It will be interesting to see the level of demand for Sol Kerzner’s latest project, a R1bn uber-exclusive housing estate to be developed on a portion of the Sun City developer’s Leeukoppie property in Hout Bay. Some may say the timing of this week’s launch of Kerzner Estate is unfortunate, given that Cape Town’s water crisis has seemingly prompted the well-heeled to put property-buying decisions on hold (Features February 1-7). The 82-year-old Troyeville-raised chartered accountant, together with his eldest daughter Andrea, launched the development this week at the family’s Leeukoppie residence, famed for its celebrity-studded New Year’s Eve bashes. The new eco-estate, high on the slopes of the Klein Leeukop mountain and with expansive ocean views, takes up a 10ha portion of Kerzner’s 150ha Leeukoppie property. The development will, on completion, include 48 three, four and five-bedroom homes at between 374m² and 738m² on stands of 1,500m². Prices start from R20.5m (including Vat). ...

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