["International Journal of Urban and Regional Research, EarlyView. ", "\nAbstract\nAfrica is recognized as the final frontier for urbanization and capitalism. Following a long wave of massive loans to promote state‐led developments, small private foreign and local developers are transforming the urban landscape on the outskirts of Luanda, forging partnerships with Angola's national and local governments and developing an emerging real estate sector in the country. Therefore, private‐led investments can also reflect the development of capitalism in African countries, now manifested through the production of commodified housing. This article develops the concept of the ‘real estate frontier’ and examines its ‘territorialization’ by illustrating the constrained and inherent aspects of these processes. By analyzing the emergence of commodified land, labour, capital, the domestic building materials industry and statehood, along with a study of three new housing developments led by Angola‐based Brazilian, Chinese and Angolan firms near Kilamba—the largest satellite city built by Chinese contractors in sub‐Saharan Africa to date—the article contributes to the debate on African contemporary urbanization both theoretically and empirically.\n"]