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Sea Point's new development promises change
Cape Argus
|April 23, 2025
THE City of Cape Town has welcomed a property boost to Sea Point, which saw the launch of Mont Reve, a new mixed-use development that generated over R500 million in sales within 24 hours.
Situated along Regent Road, the development is estimated to provide 130 000 jobs.
This, while the residents' association said the development could exacerbate existing traffic congestion and infrastructure challenges. At the online sales launch held on March 26, 94 apartments were released, with 89 sold on day one.
The highest-priced unit sold for R23.995m. The project is developed by the Berman Brothers Group, and is exclusively marketed through Launchbase.
Mont Reve combines luxury residential units and a boutique hotel. The development's marketing team said 82% of the buyers were South African.
"The data reveals that local demand for well-positioned, future-forward urban homes remains high, especially when paired with strong long-term fundamentals," they said in a statement.
Denne historien er fra April 23, 2025-utgaven av Cape Argus.
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