HOT PROPERTY: Cape Town’s old Ambassador Hotel sets new price benchmark
WHERE: Bantry Bay, Cape Town
Agent: Dogon Properties
Cape Town’s old Ambassador Hotel in Victoria Road is currently being transformed into an uber-luxury sectional title development that is setting a new benchmark for Atlantic Seaboard prices. The new development, titled Aurum, will comprise eight luxury presidential penthouses (one per floor) that boast spectacular ocean views, as well as 15 apartments across the road. Units are selling off-plan at an average R180,000/m².
WHERE: Berlin, Germany
Agent: IP Global
Micro-apartments, self-contained studio or one-bedroom flats typically sized below 25m², are becoming all the rage among millennials in global cities such as London, Paris and Berlin. Cape Town-based IP Global is offering SA investors the opportunity to buy a micro-apartment in Köda, a new complex in Berlin’s up-and-coming neighbourhood of Neukölln. Units are currently selling off-plan with completion expected by mid-2018.