Understanding the township property market: the case of Orlando East, Diepkloof and Orlando West Soweto
Date
2012-08-15
Authors
Gasennelwe, Potlako
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Abstract
Reports of the Banking Association of South Africa (BASA) and Finmark Trust in 2004 -2005
pointed out that two housing sub-markets exist in South Africa. The first housing sub-market,
consisting of properties of which the price is above R200, 000.00 is prospering. However, the
second sub-housing market, comprising of RDP houses and older properties in the townships, is
inefficient and ineffective. Orlando East, Diepkloof and Orlando West and are older parts of
Soweto, which in principle are ranked as being part of the second housing sub-market, experience
a different phenomenon from what is generally assumed about the second housing market.
Orlando East, Diepkloof and Orlando West appear to have been experiencing a partial property
boom. This research report aims at exploring factors stimulating this property boom. It examines
the role of the political will of theAfrican National Congress (ANC) to create a suitable environment
for private sector involvement in Orlando East, Orlando West and Diepkloof, of the improvement of
infrastructure through the creation of new centers such as shopping malls, and of partnerships
between the public and private sector.