Cape Town’s The Rockefeller is perhaps not so affordable
CAPE TOWN – Cape Town’s new apartment complex, The Rockerfeller aims to provide affordable living in the City center and has already sold R220 million worth of units within the span of one week.
However, enraged Twitter followers claim that these apartments are not affordable at all.
The development launched on March 15 and boasts 278 apartments spaced out over 13 floors.
The 13-storey development by Narrative and Ryan Joffe Properties features apartments which range from 23m² to 44m² with a starting price of R1.26 million.
Meanwhile, the highest priced unit for sale is R 3 654 000.
The developers said that the construction of The Rockefeller is to provide accessible and affordable apartment living within the CBD.
“There are no other developments within the Cape Town CBD at this price point, and in an over-subscribed and under-supplied market, prices have soared and owning property has become largely out of reach for many”, says founder of Ryan Joffe properties, Ryan Joffe.
The Rockefeller is also located close to highways and transport routes which makes it easy to commute.
Source: iol.co.za