A second phase for The Palms, a security estate in the Ferness Estate area of Ottery, Cape Town, was launched on 3 September 2017.
On offer are 113, two bedroom, one bathroom apartments, with open-plan kitchen, dining and living areas, priced from R995 000 including VAT. The price includes a parking bay for each apartment and garages are available to purchase.On offer are 113, two bedroom, one bathroom apartments, with open-plan kitchen, dining and living areas, priced from R995 000 including VAT. The price includes a parking bay for each apartment and garages are available to purchase. Garden units have exclusive use garden areas of between 21sqm and 123sqm, and the top floor apartments have fantastic views of the Constantiaberg mountain and Devils Peak.
Defined by clean and contemporary architectural lines, specifications include marble tops in kitchen and bathrooms, porcelain tiles throughout, and built-in cupboards in the main bedroom and kitchen, plus silver built-in oven and hob.
“The tremendous success of the first phase of this development, has resulted in a complete sell-out and all residents are already in occupation,” says Mike Greeff, CEO of Greeff Christie’s International Real Estate.
“This is an exciting development, since it offers an affordable living solution and has the appeal of a new product combined with the peace of mind of security, in the southeast suburbs, where community life is thriving, and property values are climbing.”
According to Propstats data, the average selling price of property (for all property types and title types) for the past 12 months was R1 219 583, Greeff.
Defined by clean and contemporary architectural lines, specifications include marble tops in kitchen and bathrooms, porcelain tiles throughout, and built-in cupboards in the main bedroom and kitchen, plus silver built-in oven and hob.He says these stats indicate that the average time properties spent on the market before being sold is only 12 days, and selling prices are on average only 2.6% below asking price.
Greeff says the residents of Ottery enjoy excellent access to various amenities including schools, and Ottery is also renowned for its abundant shopping opportunities, which include China Town, the Ottery shopping centre and the Ottery Value Centre. The community is also serviced by a police station, a new driving license testing centre and easy access to public transport.
Estimated completion of phase two of The Palms is February 2019, and properties in the development are on show Sundays from 14h00 to 17h00.
For more information, email Greeff Christie’s International Real Estate.
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