Cape Town's massive inner city development has driven prices upwards to the point where a “good” price for a small 1
bedroom unit is in the region of R1 million. Suburbs like Woodstock have seen a burst of successful developments,
but these will begin to slow as a lack of available sites drives prices upwards once more. Add to these factors the
ever-increasing snakes of traffic in & out of Cape Town, and the prospect of finding an affordable property close to the
CBD becomes a very attractive one.
Enter Palm Springs, a brand new, entry-level development, on the urban edge of Cape Town's CBD in the quiet suburb of
Brooklyn.
The Brooklyn, Ysterplaat, Rugby area has suddenly become the new development hotspot due to its location between
Cape Town and Century City, with easy access to the N1, the M5 and the R27 (Marine Drive). These suburbs were overlooked
during the massive growth north through Milnerton and Blouberg, and suddenly developers and investors are waking up to
their incredible potential.
(The site for Palm Springs was the only available site in Brooklyn for any new large development, making this not
only an excellent opportunity for investors, but probably the only one which will happen in the area.)
Palm Springs is aimed at 2 segments of the market: first-time homeowners, and the investor-buyer. The development
will comprise 350 one and two-bedroom apartments in a secure complex. The complex will have a funky pool party area
with an outside braai area, clubhouse, gym, laundry and crèche facilities. The entire complex will be surrounded by
a 2 meter wall topped with electric fencing and will be manned by 24-hour security. Besides the exotic palms, a
considerable amount of money will be spent on indigenous planting, in line with a water-wise planting policy.
Numerous green spaces will be created around the 2.5 Ha development.
The landmark development will comprise five 3-storey walk-up apartment blocks and two 5-storey blocks of 70 units each.
Due to its position on a slight rise, even garden flats will have excellent table mountain views, whilst 1st floor
units will have uninterrupted views of Table Bay and Cape Town to the West and the Hottentots Holland Mountains to
the East. Needles to say, the views from the 5th floor will be simply breathtaking.
Palm Springs has been designed by renowned architecture firm Arthur Quinton Darryl Croome, and the finishes options
have been professionaly compiled by Cori Quinton Interiors. All units have modern white kitchens with square edging,
aluminium handles and Kelvinator ovens & hobs.
2 bedroom apartments are priced from R 620,000 - including all legal fees and bank
charges with regard to the transfer of the unit. Anyone who buys in Palm Springs and gets their financing in place within 14
days, will receive a voucher for Fossil watch and they will also go into a draw
for a Diesel Clothing vouchers and a Jeep Wrangler.
Jackal Creek, an affordable golf estate in Johannesburg, is currently selling off-plan. More information
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