When we first wrote about Mandela Rhodes Pace back in February 2007, it was literally underwater.
Then in July 2011 we heard that even though it had been completed years earlier it was still releasing unsold apartments onto the market.
And now, it’s being liquidated with supposedly 62(!) unsold apartments hitting the market. If you bought into MRP and are trying to sell… my condolences.
Original Post on Cape Town Property Bubble: Mandela Rhodes Place Liquidated
