Balwin Properties is set to unveil its R10 billion Munyaka development in Waterfall City, Johannesburg, bringing a touch of “beachside living” to the bustling city, according to a report by BusinessTech.
The development is expected to be completed by 2028 and will feature a man-made beach and a 3-hectare Crystal Lagoon, Balwin’s second clearwater lagoon after the Blyde in Tshwane East.
Balwin has an exclusive agreement with Crystal Lagoons to develop freshwater lagoons in strategic nodes in the future, making Munyaka a part of the company’s long-term plans.
The gated development will consist of 5,178 one-, two-, and three-bedroom apartments, some of which are lagoon and beach-facing. In addition to Balwin’s Classic offering, the development will feature Lifestyle apartments and two ultra-luxurious penthouse apartments offering spectacular views of the lagoon and the city skyline.
All apartments are equipped with fibre-ready connections, Scandinavian-style kitchens, eco-friendly appliances, balconies for outdoor entertainment, and pre-paid water and electricity meters.
The launch of the Munyaka development will be preceded by a secondary listing for Balwin Properties on the A2X stock exchange, scheduled to take place on February 28th, 2023, one day before the Munyaka launch on March 1st, 2023.
As prices for classic apartments start at R989,900 and lagoon-facing apartments start at R3 million, Balwin Properties aims to offer a unique living experience that combines comfort and luxury with the tranquility of a beachside retreat.