Remember <a href="http://capetownbubble.blogspot.com/2009/02/Milnerton-royal-carlisle-developers.html”>Royal Carlisle? They’re <a href="http://capetown.gumtree.co.za/c-Flat-House-Real-Estate-vacant-land-properties-for-sale-Royal-Carlisle-Milnerton-Immediate-equity-available-W0QQAdIdZ166506347″>STILL trying to sell units, despite being “80% sold out” after the block was completed in May 2009, by basically admitting that early buyers (who bought for between R650 000 – R690 000) just watched R100 000 – R130 000 vapourise into thin air.
Original Post on Cape Town Property Bubble: Royal Carlisle: Early Buyer? You Just Lost R100 000.
