R 8 000 000 | land property for sale in palm ridge

Development Opportunity – Palm Ridge / Sky City Node This 8.77-hectare agricultural holding is strategically located on the boundary of the established Sky City development in Palm Ridge, Ekurhuleni. The property enjoys excellent exposure with close proximity to Sky City Mall and a neighbouring site earmarked for a hospital. A township establishment application (Palm Ridge Extension 44) has already been lodged, proposing Residential 3 zoning for approximately 378 walk-up residential units, together with a Business 1 component of 2,000 m² GLA that is well suited to a fuel station or convenience retail offering. The site offers a rare opportunity to acquire a well-positioned development parcel in a high-growth residential node. Supporting studies, including a Traffic Impact Study, engineering pre-consultations, and township layout plans, are available. The property remains unproclaimed, with the township process underway. Extent: 8.7707 hectares Current zoning: Agricultural Proposed zoning: Residential 3 (±378 walk-up units) and Business 1 (2,000 m² GLA) Ideal for residential development with supporting commercial / fuel station component Directly adjacent to Sky City development Neighbouring property earmarked for hospital use Close proximity to Sky City Mall Strong surrounding residential demand Township establishment application already submitted Traffic Impact Study and supporting technical reports available