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The Longboard Apartment Building |
You are here: New Developments / The Longboard |
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Twelve luxury 3 bed apartments with magnificent sea & lagoon views in an area earmarked for major development and investment opportunities, which include the new international airport & 5 minutes drive from Sibaya Casino. Stroll Across on your Private pathway to the beach or sail on the lagoon.
The new airport to be built north of Durban is expected to lift property prices in La Mercy and surrounding areas.
The new airport will encourage plenty of secondary businesses. Employees of these companies will need homes and we are likely to see the development of more affordable properties priced at around R1 million.
 Ballito, which is just 10km from the new airport, has had property prices increase by between 20 and 30 percent each year for the last two years. A three bedroomed house with sea views costs more than R2.5 million. Next year, prices are expected to rise by 15 percent due to opportunities from the new airport. The Airports Company South Africa recently agreed to build, operate and own the new R2 billion airport at La Mercy. The Dube Tradeport will develop cargo handling facilities, warehouses and light manufacturing nearby. The new airport, 30km north of Durban, will replace the existing airport south of Durban by 2010. Over the next 18 months, property prices should increase by about 30 percent, as people working on the new airport will require homes. Now that there is finality, there will be huge spin-offs.
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