Act fast to secure prime properties
City Bowl, Atlantic seaboard developments selling like hotcakes in current market
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.
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.