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Buildings Worth R644 Million Reported As Completed In Nelson Mandela Bay

AUGUST 29, 2014
Buildings Worth R644 Million Reported As Completed In Nelson Mandela Bay

New buildings and alterations and additions worth a fraction under R664 million were reported as completed in Nelson Mandela Bay in 2012, the last year for which statistics are currently available.

Figures released by Statistics South Africa show that residential buildings worth R335.8 million and measuring a total of 128.899 square metres were reported as completed in 2012.

In the same years, 13 non-residential buildings worth R120.4 million and measuring 41 957 square metres were also reported as completed.

A total of 822 alterations and additions worth R207.8 million and measuring 60 199 square metres were also reported as completed in 2012.

StatsSA says that the figures cover buildings in Port Elizabeth, Uitenhage and Despatch. The figures show that a total of 2 084 houses worth R263.1 million were reported completed in the metro in 2012, of which 1 868 worth R140.8 million were smaller than 80 square metres. In the same year, 139 town houses worth R57.5 million were reported as complete, but no flats.

No buildings for shopping space were reported as having been completed during the year, but three for offices and banking worth R51.6 million were and nine for industrial and warehousing purposes worth R68.6 million.

Nelson Mandela Bay accounted for just over 23% of the value of all buildings completed in the Eastern Cape in 2012, with Buffalo City filling second place with R593.9 million or 20.6%, followed by Lukhanji (Queenstown) with 7.6% and Ndlambe (Port Alfred) 6%.

Neighbouring Kouga, which includes Jeffrey’s Bay, accounted for 4.4% of the total with buildings worth R148.1 million reported as being completed.

The total value of buildings reported as completed to municipalities n the Eastern Cape increased by R127.2 million between 2011 and 2012 to R2.8 billion but this was substantially below the R3.7 billion recorded in 2010, mainly as a result of a sharp drop in the value of non-residential buildings reported as completed. - MetroMinutes.


Photo courtesy of www.hampshirehotel.co.za