Century City residential : High demand for rental units sees return of investors
Demand for residential units to let at Century City has continued to soar with buy-to-let investors returning to the market on the back of shortage of rental stock. Two of the main letting agents, Property World and Property Café, ascribe the popularity of the precinct to the growing commercial component at Century City with over […]
Century City apartments : Profit margins are being squeezed
The profit margins of both developers and contractors have been squeezed in order to bring new developments to the market during the economic downturn, says Colin Green, a director of Rabie Property Group. Green says residential developments have been particularly hard hit following the downturn in the property market that most industry players started experiencing […]
Century City residential : Tamarin closes 14 residential sales in July!
Property sales at Century City have continued to pick up with 22 residential properties being sold by Property World, the official on site agency, in July alone. Of these, 12 were development sales and 10 resales. This brings to 88 the number of sales confirmed by Property World since the start of the year which […]
Century City residential : Century City sales double
Residential property sales at Century City concluded by Property World, the official on-site agency, doubled in the first five months of this year compared to the corresponding period in 2010. Manager Brian Usher says a total of 56 sales were achieved by Property World for the 2011 reporting period against 29 in the first five […]
Residential property, Cape Town : 50% of Little Moorings apartments snapped up
Nearly 50% of the 39 apartments in Little Moorings, Rabie Property Group’s latest residential development under construction at Century City, have been sold. Rabie director John Chapman said they had taken advantage of the recessionary conditions in the industry to renegotiate building contractors and this had effected significant savings which had been passed on to […]
Two Rabie projects shortlisted for SAPOA Award
Two residential projects by the Rabie Property Group – Waterstone at Century City and Citadel Constantiaberg in the southern suburbs – have been shortlisted for a 2010 SAPOA Award for Innovative Excellence in Property Development. The R400m Waterstone development comprises three components which are all accessed off Waterstone Square, a formal palm-lined bricked piazza with […]
New niche development launches at Century City
Little Moorings, an exclusive new niche development of 39 sectional title apartments, 33 of which are water-fronting, is being launched at Century City by Rabie Property Group. Comprising studio, one and two bedroom apartments, Little Moorings will boast beautifully landscaped, private gardens fronting onto the water. There will also be a private jetty from which […]
Rental demand far outstrips supply at luxury Citadel Constantiaberg
Demand for rental apartments in Citadel Constantiaberg, a high-rise block of 91 luxury apartments in the heart of the Southern Suburbs, has been unprecedented with not a single apartment now available to be let, says Ian Matheson, of Avon Chase Properties. “In fact we alone are having to turn away about 25 would-be tenants a […]
Trendy New York-style Living Comes to Century City
Trendy New York-style living is to be introduced to Century City at the Manhattan, a R140m tower block of apartments to be built on a prime water-fronting site across the Grand Canal from Canal Walk by the Rabie Property Group. Set over basement parking and ground level shops providing convenience retailing and a “neighbourhood” restaurant, […]