Millennials in expensive cities, such as New York, London and Hong Kong, have modernised the concept of house sharing into a new trend called co-living, taking non-exiting, unfinished house sharing to upscale, fully furnished hotel-sized living spaces with shared amenities.
After seeing some co-living spaces during a visit to Amsterdam, Hein Ehlers, the CEO of Devmark Property Group, decided to launch a similar development in South Africa.
“Ehlers realised the solution not only rendered housing more affordable to buy and rent, but also addressed millennials’ sense of community, which is enjoying an even higher premium now because of the isolation experienced during the Covid-19 lockdown,” says Dejane Steyl, head of marketing at Devmark Property Group.
The name YUCO was chosen for the development, as acronym for “your urban co-living space.”
Bu hikaye Finweek English dergisinin 9 July 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Finweek English dergisinin 9 July 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
