FAQs

Signatura

Signatura offers discerning buyers a personally endorsed property brand dedicated to creating new levels of quality, value and sustainability in strategically desirable urban and suburban areas of South Africa.

Their business model encompasses identifying existing sites and transforming them into significant real estate investment opportunities through the application of excellence and innovation in three key areas: architecture, landscaping and interior design.

Indigo Properties

Indigo Properties are the co-developers of WEX Lofts and bring a wealth of experience and a proven track record. They are responsible for several beloved landmarks in Cape Town,  including The Old Biscuit Mill, the Woodstock Exchange, Daddy Longlegs, and Old MacDaddy.

JB Architects 

Bernicchi Architects is a Cape Town based practice, specialising in high-rise residential apartments and luxury homes.

Founded with the vision of delivering a personalised service to clients, the practice focuses on creating well-articulated buildings and thoughtfully designed spaces. 

Having an in-depth understanding of the property market has led to successful collaborations with prominent Cape Town developers like Signatura, Mason Developers, and Leisure Developments. These partnerships have further solidified their reputation as a leader in the Cape Town residential landscape.

Their portfolio spans prominent locations such as the City Bowl, Atlantic Seaboard and the Southern Suburbs and has recently expanded further down the coastline to Mossel Bay, George and Knysna.

With over 25 years of experience, Bernicchi Architects has developed an impressive portfolio that showcases its dedication to creating tailor-made products which meet the unique expectations of every client.

Big Ben

Big Ben Construction was formerly Century City Construction, which was responsible for the initial residential developments in the Century City precinct. Century City Construction provided a whole ambit of services from Town Planning, to Civil infrastructure, to marketing, construction and final handover to clients of a variety of residential developments at Century City.

In recent years, Big Ben has become more focused, concentrating primarily on pure construction. The skills base and knowledge of all phases of development, particularly residential, however, remain in the company and we are able to share these skills and knowledge with our development clients in the planning of their developments.

Norton Rose 

Norton Rose Fulbright provides a full scope of legal services to the world’s preeminent corporations and financial institutions. The global law firm has more than 3,000 lawyers advising clients across more than 50 locations worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg, covering Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East. With its global business principles of quality, unity and integrity, Norton Rose Fulbright is recognized for its client service in key industries, including financial institutions; energy, infrastructure and resources; technology; transport; life sciences and healthcare; and consumer markets.

Better Bond

At BetterBond, we want the dream of owning a home to be a reality for everyone. And so, our mission each day is to create better lives for all South Africans by making their dreams of homeownership come true. We build the #1 home loan brand in South Africa and secure the best home loans by providing innovative products and solutions to our clients and industry partners. We make the homebuying journey a dream experience through technology and investing in our people. We have strong, long-standing industry partnerships with our broad network of real estate companies, property practitioners and all the major banks. These partnerships enable us to deliver highly competitive home loans that empower our clients to become homeowners for the first time.

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Perch Short Stays

If you’re looking to maximize the revenue-generating power of a buy-to-let investment, but are daunted by the hassles, headaches, and uncertainties of managing it yourself, we have one word for you: Perch.

Perch is a company set up with the precise aim of making it simple to make more money from your investment, with less time and effort.

In fact, with Perch, the only time and effort required after signing up with us is to open our monthly reports to see how much you’ve made

https://perchstays.co.za/

Jonathan Else, Managing Director of Perch Short Stays, is available to contact for any queries. Mobile number: (084) 860-6007 and email address: jonathan@perchstays.co.za.

66 Albert Road, Woodstock

6-storey building consists of 118 apartments and will consist of studios, one and two bedrooms available for sale.

DOWNLOAD BROCHURE

DOWNLOAD FLOOR PLANS

DOWNLOAD UNIT TYPES

Apartments come with standard finishes.

Optional upgrade spec is available (spec upgrade link/mood board).

DOWNLOAD SPEC AND UPGRADES

• 24-hour on-site security & concierge
• Gym access
• Communal workspace access
• Fourth-floor pool access of WEX1
• Communal workspace of  WEX1 
• Gym and swimming pool access in WEX1

Electricity is prepaid, and hot & cold water meters.

24-hour concierge

Access to your unit will be secured through a tag access system and facial recognition technology.

There are no storerooms available.

Air Conditioning is available as part of an upgrade pack.

There are no furniture packs available for Wex Lofts.

There is a back-up diesel generator which is available to supply power to the units during municipal power-cuts. The usage of the generator is metered and added to the owner’s levy statement.

Each unit includes a standard package with a 20/20 MB internet line covered by the levies. Owners have the option to upgrade to a faster connection, and their levies will be adjusted accordingly.

There are two elevators available for Wex lofts.

Pets are allowed as per the BC rules.

Signatura Rentals specializes in managing long-term rentals for Wex Lofts, while Perch Short Stays focuses on providing short-term rental solutions.

DOWNLOAD SHORT-TERM RENTALS BROCHURE

To sign your apartment up with Perch, please email us at candice@perchstays.co.za

No, rental management is subject to Perch’s designated short-term operator for the building. If a purchaser wishes to re-sell their unit, they must inform the new owner that Perch will continue to manage the short-term letting.

