{"id":240753,"date":"2018-04-25T16:31:51","date_gmt":"2018-04-25T14:31:51","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=240753"},"modified":"2018-04-25T16:32:30","modified_gmt":"2018-04-25T14:32:30","slug":"this-5-star-cape-town-hotel-is-being-turned-into-luxury-apartments-going-for-up-to-r16-million","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/240753\/this-5-star-cape-town-hotel-is-being-turned-into-luxury-apartments-going-for-up-to-r16-million\/","title":{"rendered":"This 5-star Cape Town hotel is being turned into luxury apartments – going for up to R16 million"},"content":{"rendered":"

Romney Park, a former 5-star hotel on the lower slopes of Signal Hill in Greenpoint, Cape Town, is set to be refurbished and transformed into luxury sectional title apartments.<\/p>\n

The seven-month refurbishment, due to begin in May this year, will leave the ‘contemporary-colonial’ exterior of the building largely untouched, while the interiors will be modernised and will come with a wide range of services and facilities, including a pool and lounging deck, 24\/7 security services, laundry facilities, fibre internet and DStv connections.<\/p>\n

The 26 north-facing apartments will go on sale during late 2018, the group said.<\/p>\n

Units available for purchase will include ten 1-bedroom, nine 2-bedroom, four 3-bedroom and three deluxe apartments, ranging in total size from 51 to 526 square metres.<\/p>\n

Excluding VAT and, with no transfer fees payable, 1-bedroom apartments at Romney Park start at R3.1 million (R3.5 million including VAT), 2-bedrooms at R5.8 million and 3-bedrooms at R7.2 million – while the deluxe apartments, all with sizeable private gardens or balconies, start from R16 million.<\/p>\n

“The market in this high-end bracket of Cape Town real estate has been in a near-constant state of boom for almost a decade. Prices started rallying shortly after the beginning of the recovery in the local economy, which was not spared the effects of the 2007\/08 global financial crisis,” the group said.<\/p>\n

“Demand for sectional-title property has skyrocketed in the high-end Atlantic Seaboard neighbourhood and prices have kept growing.\u00a0Romney Park is ideally located to take advantage of this massive demand.”<\/p>\n

1 Bedroom<\/strong><\/p>\n

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2 Bedroom<\/strong><\/p>\n

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

3 Bedroom<\/strong><\/p>\n

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

Deluxe<\/strong><\/p>\n

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

The views<\/strong><\/p>\n

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Read:\u00a0A look at the R500 million skyscraper being built on Lower Long in Cape Town<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Romney Park, a former 5-star hotel on the lower slopes of Signal Hill in Greenpoint, Cape Town, is set to be refurbished and transformed into luxury sectional title apartments.<\/p>\n","protected":false},"author":10,"featured_media":240793,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26],"class_list":["post-240753","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\/240753","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=240753"}],"version-history":[{"count":9,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/240753\/revisions"}],"predecessor-version":[{"id":240841,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/240753\/revisions\/240841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/240793"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=240753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=240753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=240753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}