select
|

New Sea Point development meets high demand for luxury living

As South Africa’s pool of middle to high earners grows, so does the demand for beautiful properties in the country’s most sought-after neighbourhoods - especially properties under R5 million. But the supply in this sector on the Atlantic Seaboard has traditionally been severely limited.



Unveiling its 17th development in just over two years, Signatura, John Rabie’s private label property development group, continues to ride the crest of this new wave of investors and homeowners seeking property in the Atlantic Seaboard.

The latest addition to Signatura’s successful portfolio is The Brittany, an apartment block in High Level Road, which is perfectly designed to meet the increasing demand for new-style luxury living near the ocean and in close proximity to the city.

The latest project priced from R3,5-million features 8 luxury 3 and 2-bedroom, 2 bathroom apartments with sweeping terraces as well as a spectacular penthouse offering views of the Atlantic Ocean and Signal Hill. Each apartment has two secure basements, fibre-optic connectivity and top notch security systems monitored by CCTV cameras.

The apartments have access from both High Level and Calais Roads and border the picturesque Mount Nelson Steps.

John Rabie says with the Cape Town property market in an upward trend, many buyers are being left disappointed.

“There is still a dearth of quality properties available in the top locations. Because of limited space in this sought-after area, it is very difficult to find properties which tick all the boxes in terms of location, appearance and price.

“We have found that demand has stepped up significantly both from buyers looking to get a foothold in high growth areas as well as investors who are getting into the market in the wake of the rising property cycle.

“We anticipated the upswing some time back and recognised the huge gap in the market for convenient, well-situated and beautiful new homes and apartments. To meet this need, we have already developed close to R600-million of new developments in Sea Point, Greenpoint, Fresnaye and the City Bowl which are almost all sold out.”

The Signatura brand has become synonymous with trendsetting, well-designed residential projects for modern living in sought after urban areas. Most recent projects in Sea Point include Azzurri and the Sentinel, The Richmond, The Reserve and the Chelsea in Greenpoint and 53 on Kloof, The Residence, The Address and Algarkirk in Fresnaye.

He says it remains very important to get the product right and understand what buyers want.

“We understand the luxury segment particularly well and have become renowned for our quality projects in this market specifically. We have been able to build up a very successful track record and have plans to continue to bring new opportunities to the market to meet demand.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
    • 17 Apr 2018
      By the end of 2017, very few housing markets remained unaffected by the mounting pressure of the prevailing economy and political climate but some fared better than others, especially sought-after, well-situated suburbs like Parktown North that tick the top boxes on buyer’s wish lists.
    • 17 Apr 2018
      With urbanisation at its peak and population density in major cities reaching frustrating levels is it any wonder that more South Africans are choosing to move away from the chaos to a quieter life?
    • 16 Apr 2018
      When you are selling your home, you will have potential buyers coming to view it. During these times, you will need to ensure that each room of your home is clean and beautifully decorated.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK