2 years ago

Opportunity Issue 98

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Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors and looks to provide its readers with first-hand knowledge about South African business. Opportunity also looks to present South African business to international markets that may have interests in investing in South Africa. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

GOVERNANCE Investments

GOVERNANCE Investments in estate properties are proving their worth A new review by New World Wealth selects 10 of the best lifestyle estates in the world, with three South African estates listed. With increasing numbers of South Africans choosing to invest in estate living, options that include apartments, wildlife, eco-estates and retirement estates are proving popular. Yellowstone Club in the US state of Montana nestles in the Rockies. Credit: Yellowstone Club South Africans are continuing to choose estate living in greater numbers. The main drivers for the increase in the popularity of estate living in South Africa are safety, shared facilities, communal parks and controlled traffic flows. This is according to Andrew Amoils, wealth analyst and head of research at New World Wealth. New World Wealth has been rating the top lifestyle estates in South Africa for the past five years and has recently published a review in which it shares its top 10 lifestyles for 2021 from around the world. Both South Africa and the United States secured three estates on the list, with estates in the UAE, Mauritius, Italy and New Zealand also featuring in the top 10. New World Wealth's top 10 lifestyle estate picks for 2021are as follows: • Yellowstone Club in USA. • Val de Vie in South Africa. • Bighorn Golf Estate in USA. • Steyn City in South Africa. • Kukio in Hawaii, USA. • Fancourt in South Africa. • Anahita in Mauritius. • Jumeirah Golf Estate in the UAE. • Jacks Point in New Zealand. • Toscana Castelfalfi in Italy. 46 |

PROPERTY INVESTMENT The top estates scored strongly in the following areas: appeal to high net worth individuals (HNWIs), maintenance, communal areas (parks), design, location, scenery, security and facilities. A global trend Estate living is already popular in USA, South Africa, Spain and Portugal and is starting to take off globally, especially in the UAE, New Zealand and Mauritius. Reasons for its rising appeal: • Lifestyle and community: parks, playgrounds and schools. • Facilities: in-house gyms, spas, golf, horse-riding, tennis and cycling. • Limited and controlled traffic: safer for children. • Security and privacy: access gate and private security personnel. Kukio Golf and Beach Club is a gem on Hawaii’s Big Island. _____________________ "Estate living is becoming increasingly popular among the world's HNWIs as they search for more privacy and safety," says Andrew. ____________________ Spotlight on the Yellowstone Club The Yellowstone Club is one of the more impressive lifestyle estates globally. It is situated in Big Sky, Montana (USA), and features a top golf course and its own private ski slopes. The houses on the estate start from a base price of around US-million, making it only for the super-rich. The estate is set on 15 000 acres of mountain wilderness with two large rivers that flow through the property. Activities available on the estate include fly-fishing, golf, horseriding and river-rafting during the summer and snowmobiling and skiing for the winter. There is also a move away from traditional golf estates towards wildlife and eco-estates. Retirement estates (for over 60s) have also become more popular. Estate properties are good value as investments. As Andrew says, “Over the past 20 years, estate properties have outperformed freestanding homes in terms of price growth.” With regard to the value of estate properties during a time of crisis (such as the Covid-19 pandemic), Andrew makes the point that buyers seeking open spaces are being attracted to estates with parks and wilderness. “Many people have chosen to work remotely and live in smaller towns,” reports Andrew. “For instance, a large number of people are now working remotely from affluent small towns such as Hermanus, Plettenberg Bay and Franschhoek. Lifestyle estates in these towns have benefitted.” About New World Wealth New World Wealth has been tracking the spending habits of the world’s wealthy for over seven years. The company’s research covers 90 countries and 150 cities worldwide. New World Wealth are the researchers and authors of the Africa Wealth Report and the Global Wealth Migration Review. Website: South African trends South Africa is a global pioneer in estate living and is home to many of the world's best lifestyle estates, including the likes of: Val de Vie, Steyn City, Fancourt, Pezula, Steenberg, Arabella, Atlantic Beach, Simbithi, Zimbali, Whale Rock Ridge, Leopard Creek, Waterfall Equestrian Estate, De Zalze, Domaine des Anges and Silverhurst Estate. Buyers in SA are increasingly moving towards apartment blocks or estates that have apartments. In line with this, most new luxury developments in the country focus on apartment living rather than houses; notable examples include: Brookfield at Royal, Umhlanga Arch and Steyn City’s “104 on Creek”. | 47 Steyn City offers a green lung in the heart of the big city. Credit: Steyn City

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