This research project aims to determine whether fully subsidised BNG house
developed within an integrated development such as Cosmo City can fetch
sufficient value to bridging the ‘gap’ between BNG house and an affordable
house and thereby assisting a house hold to leverage itself up the housing
ladder.
Based on Cosmo City as a case study the research investigates real value
verse perceived value of BNG houses within an integrated development. The
information and data collected includes; the replacement cost of a BNG
house, Cosmo City’s BNG residents perception of value, professional
commentary on BNG house value, capital growth within the entire
development of Cosmo City, a comparable analysis of three houses within
Cosmo City and official Municipal Valuations.
The literature review reveals that the creation of integrated developments are
the way forward to urban and community sustainability, as they provide a
platform for social and economic development by alleviating poverty and
assist with wealth creation. This is achieved by constructing environments
which have better access to amenities and work opportunities and which
provide for lifestyle and income changes.
The analysis of the research determined that a BNG house has real value
(replacement cost), perceived value, (BNG and professional interviews) and
market value (Municipal Valuation) and should command sufficient value as a
result of the attributes associated with integrated development’s, which
include mobility, accessibility, service levels and locality.
The conclusion is that my hypothesis cannot be substantiated as yet as a
BNG house cannot be sold or purchased due to the pre-emptive clause which
restricts the sales of BNG houses for a period that is no sales of BNG houses
have as yet taken place. However, the research does determine that BNG
house has both perceived and real value.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:wits/oai:wiredspace.wits.ac.za:10539/7038 |
| Date | 23 June 2009 |
| Creators | Ruiter, Sandra Lynne |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | application/pdf, application/pdf, application/pdf, application/pdf, application/pdf |
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