An Innovative Approach to Land Disposal

1 min read
l a

On June 29, 2023, the City of Cape Town held an online property auction, where the public had the chance to purchase City-owned land that is not needed for municipal purposes. The auction consisted of 32 properties of various sizes and zoning, including Community, Residential, and Business Residential. This auction was not only an innovative and transparent way of disposing of land but also generated revenue for service delivery throughout the region.

Driving Inclusive Economic Growth

The City of Cape Town’s Mayoral Committee Member for Economic Growth, Alderman James Vos, emphasized the importance of prioritizing underused land parcels for development via a competitive auction process. This approach allows all interested parties to bid equitably for such opportunities. By unlocking the potential of these land parcels, the City aimed to provide better services and amenities to its residents. The revenue generated from these properties will undoubtedly contribute to improving the quality of life for residents throughout the city.

Properties Auctioned Versus Affordable Housing Developments

It is important to note that the properties auctioned should not be confused with land parcels designated for affordable housing developments. Those land parcels are processed separately in terms of feasibility and packaging. Alderman Vos is working closely with the Human Settlements Department and Property Management Department to ensure that these sites are ready for disposal and development for various types of housing schemes required by the City.

Regularly Scheduled Property Sales

The City of Cape Town’s public auction process allows for the regular scheduling of the sale of properties not required for municipal purposes. This approach serves the private sector for home building and development opportunities while enabling private ownership and economic opportunities. By extracting the best value from these properties and maintaining a consistent approach to their processes, the City has demonstrated its commitment to responsible land management.

Leading by Example

The live-streamed auction’s success demonstrates strong support for the City of Cape Town’s efforts to bring land opportunities and better services to its people. By embracing transparent and equitable processes, Cape Town is setting a remarkable example for other cities to follow in their pursuit of inclusive economic growth.

The City of Cape Town’s property auction was an innovative and transparent approach to land disposal. By offering a diverse range of properties and ensuring a fair bidding process, the City has taken a significant step forward in driving inclusive economic growth and maximizing the social and economic value of its underused land parcels.

A Russian-Spanish journalist and Cape Town native, channels his lifelong passion for South Africa into captivating stories for his local blog. With a diverse background and 50 years of rich experiences, Serjio's unique voice resonates with readers seeking to explore Cape Town's vibrant culture. His love for the city shines through in every piece, making Serjio the go-to source for the latest in South African adventures.

Leave a Reply

Your email address will not be published.

Previous Story

South Africa’s Energy Security and Sovereignty: Striding Towards a Just Energy Transition

Next Story

The World Rugby U20 Championship 2023: A Celebration of Youth and Sportsmanship at Athlone Stadium

Latest from Blog

South Africa’s Stalwart Commitment to Nuclear Energy: The Koeberg Extension Project

South Africa’s commitment to nuclear energy is evident in its Koeberg Extension Project. The project aims to extend the life of the Koeberg nuclear power station by 20 years, ensuring the country’s energy future. Koeberg provides 5% of Eskom’s power generation and is a crucial element in South Africa’s energy ecosystem. The project highlights the country’s technical expertise and dedication to developing domestic talent.

A Look at the Western Cape Government’s Digital Transformation Success

The Western Cape Government has won the Public Service Innovation Award at the United Nations Public Service Forum for its CitizenCentric Digital Transformation project. The project aims to improve the living standards of citizens through the use of digital technology and has been successful in creating a citizenfocused digital infrastructure and eliminating the digital divide. The WCG plans to continue to build on its digital infrastructure to further improve public services.

Unveiling South Africa: A Journey Through Its Incredible Road Trips

Explore the wonders of South Africa through seven incredible road trips, each offering a unique perspective into the nation’s charm and allure. From the Garden Route’s balance of nature and adventure, to the Cape Peninsula’s rugged cliffs and iconic landmarks, to the Midlands Meander’s art, history, and gastronomy, there’s something for everyone. Unmask the cultural and natural splendor of the Wild Coast, indulge in worldclass wine along Route 62, and appreciate the undisturbed coastal scenery of the West Coast Way. South Africa awaits, ready to be uncovered and explored.

“The Shakedown”: A Testament to South African Cinema’s Global Impact

“The Shakedown” is a new South African film set to premiere on Amazon Prime Video on August 8. Directed by Ari Kruger, the film boasts an impressive cast and showcases the talent of the South African film industry. It tells the story of Justin Diamond, a medical aid broker who gets caught up in the criminal underworld of Cape Town, leading to a series of thrilling adventures. With its international distribution, “The Shakedown” is a milestone for South African cinema, showcasing the country’s creativity and narrative prowess.

Building an Inclusive Future: The Presidential Budget Vote of 2024

The Presidential Budget Vote of 2024 outlines President Cyril Ramaphosa’s vision for South Africa’s future, with a focus on inclusive growth, job creation, poverty reduction, and ethical, capable, and developmentoriented governance. The government’s strategy involves collaboration and partnership across the public and private sectors, with civic engagement and scientific innovation playing a key role. The Presidency is committed to tackling youth unemployment, genderbased violence and femicide, and implementing initiatives to improve economic and social wellbeing for all South Africans.