
The Southern Farms Mega City Project involves the development of a large-scale, integrated urban township, encompassing seven precincts, offering a diverse array of housing typologies, including multi-storey fully subsidised units and partially subsidised bonded units, single-storey partially subsidised bonded units and fully bonded units, and non-residential properties. With over 43,000 residential units planned to be built, they will be accompanied by non-residential facilities like commercial, industrial, and institutional spaces located in Johannesburg, South Africa. The project focus on addressing the city's pressing housing crisis driven by rapid urbanization, the initiative aims to create diverse and inclusive communities while alleviating housing shortages and is expected to generate significant economic, social, and environmental benefits by improving access to adequate housing, reducing informal settlements, and creating a balanced urban environment.
A comprehensive cost-benefit analysis was conducted in line with international good practices, assessing the project’s financial viability and economic impact, distributional impacts, and fiscal implications. The analysis included detailed demand forecasts, cost estimates, and risk-adjusted sensitivity scenarios to ensure robust decision-making support for esteemed project sponsors and the Infrastructure Fund team at the Development Bank of Southern Africa (DBSA).