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An inclusionary housing development model which incentivises developers to add a percentage of more affordable apartments to an existing development, targeted at the middle-income market. 

Developers apply to the local city council for additional building rights on their existing development known as a bulk departure. This bulk departure falls within the zoning scheme and is well within the maximum envelope that could be built on the site as defined by the setbacks and height restrictions.

They then allocate this bulk on a 1-for-1 basis, which means that for every square metre of inclusionary housing added, the developer can add a square metre to the original scheme.

As part of the extensive consultation procss which involved input from the local city council, it was suggested that the model should be scalable so that developers should be incentivised to introduce more affordable units into their developments, while improving the overall viability of the project. It was felt that this amendment to the model would act as a stronger incentive than the 80:20 ratio model.

It is the site of Blok’s development where the inclusionary development model will be piloted. It is located at 40 Lion Street, Bo Kaap.

It comprises the original scheme of 54 open-market apartments (already launched for sale) and will use the bulk departure to add:

  • 400 sqm for 11 more affordable apartments and
  • 400 sqm for more open-market apartments

Affordable housing can be defined as housing units which are affordable by the section of society whose income is below the neighbourhood’s median household income or whose income would not qualify the household for finance to apply for the open-market units in a particular development.

It is a form of affordable housing supplied by the private sector to a market whose household income is not sufficient to grant them access to finance or a bond for a particular development on the open market, or where their income range would not give them access to purchase housing in a well-located area within which the development takes place. 

They will be priced at 30-50% lower than the sale value of open-market apartments within the overall development and the development is in a well-located part of Cape Town.

Currently, the average 1 and 2 bedroom prices in the Cape Town CBD require an income range of R70,000 to R150,000 a month to qualify for a bond or loan financing. The more affordable apartments in FORTY ON L will be targeting a combined or household income range of R15,000 to R45,000 per month.

While the prices have not yet been finalised, the apartments’ prices will be between 30-50% lower than the prices of similar open-market apartments in FORTY ON L.

The 1 bedroom apartments will be approximately 35-40 sqm and the 2 bedrooms will be approximately 50-55 sqm.

Yes, a common shared space towards the centre of the development will be accessible to all homeowners and includes a deck, pool, laundry and a gym.

Yes. While they do not finance, design or build the development, the model requires the support and buy-in of the local city council to obtain the additional development rights. It is then the role of the developer to finance/design/build/sell and the participating community in the project to inform the criteria for qualification and provide general support for the development.

This is achieved through a cross-subsidisation where the open-market units in the development subsidise certain costs. i.e. these cots are not allocated to the inclusionary housing units. These costs include the cost of the land, interest costs, holding costs, finance costs and various service fees related to the development such as engineers, architects, planning and more.

They will be sold through an open-draw system, after households have been through a prequalification process with a 3rd party independent financial institution.

The apartments will be made available to first time buyers only, and households will qualify for certain apartments based on their total household income and household size (the number of people living in the household).

Yes, however a restriction on the sale value will apply for a period expected to be between 15 and 20 years. This is done to ensure that these apartments remain within the targeted middle income market, rather than being bought, flipped for profit and ending up in the market-related space.

The design was guided by a Contextual and Urban Fabric Analysis prepared by an independent third party firm. You can download the report here.


Development Coordinator


Job Description

This role in the team is responsible for the effective and efficient end to end process management for all acquisitions and disposals, development compliance oversight as well as liaison with the

brokerage teams from a deal management perspective. This includes the negotiation and execution of deal funding, viability and risk assessment, legal timeline management and related items pertaining

to the onboarding and offloading of assets. The role involves liaison and consultation with the brokerage and development teams and managing the legal processes of development.



1. Property Company Duties

1.1. Investment Management - Acquisitions / Disposals

1.1.1. Collecting and interpreting information required for potential acquisitions, and

presenting the information to the team

1.1.2. Preparation of documents/agreements for acquisitions and disposals

1.1.3. Due diligence analysis of potential acquisitions and development opportunities

1.1.4. Preparation of summarised reports and deal terms for board approval

1.1.5. Managing cross-property analytics as well as deal performance using Blok’s CRM system

1.1.6. Liaising with the asset management team to ensure that properties are insured as they

come on book, and removed once disposed

1.1.7. Any post transfer management as required on an ad hoc basis.

1.2. Funding & Deal Administration

1.2.1. Understanding offers, funding requirements and vetting legal documents

1.2.2. Understanding deal structures and executing where necessary

1.2.3. Administering bond registration for development finance and ensuring compliance with all salient terms and precondition requirements.

1.2.4. Transfer/bond registration timeline monitoring and coordination of all relevant processes including risk identification, liaison with external parties (attorneys, banks) and reporting to the client services, sales, leadership, operations and finance teams

1.3. Reporting

1.3.1. Maintenance and upkeep of department budget and cash flow forecasting in terms of transfers and developments

1.3.2. Project reporting

1.3.3. Property transfer timeline report and identifying risks


2. Projects Company Duties

2.1. Planning Company & Execution Company Duties

2.1.1. Legal, compliance and transfer-based research and development planning in terms of new developments and any implications thereof

