Properties bought off plan in new residential developments in Century City in recent years have shown capital appreciation of between 20 to 35 percent by the time purchasers have taken transfer 18 months later.
Construction of Manhattan Quarter, a complex of 63 apartments overlooking the Grand Canal in Century City, has topped out and is on schedule for completion in mid-October.
Buyers snapped up 106 of the 144 apartments in Waters Edge, Rabie Property Group’s latest residential development at Century City, for a total value of R256,6 million at its launch last week.
More than a year ahead of completion, buyers have snapped up 105 of the 140 Ashton Park Century City apartments, a new residential development by the Rabie Property Group.
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