New development to introduce sophisticated urban edge to Cape Town’s Southern Suburbs

Strong demand for housing and a dearth of greenfield space in Cape Town’s traditionally freehold southern suburbs of Claremont and Newlands have precipitated a transformation of the property landscape  with the introduction of numerous compact upmarket clusters and estates.

According to Nina Smith and Cyndy Minnaar, Area Specialists for Lew Geffen Sotheby’s International, this emergent trend is being further spurred by increased demand for a secure lifestyle.

“These properties are especially sought-after by upcountry semigrants, young professionals with families and overseas ‘swallows’ who appreciate the lock-up-and-go-convenience.”

Brendan O'Brien, Chairman of the Urban Space Property Group, the bespoke development company responsible for exclusive estates like Hoogeind in Upper Claremont, says that the main challenge is sourcing large enough development sites to create security estates to meet the rising demand.

“Within our specific area of Newlands and Claremont, projects of two or three units will continue to spring up consistently, but larger, manned security estates will be very few and far between due to the difficulty in securing sites large enough to create them.

“It took over a decade from conception to completion for us to be able to actualize our vision for Hoogeind, including eight years of negotiation to purchase the site. It’s always worth the time and patience, though, as we strive to push the boundaries of design and quality in this very top level of the market.”

O’Brien is therefore justifiably proud of their latest project due to be launched for sale off-plan next month. Situated on 3,000m² of prime real estate only a stone’s throw from the Cavendish Square precinct and Newlands Village, Cavendish Mews is a contemporary secure estate comprising 12 designer homes.

“Cavendish Mews will introduce an urban edge to suburbia by offering residents the best of both worlds: the spaciousness and tranquillity of a suburban lifestyle and the convenience of easy access to a wide array of top-class amenities in a vibrant, cosmopolitan node.”

Mark Upton, CEO of Upton Properties, says: “This unique development offers discerning buyers a unique investment opportunity, especially in the current market in these suburbs.

“When demand outweighs supply in desirable upmarket suburbs, investment almost always yields exceptional returns, irrespective of market conditions with properties in secure estates being especially receptive to significant capital growth.”

O’Brien confirms this: “All of our previously completed security estates in the southern suburbs have achieved a far higher rate of capital appreciation than the general housing stock in the area.

“For example, one of our units in Broughton Place in Constantia sold off plan for R13.5 million, sold a year after occupation for R22.5m and one of the units at Adare Place in Upper Claremont originally sold off plan for R13.5m and was then sold again18 months after occupation for R29m.”

“Premium homes in security estates in highly sought-after areas like Newlands very rarely become available for purchase and, when they do, they tend to sell quickly,” says Lew Geffen, Chairman of Lew Geffen Sotheby’s International Realty.

“Especially those in premium locations where everything residents could possibly need is easily accessible; from a choice of top class retail centres, popular eateries and cafes to a variety of outdoor activities and sports facilities.”

Geffen adds that Claremont, the main commercial hub in the Southern Suburbs, has also undergone significant change in recent years with the entire precinct being revamped, including the development of several residential and mixed-use properties like The Claremont, Grove Exchange and The Citadel.

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