2013 - Maboneng Precinct
2013 - Maboneng Precinct
2013 - Maboneng Precinct
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III . PROPERTY GROWTH IN MABONENG<br />
THE RESIDENTIAL MARKET<br />
Residential apartments in the <strong>Maboneng</strong><br />
<strong>Precinct</strong> have achieved consistent<br />
price growth over the past 3 years with<br />
medium sized units showing the strongest<br />
initial growth. More recently, penthouse<br />
units have shown the strongest growth<br />
as demand for larger apartments has<br />
increased over the 3 year period.<br />
With a limited supply of larger penthouse<br />
units and further development of small to<br />
mid sized apartments, price growth per<br />
square meter was seen to be strongest in<br />
these 2 unit types, particularly the smaller<br />
units which are currently selling for just<br />
under R12,000 per square meter. Growth<br />
per square meter has been positive<br />
throughout the portfolio and indications<br />
are that growth will continue in the<br />
forseable future.<br />
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6<br />
7<br />
Artwork by Steve Espo Powers - photgraph by Martha Cooper for Adidas I ART Joburg<br />
<strong>2013</strong>
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