FAQS & Features
Quorum Holdings specialise in developing new real estate and rejuvenating neglected property assets to create out-of-the-ordinary office, retail, residential and industrial spaces across South Africa. They pride themselves in their ability to problem solve where others can’t, allowing them to develop high yielding assets in niche market areas. They are committed to the high density development of best use accommodation, because densification is both sustainable and promotes accessibility and growth in previously exclusive nodes.
Fasian DesignLab is based in Johannesburg with the vision is to create architecture that embodies contemporary and modernist ideas and influences. They design architecture that is simple, minimalistic and elegant and has a distinguishable presence within its surrounding built environment and context. The Dawn delivers luxury, exclusivity and privacy in the City of Jacarandas. This modern array of stylish homes blends contemporary architecture with practical family living, located in the heart of leafy Lynwood.
Supa Cubed has been involved in over 300 prestigious construction projects ranging from the conversion of Multi Storey inner city Commercial buildings to Residential units, upgrading of Multi Storey residential units, Shopping Centres, Motor Vehicle dealerships, Industrial Warehousing including automated plant upgrades and Residential developments.
M.C. van der Berg Incorporated is a well–established law firm specialising in conveyancing and property law since 1999. They are a dynamic and positive team who believe that ‘people matter’. They strive to provide you with exceptional service focused on your needs.
At Ooba, an expert will guide you through the bond process or you can do it yourself if you prefer. Ooba gets all the major banks to give you their best rates. Ooba gives you the best chance of getting your home loan approved.
479 Dawn Road, Lynnwood, Pretoria
Click the link to view it on Google Maps
https://maps.app.goo.gl/YJsM6dbqn6bFBGAQ8
Bond repayments will commence once the property has been transferred to your name and the bank has settled the payment to the seller.
Bond costs are payable at the time that the bond registers, once the development is complete.
There is no transfer duty payable but there are transfer fees (attorney costs).
The seller is registered for VAT so there will be no transfer duty but only transfer costs payable.
To calculate the transfer costs you can click on the below link:
https://www.ooba.co.za/home-loan/transfer-cost-calculator/
NB: Please select ‘yes’ when it asks if the seller is registered for VAT.
Levies are determined in terms of sectional title and exclusive use areas of the apartments and associated parking and storerooms as applicable. Levies are calculated at a standard rate to be determined.
They cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building, building insurance, all running and management costs.
Monthly rates are based on the value of the property and are calculated based on the value of the property and then multiplied by 0.006344 to get your yearly rates. Divide this by 12 to get your monthly rates.
Example:
(R2,299 million property)
R3,790,000 x 0.006344 = R14 584 per annum
This equates to R1 215 per month
No hidden costs. VAT inclusive, no transfer duty. Rates, taxes and CID will be payable.
The contract price is the price the client will pay for the property. You must be aware that there is occupational interest due from the date you take occupation until you take ownership (when transfer takes place).
The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable prior to registration of your bond once you take transfer of your unit. Transfer costs at this point will also be applicable but these costs are largely offset by the interest that you earn on your deposit during the construction period.
After the completion of the development, the transfer process will commence. Occupation will be given as soon as an occupation certificate is in hand and you will be able to occupy or rent out your apartment from the date of occupation which is currently planned for 1 September 2024.
Investors have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme enables any taxpayer who owns five or more new, residential rental units (do not all have to be from the same development), to claim up to 55% of the purchase price as a tax deduction.
Example:
- Purchase five units at a total purchase price of R19 868 075
- Minus the launch discount = R1 000 000 (R200 000 per unit, if purchased on launch)
- Final purchase price = R18 868 075
- Deemed purchase price = R10 377 441 (55% of final purchase price)
- 5% of the deemed price may be used as a tax deduction per year
This works out to a tax deduction (tax write-off) of R518 872 per year for 20 years.
Total tax write-off = R10 377 441 (over 20 years).
Taxpayer Criteria for Section 13Sex:
- The taxpayer must own at least 5 residential units. The deal is recognised once the buyer takes ownership of their 5th new unit. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation with the exclusion of structures used for business purposes, for example, hotels.
- All units must be situated in South Africa.
- Residential units must have been purchased new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
- The units must be used solely for the purpose of trade (i.e. residential letting). This prevents housing claims for personal use.
- Please consult your tax advisor for further clarification and information.
Water supply and domestic storage
Instant hot water geysers per unit.
Security features
The complex features perimeter security and CCTV cameras to keep you and your loved ones feeling safe and secure.
Access Control
There will be access control to enter the premises by means of an electronic gate.
