• Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

  • Fool's paradise

    Greece's new leader is in the same position as the ANC in 1994, says Leopold Scholtz.

Loading...
See More

Penthouse sells for R50m

Jul 27 2011 15:13 I-Net Bridge

Related Articles

Property tycoon in new row

Auctioneers get a hammering

It's a buyers' market: ooba

Cape attracts most property buyers

Most SA houses worth less than R500k

Wealthy snub Tuscan houses, jacuzzis

 
Johannesburg - A penthouse in the Cape Town suburb of Mouille Point has been sold for a record price of R50m, the highest price achieved for a penthouse in the area.

The property, which is considered one of the finest pieces of real estate along the Atlantic Seaboard, generated extensive interest from both local and international buyers.

"The sale of this property shows a renewed interest in platinum properties (property valued at over R5m), particularly in the Western Cape," said Craig Berman, national property director of Auction Alliance.

It features a triple layered glass staircase and is a few minutes' walk from the V&A Waterfront. It was sold to a local businessman.
property

NEXT ON FIN24X

 

Latest Articles

8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
15 Investment Tips for 2015 Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
13 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...