South African citizens eligible to apply for a RDP house must have a total household income of less than R3,500 ($277). But those that earn marginally more face limited options.
“And that is where there is a big gap in the market,” noted Maydew. “Those millions of people that are in an income bracket that should be able to afford a home, but can’t… What they can’t do is get a bond. They can’t necessarily get onto that property ladder because the price is R400,000 or R500,000.”
Kalil added this is the income group that the company is looking to target. “They have just missed the housing subsidy bracket and they can’t afford to buy a R500,000 house or even spend R150,000 to built one. But they can afford to have a R100,000 fully-fitted container home that is delivered in three weeks.”
For R100,000 ($7,910) the company offers bachelor units with a bathroom, shower, kitchenette (sink and two cooking hotplates) and built-in cupboards. They are beautifully finished with windows, flooring, a sliding door, and a variety of different exterior cladding options.
And on the high-end side, a two bedroom home – with a number of additional extras such as an oven with extractor fan – will cost around R180,000 ($14,250)