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.

  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