Yes, with Perch you may use the apartment anytime you require. We will block the dates and the management fee is based on revenue, so if you request the apartment, say for a month, for personal use, the management fee will not apply. 

Yes, you can rent your apartment out long-term! For assistance with a long-term rental, please reach out to Tamara Metrowich:

+27 (0)62 782 6272
tamara@haloproperties.co.za

Bond repayments will only commence after the development has been completed and once you have taken transfer of your apartment which is anticipated to be December 2025/January 2026.

There will be bond costs due to the bond registration attorney which will be due on lodgement of the transfer to the Deed’s Office.

The seller is registered for VAT so there will be no transfer duty payable. There are, however, transfer fees which are due and payable on lodgement of the transfer of the property into your name.

On a purchase price of R1,000,000, the transfer costs will be approximately R30,000 to R40,000.

To calculate the transfer costs you can click on the below link: https://www.betterbond.co.za/calculators/bond-and-transfer/ 

NB: Please select yes when it asks if the seller is registered for VAT.

*Please note these are subject to change

Levies are determined in terms of sectional title and exclusive use area of the apartments, levies are calculated at a standard rate to be determined. 

They cover the costs of security, cleaning, and upkeep of the common areas, as well as building maintenance, insurance, and all operational and management expenses. Additional amenities include gym facilities, a pool at Wex 1, and 24-hour security. 20/20 MB WIFI included

Monthly rates are based on the value of the property and are calculated based on the value of the property and then multiplied by 0.006631 to get your yearly rates. Divide this by 12 to get your monthly rates.

For example, on a purchase price of R1,000,000:
R1,000,000 x 0.006631 = R6,310 per annum.
This equates to approximately R525.83 per month.

No hidden costs. VAT inclusive, no transfer duty. Rates and taxes will apply.

The contract price is the price the client will pay for the property. You must be aware that there is occupational interest due from the date you take occupation until you take ownership (transfer takes place). 

The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable prior to registration of your bond once you take transfer of your unit. Transfer costs at this point will also be applicable but these costs are largely offset by the interest that you earn on your deposit during the construction period.

After the completion of the development, the transfer process will commence. Occupation will be given as soon as an occupation certificate is granted. You will be able to occupy or rent out your apartment from the date of occupation.

1. Cape Town sees an average annual capital growth of 7%, so your property value is growing at roughly 7% pa but you are only required to put down 10% of the development value.
2. This means you are getting growth on the full purchase price of the property and only have to put down a fraction of the price.
3. Your tenant is largely paying off your investment property & bond for you.
4. Your rental income increases every year but bond repayments generally stay the same and in relation to yearly salary and incomes inflating, the bond repayments become relatively cheaper every year. 
5. There is high demand for secure luxury property in Cape Town’s City Centre and Atlantic Seaboard, resulting in a secure long-term investment.
6. The longer it takes to enter the property market the harder it becomes.
7. Property investment is likely to create long-term sustainable wealth and an ever-increasing annuity income.

Download the FICA requirements for each type of buyer:

Natural Person – SA Citizen
Natural Person – Non-SA Citizen
SA Company
Close Corporation
Foreign Company
Partnership
Legal Persons
Trust

• The taxpayer must own at least 5 residential units. The deal kicks in once the buyer takes ownership of their 5th new unit. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation with the exclusion of structures used for business purposes, for example, hotels.
• All units must be situated in South Africa.
• Residential units must have been purchased new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
• The units must be used solely for the purpose of trade (i.e. residential letting). This prevents housing claims for personal use.
• Please consult your tax advisor for further clarification and information.
• For the purchase of fewer than 5 residential units, buyers may qualify for the UDZ tax incentive, which allows for accelerated depreciation on qualifying improvements to properties located in designated urban areas used for trade, such as residential letting.

Urban Development Zone (UDZ) incentives in Cape Town are part of a South African government initiative aimed at encouraging private sector investment in certain urban areas through tax incentives.

What is it?
The Cape Town UDZ tax incentive is a SARS administered tax incentive encouraging residential and commercial development in certain specified areas in Cape Town. The tax incentive offers property owners a tax deduction against taxable income over eleven years and could act as a deferment of tax payable until the apartment is sold.

How does it work?
The purchaser of a redeveloped residential apartment located in the UDZ will be able to claim an income tax allowance. 55% of the purchase price is deductible. The tax allowance is claimed over eleven years at a rate of 20% in the first year and 8% in the succeeding ten years. The tax allowance is recouped on the sale of the apartment for an amount greater than or equal to cost, which can be deferred for as long as the owner holds the property.

How long is the incentive available?

Example:
On a residential apartment with a cost of R2 million, the purchaser is entitled to claim a tax allowance of 55% of the cost of the unit, which equals R1 100 000 over eleven years. The R1 100 000 tax allowance is claimed over eleven years at a rate of 20% in the first year and 8% in the succeeding ten years which results in an annual income tax deduction of R220 000 in the first year and R88 000 in the subsequent ten years.

Disclaimer
Please note that the UDZ tax incentive contains a number of requirements which must be met in order to claim the tax allowance. The examples detailed above are of a generic nature and may not apply in certain instances. The developer and its affiliates do not provide tax advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax advice. You should consult your own tax advisors before engaging in any transaction.