Properties bought off plan in new residential developments in Century City in recent years have shown capital appreciation of between 20 to 35 percent by the time purchasers have taken transfer 18 months later.

A 3000 square metre, low-rise, sectional title office development designed to meet the demand of owner occupiers wanting their own smaller buildings with their own corporate identity are under construction at Century City.

Construction of Manhattan Quarter, a complex of 63 apartments overlooking the Grand Canal in Century City, has topped out and is on schedule for completion in mid-October.

Three homes are now completed with a further 11 homes in the final phase already well under construction in upmarket Baronetcy Estate, situated in prime position in Plattekloof in Cape Town’s popular Northern Suburbs.

Absa Bank is set to consolidate its 14 offices in the Western Cape to one centrally located regional office at Century City.

The JLL South Africa Q3 2015 research report notes Johannesburg office vacancy rate declined to 11.3% from 12.4% in Q3 2014.

Buyers snapped up 106 of the 144 apartments in Waters Edge, Rabie Property Group’s latest residential development at Century City, for a total value of R256,6 million at its launch last week.

Waters Edge, a new high-rise residential development of 144 apartments overlooking the spectacular 16ha Intaka Island wetlands reserve and surrounding waterways, is being launched at Century City by Rabie Property Group.

Rabie Property Group’s R1billion mixed use Century City Square development is on track for completion by February 2016.

Century City’s inclusion in the city’s Rapid Bus Transit system will get a further major boost with the opening of a new direct MyCiti route from Dunoon to Century City via Omuramba station and the opening of six new stations, including one in the burgeoning Century City precinct, from Saturday 1 August 2015.