Building Costs Per Square Metre in Western Cape Province, South Africa

Building Costs Per Square Metre in Western Cape Province, South Africa

The Western Cape province of South Africa has 6 districts if you include the City of Cape Town, and 24 local municipalities. The Western Cape is an ideal region for building a luxury, exclusive or exceptional home due to its coast which provides a picturesque scene and high market value. There are some of the world’s most beautiful villas and mansions in this coastal region. Building an upper class home in the Western Cape tends to be more expensive than building the same home in other regions of South Africa. The only other province with comparable building rates is KZN (KwaZulu Natal), which is also a coastal region. However, we shall look at the average cost of building different types residences, commercial properties and industrial buildings without separating them into quality classes (i.e. architectural and material specifications). If you need the cost of building luxury, middle class, standard and economic houses, visit the AECOM South Africa report.

Average Regional Building Costs Per Square Metre in the Western Cape Province  – Residential Buildings

Buildings reported as completed to larger municipalities at current prices by type of building:

Across all major municipalities in the Western Cape Province, the STATSSA average building cost per square m2 for different types of buildings based on finished projects / completed buildings is as follows:

Regional Building Costs Per Square Metre in the Western Cape Province 2021 COMPLETED PROJECTS

Regional Building Costs Per Square Metre in the Western Cape Province 2021 COMPLETED PROJECTS

Residential Buildings:

Dwellings < 80m2

The number of newly built single family dwellings smaller than 80m2 in gross floor area was 90 in January and 278 in December of the year 2020 respectively. The first quarter of 2021 registered 127 newly completed residential dwellings of this size, which was an increase of 41.1%.

The national aggregate gross floor area of these dwellings was 4,424m2 in January and 13,180m2 in December of the year 2020 respectively. The first quarter of 2021 registered a total gross floor of 5,394 square metres, which was an increase of 21.9%.

The total estimated valuation of completed projects was R24,953,000 in January and R77,969,000 in December of the year 2020 respectively. The first quarter of 2021 registered a total valuation of R31,275,000 which was an increase of 25.3%.

From this data, the building cost per m2 for completed dwellings < 80m2 is:

As at December 2020 – R5,916 per m2

As at March 2021 – R5,798 per m2

Dwellings > 80m2

The number of newly built single family dwellings greater than 80m2 in gross floor area was 154 in January and 203 in December of the year 2020 respectively. The first quarter of 2021 registered 110 newly completed residential dwellings of this size, which was a decrease of -28.6%.

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