SAs most expensive homes
ABODES: Prices for the 152 apartments at La Residence range from R3
-million for a one-bedroom unit to more than R25-million for each of
the six other ordinary penthouses
Prices for the 152 apartments in the development, above Nedbank Groups head office on the corner of Rivonia and Maude streets in Sandton, range from R3-million for a one-bedroom unit to more than R25-million for each of the six other ordinary penthouses.
The developers said last week that only one of the two penthouses was still available and two bidders were vying for it. The bidding war could send the price even higher and mark a new record for a flat in South
Africa. Deeds records show that the priciest apartment in South Africa, at Eventide in Cape Towns sought-after Clifton, was bought for R34-million in February last year.
Sold by the Jerome and Evelyn Smith Family Trust, the 338m² apartment had been bought in July 2006 for R28-million.
Now La Residence threatens to smash that record price. The R1.6-billion development, near the Gautrain station now under construction, is scheduled to be finished and ready for occupation by the end of 2010.
Other features include a 24-hour security system with three dimensional face recognition, and a bank of lifts each of which travels directly to individual units.
Article from: www.sundaytimes.co.za