Parking
Each unit includes a secure parking bay.
3 bedrooms come standard with 2 parking bays, other unit types include one parking bay, at a mandatory cost of R15000 per bay (once-off cost)
Backup power solutions
In-unit battery operated inverter available as an Optional Extra. Price to be confirmed.
High-speed Wi-Fi
High-speed fibre to each unit ensures that residents have reliable internet in their apartments, the router will be for the owner/resident’s account. The owner/resident will need to contact their preferred service provider to activate their connection.
Pet Policy (cats and dogs*)
Apartments smaller than 50 sqm are limited to 1 pet per apartment.
Apartments 50 sqm or more are limited to 2 pets per apartment.
*Subject to Body Corporate approval
Quorum Holdings specialise in developing new real estate and rejuvenating neglected property assets to create out-of-the-ordinary office, retail, residential and industrial spaces across South Africa. They pride themselves in their ability to problem solve where others can’t, allowing them to develop high yielding assets in niche market areas. They are committed to the high density development of best use accommodation, because densification is both sustainable and promotes accessibility and growth in previously exclusive nodes.
Fasian DesignLab is based in Johannesburg with the vision is to create architecture that embodies contemporary and modernist ideas and influences. They design architecture that is simple, minimalistic and elegant and has a distinguishable presence within its surrounding built environment and context. The Dawn delivers luxury, exclusivity and privacy in the City of Jacarandas. This modern array of stylish homes blends contemporary architecture with practical family living, located in the heart of leafy Lynwood.
Supa Cubed has been involved in over 300 prestigious construction projects ranging from the conversion of Multi Storey inner city Commercial buildings to Residential units, upgrading of Multi Storey residential units, Shopping Centres, Motor Vehicle dealerships, Industrial Warehousing including automated plant upgrades and Residential developments.
M.C. van der Berg Incorporated is a well–established law firm specialising in conveyancing and property law since 1999. They are a dynamic and positive team who believe that ‘people matter’. They strive to provide you with exceptional service focused on your needs.
At Ooba, an expert will guide you through the bond process or you can do it yourself if you prefer. Ooba gets all the major banks to give you their best rates. Ooba gives you the best chance of getting your home loan approved.
479 Dawn Road, Lynnwood, Pretoria
Click the link to view it on Google Maps
https://maps.app.goo.gl/YJsM6dbqn6bFBGAQ8
31 August 2024
To guide you through the sales platform visit the interactive price list: sales.the-dawn.co.za
The Interactive Price List
- You will be able to view and browse all the available units by visiting the user-friendly interactive price list
- Here you can easily browse the available units and use the filters and sort function to narrow down your search.
- On each unit the layout, all costs and expected rentals are shown.
- Once you have made your choice, you can reserve your preferred unit/s.
Your Shortlist
Simply click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the Shortlist.
- All reservations will happen online via the interactive price list.
- Register and log in to https://sales.the-dawn.co.za/ to reserve your unit.
- You will be able to secure your preferred unit/s by pressing the green reserve button, following the steps and paying the R5,000 reservation deposit.
- You will then receive an email from our team with the Agreement of Sale for you to sign and return to us within 48 hours.
Please note:
- Whilst we have put everything in place to prevent double bookings, sometimes these do happen. So in the unlikely event that the unit you have reserved was also reserved by another buyer, then the unit will be allocated to the buyer who paid their reservation deposit first (this is recorded by timestamp).
- Should the second buyer not find a suitable replacement the reservation deposit will be refunded. We apologise for any inconvenience this may cause.
Please note:
- There is a possibility of load-shedding during the sales launch and therefore, we urge you to make provisions for this and to make sure you have access to reliable Wi-Fi at 1pm.
- Whilst we have put everything in place to prevent double bookings, sometimes these do happen. So in the unlikely event that the unit you have reserved was also reserved by another buyer, then the unit will be allocated to the buyer who paid their reservation deposit first (this is recorded by timestamp).
- Should the second buyer not find a suitable replacement the reservation deposit will be refunded. We apologise for any inconvenience this may cause.
All reservations will happen online via the interactive price list.
The below list outlines the steps you’ll need to be familiar with in order to have the best chance of securing the unit you want to purchase.
- Register and log in to https://sales.the-dawn.co.za/ to reserve your unit.
- Click the GREEN RESERVE button on your selected unit to start the process.
- Complete the form and accept the terms: Click CONTINUE
- Your reservation will now move to the pending state where you have 10 minutes to make payment of the R5,000 reservation deposit.
