Sibaya Coastal Precinct’s first retirement estate recaps 2018
Shoreline Sibaya, the first retirement estate within Sibaya Coastal Precinct, has achieved a tremendous amount this year. Retire KZN introduced Shoreline Sibaya to you in April 2017, and we have ensured that we have kept you up-to-date with all the activities around this luxury retirement estate, including the ground breaking and construction updates. We take a look back on 2018 and recap the achievements this sought-after estate has accomplished.
From the very beginning, Shoreline Sibaya took KwaZulu-Natal by storm as the fastest selling retirement estate to date. As it stands, Shoreline Sibaya is ending the year on a high note with 75% of the estate already sold.
“We have been blown away by the response to Shoreline Sibaya and we believe this is because we have listened to what the market wants and needs, as well as understood and translated our designs from extensive research into the over 50’s market,” shares Wicus Jacobs, Director of Carmel Properties.
Following the numerous Johannesburg roadshows that took place and the construction currently underway, Shoreline Sibaya broke boundaries with their partnership with Lombard Insurance. This game-changing partnership was spurred on by the challenges faced by buyers over the age of 50, especially when it came to bonds and bank funding. Shoreline Sibaya and Lombard Insurance can now assist in providing a viable financial solution for retired buyers who have their equity tied up in their family home.
As construction teams put down tools for the festive season, Shoreline Sibaya can be proud having completed 20% of the construction and the significant partnerships made in 2018. The team looks forward to working to achieving the first transfers, for Block B and C, in the last quarter of 2019.