R24-billion will buy you downtown Cape Town

25 May 2016 - 13:03 By FARREN COLLINS and ARON HYMAN

The value of the properties that make up the 1.6km² area of downtown Cape Town has grown to nearly R24-billion from just R6.1-billion in 2006.Since June 2015 nearly R8-billion has gone into developing property in the city centre, and residential property prices have shot up to an average of R24483 per m².

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