City of Cape Town make tenders of R125.6m available for housing

THE City of Cape Town has issued four new land-release tenders with a combined estimated value of about R125.6 million (excluding VAT) for affordable, residential-led mixed-use developments on well-located parcels of land in Brackenfell, Ottery and Lansdowne.

- BY VOICE REPORTER

LAND: New land-release tenders have been issued

The tenders form part of the City's affordable housing programme and aimed at attracting private-sector partners to develop investment-ready sites close to amenities and public transport.

The City said all due process and public participation requirements would continue to be followed where required.

The programme is driven by public-private partnerships, with City-owned land packaged and de-risked to encourage market participation while expanding access to affordable housing.