Aug
2017
The suburb of Protea Glen was established in 1990 as a
middle-class residential suburb. Needless to say, the suburb is still expanding
due to demand from the middle-class consumers wanting to reside close to
schools, malls, and entertainment venues, industrial and commercial hubs.
One can also see from the general more modern architecture
of homes that the suburb is still young which will attract the younger
generation. The architecture ranges from more conventional to the current
Tuscan designs
The middle-class property market is a segment that is and
will always be a favoured market as it makes up a large portion of the entire
property market in Gauteng.
Protea Glen is also the perfect suburb for first-time buyers
in the middle-class sector as the properties are affordable, bonds are readily
available and the architecture goes a long way in resale demand.
The suburb has expanded to the point where it now has a
number of its own extensions which is a good indication of demand and growth in
the property value in the suburb as a whole.
Vacant stands offer the opportunity for investor developers
to add value to the suburb and job creation.
The close proximity to industrial hubs which make up a
sizeable portion of the household income of Protea Glen residents are
industrial hubs like Devland, Protea Industrial Park, Aeroton and Robertsham
means Protea Glen is in a prime location. Then the remainder are employed in
the commercial sector in Jo’burg CBD, Rosettenville, Southdale and Booysens.
Major roads connecting to the various commercial and industrial
hubs are the N12 and N1.
The schools catering for educational needs are Basa Primary
School, Itemogele Primary School, St Matthews School and Naledi High School.
Malls catering for retail and entertainment needs are Protea
Glen Mall which open its doors for trading in 2012, Jabulani Mall, Maponya Mall
and Bara Mall.
