PROPERTY: Mouille Point Thrives On Urban Park
Recent Western Cape Business News
The opening of the new Green Point Urban Park is giving many Capetonians their first taste of an inner city “green lung” – as well as casting a spotlight on property in the surrounding Mouille Point area. Pam Golding Properties reports that property sales in the area have been brisk over the festive season, with many potential buyers being exposed to the enclave via their visits to the park. Although it has yet to be formally launched, the 12.5 hectare Urban Park has been welcoming visitors since December 2010. Over this period PGP reported a number of sales in Mouille Point, including a sale of over R13 million for a luxury apartment.
PGP’s area specialist for Mouille Point, Paul Levy, says the R50 million spent on developing the park has been a shot in the arm for the suburb. “What was once an under-utilised, dusty space in the very heart of the suburb, is now a beautiful, tranquil spot where residents can take a lunchtime breather from the office, enjoy a family picnic, cycle, jog or meditate amid peaceful water features and a biodiversity showcase garden.
Property sales continue apace in the area. At the end of November, Levy and Pinn sold a 452sqm apartment at The Breakers for R13.125 million – to a local couple, downscaling from a larger home in Fresnaye.
Perhaps the best demonstration of the area’s popularity is Amalfi, the new luxury apartment complex which is being developed at the north-western end of the park. The 25-unit building was 50 percent sold out by PGP within five weeks of its launch to market, and there are now just 13 units left for sale, priced from R4.5 million upwards.
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