Some ultra-expensive homes have come onto Cape Town’s property market in recent months, with never-seen-before price tags. In relatively wind-free Fresnaye, high up on the slopes of Signal Hill, an “architectural art piece” is on sale for R300m.

The house is in Avenue Alexandra, off Kloof Road and above Bantry Bay. It is believed to be the most expensive residence for sale in South Africa. Marketed by Re/Max Living, the triple-storey mansion is known as the White House because of its presidential proportions...

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