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Transfer delays push up costs

[caption id="attachment_1411" align="alignright" width="200"] Kim Pistor[/caption] Banks’ revised requirement that all approval certification is in place before transfer documents are submitted to the Deeds Offices is delaying new development property transfers by a month on average. So says Kim Pistor, Legal Advisor of Rabie Property Group, who...

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...

Residential property, Cape Town : 50% of Little Moorings apartments snapped up

[caption id="attachment_212" align="alignleft" width="600"] View towards Table Mountain from the 3rd floor[/caption] 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...