Highly-acclaimed Rawson Developers are back with some exciting news for investors in the Cape Town property market. Having successfully launched The Tokyo, a 148-unit development in March 2021, the new release arrives just 120 meters up this trendy road.
New lock-up-and-go residential apartments from R950k to launch in central Cape Town: Rawson Developers has set their sights on one of Cape Town’s hot spots for their latest residential project, The Tokyo.
Meanwhile, in the background, first-time buyers and investors were flooding to the developers’ sales offices to snap up these tiny apartments.
The sheer speed of the sales was almost unprecedented. Micro-apartments at Newlands Peak in Newlands (by Rawson Developers) sold out entirely on launch day. BlackBrick Cape Town in the city’s CBD (by Ryan Joffe Properties) sold 60% of its micro-units in its first week. The Flamingo in Sea Point (by Signatura) enjoyed similar success, with only 5 of its compact studios still listed as available.
So, what is the secret behind the appeal of these controversial, small-space properties?
“One of the biggest and most obvious attractions of micro-apartments is their relative affordability,” says Brad Morgan, Head of Marketing at Rawson Developers. “With interest rates as low as they are today, first-time buyers can get their hands on a micro-unit in a top-tier lifestyle development for a very similar monthly outlay to what they would no