Certain neighbourhoods across South Africa have demonstrated a particularly healthy environment for sectional-title investors, including Sandton and Sandhurst in Johannesburg and Cape Town’s southern suburbs and Atlantic seaboard. In Green Point, where the average sectional-title sale price rocketed from R2,8 million in 2016 to over R3,4 million this year, demand for apartments as primary dwellings or investment properties has increased substantially. The Atlantic Seaboard has averaged 6-7% year-on-year yield for investors over the last year. Demand for rental property in Cape Town has driven up average rental rates over the last decade and shows no signs of letting up, holding promise of even stronger investment yields in years to come.
A new sectional-title development on the lower slopes of Signal Hill in Green Point is currently in its selling stage. Romney Park Luxury Apartments, formerly a five-star all-suite hotel that was voted South Africa’s best six years running, features 26 north-facing apartments – all with sea views – starting from R3 090 000. Romney Park’s unique brand of luxury lifestyle and modern convenience affords prospective residents the opportunity to lead a secure, private and luxurious life in the heart of Cape Town.
Sectional-title property promises investors competitive purchase prices, solid year-on-year yields, sustainable capital growth and easy liquidity, making it one of the most reliable and efficient medium- to long-term investment options.[/customfont1]