Cape developer breaks ground

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Last week, property development company Horizon Capital Residential handed over its site for The Cedar, to Giuricich, main building contractor for its developments in Oranjezicht, Cape Town. Strict on-site measures have been put in place to ensure a safe working environment for all workers. Set on an old Oranjezicht farm next to The Aster, another Horizon development, The Cedar consists of 18 exclusive units across five storeys. Prices start from R2.495m (including VAT) and no transfer duties apply. One- and two-bedroom residences can be found on the development’s first three floors, whereas the top two floors are taken up by three luxury penthouses with panoramic views of Table Mountain and the City Bowl. Each penthouse has a private roof deck with a pool or a Jacuzzi; the rest of the apartments open up onto terraces with mountain views and enjoy access to a communal pool and Jacuzzi deck area. With sustainability being top priority, The Cedar’s ecofriendly and off-grid features include a generator, solar water heating, waterefficient fittings and lowenergy LED lighting. Basement parking, CCTV, access control and electric fencing ensure convenient, secure living. All apartments come with separate storage pods. The development is shortterm letting friendly, with a fully managed service offering investors the opportunity to achieve attractive rental yields. Limited investment opportunity With the prime lending rate at the historically low level of 7.25%, now is the perfect time to purchase. Horizon Capital Residential offers prospective buyers the chance to own an apartment in The Cedar for a R0 bond instalment for the first 12 months from the date of transfer* or receive a R100,000 furniture voucher from Weylandts*. Visit horizoncapital.co.za for more information. *Ts and Cs apply.