General Information

Benefits of Closure

• Safe environment for young & old
• Manageable safety environment
• Improved living conditions
• Easier to sell and rent — 10%+ investment
• R10,000 investment = R100,000+ increase in property value
• Reduced short-term insurance premium
• Collective bargaining for cheaper armed reaction services
• Increased safety for businesses, employees, and customers

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Current Selling Prices

Area	Houses	Townhouses
Eldoraigne	R2,500,000	R1,500,000
Wierdapark	R1,900,000	R1,300,000

Current Road Closure Areas

• Uitsigpark – R3,500,000
• Eldo 3 – R3,300,000
• 10%+ Increase – R250,000
• 5%+ Increase – R75,000

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Financial Benefits

• Property value increase: 5%–10% (R50,000–R100,000+)
• Faster selling time than open areas
• Short-term insurance savings: 15%–20% (±R150–R200/month)
• Contact SAPCOR (012 998 8295) or your insurance broker for verification
• Armed response savings may apply (subject to future implementation)

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Requirements by Council

• 67%–70% support from property owners
• Traffic Impact Study
• Formal application and application fee
• Approval from all municipal departments
• SLDT principal approval
• 40-day public advertising for objections
• 58 technical requirements including wayleave approval
• Reapplication every 2 years

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Cost Breakdown

Option	Total Units	70% Support	Houses	Townhouses
Block 3	370	259	364 @ R700	6 @ R350
North of Spruit	1,380	682	837 @ R660	548 @ R330
Whole Area	2,290	1,075	1,285 @ R560	1,005 @ R280

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Projected Time Frame

• P1: Get 70% support + funding → 5–8 months
• P2: Traffic study + application → 2 months
• P3: Council approval → 12 months
• P4: Advertising + tenders → 3 months
• P5: Construction → 4 months
• P6: Operational → ±24 months total

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Who Does What?

HOA (Sec 21 Company)

• Contracting
• Monitoring and management
• Own bank account
• Annual meeting, audit, and budgeting

Management Team

• Includes project manager, traffic engineer, etc.
• Planning and application for closure
• Full project management

Managing Agent (Pty Ltd)

• Administrative support
• Levy collection and bookkeeping
• Corporate governance