select
|

The super wealthy in Sandton can indulge in every home luxury conceivable

Every home comes at a price, but for affluent buyers looking to purchase a home in the R20 million to R80 million price range, every conceivable home luxury can be indulged.

It goes without saying that in the elite suburbs of Sandton you are buying considerably more than just bricks and mortar.

Cigar lounges, circular elevated cinema rooms, home gyms, baronial reception areas, manicured zen-like gardens, Koi ponds, club houses, glass elevators and waterfalls are but to name a few of the special features included at many of these super-homes.

Charles Vining, Managing Director of Seeff Sandton says that there is significant interest in this higher price range. The branch currently has 16 properties priced over R20 million on their books and have several offers on many of them.

“The expertise of the agent plays a big part in marketing and showing these super-homes as the agent needs to ascertain who the legitimate buyers are and then show them appropriate properties. Neither the buyers nor the sellers in this market have time to waste on inappropriate appointments, and they also value confidentiality.

Vining continues that according to property data giant Lightstone, 10 residential properties priced at R20 million and higher were sold in Sandton in 2013 and 12 in 2014 in suburbs like Bryanston, Hyde Park, Morningside, Sandhurst and Sandown. Several of these sales were made by Seeff.

“These residences offer a plethora of top class finishes and ingenious design. Not only are they beautiful and extremely secure, but many are high-tech too. These are all important considerations to multi-millionaires, who are almost exclusively the purchasers of these palatial properties.

Buyers in this price class are astute and place a high value on solid investments whether they are families looking to utilise their homes as permanent residences or executives of the African continent who favour Sandton as the Johannesburg base for their business concerns”.

Vining concludes that a significant amount of interest comes from buyers on the African continent, but the majority of buyers in the upper end are South Africans, particularly successful businessmen- and women.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    • 14 Feb 2018
      While you may not have intended to place your home on the market, what do you do if you receive an unexpected offer on your home? In areas where demand outweighs the current supply of homes available to buyers, it is not unheard of to have buyers make offers on homes that aren’t on the market, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      If you are looking to sell your home this year, Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, says that there are five crucial things to do before the ‘for sale’ sign goes up.
    • 01 Feb 2018
      February is the month of love and to celebrate we will be posting about all the things we love this month. Follow the #MyPropertyLoves hashtag to keep up with our favourite things.
    • 01 Feb 2018
      After saving up and months of searching for the right home, applying for a bond and patiently waiting for the keys to the front door, it is finally time to cross the threshold and move into your new home. Now what?
        
    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