New R84 billion smart city for South Africa in 2023 – how much it will cost to live there

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New R84 billion smart city for South Africa in 2023 – how much it will cost to live there
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South Africans will be taking up residence in a new R84 billion smart city in 2023.

The Department of Human Settlements says that progress is being made on the Mooikloof Mega City development in Gauteng, with the first residential apartments in the project being ready for occupation in 2023., planned as a massive smart city project east of Pretoria.

Once completed, the new city will also feature schools, shops and offices, all built in line with green building principles. “The green classification for the Mooikloof Mega City will be done when the construction of the units is completed and will be certified for solar and battery storage to confirm that it has been incorporated into the development to mitigate the effects of load shedding,” it said.At the time of the launch, Balwin said that it plans to build an initial 16,000 apartments at a value of approximately R9.6 billion in phases.

However, while apartment prices were initially planned to be between R499,000 to R799,000, the department said the entry cost has now increased.

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