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Home » Industry News » Property Development Sector » Park Place, Rabie’s new residential showpiece in Ratanga Park, is a soaring success

Park Place, Rabie’s new residential showpiece in Ratanga Park, is a soaring success

Rabie Property Developers launched the first phase of Park Place, comprising the first two of three buildings, to the public on Saturday 25th May. The launch was a soaring success with 90% of the units sold.

Park Place is Rabie’s exciting new waterfront development comprising luxury studio, one-bedroom, two bedroom and penthouse apartments. The development is set within Ratanga Park in Century City – an expansive six hectares of green parkland of mature trees, indigenous planting and tranquil waterfront connected to 8.5 kilometres of canals.

Park Place boasts exceptional lifestyle amenities with a clubhouse, a sparkling swimming pool, a boules court and a braai area with pizza oven. All the apartments and penthouses in Park Place are oriented towards the north, optimising natural light and providing maximum protection from the summer south-easter. From the higher floors, the views open up further, offering mesmerising vistas of Lion’s Head, Signal Hill and the glistening blue expanse of Table Bay. The ground-floor apartments offer private garden spaces.

Birdsong and the sound of running water make you feel like you’re deep in the country… and yet just 500 metres away is Century City’s vibrant urban square, Canal Walk Shopping Centre, a bevvy of boutique hotels, an international conference centre, and a great line-up of top coffee shops and restaurants.

Investors and residents benefit from total peace of mind, thanks to highly effective security measures that facilitate a healthy, walkable, connected and sociable new urban lifestyle.

Here you can stay near the epicentre of a major business hub, an international conference centre, and a host of co-working spaces, but never lose touch with the beauty close to nature. 

Residents can kayak, hit a nearby gym, join in a popular weekly 5km Park Run, or simply relax at the swimming pool. 

It’s the perfect space for digital natives and young professionals who rely on constant communication for work and leisure. 

Park Place residents will benefit from a high-speed open access fibre network providing lightning-fast and reliable internet access. A network of Wi-Fi hotspots throughout Century City lets you stay connected on the go, relaxing with your laptop in the park or enjoying an espresso at a nearby cafe.

Residents of Park Place will enjoy complete comfort every minute of the day, thanks to a unique system of security measures.

These start with the safe environment of Century City itself, with its extensive network of constantly monitored CCTV cameras and its own, dedicated rapid response team. All of which makes it perfectly safe to run through Ratanga Park at dawn or stroll back late at night from an evening out at Gusto, La Parada or Tiger’s Milk.

Key Investment Features

  • Studio apartments from R1,5 million
  • One-bedroom apartments from R2,2 million
  • Two-bedroom apartments from R3,3 million
  • 10% deposit
  • No transfer duty payable
  • Occupation: late 2025
  • Capital growth at Century City is growing at 10% p.a.
  • Insatiable rental demand for apartments at Ratanga Park
  • Aimed at EDGE certification for lower interest rates
  • Green building efficiencies lower running costs

Key Lifestyle Features

  • Tranquil, north-facing water’s edge location
  • Pool, sun deck, play park & boules court
  • Clubhouse with pizza oven & braai areas
  • Exquisite waterfront lifestyle with magnificent park views
  • An array of great shops & restaurants within 500m
  • Pre-installed fibre with access to a high-speed network
  • Full backup power – no more load-shedding
  • Perimeter fencing & monitored CCTV cameras
  • Secure onsite parking plus garages & storage units for sale
  • Timber-look vinyl flooring in bedrooms & living areas

Just 13 units are currently available from the release of Phase 1 and a third building will be released in Phase 2 soon.

Devon Usher, CEO at Property World, explains that the evergrowing semigration trend has driven impressive rental returns and multiple applications per apartment. “We have also seen buoyant capital growth and numerous profitable re-sales. This combination coupled with a diminishing supply of new developments in Century City makes Park Place an ideal investment.”

DEVON USHER, 082 446 9188, devon@propertyworld.co.za

TAMARIN SMITH, 084 301 8616, tamarin@propertyworld.co.za

Website: www.parkplace.capetown

 

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