Last year, the fifth and final phase of The Pearls of Umhlanga – Pearl Sky -went on sale and broke all South African property sales records by selling R1 billion worth of real estate in one day!
The success and prestige of the previous four stages of The Pearls ensured that buyers were queuing to snap up their own piece of ocean side paradise. Anant Singh, Director of The Pearls of Umhlanga Development, said, “This is an exceptional outcome and is testament to The Pearls being such a unique development on one of South Africa’s finest beachfront locations.”
When the phase is completed (in 2018), it will boast 422 luxury apartments. The development is worth over R3 billion making it one of the biggest private sector investments of the past decade.
But this phase of the beautiful complex is not just residential: Pearl Sky will feature a boutique mall with retail, business and wellness facilities which will include many stylish boutiques, the world’s top luxury brands and the fine dining.
Believe it or not, this property sales record was broken in April this year when Oceans uMhlanga sold R1.55 billion of real estate in a single day!
Vivian Reddy, one of the entrepreneurs behind what the developers refer to as the most iconic development in recent South African history, said that he was pleasantly surprised at this “given the economic recession”.
Oceans uMhlanga will also feature a very glitzy mall which has already attracted luxury brands such as Versace, Burberry, Armani and Paul Smith.
It is thanks to developments like The Pearls and Oceans uMhlanga that Umhlanga is a booming centre of business and tourism for the KwaZulu Natal province.
The Pearls of Umhlanga is just a short stroll from the luxury holiday accommodation offered by Casa Playa and a worthwhile outing too. For self-catering accommodation in Umghlanga Rocks, Casa Playa is an ideal choice. Contact us today to make a booking.