Cape Town – If investors fear putting money into a new-age city on the banks of low-income communities, then the billions invested in creating Steyn City and developing the surrounding areas ahead of the estate’s launch should quell that concern.
Watch: The grand tour of Steyn City
Steyn City Properties, who launched the estate on Thursday, have so far invested around R6.5bn in building infrastructure in and around the state-of-the-art kingdom. The developers plan to invest another R50bn in the next phase. This will fund junior and senior schools, two top-tier shopping precincts, a business park, a medical centre, a retirement home and a private bus service.