A new and the second clearwater lagoon beach that is being developed at Munyaka (Waterfall) estate by Balwin is expected to be finished in the fiscal year 2023.
Balwin is a residential property developer that creates large-scale estates mainly comprising 1,000 to 2,000 sectional title residential flats in Johannesburg, Tshwane, the Western Cape, and KwaZulu-Natal, for people with low-to-middle incomes.
The Blyde (Tshwane) was South Africa’s first development to have a unique clearwater lagoon created in a beach setting. Crystal Lagoons has granted the developer exclusive rights to build these freshwater lagoons at critical nodes in the future.
As part of the Thaba Eco Village expansion in Rietvlei, a third lagoon is planned for Joburg South.
About the Munyaka Waterfall Estate
Set to be completed in 2028 Munyaka waterfall estate is a close to US$ 568M gated complex located in the Waterfall area of Midrand, halfway between Johannesburg and Pretoria. It comprises 5,178 apartments ranging from one-, two-, and three-bedrooms to opulent three- and five-bedroom lagoon-facing penthouses.
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According to Balwin, all apartments will be fibre-ready and will have a Scandinavian-style kitchen, eco-friendly equipment, a balcony for outdoor enjoyment, and pre-paid water and energy meters. Residents may relax on the beach or swim, canoe, or paddleboard in the spectacular Crystal Lagoon, which is the size of three rugby fields and will be completed in October 2022. It will have a 50-metre arched tower with a 50-seat restaurant and meeting space overlooking the Johannesburg cityscape.
A 1 bed, 1 bath Exclusive Lifestyle apartment at the Munyaka waterfall estate starts at R899,900, while a 5 bed, 5 bath residence starts at R30 million. According to the developer’s most recent financial figures, 888 units have been sold at Munyaka to date, with 4,032 still on the market.
