While lockdown has been challenging for most sectors of the South African economy, Balwin Properties, the country’s leading real estate developers with a total of 6 projects signed with Crystal Lagoons®, has adapted to the new world scene by taking to online sales and other technologies.
As part of its portfolio, the group has announced it is currently overseeing the development of 62,000 apartments in its pipeline, across 25 different projects, in Johannesburg, Tshwane, KwaZulu Natal and the Western Cape.
With completion dates ranging from October 2020 to November 2030, Balwin Properties said it remains committed to this “unique lifestyle offering” and looks to expand on its partnership with Crystal Lagoons to bring beach life to clients’ doorsteps.
Successful track record
Given the sales success of The Blyde, the developers first project anchored by a Crystal Lagoons amenity, the companies have an exclusivity agreement for five additional projects, each to be constructed around these large-scale turquoise water lagoons. These will be built in Johannesburg, Pretoria, Mbombela, KwaZulu-Natal and the Western Cape province.
Munyaka, the most luxurious of the projects, was praised by the nation’s President, Cyril Ramaphosa, who attended the unveiling held at the beginning of 2020.
“The launch of Munyaka resulted in Balwin breaking all sales records. We achieved over 807 sales for the month and around 600 were related to Munyaka, which will be home to the largest man-made crystalline lagoon in the southern hemisphere to be powered by Crystal Lagoons technology,” stated Steve Brookes, Balwin Properties CEO and founder to prominent South African media outlet, Moneyweb earlier this year.
Advanced negotiations on African continent
Crystal Lagoons is also expected to expand across the continent by bringing its ground-breaking concept and technology to other African nations, and is advanced negotiations to close licensing agreements in Botswana, South Africa, Ghana, Kenya, Nigeria, Angola and Egypt. The innovation firm is also negotiating a regional master agreement. Furthermore, the company is in talks with a local operator in Morocco, to develop 9 PAL in Marrakech, Casablanca, Rabat, Tanger, Fez and Saidia.