New Century City apartments selling like hotcakes

Buyers have snapped up 53 of the 63 apartments in Manhattan Quarter, a residential development in Century City, ahead of construction starting.

The size of flats still available in Manhattan Quarter in Cape Town's Century City vary from around 104sqm to 210sqm, and are selling from R2.4 million to R3.85 million. All apartments will have secured, covered parking for two cars and overlook either the Grand Canal or the largest public park in Century City.

This is according to Brian Usher of Property World, the on-site agency for new development sales at Century City, who says apartments sold to date account for 84% in number and just over 80% in value, with two of the remaining 10 units under serious negotiation.

“All the apartments in Manhattan Quarter are generously sized and units remaining include a spread of two and three bedroom apartments, and even a four bedroom duplex, so prospective buyers still have a good choice.”

He said the size of the units still available, including balconies, vary from around 104sqm to 210sqm.

“As such these apartments are perfect to live in, and not surprisingly have been very popular with owner occupiers,” says Usher.

“This is not only due to their generous proportions, but also the very convenient location of Manhattan Quarter, which will be in easy walking distances of Canal Walk Shopping Centre, restaurants, a park, schools and crèches.”

Being developed at a cost of R150 million, he says Manhattan Quarter is being built on a site adjoining Manhattan Towers, a 15 storey block of 82 apartments set over a ground floor commercial component, including a restaurant and conference facilities, and Manhattan Wharfside, a strip of single and double storey apartments fronting onto the Grand Canal.

The existing Manhattan components were built in red face brick, and this architectural element will be carried through to Manhattan Quarter, says Usher.

Apartments remaining to be sold are priced from R2.4 million to R3.85 million, and all apartments will have secured, covered parking for two cars and overlook either the Grand Canal or the largest public park in Century City.

The apartments will be housed in two adjoining blocks with a staggered skyline of three, four and five storey sections, and serviced by two lifts off a central lobby with a desk for a concierge.

The rest of the Manhattan precinct is also being developed, and will include a commercial component, a restaurant, a large park and a crèche.

Construction of Manhattan Quarter, which has been designed by Munnik Visser Architects, is to be undertaken by Big Ben Construction and is due to start this month with transfers scheduled for October 2016.

For more information, email Brian Usher, or visit the website.