• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Penthouse sells for R50m

Jul 27 2011 15:13
I-Net Bridge
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.


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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote