Buyers and investors of an upmarket apartment development on the West Coast of Cape Town are looking forward to moving into their newly built homes.
Buyers at Asrin Property Developers’ Azure on the Bay development at Big Bay will begin to receive the keys to their apartments soon, with practical completion now having been reached and full completion of the development expected by mid-August, says Shiraaz Hassan, commercial director for Asrin.
Construction began just 16 months ago and since then confidence in the market and the product has amplified, he said. Of the 83 apartments there are currently only three units left for sale and these are expected to be sold by the time handovers begin, he said.
Azure is perfectly sited within the Big Bay waterfront node, said Hassan, and apartments here have sold from R1,8 to R3,5 million, and the last three are priced around R2,6 million.
Buyer commitment was very high from the beginning with many willing to put down as much as 50% to 70% of the asking price as deposits (in cash).
Buyers into this scheme have been attracted by the unique design of the building, with its richly landscaped, sheltered communal courtyard area with pool, basement parking, and view corridors strategically placed so that each unit enjoys a view of either Table Bay, the courtyard or the sea. In addition, being close to the ocean and a stone’s throw from the popular Eden on the Bay retail and lifestyle centre allows the discerning buyer to enjoy the best that the West Coast has to offer without having to drive anywhere.
‘The fact that buyers, too, get all the benefits of beachfront living at a fraction of the cost of many of the Atlantic Seaboard suburbs has contributed to Azure’s popularity and we look forward to handing the units over to the new residents here,” said Hassan.
“With many of the units already gaining an average of 8 % above inflation in value since the development’s launch, it is easy to see why those who have bought here have opted for this development to invest in and we look forward to handing over completed units to our eager buyers,” said Hassan.
View the magnificent area here: