9/10 richest SA suburbs now in Cape Town

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Clifton Terraces at R100m (Seeff)
Clifton Terraces at R100m (Seeff)

Cape Town - Cape Town is home to nine of the ten richest suburbs in South Africa, Samuel Seeff, chair of the Seeff Property Group told Fin24 on Monday.

In his view, prices have "comfortably" reached R100m to R200m-plus levels on the Atlantic Seaboard, for instance, while top end luxury properties and locations can now range from R185m to R300m.

"Buyers and property investors - not just at the top end of the market, but across the board - want to know that they are investing in areas where service delivery and zero tolerance for corruption are hallmarks. They want to know that their investment is not just safe, but that it will grow in value," he explained.

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