Krugersdorp, like many of the suburbs on the West and East Rand, were established as housing suburbs for mine workers. As gold reserves depleted the industries supporting the maintenance of the mines diversified into other fields of the manufacturing industry, thus creating income for residents and keeping suburbs like Monument going. Surrounding mines are still in production, mining gold, coal, asbestos, manganese and iron. These minerals are crucial to the economy of the country.
The suburb of Monument in Krugersdorp is a well-established suburb that falls in the middle-class segment. Being well-established means architecture is a time capsule of design and fashion changes. The older homes are slightly lower priced but still well-priced. The more modern homes priced above the R 1,5 mil mark are an investment. The mixed property usage attracts a broad income demographic to settle down in this tranquil familial suburb.
The prime location of the suburb is a factor to consider as it offers convenient access to all the major industrial nodes in Chamdor, Factoria and Lewisham, and commercial nodes Roodepoort, Constantia Kloof, Bryanston and Fourways.
Apartments and townhouses attract pensioners, first-time buyers and young professionals. The pricing of the segment keeps the sales figures turning over, and freehold homes and clusters established the upper end of the suburbs’ pricing structure.
Numerous schools are servicing the suburb namely Monument Primary School, Hoerskool Monument, UniHigh West Rand Private School and Hoerskool Noordheuwel.
Malls in and near to the suburb are Key West Shopping Mall, Clearwater Mall and Noordheuwel Mall.
The suburb did experience a slight decline in sales like most other suburbs across the country, but all indications show a steady growth once more.
For explorers there are the Sterkfontein Caves, timeless old buildings and the Krugersdorp Game Reserve to visit.