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Kyalami Racetrack up for auction The iconic Kyalami Racetrack which started back in 1961 will be auctioned on 24 July at Summer Place in Hyde Park, Johannesburg at 12pm.SUN1 Midrand's budget hotel propertySUN1 Midrand in Gauteng, formerly Hotel Formula 1 property, has been rebranded and opened with a fresh look and affordable price of R435 per night. Luxury property market: What sets it apart is more than price What sets the luxury market apart is its independence from broader economic trends and understanding what drives this market requires looking beyond the numbers to the intangibles that define true luxury.