Revo Property has launched its latest Nova development. Emanuel Germanis, CEO and founder of Revo Property, tells us more.
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“Our housing market, in quarter one of 2024, is being steered by two distinct influences – that of lifestyle changes and broader buyer demographics. Cape Town’s southern suburbs, in particular, have experienced a surge in demand, resulting in reduced time properties spend on the market,” comments Germanis.
He adds that the reason for this shift is due to the predicted mid-year reduction in interest rates by the South African Reserve Bank (SARB), as inflation slows, and the upcoming general elections that potentially could result in a national coalition government, offering new prospects to South Africa’s challenges.
Fourteen apartments
Nova is located in the bustling green heart of Wynberg, a stone’s throw from Chelsea Village. Priced from R1,995 million the development offers a dream of luxury living within reach.
“We are seeing a trend of younger buyers looking for smaller living spaces that are more affordable and easier to maintain,” says Germanis. “And this is driving current demand for apartments and townhouses, as well as for luxury properties in high-density, urban areas.”
Nova’s bespoke development features 14 meticulously-crafted apartments, ranging from two one-bedroom duplexes, nine two-bedroom, two-bathroom units and three luxurious penthouses with private entertainment roof decks.
A communal rooftop entertainment deck boasts a swimming pool to cool off in summer, accompanied by braai areas designed for relaxation and social gatherings, whilst enjoying the stunning views of Table Mountain and surrounds.
Each apartment is equipped with Bosch appliances and offers high-speed fibre connectivity, a necessity for all one’s digital needs. The building is also pet-friendly, a plus for those enamoured with man’s best friend, and features access control, secure parking and optimal premium upgrades like engineered oak flooring and back-up power solutions. Every detail at Nova is designed to enhance one’s living experience.
Catchment area
With local convenience continuing to influence residential choices, Nova is suitably located with direct access to a variety of shops, delis, parks and is one of the main transport hubs in the Southern Suburbs, giving residents and foreign visitors easy access in and around Cape Town.
“Wynberg is increasingly sought after by young working professionals with families, as it’s a catchment area for a number of good government and private schools,” comments Germanis.
“We are now seeing a large number of home renovations happening and new businesses opening, which is resulting in a general upgrade of the area and breathing new life into the suburb.”
Nova is also located close to the Old Wynberg Village, a well-known urban conservation area that houses one of the largest collections of historic properties in and around Cape Town.
In addition to the Old Wynberg Village, Wynberg is close to several other popular locations, including the Kirstenbosch National Botanical Garden, Rhodes Memorial and the Maynardville Park Open-Air Theatre, leaving no surprise that residential properties in the Wynberg area are desired by locals and visitors alike.
To secure an elegant home in one of Wynberg’s most sought-after developments, head to their sales launch on Tuesday 25 June, 2024, at 1pm. Buyers can take advantage of a R100 000 launch discount and begin their journey at Nova – “where luxury meets convenience in the heart of Wynberg.”
Offering sectional title purchase with no transfer duties are applicable, with only a 10% deposit required. The estimated completion date is 2025.