Asrin see indicators of an upturn in 2010

Asrin Property Developers, one of the major residential developers in the Cape, have put together a five year business plan which, taking account of future economic trends, will see them being far more active from 2010 onwards.

“We recognise,” said Shiraaz Hassan, Asrin’s Marketing and Sales Director, “that the buoyant market conditions of the 2003 to 2008 era are unlikely to be repeated in the foreseeable future but we are now experiencing the positive effect of the lower interest rates and a resurgence in the property market.

Asrin, said Hassan, are in the strong position of being able to cater for all sectors of the residential market – and have, in fact, been doing this for years – but they foresee the main activity being at the lower end of the market.

“It is quite clear now,” he said, “that it is in the sub R500 000 bracket that the demand will be strongest and much of our planning for 2010/2011 will be for this secure market – one, incidentally, which many developers avoid because it demands such efficient cost controls and economies of scale without compromising on quality.”

At the end of November, said Hassan, Asrin will launch Coral Heights, a precinct within the successful Melkbosch Village. Here two bedroom apartments will be selling from R399 000, including costs.

“Investors,” he said, “have always favoured Asrin ahead of the pack – we have some who have bought into as many as six projects – and Melkbosch Village offers ideal investment opportunities.

“This is a testimony to the excellent value we offer: Asrin will always strive to give more than buyers expect in their price range and, working with their own construction teams, will always produce finishes that are noticeably better than average. We look forward to a productive 2010.”

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