Rent Reaches R80,000 Monthly in South Africa

8
Rent Reaches R80,000 Monthly in South Africa
Rent Reaches R80,000 Monthly in South Africa

Africa-Press – South-Africa. Pam Golding Properties has set a record in Melrose Arch by securing a rental of R80,000 per month for a luxury two-bedroom apartment.

This is the highest rental achieved to date in this sought-after precinct in Johannesburg’s premier northern suburbs.

The 262 m2, north-facing apartment includes two en-suite bedrooms, an open-plan lounge and dining area, and entertainment spaces, including a double-volume patio.

“Secure, eco-conscious and designed around walkability, the vibrant precinct of Melrose Arch – launched in 1998 – was well ahead of its time,” said Dr Andrew Golding, chief executive of the Pam Golding Property Group.

“Originally billed as a live, work, play area, today, it continues to set the benchmark for mixed-use precincts in South Africa.”

It offers a blend of residential, retail, commercial, and leisure spaces, supported by world-class infrastructure and retaining prominence as one of Johannesburg’s most sought-after and trendy luxury addresses.

Mariël Burger, regional head: Gauteng Metro for Pam Golding Properties, said rentals in Melrose Arch are highly sought-after, particularly since the start of 2025.

Apartments range from lofts and one-bedroom units to spacious three- and four-bedroom homes, and they are available in the R17,000 to R80,000 per month price range.

“Situated in the heart of Melrose in Johannesburg’s northern suburbs, there is simply nothing else in South Africa that compares to Melrose Arch,” Burger said.

It offers 24/7 security, eco-friendly infrastructure offering solar-generated power, full water and gas back-up, and advanced recycling programmes.

“The lifestyle proposition here is unparalleled, making it particularly attractive to buyers and renters in the 40–60 year age group,” Burger said.

“Beyond its residential offering, Melrose Arch is also a thriving business hub. Its modern, green-rated office spaces with high-speed fibre internet attract multinational corporations, businesses and professionals.”

Luxury living

Melrose Arch is also centrally located between Sandton and Rosebank, close to the Gautrain, with OR Tambo International Airport 25 km away.

Residents can also enjoy easy access to hospitals, schools, Wits University, the University of Johannesburg, sport and leisure facilities, and more than 100 retail outlets and restaurants.

“Melrose Arch’s enduring appeal is evident in the long-term commitment of residents, many of whom have owned their homes for more than a decade,” Burger said.

According to Lightstone statistics, 62% of homeowners have owned their properties for 11 years or more, reflecting this precinct’s stability and ongoing appeal.

“Security, sustainability and convenience remain top priorities for many homeowners, providing peace of mind in a sophisticated urban environment,” Burger said.

“This is further enhanced by Melrose Arch’s welcoming community atmosphere – cobbled streets, landscaped plazas, luxury hotels, and bustling cafés and restaurants all combine to create a cosmopolitan, village-like ambience.”

With some 600 residences, mainly comprising sectional title apartments, homes in Melrose Arch range in price from approximately R1.8 million to R2.9 million for one-bedroom units.

Lofts cost R3.3 million to R4.8 million, two-bedroom apartments cost R2.8 million to R5.5 million, three-bedroom apartments cost R4.5 million to R6 million, and luxury four-bedroom penthouses cost R7.95 million to R38 million.

For More News And Analysis About South-Africa Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here