Residential property prices at Century City have broken new ground with the sale this month of a four bedroom furnished penthouse apartment in Crystal Towers to a foreign buyer for R13,5 million.
Prior to this the highest price achieved for a property was for a freestanding home on a double plot in Waterstone Isles which sold for R10 million late last year. Before that the highest prices achieved were for two Crystal Towers three bedroom apartments which sold for R8,2 million each. Testament to the wide variety of homes on offer at Century City is that the average selling price is normally around R1,5 million to R2 million, with entry level being around the R1million mark.
The 400 square metre Crystal Towers apartment which sold for R13,5 million comprises four bedrooms, four bathrooms, two lounges, kitchen and scullery, an outdoor entertainment area with built in braai and jacuzzi, three parking bays and a storeroom. The two level north facing apartment boasts panoramic views of Table Mountain, Lion’s Head, Robben Island and Durbanville Hills.
Allen Usher of Property World, the official on site agents at Century City, said these sales had help boost total sales at Century City by them to just under R260 million since the start of the current financial year on July 1 last year. In March alone Property World had secured nine development sales (excluding the R13,5 million penthouse) and six resales for a total value of R24,5 million which was a marked improvement on March 2011 when they notched up 11 sales for a total of R18million.
He said with the sale of the top penthouse apartment there were now only 10 apartments out of 92 left for sale in Crystal Towers. These comprise eight two bedroom apartments priced at around R3,5 million each, a three bedroom, furnished penthouse at R7,5million and a one bedroom, furnished penthouse at R3,4million.
Sales had also gone strongly in their development Quayside where only 18 units out of 63 remain to be sold at prices of around R1,5 million with transfer scheduled for end of next year offering exceptional value for money.
For further information visit the Quayside fully furnished showhouse or contact Property World on 021 5550105.