Hashim Amla splurges R12.5 million on luxury Durban penthouse development

Hashim Amla splurges R12.5 million on luxury Durban penthouse development

- Proteas star batsman Hashim Amla has splashed out R12.5 million on a luxury penthouse in Durban

- Amla has reportedly jumped at the opportunity to invest in a luxury property development called the Saxony Sibaya

- The development will see the building of 100 luxury apartments in the sought after Sibaya Coastal Precinct just outside of Durban

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Proteas legend Hashim Amla has invested in a new luxury development just outside of Durban. Amla has splurged R12.5 million on a luxury penthouse at the newly announced Saxony Sibaya development.

Amla has teamed up with the newly announced estate’s developer, Saxony Developments, to introduce the new 100 apartment luxury estate. The estate is located in the sought after Sibaya Coastal Precinct just outside of Durban.

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Once completed the development will feature 100 luxury two and three bedroom apartments and three to four bedroom ultra-luxury penthouses. The estate will be the first of its kind to offer drive-up access to each individual unit.

Briefly.co.za gathered that in addition to buying one of the penthouses Amla is believed to be an investor in the project.

Amla said in his experience the best return on investment prospects were to be had in off-plan residential developments.

Amla hailed the location, natural beauty, security, climate and proximity to all modern amenities as some of the reasons why the development made fantastic financial and lifestyle sense. He said having all those factors in one estate was special.

Sport24.com reported that Amla would not comment on whether the investment meant he was planning a return to the KZN Dolphins cricket franchise. Amla currently plays for the Cape Cobra’s but is still based in Durban and has strong family ties with the city.

Construction is expected to start early in 2019 and the project is expected to be completed and ready for occupation by late 2020.

Amla was consulted throughout the planning process due to his experience with various luxury estates across the globe. According to the developers, Amla’s contribution and insights into what the market wanted had proven invaluable during the planning phase.

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Source: Briefly.co.za

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