SM Tekendienste - Building Plan & Property Services
June 1, 2025 at 02:39 PM
🤯 Surprised? South Africa is one of the MOST affordable countries globally for building your dream home! 🇿🇦
We offer incredibly competitive land and building costs, even compared to other developing nations.
Consider this (data from Turner & Townsend International Construction Market Survey 2024):
🏗 Johannesburg: ~R17,791/sqm
🏗 Cape Town: ~R19,589/sqm
That's significantly lower than:
🇻🇳 Ho Chi Minh City: ~R20,021/sqm
🇳🇬 Lagos: ~R27,716/sqm
🇿🇼 Harare: ~R35,868/sqm
🇺🇸 NYC (for perspective!): a staggering ~R103,016/sqm!
Add lower holding costs, no transfer duties on vacant land below R1.21M, and favourable municipal rates – South Africa is fast becoming an investor-friendly property destination.
Yes, economic uncertainties exist, but the simple maths often gets overlooked: building here still makes financial sense. While others battle inflated costs, SA offers solid fundamentals for a long-term view.