Cape Town tops in SA’s best sub­urbs list

Clifton heads list of coun­try’s rich­est ar­eas

Weekend Argus (Saturday Edition) - - NEWS - ME­LANIE PETERS and KASHIEFA AJAM

THE CAPE has an as­ton­ish­ing 10 spots on the na­tional top 20 list of the coun­try’s rich­est sub­urbs and ar­eas.

The At­lantic Seaboard, with its beach par­adise Clifton, and Steen­berg Es­tate, a golf es­tate in Tokai, topped the list, ac­cord­ing to re­search by prop­erty data ser­vices provider Light­stone. Other Wester n Cape sub­urbs and ar­eas on the list in­cluded Llan­dudno, Bish­ops Court, Con­stan­tia, Camps Bay, Fres­naye, Swan­swyk Road in Tokai, Pezula Pri­vate Es­tate in Knysna and Fan­court in Ge­orge.

Light­stone com­piled the lists by tak­ing the av­er­age pre­dicted value of prop­er­ties per sub­urb, and cal­cu­lated the av­er­age value to pro­vide the top sub­urbs in the West­ern Cape, Gaut­eng and KwaZu­luNatal, as well as a na­tional list.

Pam Gold­ing Prop­erty’s area man­ager for the At­lantic Seaboard, Basil Mo­raitis, said Net­tle­ton Road was “South Africa’s own lit­tle St Tropez”.

“The street is home to some of the coun­try’s most mag­nif­i­cent tro­phy homes, and its res­i­dents in­clude cap­tains of in­dus­try, celebri­ties and in­ter­na­tional jet­set­ters.”

He said the street had some of the most up­mar­ket and ex­pen­sive homes in the whole coun­try. “We reg­u­larly see prop­er­ties here on the mar­ket from R45 mil­lion up to R100m.”

Ho­tel mag­nate Sol Kerzner’s pent­house in his six-star One&Only ho­tel re­cently sold for R115m, the most ex­pen­sive apart­ment on the African con­ti­nent.

Se­eff has three pent­houses for sale at the V&A Water­front, one for R78m and an­other two of Kerzner’s prop­er­ties for R105m and R95m.

In Gaut­eng, the best sub­urbs in­clude Jo­han­nes­burg’s West­cliff, Dunkeld, Inanda, Atholl and Hyde Park and in KZN, it is Zim­bali, Ever­ton, Her­wood Park, Umh­langa Rocks and Sim­bithi.

Light­stone spokes­woman Hay­ley Ivins said the com­pany ob­tained data from a va­ri­ety of sources, in­clud­ing the Deeds Of­fice and the Sur­veyor Gen­eral, and this was aug­mented by data from secondary sources, such as banks and phys­i­cal prop­erty as­ses­sors.

“With the world just emerg­ing from a global re­ces­sion and our prop­erty mar­ket ex­pected to im­prove in 2010, it is pos­si­ble that the best sub­urbs list could be dra­mat­i­cally dif­fer­ent when 2011 ar­rives,” said Ivins. “There are bound to be changes at the end of the year.

“No­body pre­dicted two years ago what would hap­pen to prop­erty. There is a lot of de­vel­op­ment and with prop­erty be­ing very mo­bile, you can ex­pect changes.”

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