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Homes Memorial Parks

Calgro M3 is the developer of choice in selected markets through the consistent delivery of homes, rental units and memorial parks of the highest quality.

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Calgro M3 Developments services the housing market through various business sectors within the market, namely:

Full and sectional title residential units aimed at home owners in the bonded market, outside the Financial Services Charter (FSC).

Income Housing Segment targets

Sales values from R620 001 up to R3 000 000+

Income earners R20 000+

Full and sectional title residential units aimed at home owners in the bonded market regulated by the FSC.

Affordable housing describes open market bonded homes with a sales value deemed ‘affordable’ to those that have a median income of R15,000+ pm.

This sector, where financial institutions provideend-user finance, typically comprises of unit sizes ranging from 40m² 2-bedroom units to 4-bedroom units in excess of 120m² in size, depending on clients' requirements and affordability.

Units in this market segment can be:

  • Freestanding
  • Full title units
  • Sectional title units
  • Multi-storey sectional title apartments.
Income Housing Segment Targets

Sales values from R450 000 to R700 000

Income earners R15 001+

Open Market Rental Housing is a rental option for prospective clients not able to qualify for home loans or who prefer a rental option in lieu of ownership.

Rental Segment targets

Various investment options available

Income earners from R12 500 pm+

Grassroots Affordable Peoples (GAP) Homes cater for people excluded from the subsidised programme, but with incomes too low to qualify for traditional affordable homes.

Units in this market segment can be:

  • Freestanding
  • Full title units
  • Sectional title units
  • Multi-storey sectional title apartments.
Income Housing Segment targets

Up to R450 000 (Subject to change)

Income earners up to R15 000 pm. Then move on to the next market segment depending on income levels.

Finance Linked Individual Subsidy Programme (FLISP).

The product was introduced when the affordability level of R3 500 pm income to qualify for subsidy housing was removed, allowing people previously disqualified based on income, to qualify for a partly subsidised home.

FLISP housing denotes the market earning up to R15 000 pm.

To qualify for the once-off state assisted subsidy, the prospective client will be required to qualify for a bond by one of the major financial institutions.

The subsidy of between R10 000 up to R87 000, depending on monthly income, is subject to certain qualifying criteria as set out by the Department of Human Settlements.

Income Housing Segment targets

No specified amount. Depending on income & loan value granted

Income earners up to R15 000 pm. Then move on to the next market segment depending on income levels.

Social Housing is a rental or co-operative housing option of subsidised rentals owned by Section 21 social housing institutions (SHI’s).

This rental option caters for income earners between R3 500 and R7 500 pm and excludes individual ownership.

(Subsidised Rentals) Segment targets

Provincial and institutional subsidy and private sector funding to the value of R300 000

Income earners below R7 500 pm. Move to the next market segment if monthly earnings exceed R7 500.

The Community Residential Unit (CRU) Programme comprises subsidised rental units owned by the public sector. This rental option caters for income earners between R3 500 and R7 500 pm and excludes individual ownership.

(Subsidised Rentals) Segment targets

Subsidy as per National CRU policy

Income earners below R7 500 pm. Move to the next market segment if monthly earnings exceed R7 500.

In 2004 Cabinet approved the “Comprehensive Plan for the Development of Sustainable Human Settlements”.

Also known as Breaking New Ground (BNG) - as the updated version of the Reconstruction and Development Programme (RDP housing), the policy seeks to refocus attention on the development of sustainable human settlements, rather than just on the delivery of subsidised housing units.

This strategy seeks to alter the housing patterns in the country by integrating communities and placing them closer to areas with economic opportunities.

(Fully Subsidised) Segment targets

Subsidy of the day

Income earners below R3 500 pm. Move to the next market segment if monthly earnings exceed R3 500.