Crystal Lagoons Munyaka Project Set to Strengthen Economy, says South Africa’s President

10 March, 2020 / News

The Miami-based multinational unicorn company, Crystal Lagoons®, recently announced its expansion throughout South Africa, having signed five new real estate projects spotted around the country, including one unique, ultra-luxurious real estate development, known as Munyaka. The project has recently announced its construction phase in a high profile event attended by the nation’s President, Matamela Cyril Ramaphosa, who praised the initiative.

Developed together with leading property developers, Balwin, Munyaka has been breaking records selling over 10% of the units in just four days. The development is set to be a crown jewel in Balwin’s development portfolio, and the second crystalline lagoon powered with Crystal Lagoons technology in South Africa after The Blyde which also saw unprecedented commercial success, receiving various awards from the real estate industry.

Once completed, Munyaka’s amenity is set to be the largest crystalline lagoon in the southern hemisphere, covering an area of approximately seven rugby fields. During the event, President Matamela Cyril Ramaphosa praised the project: “When I did my state of the nation address, I said I dreamt of a city like this one. Steve Brookes (founder and CEO at Balwin Properties) told me my dream would come true. Now I can see this, I am very proud as this project, it’s giving life to the South Africa we want, one that develops its economy through infrastructure. Now I see this project today, this is how you build great communities”.

The five projects will be in Johannesburg, Pretoria, Cape Town and Durban. These large-scale bodies of water provide a tropical paradise to be enjoyed just steps away from home throughout the year, promoting a healthy lifestyle through outdoor life and water sports.

Crystal Lagoons is an American multinational innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that allows the construction and maintenance of unlimited-size clear water lagoons at very low costs.

Watch video on Youtube of Presidential speech and launch event, or read more on EProp