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February 2010
 
LIFESTYLE LIVING
WESTERN CAPE
SOUTH AFRICA - WESTERN CAPE - BOLAND (WINELANDS) - SOMERSET WEST: R19.6mil
Contemporary Home in Prestigious Worlds View
The tranquility and privacy from this vibrant spectacular home on 3 500m2 exudes the magic and mystery of an African legend.

Situated on the slopes of the Helderberg Mountain and surrounded by the nature reserve, the unique blend of natural finishes of wood, stone, thatch and glass perfectly echoes the indigenous surrounds.

This magnificent home boasts 6 bedrooms and 5 bathrooms. Upon entering through its majestic front door, one is greeted by a massive entrance hall/reception area that leads to the open-plan lounge/dining room and entertainment area. The unique kitchen, on a raised platform, with all the integrated appliances and the huge double volume ceiling gives one the feeling of the ultimate in space and tranquility.

A piano bar forms part of this unusual open-plan concept, which includes various large open fireplaces, surround sound, theatre system and a clipsal home automation system.

The synergy flow between the indoor and outdoor is an integral part of the design. Leading to a wind free wooden deck, undercover lapa and braai area, and a magnificent rimflo pool, fitted with cocktail barstools inside the water. All this overlooks the greenery of established trees, coupled with ocean and mountain views.

Property Size: 3 500m2
Building Area Size: 1 100m2
Direction: South facing

Contact:
Mabel Botha

Email: mabel.botha@pamgolding.co.za
Cell: +27 (0) 83 458 3782
Office: +27 (0) 21 851 2633
Web Access: SW1016489

SOUTH AFRICA - WESTERN CAPE - ATLANTIC SEABOARD - BANTRY BAY: R45mil
Modern Magic. Extravagant Proportions
A symphony of steel, glass and wood with guaranteed ocean and city views towards Robben Island.

Generous bedroom accommodation, superb master suite and vast open living spaces, double volume mezzanine spa, gym room, heated lap pool and informal entertainment area with bar and kitchen. Elevator access to all levels.

A MASTERPIECE FOR THE DISCERNING BUYER.

Property Size: 597m2
Direction: North facing
Rates and Taxes: R4 860 per month

Contact:
Basil Moraitis

Email: basil.moraitis@pamgolding.co.za
Cell: +27 (0) 82 565 8481
Jackie Rosenburg
Email: jackie.rosenberg@pamgolding.co.za
Cell: +27 (0) 83 414 6600
Janice Toay
Email: janice.toay@pamgolding.co.za
Cell: +27 (0) 82 770 1510
Office: +27 (0) 21 439 1614
Web Access: PR1007416

SOUTH AFRICA - WESTERN CAPE - ATLANTIC SEABOARD - GRANGER BAY/ WATERCLUB: POA
This is the Finest Penthouse on Offer this Year
A penthouse of vast dimensions, encompassing approximately 415m2, internal and external, with north facing with views over the Marina and the azure ocean.

Peace and harmony exude from the interiors to the exterior canvas. Only the finest of materials and finishes have been purposely selected for this extraordinary penthouse of note.

The unit encompasses amazing up to the minute detail and presents a feast of maximum picture quality from all the angles.

Experience a happiness hormone upon arrival as you proceed to unwind in absolute style.

• Reception Rooms: 3
• Bedrooms: 3
• Bathrooms: 3

Property Size: 415m2
Building Area Size: 415m2
Rates and Taxes: R6 359 per month
Levies: R5 530 per month

Contact:
Lynn Pinn

Email: lynn.pinn@pamgolding.co.za
Cell: +27 (0) 83 631 4890
Paul Levy
Email: paul.levy@pamgolding.co.za
Cell: +27 (0) 83 300 3001
Office: +27 (0) 21 439 1614
Web Access: PR1013313

NEW - WESTERN CAPE - PROPERTIES OF DISTINCTION
Online Property Portfolio for Cape Town’s Southern Suburbs - Click here
Online Property Portfolio for Cape Town’s Atlantic Seaboard - Click here
Online Property Portfolio for Fancourt Properties
- Click here
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RESIDENTIAL LIFESTYLE PROPERTIES FOR SALE IN SOUTH AFRICA:
Gauteng:
Click here

