{"id":790010,"date":"2024-09-06T16:45:00","date_gmt":"2024-09-06T14:45:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=790010"},"modified":"2024-09-06T16:28:01","modified_gmt":"2024-09-06T14:28:01","slug":"a-look-at-the-r53-million-pearl-in-the-oyster-for-sale-in-one-of-south-africas-richest-areas","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/790010\/a-look-at-the-r53-million-pearl-in-the-oyster-for-sale-in-one-of-south-africas-richest-areas\/","title":{"rendered":"A look at the R53 million ‘Pearl in the Oyster’ for sale in one of South Africa\u2019s richest areas\u00a0"},"content":{"rendered":"\n

A six-bedroom house in Bryanston East, Johannesburg, is on the market for R53 million. <\/p>\n\n\n\n

According to Lew Geffen Sotheby’s International Realty<\/a>, “The Pearl in the Oyster” property has uninterrupted views of Johannesburg North, with the 15,000 sqm property’s pool and viewing deck offering stunning views of Sandton City. <\/p>\n\n\n\n

The home has several large reception rooms for entertaining, such as an executive bar with a snooker table, study\/library and wine cellar, which all open onto a large, covered and enclosed patio with folding doors. <\/p>\n\n\n\n

The gourmet kitchen has top fittings, and an elevator is also in the property. <\/p>\n\n\n\n

There are five double-bedroom suites and a guest suite with lounge. There is also a upstairs family lounge. <\/p>\n\n\n\n

When it comes to home backup power supply, the property has a 75KVA generator and a grid-tied solar system. <\/p>\n\n\n\n

The property also features ducted air-conditioning, a central vacuum system, a water-borne underfloor heating system and a home automation system. <\/p>\n\n\n\n

Regarding security, the property has a dedicated guard house, burglar alarm & sensor beams and 16 CCTV surveillance cameras. <\/p>\n\n\n\n

Bryanston is an incredibly sought-after area in South Africa. <\/p>\n\n\n\n

A recent property newsletter by Lightstone showed that Bryanston was the most popular area for homes priced over R1 million when looking at total purchase price and sales numbers in 2023.<\/p>\n\n\n\n

Bryanston saw 802 homes bought for over R1 million, with an overall total purchase price of R2.69 billion. <\/p>\n\n\n\n

Sea Point in Cape Town was second, with 679 homes for R2.59 billion.<\/p>\n\n\n\n

Midstream Estate in Centurion slipped from second place in 2022 to third in 2023, racking up R2.1 billion from the 537 homes sold in the area. <\/p>\n\n\n\n

Sibaya Coastal Precinct in KwaZulu-Natal took fourth with R1.72 billion in sales, followed by Sunningdale in the Western Cape, where R1.49 billion was sold. <\/p>\n\n\n\n

Val de Vie in Paarl and Fresnaye in Cape Town, which came fourth and fifth in 2022, lost their places in the top five in 2023.<\/p>\n\n\n\n

The table below lists the top five suburbs by the most transfers with purchase prices greater than R1 million.<\/p>\n\n\n\n

#<\/th>Suburb<\/th>Province<\/th>Volume<\/th>Total purchase price<\/th><\/tr><\/thead>
1<\/strong><\/td>Bryanston<\/td>Gauteng<\/td>802<\/td>R2.69 billion<\/td><\/tr>
2<\/strong><\/td>Sea Point<\/td>Western Cape<\/td>679<\/td>R2.59 billion<\/td><\/tr>
3<\/strong><\/td>Midstream Estate<\/td>Gauteng<\/td>567<\/td>R2.10 billion<\/td><\/tr>
4<\/strong><\/td>Sibaya Coastal Precinct<\/td>KZN<\/td>419<\/td>R1.72 billion<\/td><\/tr>
5<\/strong><\/td>Sunningdale<\/td>Western Cape<\/td>537<\/td>R1.49 billion<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n

Despite South Africa’s repo rate currently standing at a 15-year high of 8.25%, the Landsdowne Property Group said that several suburbs in northern Johannesburg offer good value for investors, including Bryanston.<\/p>\n\n\n\n

\u201cProperty prices in Johannesburg are sitting at levels last seen 14 years ago, and we believe now is a good time to buy property in the metro. Courageous investors who take a long-term view will be rewarded when the market turns,\u201d said Jonathan Kohler, Founder and CEO of Landsdowne.<\/p>\n\n\n\n

Due to its central location to Sandton and Randburg CBDs and offering good schools, medical facilities, shops, and entertainment facilities, Bryanston is a sought-after place to buy property. <\/p>\n\n\n\n

The area offers entry-level apartments to luxury family homes and residences.<\/p>\n\n\n\n

Images of the R53 million “The Pearl in the Oyster” can be found below:<\/p>\n\n\n\n

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Read<\/strong>: What you need to earn to afford the average house price in each province in South Africa<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A 6-bedroom property in Bryanston, Johannesburg, with sweeping views of Sandton, is on the market for R53 million.<\/p>\n","protected":false},"author":95,"featured_media":790011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26],"class_list":["post-790010","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\/790010","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\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=790010"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/790010\/revisions"}],"predecessor-version":[{"id":790070,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/790010\/revisions\/790070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/790011"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=790010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=790010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=790010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}