and Mauritius

Chinese Presence in Real Estate in South Africa and Mauritius
Honita Cowaloosur
areas of Parklands 11 , Camps Bay 12 , Loevenstein 13 , and sectional title properties in Kenilworth 14
and Vredekloof 15 ;
(iii) the average purchase price of sectional properties by Chinese individuals in the Cape Town
Metropolitan area is US$ 66,929, while the average purchase price of freehold properties in the
same area is US$ 114,686.
(iv) the most expensive acquisitions have been of freehold properties in Newlands 16 , Chapman’s
Peak 17 , Durbanville 18 , Sunset Beach 19 , Eversdal Heights 20 , and Rondebosch 21 . Except for the
Rondebosch properties which were purchased in 2007, the remaining high priced properties
were bought in the last five years only. Freehold properties in Newlands are only challenged in
price by sectional title acquisitions in Mouille Point 22 . The expensive sectional title properties
purchased by Chinese individuals in Cape Town remain around Century City 23 , Stellenbosch
Farms 24 , and Royal Ascot 25 .
(v) out of 125 sectional title properties bought by Chinese individuals in Cape Town, only six
were acquired prior to 2010. The remaining 119 were all bought after 2010.
(vi) throughout the last two decades, Parklands, and later Century City, have been consistent
destinations of choice for Chinese individuals in Cape Town.
Picture 4 Camps Bay
Source: Author (2015)
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