On the 29th of June we posted an article titled R110 Million Sale Falls Through For Seeff which cast some questions if whether the R110m sale of a penthouse in Sol Kerzner’s new V&A Waterfront One & Only development had fallen through. We did so because in listings for the development 3 out of the 3 penthouses built are listed for sale, when there should only be 2.
And quite coincidentally (I’m sure) according to RealestateWeb, the Sunday Times ran an article this past Sunday saying literally the same thing, that the sale was in fact staged by Sol Kerzner as a “sale” to himself with the penthouse being returned to the rental pool of the Hotel. And no doubt if a buyer could be found for it would be sold off without a seconds thought as the article we wrote earlier here showed there are in fact 3 penthouses for sale.
I haven’t bought the Sunday Times in a while (prefer the non-tabloid Business Day Weekender these days after they gave me a shout out a year ago) so if anyone has the article let me know if it mentioned anything about the supposedly sold apartment coming back on the market and if they attribute that nugget of information to anyone.
And Sunday Times reporters if you’re reading, let me know if you need any more story ideas.
Original Post on Cape Town Property Bubble: Sunday Times Doubting One & Only Sale
