be the shining stars landlords wish for, both parties have legal recourse in exercising their rights outside the courts, through the Rental Housing Tribunal (RHT). Read more >>


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New people on biz

Michelle Wanless
estate agent (intern) at Lew Geffen Sothebys
Innocent Malepfana
Town Planner at AMA
Dan Weber
Sectional Title Management system developer
Patty O
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