In another successful endeavour proving the investment potential of micro-apartments in the city centre, Rawson Developers’ recently launched The Tokyo has set a new record with the sale of 100 units in just nine minutes of launching sales. Further to this, 133 units were sold in the first day, accounting for 89% of the development being sold.
Highly acclaimed Rawson Developers are well-known for their innovation in the property arena and have captained a comprehensive collection of residential developments. The Tokyo, however, is their first city centre endeavour throughout their 25 years of operation. The development is expected to break ground on 1 September 2021 and is set to be completed by May 2023.
The Tokyo, located in Loop Street, Cape Town is a 148 unit residential development offering hotel-style living, micro-apartments in the heart of Cape Town. Influenced by Japan’s futuristic capital, The Tokyo is a blend of luxury and efficient city living, offering cinematic views of Table Mountain rising from the sparkling city below.
Currently there are only seven units left of the 148 unit development available for sale. The sales launch was hosted completely online allowing clients to shortlist their favourite units prior to the launch but could only start reserving units once sales opened to the public on the 16th March. No units were pre-sold to keep sales fair and providing all investors with equal opportunity to get the apartments they most wanted.
Rawson Developers’ previous track record boasts renowned suburban developments such as Newlands Peak, The Winchester, The Westwood and The Premier. Last year, Newlands Peak famously sold over 100 apartments on the first day, despite unfavourable market conditions resulting from hard lockdown.
When asked about this recent accomplishment for The Tokyo, Morné Moller, New Business Development Manager at Rawson Developers, says, “Our overarching aim is to not only create properties that enhance an area and boost its potential, but ones that also provide buyers with sound investment opportunities. Loop Street will be our first city centre development, and we are enthusiastic about the record-breaking results that The Tokyo delivered.”
“The Tokyo offers lock-up-and-go apartments that will attract urbanites and travellers alike, and our biggest hope is to inject a renewed life force into one of our city’s tourism hotspots. Increased foot traffic in the area will hopefully in turn also provide more clientele for local dining and retail establishments that have all felt the undeniable aftermath of a quiet lockdown period.”
For more information on The Tokyo, visit www.thetokyo.co.za