These are the most expensive suburbs in South Africa

As part of its annual South Africa Wealth Report, research group New World Wealth has published a list of the most exclusive suburbs in the country as at the end of September 2017.

To determine what makes a suburb “exclusive”, New World Wealth identified two major metrics: price per square meter, and the number of R20 million homes in area.

NWW said that price per square meter has some limitations. “This is due to the garden element (i.e. how do you value the garden?). The truth is price per square meter stats only work really well on apartments and some areas don’t have many apartments which makes this tricky,” it said.

Hence, the wealth advisory firm also took into account the second metric – the number of R20 million homes in area.

The tables below outline the most expensive suburbs based on the price of square meterage, and the number of R20 million-plus homes (all figures have been rounded).

Price per square meter

South Africa ZAR per sqm USD per sqm 200sqm Apartment cost
Clifton R80 000 $6 154 R16 000 000
Bantry Bay R75 000 $5 769 R15 000 000
Fresnaye R60 000 $4 615 R12 000 000
Camps Bay and Bakoven R56 000 $4 308 R11 200 000
Llandudno R54 000 $4 154 R10 800 000
Greenpoint, Granger Bay and Mouille Point R47 000 $3 615 R9 400 000
City Bowl R45 000 $3 462 R9 000 000
Central Sandton R36 000 $2 769 R7 200 000

R20 million-plus homes

Cape Town No. of R20 million+ homes No. of R20 million+ homes per unit of population Population
Camps Bay and Bakoven 200 5% 3 800
Clifton 110 28% 400
Constantia and Tokai 100 1% 8 800
Bishopscourt 90 6% 1 500
Bantry Bay 80 7% 1 100
Fresnaye 80 9% 900
Llandudno 40 8% 500

 

Johannesburg No. of R20 million+ homes No. of R20 million+ homes per unit of population Population
Sandhurst 110 18% 600
Hyde Park 100 4% 2 400
Houghton 100 2% 6 000
Westcliff 60 3% 1 800

 

Other No. of R20 million+ homes No. of R20 million+ homes per unit of population Population
Plettenberg Bay 130 0.4% 31 000
Umhlanga and La Lucia 110 0.3% 32 000
Knysna 100 0.2% 51 000
Stellenbosch 90 0.1% 155 000
Paarl 80 0.1% 112 000
Franschoek 70 0.4% 16 000
Ballito (including Zimbali) 60 0.3% 19 000
George (including Fancourt) 50 0.4% 12 000

Read: What South Africa’s richest people are doing with their money

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These are the most expensive suburbs in South Africa