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
Characters remaining

    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 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?
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us