Sectional title values are testing new highs. Developers are fetching record prices in a number of new luxury apartment buildings in sought-after areas of Cape Town and Johannesburg SECTIONAL title values are testing new highs. Developers are fetching record prices in a number of new luxury apartment buildings in sought-after areas of Cape Town and Johannesburg.On the corner of Riebeeck and Long on Cape Town’s foreshore, seasoned developer John Rabie is transforming the old 23-storey Safmarine House into what will become the Swedish Rezidor group’s first apartment hotel in SA.The Louis Karol-designed skyscraper was Cape Town’s tallest building until Old Mutual completed its Portside last year.The new five-star Radisson Blu Hotel & Residence will offer a mix of hotel rooms and privately owned apartments. The first 11 floors will comprise 215 hotel rooms while floors 12-21 will house 128 luxury one-and two-bedroom apartments.The top two floors of the building will boast 10 penthouses ...
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