APARTMENTS: SA’s first R180m flat
Leonardo sets new benchmark for house prices, Cape Town's One&Only fetched previous high SANDTON will soon be able to claim it has SA’s most expensive apartment, nudging Cape Town’s V&A Waterfront off the rooftop of luxury living.A 2100m² penthouse in The Leonardo, the Legacy hotel group and Nedbank’s new mixed-use skyscraper, a stone’s throw from the Johannesburg Stock Exchange, is expected to fetch a staggering R180m.Sol Kerzner’s One&Only Waterfront hotel holds the record for the highest price ever achieved for a sectional title property in SA — a 1076m² penthouse at the One&Only was sold for a cool R110m in 2008.The R2bn Leonardo development at 75 Maude Street, diagonally across from the Hotel Balalaika, will be Sandton’s tallest building, at 42 storeys or 150m. Construction will begin this year.While an R180m price tag for a sectional title property may have been unheard of in SA until now, apartments in international capitals that cater to the world’s super rich and famous can...
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