LOCATED between the Ohlanga and eMdloti estuaries on KwaZulu-Natal’s north coast, the Sibaya Coastal Precinct has undergone a remarkable transformation over the past decade from sugarcane fields into a thriving investment hub thanks to development experts, Devmco Group. Despite initial doubts due to the lack of development in the node at the time, research by Rainmaker Marketing revealed an impressive growth trajectory within the Sibaya suburb.
Property values have appreciated significantly over the past few years specifically, from 2020 to 2023, the median price within sectional schemes escalated from R2.8 million to R3.93 million, reflecting a capital appreciation of 40% over the period, or approximately 13% per annum – reflecting the immense potential of the Sibaya Coastal Precinct as a flourishing investment destination.
The Devmco Group has played a pivotal role in the success of the Sibaya precinct, developing several residential schemes including Gold Coast Estate, Parc, Oceandune, Pebble Beach, Salta Estate, Mount Cotton and Capri Village – all catering to various markets, including the over 50 retirement segment. Another masterpiece built in 2023 by the Devmco Group – the Marine Walk Shopping Centre situated adjacent to Salta Sibaya, has further contributed to the area’s popularity thanks to its innovative architectural design and curated shopping experience. Plans for the node include family-friendly entertainment facilities, medical and conference facilities, hotels, retail piazzas, green communal areas, a sports complex, and educational institutions.
The Sibaya precinct continues to evolve as a private city that offers control over essential infrastructure, security and amenities. Managed by the Sibaya Precinct Master Management Association (SPMMA), the precinct ensures security and services for public areas, enhancing the overall lifestyle experience for residents. Convenience is key thanks to the precinct’s proximity to shopping centres, business hubs, beaches and recreational facilities, along with easy access to major highways and the King Shaka International Airport.
According to Charles Thompson, director at Devmco Group, the precinct has evolved into a pocket of excellence, attracting property developers keen on substantial returns while catalysing investment and growth throughout the KwaZulu-Natal region. “We are proud to have been the first developers to unlock the potential of the Sibaya node. We believe in long-term planning and have learned valuable lessons along the way, constantly striving to enhance our offerings. Our vision is to create a secure environment where residents can enjoy their surroundings freely. Above all, we prioritise security and envision vibrant communities flourishing between estates. With our privatisation efforts, the entire node will be secured. Having experienced life both here and abroad, I can attest to the irreplaceable quality of life in this area. Over the next 10 years, we’re confident that this vision will come to fruition, making this precinct truly exceptional,” says Thompson.
Beyond its economic appeal, the Sibaya Coastal Precinct has become a leisure and tourism destination, boasting 350 hectares of protected forests, 6.5 kilometres of pristine beachfront, and access to a protected marine conservancy. The Sibaya Conservation Trust is dedicated to preserving the surrounding Coastal Forests and the beaches, with active involvement from the local community and environmentalists, offering guided walking paths that showcase its diverse flora and fauna.
Devmco Realty stands at the forefront of the luxury real estate market as an integral part of the esteemed Devmco Group, backed by a dynamic team boasting extensive expertise in the luxury property sector, particularly along the North Coast of KwaZulu Natal. Devmco Realty has consistently set new benchmarks with record-breaking sale rates in off-plan developments, cementing its reputation as a leader within the real estate industry. The first development built in Sibaya, Ocean Dune stands as a testament to their achievements, with sales totalling a remarkable R850 million in a single night and currently boasting a 95% permanent occupancy rate.
According to Pamela Naidu, director of sales and marketing of Devmco Realty, the Sibaya suburb has become a favoured destination for investors with its idyllic setting on the coast and positive rental income yield. “Owning a high-end apartment within the node presents an ideal holiday accommodation option, offering an established rental or Airbnb solution. We have observed that buyers have been opting for the long-term rental option, with the popular listing being Parc, at Gold Coast Estate, due to family-orientated facilities, pet-friendly and recreational amenities, ” Naidu say
