Wednesday, September 28, 2011

Green Property Commands More Green

Earlier in the day, I uploaded an article to our forum titled ‘Going green benefits property prices’ in which Century City in Cape Town, is named as a case of Point.

“Century City multi-purpose lifestyle and green complex in Cape Town is charging R1.2 million to R1.4 million for a two bedroom apartment - above average house prices.”

Century City, next to the N1 highway alongside Ysterplaat Air force Base, borders on several low end suburbs with an Industrial area to its back, the land there is also flat and is positioned right in the wind zone, in essence, it wasn’t built in the most desirable location the mother city has to offer.

With respect to residential property, it seems as though they have created an oasis in a neighbourhood that historically would not have been considered a sound investment.

When I contemplate everything I personally do not like about the area, and consider that people are willing to pay a premium to live there, I have to commend whoever the developers were, for their tremendous vision and foresight.

Ernest Roper
Regional Manager Durban


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