Western Cape:
Click here
Various:
Click here
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EXCELLENT CAPE METRO SALES FOR PGP OVER FESTIVE SEASON
The month of December is always an unpredictable one for property market activity, and particularly so in the Western Cape where buyers are often distracted by the combined effects of the festive atmosphere, beautiful beach-going weather and the holidays.
These two adjacent vacant stands in Bantry Bay, zoned as single residential, were sold by Pam Golding Properties in January 2010 to a local buyer for R36.5 million.
A Busy Month
After the tough year endured by the industry in 2009, predictions for the period were conservative at best. But Pam Golding Properties’ MD for the Western Cape metro region, Laurie Wener, reports that the month was a surprisingly busy one for her agents.

Concerns
“We had seen a welcome upturn in market sentiment and sales momentum during the months of October and November 2009,” says Wener, “but it was never a given that this would be sustained during December and January. There were concerns that buyers would lose interest over the holiday period from mid-December, but these turned out to be unfounded.”

Persistent Activity
Activity persisted throughout the festive season, with sales being reported right up to, and including December 24th, and agents reporting buyer response and viewings over and even on the holidays in some areas. This was particularly noticeable in the Atlantic Seaboard and in the City Bowl, says Wener.


December Record Breaker
In fact, PGP recorded two record-breaking sales during this period. In December, Bishopscourt area specialist Myrna Duveen recorded the highest price ever for a residential property in the suburb, when she sold a home to a South African buyer for R40 million.
This broke the previous area records of R27 million and R33.5 million, both set by Myrna in November 2007.
This latest record-breaking 3-year-old home is a substantial classic Georgian property set on 4 000m² of landscaped grounds, in a prime position offering superb views.

January Record Breaker
Another record was achieved in January, when PGP’s area manager for the Atlantic Seaboard and City Bowl, and the Atlantic Seaboard’s top-end specialist, Basil Moraitis, sold two adjacent vacant stands in Bantry Bay, zoned as single residential, for R36.5 million, also to a local buyer.
The stands measure a combined total of 2 800m² and are situated in an elevated position with unique sea and mountain views to the north over Robben Island and views of Clifton and the Twelve Apostles to the west and south.
The previous highest price paid for vacant land in the suburb was R19 million in March 2009, for two adjacent vacant erven in De Wet Road measuring 1 292m².

Bantry Bay
Moraitis also sold a prime property in Bantry Bay to another local buyer during December. The home, requiring major renovations, was sold for R12.85 million after spending three years on the market.

Camps Bay Branch
Meanwhile, PGP’s Camps Bay branch concluded sales totaling over R34 million in December. These included a 600m² luxury sectional title apartment with expansive sea frontage situated within walking distance of the beach, which was sold for R18.24 million (VAT inclusive) by Barbara Rogers.

Llandudno
In Llandudno, PGP agent Sue O’Molony sold a property for R18 million – her second sale at this price level in that suburb during 2009.

Marked Increase
“It is a fact that our turnover during 2009 was sustained largely by good trading in the relatively recession-resistant luxury end of the market,” says Wener. “However, the period from November up to mid-January has shown a marked increase in sales activity across all price bands, with excellent sales in the lower- and middle price brackets.

Movement Resumes
“PGP’s Western Cape metro region reported an increase of 71% in sales turnover for the months of November to December 2009 when compared to the same period in 2008 – this, despite a marginal 2% decrease in the average property price value. This is surely an indication of the resumption of movement in the lower price brackets.”


Upturn in Apartment Sales
Wener adds that there was also a significant upturn in apartment sales. PGP’s sectional title teams in the City Bowl/Central City and Atlantic Seaboard sold 41 apartments priced under R2.6 million during this period.

Conclusion
In conclusion, Wener says PGP’s Western Cape Metro area reported a sales turnover of over half a billion rand, for the 6-week period commencing November 1, 2009.

We believe this is a clear indication of a recovery of confidence, facilitated by an easing of banks’ lending policies, as well as the rising levels excitement with the World Cup now just months away.

PGP’s MD for the Western Cape metro region, Laurie Wener, can be reached on +27 (0) 21 673 4200 or Email Here
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Pam Golding Property Group Head Office:
Monterey, 12-14 Klaassens Road, Bishopscourt, Cape Town, 7708.
South Africa
www.pamgolding.co.za
 

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