BUILDING BOOM

Hokitika Guardian, 9 November 1936, Page 8

BUILDING BOOM

JOHANNESBURG REACHES PEAK. JOHANNESBURG, ; November 3. The remarkable building boom in Johannesburg has reached a new peak. Within the first two and a half months; of the new financial year buildmg plans to the value of no less than.£2,OOJ,(jOO have been passed. This figure is almost £500,000 above the previous highest figure for, any two consecutive months. In; July the new monthly record of £945,900 was established, f' Authorities on the pro-' pertyVmarlket- Confidently predict that even this remarkable record, never before attained.'in the history not only

ofs Johannesburg, but also of the rest ■of , the Union,!; will be broken within the next few months, and that a new yearly record of over £10,000,000 should be reached by the end of the present financial year. The greatest activity is in the erection of new blocks of flats in' all parts of the city and suburbs. Plans have been passed for 27 new blocks of flats at a total value of £250,000. Yet these flgts represent only a sma)l t fraction of the large total of flats put up' in Johannesburg >k|rtee.' the i beginning ••with© boom in 1933 J and it is stated that in the completion .present programme of flats is sufficient work to keep busy' for at least two years. Among the other buildings forVhicli plans hav ! fi been passed are several big warehouses and blocks of city shops and offices, ; .