South Africa: Cape Town Skyscraper to Include 'Affordable' Apartments - at R800 000 Each
Cape Town property developers FWJK have promised that their planned city centre skyscraper will include affordable housing - but the price of the "affordable" apartments will be "less than R800 000". If it is given the go-ahead, the Zero-2-One skyscraper planned for the corner of Strand and Adderley Streets will be the tallest building in Cape Town and will contain more than 620 apartments, GroundUp reports. FWJK says affordable housing has been included in the plans, through the provision of 104 apartments which will sell for "less than R800 000", according to regional director Craig Armstrong . Armstrong told GroundUp the apartments would be sold on a "first come first served basis to qualifying buyers". Asked to say who would be "qualifying buyers", Armstrong said the target market was the " Sectional Title sale development market " and that the company believed "market forces will prevail through the provision o...