Sandton’s luxury-apartment demand falling - Moneyweb
NASTASSIA ARENDSE: I’m sure you’ve seen, as you drive through the streets of Sandton, lots of buildings coming up, a lot of corporates moving into Sandton. I suppose this all started during the early 2000s, when the likes of Investec and Nedbank all moved in. But on the same side of that there are some high- rise luxury apartments that have piggybacked on this relocation of corporates into the area, which would in theory create demand from buyers who decided to live closer to work. We have Kent Gush, who is the managing director of Kent Gush Properties , on the line to talk about Sandton’s luxury- apartment demand . Ken, thank you so much for your time. KENT GUSH: Good evening, Nastassia. Thank you for having me. NASTASSIA ARENDSE: I see this all the time – some properties coming up around the corner, especially the luxury apartments . They look absolutely beautiful. But what I want to know is what the demand is like for these apartments at this current stage. KENT GUSH: As i...