Cape Town is home to Africa's most expensive and sought-after penthouses, and wealthy buyers with a penchant for super-chic city living are forking out up to R100-million for some of these exclusive residences.
CAPE Town is home to Africa's most expensive and sought-after penthouses, and wealthy buyers with a penchant for super-chic city living are forking out up to R100-million for some of these exclusive residences.
Sandton, in Johannesburg, is also not short of de luxe penthouses - including at the Michelangelo Towers and the Regency, with price tags of up to R65-million.
A couple of homes have just sold for between R55.5-million and R110-million at the V&A Waterfront, in Cape Town.
Ian Slot, managing director of property company Seeff's Atlantic seaboard and City Bowl operations, said buyers were attracted by the spaciousness and tailored finishes of the penthouses.
Added to the mix of attractions are the breathtaking Atlantic sea views and the panorama of Table Mountain.
"These residences are exclusive and offer unparalleled privacy with restricted access. Penthouses are usually in limited supply, which adds to their exclusivity.
"With 1300m2 spread over two levels, opulent finishes, a rooftop terrace and swimming pool, The One Penthouse, at the One & Only Hotel in Cape Town, sold for more than R110-million."
Slot said that in the past four years 14 penthouses had been sold along the Atlantic seaboard at a combined value of nearly R310-million and an average price of R22-million.
All but two were cash sales.
The Cupola penthouse on the 33rd floor of Michelangelo Towers, Johannesburg, costs R55000 a night.
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