Latest Blog Entry
Next Century City Natural Goods Market on Sunday May 6
26/04/2012The last Century City Natural Goods Market for this season will be held at Central Park, Century City on Sunday ...
Upcoming Events
Century City Rotary Club Interest Evening
Event date 23/05/2012What would it take to change the world?
 |
 |
 |
It is official, Century City is the best area to live in!
28 September 2011
It is official, Century City is South Africa’s best middle class residential area to live in, according to a top level independent market research survey.
For the third year running Finweek partnered with market research company Ask Africa to help select and rank South Africa’s best suburbs or areas to live in with the survey results being published in the 15 January 2009 issue of Finweek.
The initial sample of 28 suburbs included 14 suburbs in each of two price categories - a middle class category where prices typically range from R700 000 to R2m and an upper end category where prices generally exceed R3m.
The suburbs chosen were those that had recorded the highest number of sales in a particular price category for the 12 months to October 2008.
The survey singled out 11 categories to measure the quality of life offered by each of these 28 suburbs throughout six of South Africa’s biggest cities namely Johannesburg, Pretoria, Cape Town, Durban, Port Elizabeth and Bloemfontein.
The 11 categories included safety and security, access to emergency and medical services, proximity to shopping centres, entertainment, tourism and leisure amenities; access to schools, universities and other places of learning as well as investment returns offered by properties in each area.
Century City, a 250ha mixed-use secured first place in the middle class component winning most of the 11 categories and scoring particularly high in recreation, retail and entertainment and for being in easy reach of many educational and medical facilities.
Centrally located on the N1 midway between the Cape Town and Bellville CBDs, Century City’s unique attractions include Canal Walk Shopping Centre (the largest in Africa), 8km of navigable canals that meander through the development and onto which many of the residential projects front, and Intaka Island, an award-winning nature conservation area. A state of the art Virgin Active gym, numerous hotels, convenience retailing and restaurants all add to the equation.
While the bulk of residential property sales in Century City have been for homes costing less than R2m, Century City offers a wide range of residential product ranging from luxury freestanding homes on the water to trendy highrise lock-up-and-go apartments as well as a retirement resort. Studio and one bedroom apartments cost between R750 000 and R1,7m depending on which development you wish to buy into, a two bedroom apartment or freestanding house will cost anywhere between R900 000 and R3,2m with three beds ranging from R995 000 to R5m.
Two other Cape Town suburbs were in the top three countrywide, namely Pinelands and Observatory.
The best upper income suburb to live in, according to the survey, is Westcliff in Johannesburg with Clifton in second place followed by Woodhill Country Estate in Pretoria.