The Leo Mews gap housing development in Elsies River is the result of a groundbreaking partnership between the City of Cape Town, the Standard Bank of South Africa and Bitol Development.
The development comprises of two bedroom apartment, secure parking, a CCTV monitoring system and access control. The apartments have solar hot water systems to save electricity, and water recovery, recycling and re-use systems to conserve water and save money. There is a system for reclaiming ‘grey water’ used for household purposes and storage, and a reclaimable water system is used for toilets and lawn irrigation. All units have been equipped with waste separation bins divided into compartments for glass, paper, aluminum, plastic and non-recyclable goods.
“Standard Bank and Bitol supplied housing that, apart from its price, would not be out of place in more up-market residential areas,” said Kevin Duncan, Managing Director of Standard Bank’s Integrated Residential Developments division (IRDev). “The Leo Mews development sets new standards in the industry, being constructed in alignment with the Five-Star Green Building rating system.” The development won a Southern African Housing Foundation merit award in October 2009.
There are 125 units in the development. Prices range between R255 000 and R297 000.
Potential buyers need to earn R7 200 or more per month to qualify for a bank loan and acquire finance directly from Standard Bank. The City will prioritise people who meet the income criteria on its integrated housing database.
“We are proud of the Leo Mews development, which is innovative, eco-friendly and provides accommodation to a segment of the population that has traditionally been excluded from quality accommodation because of affordability issues. This is an excellent example of what can be achieved when a municipality, financial institution and developer have a strong partnership.”“We believe that the development contributes significantly to the economic and social upliftment of the community,” said Duncan.
The Avon Gardens Residential Apartment complex is located in Avonwood, Elsies River. Off Norwood Drive into 22nd Avenue. All apartments are two bedroom and complete with fitted kitchen & oven, all bedrooms have built in cupboards and security gates on doors and windows. The apartment complex is secured with CCTv and access control. A safe childrens’ play area is located within the complex and parking is available for all residents and space allocated for visitors. priced from R409000. Only 74 unit available. Selling fast!!!!!!
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