In the past five years, Cape Town’s city centre has seen a remarkable influx of investment capital as high-end luxury properties enjoy capital growth rates of around 20% per annum.
The Onyx, a stunning mixed-use development ideally situated within easy walking distance of the city’s major drawcard, the V&A Waterfront, is the perfect way to enter this top-performing real estate market, ranked second in the world in the Knight Frank Wealth Report for 2017.
Developed by blue-chip Cape-based developers Signatura, The Onyx offers a wide array of sectional title options, ranging from compact studios of 35 square metres to expansive penthouses with roof gardens and private pools of over 400 square metres, in an iconic building boasting a full-suite of hotel-style amenities including pool, gym, spa and restaurant.
Cape Town is one of world’s favourite holiday destinations, and with young professionals moving back to the city centre in droves, there is no shortage of good tenants.
Average apartment prices in Cape Town having more than doubled in the last five years as demand exceeds supply.
Onyx owners may opt to participate in a shared rental pool, managed by the award-winning hotel group, Newmark.
John Rabie, founder of Signatura, has transformed the property business in Cape Town and was recently featured in Forbes Africa. Known as the man who took 1.25 million square meters of marshy wasteland on the outskirts of Cape Town and turned it into the $1.95-billion Century City, he is also responsible for the trend of inner-city revival in Cape Town.