2.1.2. Facilitate changes to erven (servitude creation/cancellation/amendment, notarial ties and title deed amendments)

2.1.3. Oversite of all legal regulatory compliance including NHBRC Project registration.

2.1.4. Scheme reconciliation and reporting to Propco (changes to unit sizing, parking bays, communal areas)

2.1.5. Preparation and registration of management and conduct rules of schemes

2.1.6. Identifying project risks and threats

2.1.7. Transfer process management and coordination of all relevant processes and support

2.1.8. Co-ordinating compliance certificates/ insurance for a sectional scheme to be established


3. Brokerage Company Duties

3.1. Consulting with the brokerage team in the negotiation and preparation of agreements if


3.2. Deal tracking – holding the sales team accountable for the usage of the appropriate systems

and reporting on deals to shareholders

3.3. Risk reporting in terms of individual deal and transfer timeline management

3.4. Compiling shareholders sales report

3.5. Facilitation of resales in line with Property Company Terms and Conditions.

3.6. Preparation of legal documentation for project launches, in line with project concept


4. Other

4.1. Digitizing and hard copy filing where necessary

4.2. Maintaining and updating systems and processes

4.3. Any and all ad-hoc items as the company sees fit


Reporting to:

Rahla Schaffer – Investment and Development Manager


Working in a team with:

Development Manager

Property and Projects Team


Qualifications, Qualities and Experience

• Degree in Property Studies, Business Science, Legal/Conveyancing or similar

• Experience minimum 3-4 years, with knowledge of conveyancing a plus

• Excellent written and spoken English communication skills

• Competent in Excel, Outlook and Word (MS Office Suite), and the ability to learn new systems (Sales Force, Teamwork etc.). MDA advantageous.

• Attention to detail & highly organised

• Strong administrative skills and can multitask

• Strong reporting skills

• Proactive approach and excellent problem-solving capabilities

• Positive and professional attitude and appearance

• Demonstrate good time management and teamwork

• The ability to perform and self-manage in a dynamic and fast paced work environment



• R 24,000 – R28,000 per month CTC (experience dependent)

• Cell phone allowance, Laptop

• Medical Aid Contribution

• Company to cover travel related costs at R3,20 per km


In applying for the position, please submit the following:

1. Your updated CV

2. Completed recruitment task for the role

2.1. What interests you in the property market?

2.2. How has your employment history and career journey positioned you as a suitable candidate for this role?

2.3. List of initial questions regarding the company (Blok) and/or job specification



Project & Construction Coordinator 


Job Description

The role entails coordinating and administering elements of the Blok developments primarily during the construction phase until after project handover, as well as focus on aspects of the Principal Agent within the development space to achieve the business and project objectives. This would encompass a variety of key functions being professional and contract oversight together with reporting on construction programs & milestones and project construction financial summaries; site administration, neighbour management and building snag administration.



A. Project Administration, Compliance and Legal

1. Administration, review and selection of professional consultants and management of the contracts thereof

for each project.

2. Main contract & budget oversight with Project Management team & Administering the JBCC docs process

3. Construction Programme development and milestone/critical path review and reporting

4. Administer project insurance, wayleaves and permits (executed by the contractor)

5. Building handover assistance w.r.t communal spaces and building services

6. Compiling Building handover documentation: as-built drawings; Occupancy and Compliance Certificates;

project warranties and manuals; project specification


B. Site Administration

1. Representing Blok as the client on site and fulfilling principle agent duties

2. Attending site meetings, taking minutes, updating & circulating minutes after each meeting

3. Assisting with Building Methodology and Strategies

4. Continuous Main Contractor performance coordination w.r.t the project programme and ensuring

Blok’s deadlines are maintained by the contractors / sub-contractors

5. Construction & Critical Path Risk Analysis per project

6. Continuous professional consultant performance and RFI coordination

7. Building Snag & Post transfer construction management:

a) Assist in building and apartment pre-handover snag rectification & coordination

b) Assist in building snag rectification & coordination after handover

c) Reporting on snag progress


C. Operational Performance Review

1. Performance manage project efficiency throughout the project

2. Informing the Projects and Finance Team of any budget or programme variances

3. Assisting with budget related decision making


D. Reporting Requirements

1. Monthly Budget, Spend- to-Date and Contract Performance

2. Professional consultant RFI performance reporting

3. Construction programme / milestone / critical path reporting

4. Weekly task reporting


E. Other

1. Digitizing and hard copy filing where necessary

2. Any and all ad-hoc items as the company sees fit

3. Preparation of any presentations required


Qualifications | Requirements

• Construction Studies degree and/or Quantity Surveying degree

• Minimum 2 years industry and/or site experience with strong construction knowledge

• Good financial and analytical skills

• Good at working on tight deadlines in a high pressure environment

• Positive attitude & good communication skills

• Team player attitude and eager to learn

• Software: MS Office Suite; good at learning new systems and applications (SnagR, Teamwork etc.)

• Good at planning, organizing & administration with strong attention to detail



• R22 000 – R26 000 per month CTC (experience dependant)

• Discovery Medical Aid Contribution (after successful completion of probation)

• Monthly cellular contribution (after successful completion of probation)

• Company to cover travel related costs

• Company laptop

• Any other expenses to be approved and reimbursed on an ad hoc basis


Reporting to: Mias de Vries (Development Projects Manager) & Jacques van Embden (Managing Director)


The following application documents must be sent to

• Your updated CV

• Motivational cover letter including answering the following questions:

1. What interests you in the property market?

2. Why are you looking at moving from your current employer?

3. What is your current notice period?

4. What management style would best be suited to yourself?

5. Why you would like to work for Blok?

6. Why you are suited for this role specifically?

7. Can we contact your provided references before scheduling an interview?

8. List of initial questions regarding the company (Blok) and/or job specification