Welcome to Sandton; South Africa's number one business hub northward of Johannesburg in Gauteng. About fifty years or so ago, way before the exodus of South Africa’s well established businesses from the Johannesburg CBD to the Northern suburbs; Sandton was merely a grassy town of small holdings with sandy horse trails snaking all over the terrain. In those days many people were not as eager to buy a house in Sandton as they are lately.
Today, being a home to the most sophisticated residential and commercial estates in the country, this Manhattan-like city is probably the richest square mile in Africa. According to WealthInsight, a firm which provides data and insightful analysis on the world’s high net worth individuals (HNWIs) and wealth sector, the number of millionaires in South Africa reached 48 800 at the end of 2012, of which 15 000 reside in Sandton. With posh areas such as Sandown and Bryanston, it is without a doubt a fact that Sandton does offer the most opulent leafy suburbs in the North of Johannesburg. For a career driven idividual, buying a home in Sandton would be a great investment.
Sandton is a great example of developed and developing commercial nodes driving up residential property prices, all because of their proximity to work and entertainment amenities. Sandton is also leading the evolution of green buildings in SA for which there is an increasingly strong demand
Sandton has 149 active suburbs.
Between 2015-10-01 to 2016-09-30:
Compared to the previous year(2014-10-01 to 2015-09-30):
Full Title and Sectional Title sales in Sandton had a combined value of R 29,756,895,087 with a median price of R 1,426,900 compared to R 28,011,518,782 with the median price of R1,424,516 for the prior period.
Full Title sales in Sandton had a total value of R 22,736,064,297 with a median price of R 2,375,000 compared to R 20,437,262,267 with the median price of R2,626,473 for the prior period.
Sectional Title sales in Sandton had a total value of R 7,020,830,790 with the median price of R 1,149,900 compared to R 7,574,256,515 with the median price of R1,049,900 for the prior period.
For more information regarding property valuations and suburb trends for Sandton visit www.SAPTG.co.za
When Sandton City was built in the late 1960's, Sandton was largely a farming community and it wasn't until the mid to late 1980's when businesses started migrating to areas such as Parktown, Rosebank and Sandton in pursuit of cheaper land in comparison to the Johannesburg CBD. Sandton became South Africa’s financial powerhouse. Today Sandton City is Johannesburg’s top shopping destination and its success shows no signs of abating.
Sandton has more than 300 000 residents and 10 000 businesses including Johannesburg Stock Exchange (JSE).
Aside from its reputation as “the golden square mile of Africa” for business, Sandton enjoys the added benefits of the Gautrain, which is an advantage for both business and tourism
Because of its situation at an altitude of 1500 meters above sea level, Sandton has moderate savannah weather. Although the temperature can be Spring-like during winter, an average winter day in Sandton is dry and summers are warm with a fairly chance of rainfall. Sandton is not only an ideal residential area for business orientated individuals; the town's opulent suburbs can also offer tranquillity for prospective homebuyers.