A R200 million 51-unit luxury apartment project on a vacant lot at 169 Main Road Green Point places the capstone on the radical transformation of the stretch between de Waterkant and Glengariff Road.
While the residential property market in general has been experiencing a reduction in activity over the past two years, there are definite signs of a positive shift in the marketplace.
Bree Street will soon be home to the tallest residential development in Cape Town’s central city - the eponymous ‘16 on Bree’. Pam Golding Properties is marketing the luxury lifestyle development that will offer residents an exclusive, urban experience in the heart of the Mother City.
Modern homes are generally becoming smaller as more people look to live in convenient sectional title apartments or more compact, manageable houses.
The mercury is rising as the peak tourist season gets underway, and Cape Town’s beaches and scenic mountains are resplendent, reminding us why the Mother City has just been named one of the best three travel destinations in the world by Lonely Planet.
Strategically-located, upmarket niche shopping complexes in Cape Town are contributing to the upswing in prices of nearby residential property and to the sales of both new and existing sectional title units.
Resurgence in developments market in Cape Town, reports Pam Golding Properties.
Luxury homes in the R10 million and more category have led the way out of the residential property lean years, according to statistics collated by Pam Golding Properties (PGP) Western Cape.
The residential property market in key areas of the Western Cape is again approaching the levels last seen before the spectacular downturn in 2007/ 2008.
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