Back in January we wrote how apartments in The Orangerie, which had been initially sold for well over R3 million were being sold by the developer for R2 850 000. It seems since then time has not helped those prices recover.
This ad is a new listing for a 2 bed apartment in The Orangerie.
The asking price? Now down to R2 500 000.
Original Post on Cape Town Property Bubble: The Orangerie: The Bloodbath Continues
