Mayco greenlights Rondebosch East land release for mixed-use development [SOUND]

# Cape Town mayor Geordin Hill-Lewis says the metro’s mayoral committee has given the go-ahead for the land release for a mixed-use development in Rondebosch East. The site is made up of several vacant plots of land with a desktop valuation of 155-million-rand. Hill-Lewis says new city guidelines further enable the discounting of the land sale price to help developers viably maximise affordable housing yield: