Back in June 2008, Seeff were crowing because one of their agents had sold a penthouse at Sol Kerzner’s One&Only development at the V&A Waterfront for a hefty R110 million. Here’s a quote:
The first of the three super-luxury penthouses which Hotel magnate Sol Kerzner is developing on his One&Only Hotel Cape Town in the V&A Waterfront has been sold by Seeff at a record price of over R110 million.
Now read the following quote from this listing:
One&Only 3 EXTRAORDINARY PENTHOUSES FOR SALE.
Now I never did too well at maths, but if you have three penthouses and you sell one, that should leave two for sale. So why are three on sale? Also why has the new listed price dropped R10 million.
Original Post on Cape Town Property Bubble: R110 Million Sale Falls Through For Seeff
