The Paramount Houghton - Premium luxury apartments Houghton

70% SOLD

Welcome to The Paramount Houghton, A luxury, state of the art development brought to you by Blue Titan Investment Group, in partnership with Freehand Studio and Anstey Architects.

Beside the most breathtaking views of Saxonwold from the West Wing, and Houghton from the East Wing, it’s apparent that The Paramount Houghton effortlessly embraces & reflects a certain elegance & sophistication across all 5 stories of the development.

The 92 spaciously designed apartments range from studios, 1, 2 or 3 bed / 3 bath units. These include 16 sort after Corner apartments and 15 unique light filled Penthouses on the 5th Floor, both East & West Wings.

Unparallel 360 degree views is the premium feature for the Penthouses at The Paramount Houghton, and private roof gardens, entertainment areas & Jacuzzi’s are added benefits.

Additional features include double elevators, undercover parking, and world class security around the clock. A concierge, lounge, coffee shop, gym & business center are some of the amenities available to residents.

The Paramount Houghton is the ultimate reflection of discernment & refinement. Construction is well under way and will be completed by late Summer 2022.

If luxury living, in a hotel-styled environment appeals to you, The Paramount Houghton offers unrivalled executive services such as concierge services, long & short-term letting management, on demand laundry & cleaning services and free Wi-Fi.

The Paramount Houghton offers the busy professional a private oasis to escape to and a sound investment opportunity for those looking to supplement their property portfolio.

The Paramount Houghton is luxury living at its best in the tranquil suburb of Houghton Estate. It really is The Only Way to Live!

Who are the developers and what other developments have they completed?

We as Blue Titan Investment Group (Pty) Ltd have been operating for a number of years and together, have accumulated vast management and development expertise. We have a number of successful residential and commercial projects completed by ourselves as the developer and associated entities which include, inter alia:

Villa Rus, Greenstone, 23 high end homes
Fairway Mentions, Boksburg, 100 apartments
St Georges, Teremore, 96 apartments
Forrest Glen, Morehill Glen, 96 apartments
Avalon Boutique Hotel, Boksburg, 78 hotel rooms and apartments
Royal Ridge, Boksburg, 10 exclusive houses
Norkem Manor, Kempton Park, 100 apartments
Villa Bianca Boksburg, 40 free standing homes

Who are the architects and what other projects have they been involved in?

Freehand Studio is a professional Architecture and Landscape Architecture firm established in 2012. They are a small multidisciplinary practice that is passionate about Architecture as well as Landscape Architecture. They believe that spaces inside buildings are interconnected and are just as important as the spaces formed in the landscape. The focus has been on environmentally sensitive quality design projects. The firm has a strong bias towards architecture that is informed and directly responds to the landscape of that context. They are always sensitive to the landscape through their approach to the design and then the implementation. Freehand Studio encourage their clients to inhabit and be part of this design philosophy. A number of residential (and other) projects have been successfully concluded.

What deposit am I required to put down?

No deposit required subject to bank conditions

How long do I have to obtain a bank loan?

You will be required to have a bank approval in principle within 30 days of signature of your agreement.

When will I be required to provide guarantees to the seller?

The balance of the purchase price i.e. the total purchase price less the deposit and the bank loan will need to be secured within 30 days of request in writing from the Seller’s conveyancers.
The bank loan amount must be secured within 30 days of submission of the sectional title plan to the Surveyor General for approval.

When will the seller give transfer of the unit?

All apartments are ready for occupation and transfer. Registration of Transfer usually takes place 1 to 2 months after the Purchase Price has been secured in full either by eft and/or acceptable guarantees, and all necessary documents have been signed at the transferring attorneys.

When can I occupy my unit?

All apartments are ready for occupation! Occupation will be given once:

The Purchase Price has been secured in full
All costs have been paid in full (including estimated occupation interest and levy)
You have signed all necessary documents (including certificate of completion / Letter of Satisfaction, if applicable)

Note: Once the above conditions have been met, occupation may be given before Registration of Transfer. On Registration of Transfer, occupation is given automatically whether you decide to occupy or not

After occupation, what is the procedure if I discover defects?

Within 14 days of occupation, you will be entitled to provide the seller with a snag list and the seller will attend to the rectification of the items on the list no later than 90 days after receiving the list.
For a period of 3 months from the occupation date, the Developer will remedy any latent defects, non-compliance or deviation from the plans and/or specifications.
For a period of 12 months from the practical completion date, the developer will attend to any roof leaks.
For a period of 5 years, the Developer will attend to any structural defects caused by non-compliance or non-adherence to the technical building standards.
Both the developer and main contractor are registered with the NHBRC.

What is the anticipated levy and rates and taxes?

The basic levy currently ranges between R1300 and R3300 based on your unit size. Additional monthly costs include R478.94 for sewerage and R21.00 to R61.00 for Community Scheme Ombud Service (CSOS) levy.
Anticipated levies have been calculated based upon the Participation Quota. The proposed budget is available upon request. Levies are calculated to include the required reserve funds.
Rates and taxes are estimated at the Purchase Price less R300 000, multiplied by a factor of R 0.0087910, divided by 12 (subject to City Of Joburg Municipality calculations from time to time)
A once off water and electricity deposit will be payable.

How many covered parking bays will be allocated to me?

All 1-bedroom units will have 1 bay allocated.
All 2 and 3-bedroom units will have 2 bays allocated.
There are additional bays allocated for visitors.

Will I be required to pay transfer duty and any other costs?

No transfer duty is payable by you. Purchasers will be liable for costs incidental to transfer and bond registration.

Optional Extras

Should you elect to include any of the optional extras on offer, the purchase price shall automatically be increased by the total value of any optional extras selected.

Are there any additional features at The Paramount?

Additional features include executive facilities, hotel styled services, state-of-the-art security,Gym and business centre many building and unit features and various furniture packages. Please contact sales@bluetitangroup.com for details.