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Based on the latest Deeds Office and sales data.
By Samuel Seeff
10 Jul 2021 00:01
Image: Shutterstock
Ten years ago, there were just four top suburbs with an average selling price of just over R10 million. Now, all ten of South Africaâs top suburbs fall above this with average prices ranging from R12 million to over R20 million, says Samuel Seeff, chairman of the Seeff Property Group.
Based on the latest Deeds Office and sales data, these rank as below. It includes eight Cape Town suburbs (six on the Atlantic Seaboard and two in the Southern Suburbs) along with one Sandton and one Johannesburg suburb.
Top 5 most expensive suburbs in SA
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And this list will undoubtedly grow in the coming weeks and months as more companies seek to get an early foot in the door of what is expected to be an enormous and potentially lucrative new sector. Let s not forget that despite the massive potential for green hydrogen to decarbonise transport, heating and heavy industry, this is still a nascent sector the largest electrolyser currently in operation is only 20MW.
The thinking behind leaping from megawatt-scale to gigawatt-scale is that the future demand for green H
2 will be gigantic, and that costs can be quickly driven down through economies of scale, with a view to making renewable hydrogen cheaper than highly polluting grey (produced from unabated natural gas or coal) by 2030.