De Plattekloof Lifestyle Estate sells showhouse at first viewing event

De Plattekloof Lifestyle Estate sells showhouse at first viewing event

The interior of the showhouse at De Plattekloof Lifestyle Estate, which was sold with all furnishings, on the day of its Grand Reveal.

Sales at the elite De Plattekloof Lifestyle Estate in Plattekloof, Cape Town, have now exceeded the R300 million mark, at R330m.

De Plattekloof was launched in May 2017, offering a five-star lifestyle for the over-fifties, and recently received the Residential Development South Africa 2018-2019 accolade at the African Property Awards.

The spectacular views of Table Bay, Table Mountain and Robben Island and proximity to the city are among the reasons why many rich people buy in Plattekloof. Property price appreciation in the area is boosted by the presence of Baronetcy Estate, where plots range in price from R3.95m for 586m2 (R6 740/m2) to R6.5m for 1 282m2 (R5 070/m2) and homes from just over R7m up to R33m.

De Plattekloof Lifestyle Estate is next to Baronetcy Estate – and also shares the same developer, Arun Holdings. Arun Lifestyle with the backing of Arun Holdings is collaborating with Old Mutual Alternative Investments to create De Plattekloof.

Says Johan Laubscher of Arun Holdings: “Since January we have sold four of our homes priced at R7m apiece, but De Plattekloof also has other attractive options available at very accessible price points, making it possible for a wide range of buyers to experience the retirement lifestyle on offer. For example, an assisted living apartment may be bought in the Tijgerzicht complex for R1.367m, while an entry-level independent living apartment is priced at R1.586m.

“Properties in De Plattekloof are sold with full ownership. If someone buys an apartment for R1.5m and lives there for 10 years – and if we apply just the national capital growth average of 5% – that apartment will be worth R2.443m in 2029. That is just shy of R1m in capital growth, which adds to protecting your wealth against the effects of inflation and ultimately could benefit your estate.”

The Tijgerzicht assisted living apartments are 55% sold, and this complex includes a recreational lounge, dining, coffee and bar areas, as well as a modern healthcare centre managed by Medwell SA. The Bloemendal and Lebenstijn independent living apartments are also complete. Diemerskuijl is the next independent living apartment scheme now selling at De Plattekloof, and is under construction with completion set for later this year.

Adds Laubscher: “Our first set of homes is now also ready for sale, and we have a furnished show unit ready for viewing. Specifications include built-in Smeg ovens, hobs and extractors and integrated Smeg fridges.

“The Grand Reveal Event on March 30 where we showcased our fully furnished showhouse attracted over 90 visitors and resulted in a number of sales. One of these sales was of the showhouse itself – including furniture and all fittings. Fortunately, we have other showhouses on offer. We are on show on weekdays between 10am and 5pm, and on weekends from 2pm to 5pm, or by private appointment.”