Integrated housing developments have the potential to assist in bridging the 'gap' between 'Breaking New Ground' (BNG) housing and affordable housing: Cosmo City as a case study
| dc.contributor.author | Ruiter, Sandra Lynne | |
| dc.date.accessioned | 2009-06-23T07:42:47Z | |
| dc.date.available | 2009-06-23T07:42:47Z | |
| dc.date.issued | 2009-06-23T07:42:47Z | |
| dc.description.abstract | This research project aims to determine whether fully subsidised BNG house developed within an integrated development such as Cosmo City can fetch sufficient value to bridging the ‘gap’ between BNG house and an affordable house and thereby assisting a house hold to leverage itself up the housing ladder. Based on Cosmo City as a case study the research investigates real value verse perceived value of BNG houses within an integrated development. The information and data collected includes; the replacement cost of a BNG house, Cosmo City’s BNG residents perception of value, professional commentary on BNG house value, capital growth within the entire development of Cosmo City, a comparable analysis of three houses within Cosmo City and official Municipal Valuations. The literature review reveals that the creation of integrated developments are the way forward to urban and community sustainability, as they provide a platform for social and economic development by alleviating poverty and assist with wealth creation. This is achieved by constructing environments which have better access to amenities and work opportunities and which provide for lifestyle and income changes. The analysis of the research determined that a BNG house has real value (replacement cost), perceived value, (BNG and professional interviews) and market value (Municipal Valuation) and should command sufficient value as a result of the attributes associated with integrated development’s, which include mobility, accessibility, service levels and locality. The conclusion is that my hypothesis cannot be substantiated as yet as a BNG house cannot be sold or purchased due to the pre-emptive clause which restricts the sales of BNG houses for a period that is no sales of BNG houses have as yet taken place. However, the research does determine that BNG house has both perceived and real value. | en |
| dc.identifier.uri | http://hdl.handle.net/10539/7038 | |
| dc.language.iso | en | en |
| dc.subject | Low-cost housing | en |
| dc.subject | South Africa | en |
| dc.subject | Cosmo City | en |
| dc.title | Integrated housing developments have the potential to assist in bridging the 'gap' between 'Breaking New Ground' (BNG) housing and affordable housing: Cosmo City as a case study | en |
| dc.type | Thesis | en |
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