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Frequently Asked Questions

The Developers

Annenberg Property Group (Pty) Ltd & Brick ‘n Board Group (Pty) Ltd

Annenberg Property Group was established in 1972 as a property development company actively involved in commercial, medical, industrial and residential developments, mainly in the Western Cape.

Residential Developments currently under construction:

  • Groot Parys Lifestyle Estate, Paarl 
    • comprising 172 freehold homes and 100 apartments.
  • La Montagne, Oranjezicht
    • comprising 8 luxury apartments in the city bowl.

Other successful residential developments:

  • The Claremont, Claremont
    • 368 Apartments
  • Soho on Strand, Cape Town CBD
    • 50 Apartments part of a mixed-use development
  • Queensgate, Upper Woodstock
    • 62 Townhouses
  • 145 on Blaauwberg
    • 28 Apartments part of a mixed-use development

Brick ‘n Board Group was established in 1998 and has been successfully constructing and developing in the Residential market.

  • Over 18 Developments, developed and constructed, consisting of 2,750 homes across the Western Cape, stretching from Milnerton through to Stellenbosch, Somerset West, Brackenfell, Ceres and Noordhoek.
  • Brick ‘n Board Group constructed 164 homes in De Wijnlanden and to date 126 homes at Aan de Wijnlanden

Transferring Attorney

De Klerk Van Gend (DKVG)

Development Address

Aan de Wijnlanden Estate,
Gateway St just off the Corner of Baden Powell & Simons Way
Aan de Wijnlanden, Cape Town
South Africa

Click the link to view it on Google Maps:

Key Nearby Locations

  • Meerlust Wine Estate
  • Spier Landgoed
  • Van Ryn’s Distillery & Brandy Cellar
  • Route 44 Market
  • Thirsty Scarecrow
  • Rust & Vrede Wine Estate
  • De Zalze Golf Club
  • Stellenbosch Golf Club
  • Techno Business Park

Estimated Completion Date

Construction is set to begin in April 2024 and estimated to be completed by November 2024.

Does the deposit earn me interest?

The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you until transfer of the land takes place.

Buying off-plan property in Cape Town

  1. Cape Town sees an average annual capital growth of 5-7%, so your property value is growing at roughly 5-7% pa but you are only required to put down 10% of the property value.
  2. This means you are getting growth on the full purchase price of the property and only have to put down a fraction of the price.
  3. If you choose to rent out your property then your tenant is largely paying off your investment property & bond for you.
  4. Your rental income increases every year but bond repayments generally stay the same and in relation to yearly salary and incomes inflating, the bond repayments become relatively cheaper every year.
  5. There is high demand for homes in secure estates around Cape Town, resulting in a secure long-term investment.
  6. The longer it takes to enter the property market the harder it becomes.
  7. Property investment is likely to create long-term sustainable wealth and an ever-increasing annuity income.

Bond pre-qualification and pre-approval

This can be done online by using the BetterBond Bond Indicator. It is a quick process to estimate the approximate amount you could qualify for. This is however NOT a bond approval.

Once my bond is approved, when do I start paying?

Bond repayments will commence once the property has been transferred to your name and the bank has settled the payment to the seller.

Bond registration costs

Bond registration costs are payable on the final bond amount registered.


(R2.2 million property less 10% deposit)
R1,980,000 Approved Bond
Bond registration cost on R1,980,000
Total Bond cost R41,427

What are the transfer fees?

There are no transfer fees payable, this is for the account of the Seller/Developer

Transfer duties

There is no transfer duty payable. The seller is registered for VAT so there will be no transfer duty payable.

What do the levies include?

The levies are estimated to cost approximately R1,450 p/m and will cover the following:

  • Security;
  • Upkeeping of Public Open Space and estate;
  • General lighting;
  • Insurance & Maintenance of infrastructure;
  • Access to Clubhouse, Swimming pool & Tennis court (Additional costs for gym usage).


Monthly rates are based on the value of the property and are calculated based on the value of the property less R435,000 and then multiplied by 0.006273 to get your yearly rates. Divide this by 12 to get your monthly rates.


(R2.2 million property – R435,000)
R1,765,000 x 0.006273 = R11 072 per annum
This equates to R923 per month

When will we be able to move in/find a tenant?

Once the construction is complete and the occupancy certificate issued it will be ready for occupation. The demand for long-term rental accommodation is strong and the Developer can assist in obtaining a tenant and managing the property on your behalf.

Section 13Sex Tax Incentive

Investors can access powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme enables any taxpayer who owns five or more new, residential rental units, to claim up to 55% of the purchase price as a tax deduction.


  • Purchase five units at a total purchase price of R11 473 400
  • Deemed purchase price = R6 310 370 (55% of final purchase price)
  • 5% of the deemed price may be used as a tax deduction per year

This works out to a tax deduction (tax write-off) of R315 518 per year for 20 years.

Total tax write-off = R6 310 370 (over 20 years).

Taxpayer Criteria for Section 13Sex:

  • The taxpayer must own at least 5 residential units. The deal kicks in once the buyer takes ownership of their 5th new unit. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation with the exclusion of structures used for business purposes, for example, hotels.
  • All units must be situated in South Africa.
  • Residential units must have been purchased new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
  • The units must be used solely for the purpose of trade (i.e. residential letting). This prevents housing claims for personal use.
  • Please consult your tax advisor for further clarification and information.

Pre-paid electricity

Each unit will have an independent electricity meter.

Water supply

Water will be paid in arrears and will be billed and metered on specific home usage.

Rental policy

Standard rental period options are 12 and 24 months. No rentals under a period of 6 months will be permitted by the H.O.A.

Security features

  • The steel vehicle gates are fitted with biometric access.
  • On the development perimeter, 6-Strand Electric fence fitted to the top of all complex perimeter walls, fences and gates where applicable.


Air-conditioning can be added as an optional extra.

Swimming pool

A swimming pool can be added as an optional extra on certain stands.

Backup power solutions

Backup power solutions such as solar and inverters can be added as an optional extra. All homes will be solar and inverter-ready.

High-speed Wi-Fi

There will be a fibre point allocated to each home.

Parking info

Each home has a garage and a driveway

Pet Policy

Pets will be allowed.

Contact our development expert
Rika Gemmeken
Development Expert
How can we help?