Century City – a sellers’ market!
Century City residential property is tightly held with less than 1% of existing stock currently on the market. Brian Usher of Property World, the official on site estate agents at Century City, said there were now more than 3000 residential front doors at Century City with only 31 of these currently available on all agents’ […]
Century City sectional title offices sold out
All 18 office suites in a sectional title office block at Century City have been sold ahead of the building being completed. The 2200 square metre building is part of the 18 000 square metre Central Park low rise office park which is being developed around a village green. Sedica Knight of the developers, Rabie […]
Banks scrutinising Body Corporates finances
The proper financial management of sectional title body corporates is likely to come under increasing scrutiny by mortgage lenders making it difficult for purchasers to raise finance to buy into badly managed complexes. Kim Pistor, conveyancing manager of Rabie Property Group, says some banks are already doing so with purchasers finding it difficult to raise […]
Century City apartments : Buyers snap up Quayside apartments
Buyers snapped up 28 of the 63 apartments and townhouses in Quayside, Rabie Property Group’s latest development at Century City, in the first two days of it being launched. The total rand value of the sales was more than R41,5 million. Brian Usher of Property World, the official on site agents for Century City, said […]
Century City apartments : New water-fronting homes launching soon
Quayside, a new residential development at Century City comprising 63 apartments including six semi-detached homes, is to be launched on November 10 to meet the burgeoning demand for waterside living in the precinct. Being developed by Rabie Property Group at a total cost of around R95million, Quayside is the first large development to be launched […]
Century City offices : New sectional title offices for Century City
A new block of prime sectional title offices is to be built at Century City at a cost of R37 million to meet pent-up demand for small to medium size offices in the precinct. The 2200 square metre building, to be known as The Courtyard, will comprise 18 units ranging in size from 63 square […]
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 […]
Kenilworth offices : New R80million sectional title office park for Kenilworth
A second phase of the extremely successful Greenford Office Park adjacent to the Kenilworth Race Track is to be built at a cost of just over R80million. Surrounded on three sides by a nature reserve and enjoying spectacular mountain views, the site is the last remaining one for development in the area where there is […]
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 […]
