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Project Portfolio · Cape Town, South Africa

Dunoon Affordable Housing Concept

A proposed high-density development designed to deliver dignified, safe and affordable urban housing for working families and communities in Dunoon.

500 Residential UnitsAffordable HousingHigh Social Impact
Dunoon Affordable Housing logo

Project at a Glance

A compact urban housing concept with scalable impact

The concept proposes a ten-storey, modular residential building on a prominent corner site at Furlong Drive and Potsdam Road in Dunoon, Cape Town.

500Proposed residential units
10Proposed storeys
24 m²Indicative average unit size
±12,000 m²Estimated gross lettable area
±1,800Potential beneficiaries

Development Concept

Efficient design focused on affordability and dignity

The current concept is based on approximately 50 units per floor across ten storeys. Indicative units provide an open-plan living and sleeping area, kitchenette, private bathroom and built-in storage.

Ground-floor communal facilities are expected to include an entrance lobby, administration space, laundry, multi-purpose room and service areas. The concept also anticipates stairs and lifts for universal access and safety compliance, together with durable, low-maintenance materials and energy- and water-efficient systems.

Modular and standardised design principles are proposed to support construction speed and cost control. The final configuration remains subject to zoning confirmation, feasibility work, technical design and statutory approvals.

Project facts

LocationCorner of Furlong Drive and Potsdam Road, Dunoon
Indicative site areaApproximately 7,000 m²
Development stageEarly-stage concept
Proposed density500 units in a ten-storey scheme
Target outcomeSafe, affordable homes in an established urban area

Investment Rationale

Addressing housing demand through efficient land use

01

Urgent Housing Need

The concept responds to the demand for affordable urban accommodation for working households and the wider Dunoon community.

02

High-Density Land Use

A vertical development model is intended to maximise the social value generated by a constrained urban site.

03

Accessible Location

The site is described as having strong road access and proximity to public transport, schools, amenities and employment hubs.

04

Efficient Delivery

Modular design, durable materials and efficient systems are intended to support cost control and sustainable operations.

05

Economic Impact

The summary anticipates approximately 250 construction jobs as well as longer-term operational employment.

06

Partnership Potential

A public-private structure could combine development expertise and private capital with public-sector facilitation or support.

Developer Pre-sales CommitmentThe developer will commit to the pre-sale of housing units as part of the commercial strategy, helping to demonstrate market demand and support the project financing process.

Preliminary Development Budget

Indicative cost estimate

The project summary presents the following early-stage estimate. All amounts require validation through detailed design, quantity surveying, procurement and due diligence.

Cost itemEstimate
Building constructionR108.0m
Professional fees and approvalsR7.5m
Engineering and servicesR6.5m
Site works and external worksR8.0m
ContingencyR7.0m
Project management and other costsR5.0m
Preliminary estimated development cost±R142.0m

Indicative funding requirement

Up to R150 million

The proposed all-in project budget provides headroom above the preliminary cost estimate.

The developer will support the funding strategy through a commitment to pre-sales of housing units.

Potential capital sources identified in the summary include:

  • Equity and impact investment
  • Grants or development-finance participation
  • Concessional or blended debt
  • Potential government incentives or subsidies
Important: The figures above are concept-stage estimates and do not constitute a confirmed construction price, valuation, financing offer or investment return. The scope, timing and conditions of the proposed pre-sales programme remain to be defined.

Proposed Partnership Model

Bringing public objectives and private delivery together

The concept proposes exploring a public-private partnership with the City of Cape Town and/or the Western Cape Government. No government commitment is implied by the project summary.

01

Municipal Role

Potential land or infrastructure support, expedited processes, access to applicable housing programmes and community allocation support.

02

Provincial Role

Potential programme access, policy facilitation and consideration of available grants, subsidies or related support mechanisms.

03

Private-Sector Role

Project development, funding, construction, operational management and arrangements for long-term maintenance.

Development Roadmap

From concept to an investable housing project

1. ConfirmVerify land position, zoning, planning context and development rights.
2. Design & ValidateComplete feasibility, architecture, engineering, costing and impact assessment.
3. Structure, Pre-sell & FundDefine the delivery vehicle, launch the pre-sales strategy and structure the required capital.
4. Build & OperateSecure approvals, procure construction and establish sustainable operations.

Investment and Development Opportunity

Help advance an affordable housing concept with measurable social impact

The project is seeking discussions with housing developers, impact investors, development-finance institutions, blended-finance partners and relevant public-sector stakeholders.

Request the project information package

Contact The Firm Factory to discuss strategic fit and the due-diligence information required for the next development phase.

Request Information
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