- You may then pay your R5,000 reservation deposit via the following methods:
– Visa or Mastercard
– Instant EFT via OZOW
– Masterpass
– Snapscan - Once the R5,000 deposit is concluded, your unit will be reserved!*
- You will then receive an email from our team confirming your reservation.
Next steps:
- The Agreement of Sale will be sent to you via email, this will need to be signed and returned to us within 48 hours from receiving it.
- The full deposit required is 10% of the purchase price within 7 days of purchasing the unit.
- The balance (90%) will need to be secured within 21 days by either a bond approval, bank guarantee, or cash.
- We will also accept a 30% deposit with the balance payable 60 days prior to the transfer.
Yes, the deal is subject to your bond being approved and should it not be approved, the deposit is paid back to you within 14 business days. If you are unsure if you can afford the bond, it is a good idea to get pre-qualified prior to applying, we suggest you contact Ooba. Ooba gets all the major banks to give you their best rates, and gives you the best chance of getting your home loan approved. Get pre-approval – OOBA
Bond repayments will commence once the property has been transferred to your name and the bank has settled the payment to the seller.
Bond costs are payable at the time that the bond registers, once the development is complete.
There is no transfer duty payable but there are transfer fees (attorney costs).
The seller is registered for VAT so there will be no transfer duty but only transfer costs payable.
To calculate the transfer costs you can click on the below link:
https://www.ooba.co.za/home-loan/transfer-cost-calculator/
NB: Please select ‘yes’ when it asks if the seller is registered for VAT.
Levies are determined in terms of sectional title and exclusive use areas of the apartments and associated parking and storerooms as applicable. Levies are calculated at a standard rate to be determined.
They cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building, building insurance, all running and management costs.
Monthly rates are based on the value of the property and are calculated based on the value of the property and then multiplied by 0.006344 to get your yearly rates. Divide this by 12 to get your monthly rates.
Example:
(R2,299 million property)
R3,790,000 x 0.006344 = R14 584 per annum
This equates to R1 215 per month
No hidden costs. VAT inclusive, no transfer duty. Rates, taxes and CID will be payable.
The contract price is the price the client will pay for the property. You must be aware that there is occupational interest due from the date you take occupation until you take ownership (when transfer takes place).
The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable prior to registration of your bond once you take transfer of your unit. Transfer costs at this point will also be applicable but these costs are largely offset by the interest that you earn on your deposit during the construction period.
After the completion of the development, the transfer process will commence. Occupation will be given as soon as an occupation certificate is in hand and you will be able to occupy or rent out your apartment from the date of occupation which is currently planned for 1 September 2024.
Investors have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme enables any taxpayer who owns five or more new, residential rental units (do not all have to be from the same development), to claim up to 55% of the purchase price as a tax deduction.
Example:
- Purchase five units at a total purchase price of R19 868 075
- Minus the launch discount = R1 000 000 (R200 000 per unit, if purchased on launch)
- Final purchase price = R18 868 075
- Deemed purchase price = R10 377 441 (55% of final purchase price)
- 5% of the deemed price may be used as a tax deduction per year
This works out to a tax deduction (tax write-off) of R518 872 per year for 20 years.
Total tax write-off = R10 377 441 (over 20 years).
Taxpayer Criteria for Section 13Sex:
- The taxpayer must own at least 5 residential units. The deal is recognised once the buyer takes ownership of their 5th new unit. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation with the exclusion of structures used for business purposes, for example, hotels.
- All units must be situated in South Africa.
- Residential units must have been purchased new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
- The units must be used solely for the purpose of trade (i.e. residential letting). This prevents housing claims for personal use.
- Please consult your tax advisor for further clarification and information.
Water supply and domestic storage
Instant hot water geysers per unit.
Security features
The complex features perimeter security and CCTV cameras to keep you and your loved ones feeling safe and secure.
Access Control
There will be access control to enter the premises by means of an electronic gate.
Parking
Each unit includes a secure parking bay.
3 bedrooms come standard with 2 parking bays, other unit types include one parking bay, at a mandatory cost of R15000 per bay (once-off cost)
Backup power solutions
In-unit battery operated inverter available as an Optional Extra. Price to be confirmed.
High-speed Wi-Fi
High-speed fibre to each unit ensures that residents have reliable internet in their apartments, the router will be for the owner/resident’s account. The owner/resident will need to contact their preferred service provider to activate their connection.
Pet Policy (cats and dogs*)
Apartments smaller than 50 sqm are limited to 1 pet per apartment.
Apartments 50 sqm or more are limited to 2 pets per apartment.
*Subject to Body Corporate approval