{"id":233895,"date":"2018-03-26T16:37:21","date_gmt":"2018-03-26T14:37:21","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=233895"},"modified":"2018-03-26T16:37:21","modified_gmt":"2018-03-26T14:37:21","slug":"a-look-at-cape-towns-new-affordable-micro-apartments","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/233895\/a-look-at-cape-towns-new-affordable-micro-apartments\/","title":{"rendered":"A look at Cape Town’s new affordable micro apartments"},"content":{"rendered":"

A new micro-apartment development, The Rockefeller, has launched in Cape Town, selling over R220 million worth of units in the first week of opening.<\/p>\n

Launched on 15 March 2018, The Rockefeller comprises of 278 apartments over 13 floors. Apartments range in size from 23 square metres to 44 square metres with a starting price of R1.26 million.<\/p>\n

The building has been co-developed by Narrative and Ryan Joffe Properties, designed to answer to market demand for accessible, affordable apartment living in Cape Town\u2019s CBD.<\/p>\n

The Rockefeller offers 13 floors with a host of modern amenities, dubbed as “hotel-style living”. It features value-adds like a concierge service and a platform for owners to rent their units out without the attendant admin and management stress while also earning a rental return.<\/p>\n

There is also a restaurant and bar at the communal clubhouse with free Wi-Fi. Other facilities include a gym, bike storage, rooftop pool and laundry service.<\/p>\n

“There are no other developments within the Cape Town CBD at this price point, and in an over-subscribed and under- supplied market, prices have soared and owning property has become largely out of reach for many,” the developers said.<\/p>\n

The development cost in the range of R300 million. Below are examples of the layouts for a 25\u00a0square metres and 30 square metres apartment.<\/p>\n

\"\"<\/a> \"\"<\/a>\"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a>\"\"<\/a><\/p>\n

\n

Read:\u00a0A look at the new luxury apartments on Blouberg\u2019s beachfront \u2013 including a R15 million penthouse<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

A new micro-apartment development, The Rockefeller, has launched in Cape Town, selling over R220 million worth of units in the first week of opening.<\/p>\n","protected":false},"author":10,"featured_media":233909,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[12755],"tags":[26],"class_list":["post-233895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/233895","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=233895"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/233895\/revisions"}],"predecessor-version":[{"id":233925,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/233895\/revisions\/233925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/233909"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=233895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=233895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=233895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}