{"id":205756,"date":"2017-10-25T19:10:08","date_gmt":"2017-10-25T17:10:08","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=205756"},"modified":"2017-10-25T17:10:21","modified_gmt":"2017-10-25T15:10:21","slug":"cape-towns-most-expensive-streets-and-developments","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/205756\/cape-towns-most-expensive-streets-and-developments\/","title":{"rendered":"Cape Town’s most expensive streets and developments"},"content":{"rendered":"

The latest data from wealth research group, New World Wealth (NWW) reveals the most expensive and exclusive streets in Cape Town.<\/p>\n

To determine the most expensive streets in the country, NWW looked at price per square metre for a property. Unsurprisingly, most of the country’s most expensive streets and developments are found in Cape Town, with no other region making it into the top 10.<\/p>\n

However, NWW also provided the top five most expensive streets and developments outside of the Mother City for perspective.<\/p>\n

According to realtor, Seeff, luxury apartments on Cape Town’s Atlantic Seaboard have seen the price per square metre rocket over the past decade, with some expected to reach as high as R200,000 per square metre <\/a><\/strong>in the not-too-distant future.<\/p>\n

The demand is fueled by a mix of residential, holiday and investment buyers with a spread of about 50\/50 between local and upcountry buyers with foreigners representing only a small portion this year despite the weak currency, Seeff said.<\/p>\n

\u201cFive years ago, the R100,000\/sqm mark seemed a reach \u2013 today, we are looking at the R200,000\/sqm mark as the next milestone that will be reached quite soon, given the fabulous new luxury developments in Clifton and even in Mouille Point,\u201d the group said.<\/p>\n

As at August 2017, a total of 17 properties in Cape Town have sold for over R20 million<\/a><\/strong>, six of which are apartments.<\/p>\n

According to NWW, the high price per square metre on these streets – coupled with a high number of R20 million-plus sales – makes these areas the most exclusive in the country.<\/p>\n

The most expensive streets and developments in South Africa<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
South Africa<\/th>\nZAR per sqm<\/th>\n200sqm Apartment cost<\/th>\n<\/tr>\n
The Ridge & Cliff Road, Clifton, Cape Town<\/td>\nR96 000<\/td>\nR19 200 000<\/td>\n<\/tr>\n
V&A Marina, Dock Road, City Bowl, Cape Town (development)<\/td>\nR90 000<\/td>\nR18 000 000<\/td>\n<\/tr>\n
Victoria Road, Clifton and Bantry Bay, Cape Town<\/td>\nR88 000<\/td>\nR17 600 000<\/td>\n<\/tr>\n
Nettelton Road, Clifton, Cape Town<\/td>\nR86 000<\/td>\nR17 200 000<\/td>\n<\/tr>\n
Clifton Road, Clifton, Cape Town<\/td>\nR84 000<\/td>\nR16 800 000<\/td>\n<\/tr>\n
Kloof Road, Clifton and Bantry Bay, Cape Town<\/td>\nR83 000<\/td>\nR16 600 000<\/td>\n<\/tr>\n
Ave St Leon, Bantry Bay, Cape Town<\/td>\nR78 000<\/td>\nR15 600 000<\/td>\n<\/tr>\n
De Wet Road, Bantry Bay, Cape Town<\/td>\nR76 000<\/td>\nR15 200 000<\/td>\n<\/tr>\n
Ave Marina, Bantry Bay, Cape Town<\/td>\nR76 000<\/td>\nR15 200 000<\/td>\n<\/tr>\n
Ocean View Drive, Bantry Bay, Cape Town<\/td>\nR75 000<\/td>\nR15 000 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

The most expensive streets and developments in South Africa (excluding Cape Town)<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n
South Africa<\/th>\nZAR per sqm<\/th>\n200sqm Apartment cost<\/th>\n<\/tr>\n
Michael Angelo & Raphael Suites. Sandton (development)<\/td>\nR45 000<\/td>\nR9 000 000<\/td>\n<\/tr>\n
Beachyhead Road, Plettenberg Bay<\/td>\nR42 000<\/td>\nR8 400 000<\/td>\n<\/tr>\n
Melrose Arch, Sandton (development)<\/td>\nR36 000<\/td>\nR7 200 000<\/td>\n<\/tr>\n
The Houghton, Sandton (development)<\/td>\nR35 000<\/td>\nR7 000 000<\/td>\n<\/tr>\n
Lagoon Drive, Umhlanga Rocks<\/td>\nR35 000<\/td>\nR7 000 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read:\u00a0These are the most expensive suburbs in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest data from wealth research group, New World Wealth (NWW) reveals the most expensive and exclusive streets in Cape Town.<\/p>\n","protected":false},"author":10,"featured_media":155335,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[10773],"class_list":["post-205756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-seeff"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/205756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=205756"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/205756\/revisions"}],"predecessor-version":[{"id":206777,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/205756\/revisions\/206777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/155335"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=205756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=205756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=205756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}