select
|

Asrin’s ‘Azure on the Bay’ Development nears completion

The keys will soon be handed over to buyers at Asrin Property Developers’ ‘Azure on the Bay’ development in Big Bay, Blaauwberg as practical completion has now been reached, with full completion of the development expected by mid-August, says Shiraaz Hassan, commercial director for Asrin.


 
Hassan said that since the construction started 16 months ago the confidence in the market and the product has only amplified. 
 
Of the 83 apartments there are currently only three units left for sale and these are expected to be sold by the time handovers begin, he said.
 
Azure is perfectly sited within the Big Bay waterfront node, said Hassan, and apartments here have sold from R1,8 to R3,5 million, and the last three are priced around R2,6 million. 
 
Buyer commitment was very high from the beginning with many willing to put down as much as 50% to 70% of the asking price as deposits (in cash).
      
Buyers into this scheme have been attracted by the unique design of the building, with its richly landscaped, sheltered communal courtyard area with pool, basement parking, and view corridors strategically placed so that each unit enjoys a view of either Table Bay, the courtyard or the sea. In addition, being close to the ocean and a stone’s throw from the popular Eden on the Bay retail and lifestyle centre allows the discerning buyer to enjoy the best that the West Coast has to offer without having to drive anywhere.


 
‘The fact that buyers, too, get all the benefits of beachfront living at a fraction of the cost of many of the Atlantic Seaboard suburbs has contributed to Azure’s popularity and we look forward to handing the units over to the new residents here,” said Hassan.
 
“With many of the units already gaining an average of 8 % above inflation in value since the development’s launch, it is easy to see why those who have bought here have opted for this development to invest in and we look forward to handing over completed units to our eager buyers,” said Hassan.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    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