Dear Subscriber,

“Having reached the middle of the year, it is clear that demand for prime residential property in Cape Town is growing in leaps and bounds, far outstripping supply. Agents in the City Bowl and Atlantic Seaboard are reporting a shortage of stock, and all current Signatura products are selling exceptionally well.

"There is no doubt that these factors are in line with global trends, as residential property in well-established urban areas is clearly on the rise. In the UK, we have seen a 25% to 30% increase in values in central London, with new stock being brought to the market by developers showing high confidence in the residential sector.

"This is echoed in Australia, where in Melbourne, for instance, there are currently no fewer than 41 tower blocks going up in the centre of the city – a clear indication of the mixed-use development phenomenon that is transforming inner city areas.

"Local authorities in Australia are extremely progressive in facilitating development, allowing developers to build quickly without waiting extraordinary lengths of time to deliver their products.”

John Rabie

Following the successful launch of twin developments The Address and The Residence in Avenue le Sueur, the third and final Signatura project in this sheltered and sought-after Fresnaye precinct is now being made available.

Known as The Algarkirk after the quaint little lane that leads off Avenue le Sueur itself, this R50 million, four-storey building comprises 10 spacious two bedroom apartments and one magnificent penthouse. Designed by talented architect Juan Bernicchi, these stylish contemporary residences offer lock-up-and-go luxury of the highest order. Apartments range in size from 95 square metres to a magnificent 205 square metres (including balconies).

Located within an easy stroll of the Main Road and the Sea Point Promenade, the north-facing building offers wonderful sea and mountain views, and boasts secure basement parking, a 24-hour manned security booth, and eco-friendly solar water heaters.

We have seen very strong demand in particular from residents of this popular suburb who want to scale down to lock-up-and-go security, but still want to remain in Fresnaye, close to all the amenities, shops and schools, and within easy walking distance of the new MyCiTi bus transport system.

Because it is extremely difficult to find suitable development opportunities of this kind in a mature, existing built-up area, to repeat this type of project is near impossible. So we are confident that the demand will only continue to strengthen, and make these luxurious, contemporary homes an exceptionally solid investment proposition in years to come.

Detailed floor plans and finishes may be seen at the Signatura Sales and Information Centre, 37 Main Road Green Point, which is open during the week from 10am to 5pm and from 2pm to 5pm on Sundays.

To view Floor Plans and a Price List, click here.
To download a detailed Sales Information Pack, click here.
In a recently published opinion piece in the Sunday Time Business Times supplement (27 July 2014), Dr Andrew Golding, Chief Executive of the Pam Golding Property Group, claimed that "overseas buyers of prime South African property are aware of the outstanding properties for sale at a tenth of the price they would pay elsewhere."

"The South African luxury residential market is, in fact, a massive opportunity for the world's ultra-high-net-worth individuals to enlarge their prized property portfolios."

All of which means, in our view, that local investors need to climb into the market as soon and as aggressively as possible!

For sales enquiries, email  Anton McElhone or phone him on 083 506 7829.

For development opportunities, email John Edgar or phone him on 083 270 2434.