Mooikloof housing project ‘largest of its kind’, says Ramaphosa
President Cyril Ramaphosa said the new Mooikloof housing project in Tshwane may become the world's largest sectional property development.
The R84 million project, which was officially launched on Sunday, includes schools, shops and offices.
"The first phase of the project is residential developments, and some 50,000 sectional title units are planned.
Once completed, the Mooikloof mega-city may end up becoming the world’s largest sectional property development, with land also earmarked for schools, shops and offices," said Ramaphosa.
He says the project will address the housing challenges in the area.
"This housing development addresses what may be referred to as the ‘housing missing middle’. People who earn too much to qualify for fully subsidised housing but who don’t earn enough to afford debt-financed housing in areas of their choice. But by far the most important aspect of this catalytic project is its contribution to inclusionary housing development."
The project will also create some 41 000 jobs.
"The economic recovery plan that I will be unveiling in the very near future will provide greater insight into how the government plans to revive the economy. The emphasis will be on infrastructure as a flywheel for economic recovery, with an additional focus on job creation,” Ramaphosa said.
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