Cape Town approves building plans worth R20bn

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Cape Town approves building plans worth R20bn
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The city said its Development Management Department has received 21,943 building plan applications from 1 July 2018 to 31 May 2019.

The City of Cape Town said on Monday that it has approved building plans to the value of R20.4 billion over a 11-month period, ending 31 May 2019.

The City said it must find a balance between urbanising Cape Town and meeting the demand for well-located housing, while at the same time protecting the unique qualities and natural environment that make the city a sought after destination. The City said its Development Management Department has received 21,943 building plan applications from 1 July 2018 to 31 May 2019, and approved 19,585 applications over the same time period.

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