Central Park City, located in the Newlands/Sophiatown area, is being developed by Urban Dev Property Development.
Gauteng, South Africa’s smallest province by land size, accounts for just 1.5% of the country’s area but is home to over a quarter of the population.
With so many people competing for space, housing demand remains high, particularly for first-time buyers looking for affordability.
Seeff said the development is designed specifically to meet this demand, offering a mix of affordability, security, and lifestyle benefits that were previously out of reach for many entry-level buyers.
Central Park City will feature one-, two-, and three-bedroom fibre-ready apartments, set in modern multi-storey blocks.
The city’s design offers an attractive lifestyle, with biometric security, a retail hub, clubhouses, braai areas, parks, sports courts, and playgrounds.
The developers have included an on-site crèche and aftercare centre for working parents, while proximity to top universities such as UJ and Wits makes it attractive for young professionals and students.
Residents will have access to a shopping village anchored by Pick n Pay and Clicks, laundromats, outdoor gyms, skateboard rinks, a five-a-side soccer astro court, and even Pickleball courts.
Greening features include gas-powered geysers and stoves, solar PV, and battery storage to help residents cope with load shedding up to Stage 4.
Pricing and financing options are central to the development’s appeal. Apartments start at just R595,000.
Qualifying first-time buyers can access subsidies through the First Home Finance (FHF) scheme, which applies to households earning between R3,501 and R22,000 per month.
The development has also secured Edge Certification for energy and water efficiency, which unlocks access to green home loans.
Additional incentives include favourable rates negotiated with banks via mortgage originator ooba, while the first 25 buyers will receive a 5% discount on their purchase price.
