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Western Cape

New visa requirements hit Cape Town property sales

Sales to foreign buyers across Cape Town’s Atlantic Seaboard and City Bowl are down by more than 30% year-on-year despite the more attractive pricing facilitated by the slump in the value of the rand against the Pound Sterling, Euro and Dollar. ... Full story

Mixed-use development set to change the scene in Cape Town

Richmond Park, a new multi-billion rand mixed-use development launched yesterday, is set to become a prominent landmark in Western Cape on a prime greenfields site in Milnerton adjacent to the N7 highway. ... Full story

Cape Town grants Tutu’s body a leasing property deal

The City of Cape Town is considering offering a leasing property deal for the Desmond & Leah Tutu Legacy Foundation with the hope that it will help rejuvenate the grimy inner city centre. ... Full story

Build low-cost housing instead of land sale — Cosatu

Trade union federation Cosatu has demanded that the City of Cape Town release the findings of an audit of the land it owns and wants it used for low-cost housing instead of being sold to property developers. ... Full story

Cape Town Govt keen to dispose prime sites

The Western Cape government is considering selling off four of its prime properties, including parts of the Somerset Hospital precinct next to the V&A Waterfront. ... Full story

Cape Town’s V&A Waterfront expansion pays off

Public Investment Corporation (PIC) and Growthpoint Properties are reaping the rewards of expanding and refurbishing Cape Town’s Victoria & Alfred (V&A) Waterfront, as the precinct has become the most visited landmark in South Africa, attracting 23 million visitors a year. ... Full story

Commercial Property Owners, City of Cape Town eager to work together

Commercial Property owners represented by the South African Property Owners Association (SAPOA) and the City of Cape Town promised each other that they would work to unlock opportunities by facilitating collaboration between the public and private sector. ... Full story

SA Property Sector probes Western Cape development process delays

Preliminary numbers in the draft report entitled The Role and Impact of the Commercial Property Sector – Western Cape Province show the private property sector contributes significantly to the Western Cape economy. ... Full story

Cape Town Stadium cannot be knocked down

City authorities reiterated on Thursday that the demolition of the loss-making Cape Town Stadium was not “going to be an option” after some residents again called on the city to consider demolishing the World Cup venue. ... Full story

Western Cape construction workers down tools

Construction workers in the Western Cape marched to the Building Industry Bargaining Council (BIBC) in Cape Town demanding higher wages on Wednesday. ... Full story

Rising Cape Town CBD eateries meets demand of expanding labour force

According to statistics, around 350 000 people pass through the Central City of Cape Town daily, and the numbers are growing. ... Full story

Cape Town's city skyline to feature stunning additions

Development planned for the Cape Town city centre, some of which is already under way, will profoundly change the look of the CBD and surrounding areas in the next few years. ... Full story

Study reveals Western Cape inefficient use of property space

Speaking last week at the IPD property investment conference, Western Cape head of public works, Gary Fisher said his province could theoretically save R120 million each year by improving the space utilisation of its office buildings, to reflect national private sector averages. ... Full story

Cape Town CBD’s building refurbishments makes push for International appeal

A steady stream of building renovations continues to add commercial value to Cape Town’s Central Business District (CBD), ensuring that it remains a quality environment in which to do business. ... Full story

Western Cape gets R350m TV and fridge factory

The R350 million TV and fridge Hisense factory in the Western Cape was Inaugurated by Economic Development Minister Ebrahim Patel on Thursday, saying the investment will improve job prospects, especially for the youth. ... Full story

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