Comment 79712

By Web Caste (anonymous) | Posted August 13, 2012 at 22:44:38

Considering that Capetown is more populous than Toronto, the scale of those developments looks positively modest; the skyline doesn't really seem to tower. One upshot of that situation is that the V&A square footage becomes that much more valuable.

For example, The Taj Residences are listing at anywhere from $435K USD for a studio to $940K USD for a 2BR. V&A Waterfront properties are listing slightly higher... around $800K USD for a 1BR, $1.3M USD for a 2BR, $2.7M USD for a 3BR and $9.2M USD for a two-storey penthouse. That's not unreasonable in light of the setting and amenities. (For sake of reference, just across the Skyway, mundane 2BR condos routinely list for $500K-$700K.)

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