Despite the current pandemic and challenging times ahead, Balwin Properties, leading real estate developer in South Africa, has declared record sales, with over 800 units being sold in the month of March. The firm’s CEO, Steve Brooks, recently announced the news, and stressed that this could possibly constitute a national sales record. The firm first partnered with Crystal Lagoons®, and launched their first development together in 2018, known as The Blyde. It too is anchored by a unique crystalline lagoon, and saw sales rocket due to what is known as the “lagoon effect.”
Due to the success of this first real estate development, the firms announced an exclusivity agreement for an additional five real estate projects anchored by this unique water amenity, to be dotted around South Africa, namely in Johannesburg, Pretoria, Mbombela, along KwaZulu-Natal’s Dolphin Coast and in the Western Cape.
The most luxurious of these, known as Munyaka, has been commended by the nation’s President, Cyril Ramaphosa, who attended the launch of Munyaka. He praised the undertaking of a large-scale development despite South Africa’s current testing economic conditions.
“I’m a great believer in the development of infrastructure in our country and this has just proven to me that it can be done even in very trying economic conditions that we are going through now,” the country’s leader said during the event organized at the beginning of March.
The multinational water innovation company, Crystal Lagoons, has a total of 29 projects on the African continent, in countries such as Egypt, Morocco, Nigeria and Angola, pertaining to both the real estate market and the Public Access Lagoons™ business model, also known as PAL™, in different stages of planning, design, construction or operation.