The Cape Town property market is favourable for new developments, provided these are in the right location and offer the appropriate price points according to the Seeff Property Group.
One of the key areas of demand brought on by the Covid-19 pandemic is the need for apartments that offer the ideal WFH (work-from-home) environment.
Stephan Cross, a manager with Seeff, says a good example of such a development is the new Alphen Glen. This luxury five-storey apartment complex is located in the heart of the high-demand Southern Suburbs in Cape Town.
It is already in its seventh month of construction and is well-priced. The units offer great modernity, location and views, convenience, and high-speed fibre connectivity for people who need to work from home. They are also pet-friendly to add further enjoyment to your lifestyle, a rarity, he adds
Aside from own-use, the apartments would be excellent rental investments. They are also ideal as a corporate investment for visiting executives or staff and make for an ideal second home in Cape Town.
Property values in the area have consistently grown during the economic growth phases and have held firm. Cross says further that the property market across the Cape Peninsula has been particularly buoyant this year with sales likely to end on the highest level in three years which encourages luxury development and construction.
Alphen Glen is one of the most exciting new additions in the area. It borders the suburb of Constantia where an affluent village feel, sense of community, outdoor lifestyle, and fantastic schools in close proximity are just some of the reasons for making it your home.
It is tailored to offer modern living in terms of accommodation, security, and access to amenities. The development drew architectural inspiration from the classic homesteads of Constantia and row-houses of neighbouring Chelsea Village and surrounds.
The result is that while the mass of the building undulates, the façade alternates with an appearance of a series of buildings, each adding a uniqueness to the overall structure.
Balconies with fabulous mountain views, generous windows, and special details in railings and lighting acknowledge both the big and small details when it comes to the design, thus offering a unique apartment block in the suburbs
It is like living in one of the beautiful homes in the area without the added burden which comes with freehold houses. There is an excellent choice of units to suit your lifestyle
There are 32 apartments offering a choice of one and two-bedroomed units, but there are also four expansive family units with three bedrooms and two grand penthouses with expansive terraces
The location is wind-sheltered, another plus for Cape Town. The apartments are modern, incorporating the latest kitchen and bathroom trends. There is excellent 24-hour security with access control as well as secure parking. There is also a luxurious foyer and concierge service along with a landscaped atrium with seating and Wi-Fi.
Prices range from R1,595 million for one bedroom, R2,325 million for two bedrooms, and from R4,395 million for the three-bedroomed family units. The penthouses are priced at R4,995m and R5,2m respectively
To further add to a great WFH lifestyle, Alphen Glen is close to coffee shops, eateries, and a butchery. You are also within walking distance of the Alphen and Cecilia Trails and have access to some of the best schools, shopping facilities, services, wine estates, and other attractions in the country. You also have easy access to the beaches and Table Mountain along with the other attractions of the Cape.
It is also just 11-minutes from the University of Cape Town, making it the perfect place to live for families, students, and young professionals. Alphen Glen offers a fabulously convenient lifestyle including for those who work from home.
Cross says further that investing in a new development offers significant benefits to buyers and investors. Buyers are able to finance their purchase by way of a mortgage loan with repayments only due to commence once the unit is registered in your name as well as savings on Transfer Duty are enjoyed by all first buyers of the development units.
The units are brand new and modern with the latest finishes which means there is nothing to be done, you can just move in and enjoy your life. You are also investing in a fixed price which means that by the time you take occupation, the unit would already have started accumulating in value.
