Balwin, a national specialist in developing large-scale sectional title estates for South Africa’s growing low-to-middle income population, continues to equip its apartments with fibre connectivity.
These apartments are designed to appeal to a diverse range of home buyers, including first-time buyers, young professionals, young families, older families, retirees, and buy-to-let investors.
Each apartment features modern fitted kitchens, prepaid water and solar-assisted electricity, eco-friendly fittings and appliances, and is fibre-enabled.
Balwin generates annuity income through its subsidiary, Balwin Fibre, which provides high-speed fibre connectivity to homeowners within its estates.
Today, Balwin announced that continued growth of the Balwin Fibre annuity business with a total client base of 9 324 subscribers representing 72% of total homes installed. A further 1 649 homes were installed in the period with a total of 12 926 homes installed to date.
Plans for 2025
Balwin is planning to expand downstream services for Balwin Fibre by establishing an end-user internet service provider offering through Balwin Connect.
The largest source of annuity revenue is currently from the installation and supply of fibre networks, where Balwin Fibre has grown its subscriber base to more than 12 900 households.
Also read: Balwin Properties Launches World-First Trade-In Programme For Sectional Title Homeowners
Balwin Properties introduces groundbreaking trade-in programmme for homeowners in Gauteng and KwaZulu-Natal, setting a new standard in sectional title homes.
The trade-in programme is known as Balwin Approved.
“We’re very excited about this concept, which enables homeowners to trade in their current Balwin apartment for a new Balwin apartment,” Balwin Chief Executive, Steve Brookes explained.
“Premium motor vehicle brands have been doing this for years, where you can trade in your good quality car for a later model or buy a vehicle with peace of mind because of the manufacturer’s multipoint inspection and backing.
“Balwin Approved works on a similar basis, backed by our trusted brand, in what I believe is a first-of-its-kind concept for sectional title homes.”
