The Southern Africa Student Housing & Sustainability Summit 2016 will be held on October 26 to 28 at the Southern Sun, OR Tambo International Airport, Johannesburg.
According to the Department of Higher Education’s Ministerial Review of South African University accommodation, less than 10% of first-year students can be accommodated. Out of a student population of 530 000, there is currently only enough student accommodation for 100 000 students – this barely meets 18% of the demand.
After monitoring and evaluation, the Review report made a number of recommendations, including that student housing should provide for 50% to 80% of students. It projected that by this year the bed shortage would be 216 000. Moreover, by 2030, to meet the enrolment targets set out in the Post-School Education and Training policy and the National Development Plan, an extra 400 000 beds would be needed. That, in essence, is the size and nature of the challenge for universities. The question is who and how is this going to be paid for?
With enrolment increasing year to year, the demand for student accommodation far outweighs supply and therefore, this opens excellent investment opportunities available in this market.
The aim of the conference is to discuss the various financing models available for student housing properties, construction challenges tied to these types of buildings and issues to consider when upgrading student housing.
The summit presents an opportunity to look at the need for affordable student housing as the panel of speakers will address the challenges of the industry head on and deliver a wealth of timely, practical useful information. The Southern Africa Student Housing and Sustainability Summit 2016 will bring together decision makers from Higher Education, banking, construction, investment banking, property and social development sector
For further information about the Southern Africa Student Housing & Sustainability Summit 2016 contact +27 (0) 11 314 1000 or go to www.amc-intsa.com