Real estate companies Attacq and Tricolt Group have broken ground on Aspire Waterfall City, the precinct’s new R624-million luxury residential development.

Launched a year ago, buyer demand for the 217 luxury apartments and penthouses has been strong, with more than 76% sold, the companies say.

With construction expected to take about 22 months, the development is due for completion during the second quarter of 2028.

Aspire Waterfall City offers residents access to a mixed-use precinct.

“Aspire’s unique location – positioned within an iconic smart city with a complete offering of residential, business, leisure and relaxation destinations, and directly connected to the Mall of Africa – has been one of the development’s strongest selling points, appealing to both end-users seeking a convenient lock-up-and-go lifestyle and investors looking for long-term capital growth and rental demand.

“This demonstrates continued demand for high-quality, well-located residential opportunities,” says Attacq development executive David Oosthuizen.  

Residents can access amenities including a restaurant, pool with bar, fire pits and bomas.

The development also offers short-term letting through approved operators creating an opportunity for investors.

“The success of neighbouring developments such as Ellipse has demonstrated the strength of this model, with short-term letting proving highly successful in delivering compelling returns on investment within the Waterfall City precinct,” Oosthuizen avers.

The development has attracted a notable number of repeat buyers.

"Aspire Waterfall City is the kind of development we hoped to attract into Waterfall City when we began shaping this precinct. The market response confirms what we have always known – that people want more than proximity to amenities; they want genuine connectivity.

“Attacq’s role has been to build that infrastructure and the confidence around it, and it is rewarding to see Attacq and Tricolt deliver a product that buyers are responding to at this scale,” Oosthuizen avers.

“We are proud to see Aspire Waterfall City break ground. For us, Aspire represents the essence of what we believe great residential developments should deliver: enduring investment value, considered style, and an exceptional lived experience,” says Tricolt Group chairperson Tim Kloeck.  

“We’ve created a lifestyle that is both convenient and future-focused. The strong market response, particularly from repeat buyers, is a powerful endorsement of the trust buyers place in our brand and the long-term value they see in this development,” he adds.