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Paarl - Val de Vie, the luxury security estate near Paarl in the Cape Winelands, has set a number of new sales records over the last 24 months.
In total, more than 500 developer stands and properties were sold over the last two years. On average, Val de Vie home prices increased from R18 000/m² to R24 000/m² and the land price for Val de Vie phase 1 increased from R1 900/m² to R2 500/m² during this time.
land prices at Pearl Valley, which was amalgamated with Val de Vie in 2016, increased from R900/m² to R2 600/m².
The 162 Stefan Antoni designed plot and plan units in The Vines development on the estate have sold out as well as the 60 Stefan Antoni designed luxury apartments in the Polo Village development.
The 17 Gentleman’s estate smallholdings of between 3ha and 5ha each have been sold out. The 64 stands in Le Domaine neighbourhood as well as the 72 plot and plan units at The Vines at Le Domaine have sold out.
The 5-star Pearl Valley Hotel - operated by Mantis Group - sold out its sectional title hotel and rental pool, while, last but not least, a 3 000m² stand on the Champion’s Field was sold for a record amount of R12m.
Residents
The majority of residents at Val de Vie hail from Gauteng and KwaZulu Natal KZN, and were looking to settle in a secure environment. The rest of the residents include expats returning to SA, high net worth executives, empty-nesters, retirees and international swallows.
“Having sold in excess of R2bn worth of developer stands over the last few years placed us in a favourable position with an exceptional increase in property value year on year,” says Ryk Neethling, marketing director and shareholder of Val de Vie.
He says central to the success of the luxury estate, is a diverse property portfolio offering that buys real estate investors "an unparalleled lifestyle". It ranges from developer stands to elegant lock-up-and-go apartments, family homes and mansions valued over R100m.
"Secure living is of paramount importance to property investors, and as one of the first estates in South Africa to implement biometric-access control measures, Val de Vie’s state of the art deterrents bring absolute peace of mind to residents," says Neethling.
"The security measures in place are unobtrusive and strategically positioned, such as thermal cameras that allow residents to enjoy the beautiful natural surroundings and picnic spots along the Berg River."
Facilities
The estate’s features include lakes, vineyards, polo fields, the L’Huguenot wine cellar, Fleet coffee roastery, farms, landscaped gardens, parks and open areas for children to play safely outdoors.
Residents have access to a 42km running and cycling trail, fishing and picnic spots along the 7km of the Berg river, the iconic Pearl Valley Jack Nicklaus Signature Golf Course, tennis and squash courts, swimming pools, lifestyle centres and restaurants.
As SA’s only residential polo estate, equestrian lovers of all disciplines are well catered for.
A 4ha game reserve is home to endangered species like the Cape Grysbok. Over 100 species of protected fynbos flourish in dedicated environmentally sensitive areas.
Future developments
Soon, a new bridge linking the estate with the R45 Simondium road will open up an expanded domain and reduce traveling time to Stellenbosch, the N1 highway, Cape Town and the International airport.
Future developments on the estate include a new lifestyle centre, The Yard, with a 900m² gym training area, yoga studio, a five lane Olympic length outdoor pool, full service deli and designer restaurant.
Evergreen at Val de Vie is a mature lifestyle community, launching at the end of 2017. This development brings the retirement brand and premier lifestyle estate together in a partnership.
"Retirees can look forward to secure living in a carefree environment with full access to all estate facilities," says Neethling.
The high demand for “a life worth living” at Val de Vie is evident in 95% of phase 1 sold out and phase 2, excluding Evergreen Retirement Village, 85% sold out.
“We cannot live in prosperity surrounded by despair. Val de Vie and our residents are deeply engaged in the broader community and know that the Paarl-Franschhoek Valley is life giving for all, not just the privileged few that are fortunate enough to live on Val de Vie,” says Neethling.
The Val de Vie Foundation is primarily funded by 1% of all developer sales income and 5% of levies from new homes. Their target is to distribute R100m in the next eight years to numerous viable community projects in the Berg River Valley.
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