Balwin Properties · Waterfall City
Munyaka
Home to South Africa's largest Crystal Lagoon.
- Price from
- R 1 099 000
- Gross yield
- 7.9% gross / 6.1% net
- Projected ROI
- 10.9% p.a. blended
- Completion
- Rolling phases to 2029
Overview
Lifestyle Estate Apartments in Waterfall City, Midrand
Munyaka is built around a 2.5-hectare Crystal Lagoon — the largest in the country — with white sand beaches, a lifestyle centre, restaurant, gym and cycling studio. Apartments are EDGE green-certified, reducing utility costs by up to 30% and appealing directly to young professional and family tenants.
- 2.5 ha Crystal Lagoon with beaches, paddle boards and beach club
- EDGE green certification — up to 30% lower utility costs
- Lifestyle centre with gym, cycling studio, spa and restaurant
- Strongest family rental demand in the Midrand corridor
- Balwin's 5-year structural and 12-month workmanship warranties
Unit schedule
Prices, sizes and returns
| Unit type | Size | Price | Deposit | Monthly bond | Term | Est. rental | ROI |
|---|---|---|---|---|---|---|---|
| Studio | 30 – 36 m² | R 1 099 000 | R 110 000 | R 10 400 | 240 months (20-year bond) | R 8 500 pm | 9.3% gross |
| 1 Bedroom | 45 – 55 m² | R 1 449 000 | R 145 000 | R 13 700 | 240 months (20-year bond) | R 11 500 pm | 9.5% gross |
| 2 Bedroom | 68 – 82 m² | R 2 199 000 | R 220 000 | R 20 800 | 240 months (20-year bond) | R 17 000 pm | 9.3% gross |
| 3 Bedroom | 98 – 118 m² | R 3 299 000 | R 330 000 | R 31 200 | 240 months (20-year bond) | R 24 500 pm | 8.9% gross |
Bond repayments modelled at the current South African prime rate of 11.25% over 20 years. Figures are indicative and subject to bank approval.
Payment plan
Staged developer instalment plan
15% deposit split over the first three months
25% in equal quarterly instalments linked to construction milestones (slab, topping-out, facade)
60% on transfer, bond registration and occupation
Up to 100% bonds available for South African residents; 50% LTV for non-resident buyers
Instalments are interest-free and held in a Section 78(2A) attorney trust account.
Investment analysis
Model your return
- Gross rental yield
- 9.28%
- Net rental yield
- 7.24%
- Net annual income
- R 79 560
- Cash invested
- R 109 900
- Value in 5 years
- R 1 470 710
- 5-yr return on equity
- 700%
Assumes 22% of gross rental absorbed by levies, rates, management and vacancy. Illustrative only — not financial advice.
Gallery
Renders, interiors and site progress
Programme
Construction timeline
- Completed
Land acquisition & rights approved
Complete
- Completed
Bulk earthworks & piling
Complete
- Completed
Basement & podium structure
Complete
- Programmed
Superstructure & topping out
Scheduled
- Programmed
Facade, glazing & fit-out
Scheduled
- Rolling phases to 2029
Practical completion & transfer
Scheduled
Amenities & location
What surrounds the building
Amenities
- 24/7 manned security & biometric access
- Backup power and water infrastructure
- Rooftop infinity pool & sun deck
- Fully equipped fitness studio
- Co-working lounge and boardroom
- Concierge and parcel management
- Fibre-ready throughout
- Secure basement parking
- Landscaped podium gardens
- Pet-friendly policy
Schools
- Curro Waterfall (1 km)
- Reddam House Waterfall (2 km)
- Crawford International (3 km)
Healthcare
- Netcare Waterfall City Hospital (1.5 km)
- Life Carstenhof (7 km)
Retail
- Mall of Africa (1 km)
- Waterfall Corner (2 km)
- Kyalami Corner (6 km)
Transport
- Allandale Road interchange (1 km)
- Midrand Gautrain (5 km)
- N1 Highway (2 km)
FAQs
Common questions
Can foreign nationals buy at Munyaka?
Yes. Non-residents may purchase South African property in their own name. Funds must be introduced through an authorised dealer bank and recorded as foreign capital so proceeds can be repatriated on resale. Non-residents typically qualify for a 50% loan-to-value local bond.
What is payable in addition to the purchase price?
New off-plan developments carry no transfer duty — VAT is included in the listed price. Buyers pay bond registration costs where a bond is raised, plus a first levy contribution and municipal deposit on occupation.
When is occupation expected?
Practical completion and first occupation are programmed for Rolling phases to 2029, subject to the standard construction contract provisions.
Is my deposit protected?
All deposits are held in a Section 78(2A) interest-bearing attorney trust account in the purchaser's favour until transfer, and the development is registered with the NHBRC.
Do you assist with letting after transfer?
Yes. PrimeStone Rentals offers a full letting and management mandate covering tenant placement, compliance and monthly reporting at 8% of gross rental.