Launched in May 2017, sales at the elite De Plattekloof Lifestyle Estate have now exceeded the R300 million mark, at R330 million. De Plattekloof offers a five-star lifestyle for the over-fifties, and recently received the Residential Development South Africa 2018-2019 accolade at the African Property Awards.
This development is set in its namesake, Plattekloof, which is ranked as one of the top three areas of Cape Town’s Northern suburbs. The spectacular views of Table Bay, Table Mountain and Robben Island and close proximity to the city are among the reasons why many high net worth individuals buy in Plattekloof. Property price appreciation in the area is boosted by the presence of Baronetcy Estate, the most exclusive estate in the northern suburbs, where plots currently range in price from R3.95m for 586 m2 (R6740 per m2) to R6.5m for 1282m2 (R5070 per m2) and homes from just over R7m up to R33m.
De Plattekloof Lifestyle Estate is set right next to Baronetcy Estate – and also shares the same developer, Arun Holdings. Arun Lifestyle with the backing of Arun Holdings is collaborating with Old Mutual Alternative Investments to create De Plattekloof.
Says Johan Laubscher of Arun Holdings: “We are extremely committed to providing top-quality residential products, and De Plattekloof is another of our elite offerings. Clearly purchasers have realised the tremendous value – both monetary and in terms of lifestyle – that they will be able to experience here. Since 3 January we have sold, among others, four of our exquisite homes priced at R7m apiece, but De Plattekloof also has other attractive options available at very accessible price points, making it possible for a wide range of buyers to experience the unique retirement lifestyle on offer. For example, an assisted living apartment may be bought in the Tijgerzicht complex for R1.367m, while an entry-level independent living apartment is priced at R1.586m.
“Properties in De Plattekloof are sold with full ownership. If someone buys an apartment at De Plattekloof for R1.5m and lives there for 10 years – and if we apply just the national capital growth average of 5% – that apartment will be worth R2.443m in 2029. That is just shy of R1m in capital growth, which adds to protecting your wealth against the effects of inflation and ultimately could benefit your estate. If the age-old adage of location, location, location is to be applied, we have little doubt that De Plattekloof will comfortably surpass this conservative growth average. The neighbourhood, neighbour, developer track-record, quality of the properties and amenities make for a sure-fire winning recipe.”
The Tijgerzicht assisted living apartments are 55% sold, and this complex includes a thoughtfully designed recreational lounge, dining and elegant coffee and bar area, as well as a state of the art healthcare centre managed by Medwell SA. The Bloemendal and Lebenstijn independent living apartments are also complete. Diemerskuijl is the next independent living apartment scheme now selling at De Plattekloof, and is under construction with completion set for later this year.
Adds Laubscher: “Our first set of exquisite homes is now also ready for sale, and we have a fully furnished show unit ready for viewing. These homes include very high specifications, such as built-in Smeg oven, hob and extractors and integrated Smeg fridges.
“The Grand Reveal Event on 30 March where we showcased our fully furnished showhouse attracted over 90 visitors and resulted in a number of sales. One of these sales was of the showhouse itself – inclusive of furniture, lock, stock and barrel. Fortunately, we have other showhouses on offer for those that are interested. We encourage interested parties to come and experience the estate. We are on show on weekdays between 10h00 and 17h00, and on weekends from 14h00 to 17h00, or by private appointment.”
For further information please contact Dawid Prinsloo on 060 960 0100, email email@example.com.