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R170 million apartment is the most expensive on the market

Listed at R170 million, an eight-bedroom apartment situated Clifton is the most expensive in South Africa.  

There has been loads of curiosity in the unit since its itemizing on December 7, 2020 says Karryn Cartoulis, gross sales affiliate at RE/MAX Living. Even so, for 2020, the whole worth of property bought in Clifton reached R116.5 million, which was a decline in comparison with the R191.55 million reached in 2019. 


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The Clifton space has seen quite a few mentionable gross sales over the final decade with a R198 million sale in 2012, and a R120 million sale on Nettleton Road in 2017

Meanwhile surrounding neighbourhood Fresnaye reached R221.77 million in whole gross sales for 2020 in comparison with the R455.216 million achieved in 2019.  

Buyers can count on to pay a R46 000 levy. Image: Re/Max

Luxury Levies 

Luxury properties usually are not with out their bills. For this R170 million property the purchaser can count on to pay a levy of R45 832 a month in response to Cartoulis. 

In distinction, a 4 bed room apartment on sale in Clifton at R120 million instructions a levy of R27 920 a month. Alternatively, a smaller 3 bed room apartment in the identical space, at the value of R13.5 million, would require a levy of R5 500 a month in response to Private Property.  

Price ranges 

This apartment is a part of a posh, which in whole is unfold over 9 flooring and is residence to 30 completely different models. However, Cartoulis maintains that the apartment is extra luxurious than its neighbouring houses. 

“It is a double-storey penthouse that was redesigned [or] renovated by Antoni Associates,” she begins earlier than elaborating that three separate properties cumulated collectively to kind this one apartment. 

Price ranges for flats in Clifton differ in response to its numerous traits. Last year, the least expensive apartment was bought for round R8.4 million whereas the most expensive property was negotiated to R30 million. 

In Fresnaye, the least expensive apartment bought for R2.225 million and the most expensive sale amounted to roughly R6.5 million. 

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