Act fast to se­cure prime prop­er­ties

City Bowl, At­lantic seaboard de­vel­op­ments sell­ing like hot­cakes in cur­rent mar­ket

Weekend Argus (Saturday Edition) - - PROPERTY -

IF YOU are still hop­ing to get your hands on a new apart­ment in Wood­stock, Vre­de­hoek or over­look­ing the Bakoven beach­front, then you will need to act fast ac­cord­ing to Ross Levin, devel­op­ment direc­tor for Se­eff At­lantic Seaboard and City Bowl.

“New de­vel­op­ments are still sell­ing like hot­cakes, al­most as fast as we can list them. The de­mand is also across the board, from com­pact lock-upand-go apart­ments to lux­ury town­houses,” says Levin.

“On the At­lantic seaboard, the new Lit­tle Glen Views devel­op­ment in Up­per Tree Road, Camps Bay, has now sold out. It con­sists of four lux­ury town­houses with swim­ming pools, priced at be­tween R13m to just over R16m.

“The best op­por­tu­nity on the At­lantic seaboard is the new nine-unit In­fin­ity apart­ment com­plex that over­looks the Bakoven beach­front, and only three units are still avail­able, priced at R22.9m each plus VAT.”

In­fin­ity over­looks the sea and the lux­ury units range in size from 276m to 375m2, each with three bed­rooms, open liv­ing ar­eas, di­rect lift ac­cess and rim-flow swim­ming pools. The com­plex also has a gym and 24hour se­cu­rity.

In the City Bowl, the 10-unit lux­ury com­plex, The Ru­g­ley in Vre­de­hoek has also just about sold out, says Levin.

The block is in a quiet po­si­tion with full Ta­ble Moun­tain and city views. Only three units are still avail­able, each with two bed­rooms and two park­ing bays, priced from R3.55m to R3.9m in­clud­ing VAT.

The Iron Works on the cor­ner of Raven­scraig and Sir Lowry roads in Wood­stock is an­other hot seller, ac­cord­ing to Levin. The mixed use devel­op­ment con­sists of ground floor re­tail, five park­ing lev­els, one floor of of­fice space and four lev­els of apart­ments that range in size from 50m to 106m2 with moun­tain and har­bour views.

The apart­ments are priced from R1.3m in­clud­ing VAT and ience, is still snapped up quite quickly.

“The CBD and Water­front ar­eas al­most re­sem­ble one big con­struc­tion site as the city con­tin­ues to up­grade and evolve with ad­di­tions such as ex­tend­ing the CTICC ( Cape Town In­ter­na­tional Con­ven­tion Cen­tre), a new hospi­tal, five-star ho­tels, and the Zeitz MOCCA Mu­seum at the Water­front, the first con­tem­po­rary art show­case for the African con­ti­nent.

“The world is com­ing to Cape Town as the city is now the hottest prop­erty des­ti­na­tion in the coun­try. Any­thing that is new is cur­rently at­tract­ing sig­nif­i­cant at­ten­tion and prop­erty is still a no­table growth sec­tor for the Cape econ­omy,” says Levin.

“Other res­i­den­tial de­vel­op­ments in­clude fur­ther mixe­duse devel­op­ment at the Water­front Si­los, The Au­rum in Bantry Bay and Clifton Terraces, all de­vel­op­ments that aim to re­de­fine the bench­mark of lux­ury sea­side liv­ing and the prices that buy­ers are pre­pared to pay. We have al­ready seen prices at the Water­front and Clifton breach the R120 000 to R140 000/m lev­els over the last year.

“An­other devel­op­ment in the CBD is the new 17-storey mixed- use Sen­tinel Devel­op­ment on the cor­ner of Loop and Leeuwen Streets.

“There are also sev­eral new de­vel­op­ments around the De Waterkant and Green Point ar­eas such as the trendy new War­wick apart­ment com­plex,” says Levin.

‘Any well-priced

The Iron­works in Wood­stock is a re­build of a his­toric build­ing with apart­ments that range in size from 50m2 to 106m2 with moun­tain and har­bour views.

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