Home News Africa South Africa to launch first high rise luxury apartments in Waterfall city

South Africa to launch first high rise luxury apartments in Waterfall city

South Africa’s Waterfall city is set to launch its first high rise luxury apartment dubbed Ellipse Waterfall in Gauteng estimated to cost a whooping US $83m.

According to Attacq, the leading Waterfall city constructing company’s chief executive, Tim Kloeck who has partnered with Tricolt, a property development company to develop the apartment, the Ellipse Waterfall will comprise of 590 apartments that will stand on four towers, namely Newton, Kepler, Da Vinci and Galileo towers.

Also read: World Bank to support Kenya’s affordable housing project

The Waterfall development

The Waterfall development sits on 2 200 hectares of land and will comprise of 18,500 units in the residential area.Phase one of construction will be completed in 18 months and will commence once 70% of the apartments are pre-sold.The apartment will also feature 980 parking bays that will be fitted in two underground basement that will also be constructed.

A one-bedroomed apartment sitting at 44m² will cost US $104,000 while a duplex penthouse with a rooftop terrace and pool sitting at 327m² will cost US $834,000.Giles Pendleton, the head of developments at Attacq, said that the Waterfall city will have a 57,000 night time population and a 70,000 daytime population from its residence in the different residential units.

The development will have amenities such as a lap pool, leisure pool, gas braai facilities, a 1 km fitness track with pull-up bars and different types of outdoor exercise machinery. Kloeck further added that Ellipse Waterfall residence of all ages will have access to an exclusive multi-concept lifestyle destination called. The Luna Club that is fitted with a gymnasium, spa and sauna facilities, a business center with a boardroom and conference facility, lounge and bar area, coffee bar and a children’s playroom.

 

2 COMMENTS

  1. with a per square cost ranging between kshs 235,000= and 255,000/= i thought this is v.expensive.

  2. Oh dope! So this is the final product kept thinking the extending the mall, saw yesterday they were busy with the roads.

LEAVE A REPLY

Please enter your comment!
Please enter your name here