South Africa’s high-end coastal property market is showing renewed activity.
A new development in Durban North, Beachwood Coastal Estate, recorded more than R600 million in sales.
And that was only within two days of its opening last month.
The coastal estate drawing in big buyers
Pam Golding Properties reported R634 million in transactions during the launch period, according to BusinessTech.
The sales set a new benchmark for land values in KwaZulu-Natal, with prices exceeding R10 000 per square metre. Analysts note that these figures place the province’s coastline in closer competition with the Western Cape for high-value residential investment.
Buyers included KwaZulu-Natal residents, purchasers from other parts of South Africa and a small number of international investors, including individuals from Dubai and Tokyo.
Reported prices at the launch ranged up to R25 million for villas, around R15 million for apartments and up to R20 million for vacant stands. Some plots reached sizes of 1 700 square metres.
The estate provides direct beach access and is situated near uMhlanga, La Lucia and central Durban, areas that continue to draw interest from higher-income households.
The scale of early sales marks one of the strongest debuts for a KwaZulu-Natal development in recent years.
Industry observers say the results point to a rising level of activity in the upper end of the market and renewed attention on Durban North as a potential focal point for luxury coastal demand.
