The first residents of the Pelican Park integrated development have received their keys, in a significant milestone in the construction of one of Cape Town’s biggest housing development projects.
The environmentally-friendly development, which is situated between Zeekoevlei and Strandfontein Road on False Bay, will eventually include over 2 100 State-subsidised houses, 696 single-storey semi-detached GAP houses, and 63 double-storey house shops, which will enable residents to operate small businesses. It will also feature schools, a clinic, a library, a fuel station and a shopping centre.
The keys for the first completed GAP and Open Market houses in Phase 1 of the development were handed over by City of Cape Town’s Mayoral Committee Member for Human Settlements, Councillor Tandeka Gqada on Wednesday 12 June 2013. She was accompanied by Human Settlements MEC Bonginkosi Madikizela and representatives of the City’s partners in this project – the developer, Power Construction and main financer, Nedbank.
The provincial government is contributing R240 million of the R500 million total cost. The City will manage the distribution of the funds to the developer as the project progresses.
“The City has a careful and co-ordinated approach to the use of City-owned land which takes into account the holistic needs of the City and the people who live here,” said Councillor Gqada.
“We are so excited about this project, as it will provide houses to 3 200 families in one of the first integrated housing projects in Cape Town. Home ownership is one of the most significant economic achievements for an individual.”
GAP housing describes the shortfall in the market between state-supplied residential units and private housing opportunities. The New Horizons section of Pelican Park features GAP houses sold for R290 000 for households with a minimum earning of R7 800 per month. Market housing at Pelican Park is situated On the Vlei, where houses are sold for R465 000 for families with a minimum earning of R15 000 per month. Meanwhile, the first Breaking New Ground subsidised homes, for beneficiaries earning less than R3 500 per month, will be handed over from July. Beneficiaries have already been approved.
For more information, call the City of Cape Town’s Database Call Centre on 021 444 0333, or visit the City’s Human Settlements Directorate website.