Investor activity in Cape Town’s central business district (CBD) reached an estimated R9.031 billion for 2024/25, up from R7.285 billion in 2023, the Cape Town Central City Improvement District (CCID) reports.
The CCID’s State of Cape Town Central City Report 2024 counts about R1.02 billion in completed work, R3.93 billion under construction and roughly R4.08 billion in planning or proposal stages for 2024 and 2025. The pipeline spans residential, hospitality and mixed-use schemes.
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According to PropertyWheel, Rob Kane, CCID Chairperson and CEO of Boxwood Property Fund, hails this level of CBD investment as unprecedented within a compact 1.6 km² area.
‘Vacancy trends picked up by the SA Property Owners’ Association (SAPOA) show that vacancies in town are dropping like a stone.’ (capetownccid.org)
Inner-city living remains a strong draw. The report records 6 819 residential units in the CBD at the end of 2024 and estimates R2.93 billion in new residential investment, which represents about 44% of the developments in the pipeline.
Sectional-title prices have also risen markedly over five years, reflecting sustained demand.
Major projects set to reshape the skyline include the City Park regeneration on the former Christiaan Barnard Hospital site and the One on Bree tower, alongside several affordable housing allocations such as units planned for the Leeuloop Precinct.
These schemes promise jobs and activity at street level while raising questions about long-term affordability.
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