{"id":90558,"date":"2025-09-28T18:38:29","date_gmt":"2025-09-28T18:38:29","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront"},"modified":"2025-09-28T18:57:40","modified_gmt":"2025-09-28T18:57:40","slug":"new-luxury-development-at-va-waterfront","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront","title":{"rendered":"New Luxury Development at V&A Waterfront"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>A new luxury development, 5 Dock Road, is launching in Cape Town\u2019s V&A Waterfront, and apartments are flying off the shelves.<\/p>\n

Cape Town\u2019s Atlantic Seaboard, which stretches from the V&A Waterfront to Hout Bay, is experiencing a luxury property boom.<\/p>\n

According to Ross Levin, licensee for Seeff Atlantic Seaboard, much of this boom has been driven by the luxury downsizing trend, which has seen buyers and investors moving to in-demand areas in Cape Town.<\/p>\n

As a result, the number of apartments sold for over R20 million rose by around 30% in 2025. The Waterfront led with the most R20 million plus sales, with eight apartments sold as of August 2025.<\/p>\n

During this period, Seeff recorded six sales at the Waterfront ranging from R22 million to R40 million. Kim Bendall Bailey and Finella Botes from Seeff Waterfront said there is now a shortage of stock in the area.<\/p>\n

Listings are at their lowest point in over a decade, especially below R15 million. As a result, property owners are holding back mainly due to high replacement costs.<\/p>\n

Waterfront apartments are selling for over R130,000\/m2, especially those on the Front Yacht Basin with unparalleled views, where high-end units reach R20 million to over R40 million.<\/p>\n

This high interest has created an excellent opportunity for developers to build more residences in in-demand areas, like the V&A Waterfront. The new 5 Dock Road residential development exemplifies the desirability of luxury property in the area.<\/p>\n

Since the building\u2019s sales launch on 6 August, more than 93% of the 5 Dock Road residences have already sold. Currently, only six apartments remain in the V&A Waterfront\u2019s residential development.<\/p>\n

Developments at the V&A Waterfront<\/b><\/p>\n

V&A Waterfront<\/p>\n

The V&A Waterfront is a 123-hectare mixed-use property development situated in and around the historic Victoria and Alfred basin, which formed Cape Town\u2019s original harbour.<\/p>\n

Its properties include retail, office, fishing, logistics and industrial, hotel and residential, as well as undeveloped bulk.<\/p>\n

It is one of Africa\u2019s most visited tourist destinations, attracting over 24 million visitors every year, and generating a revenue of R260 million every month.<\/p>\n

The V&A is jointly owned by JSE-listed real estate giant Growthpoint, which has a 50% stake, and the Public Investment Corporation, which owns the other half.<\/p>\n

While the V&A Waterfront is already one of the country\u2019s biggest and busiest precincts, its owners are planning a R20 billion expansion for the property\u2019s adjacent Granger Bay precinct.<\/p>\n

In December 2024, the property owners requested an increase in permissible development rights from the local council. The proposed 440,000 m2 expansion would allocate two-thirds of the space to Granger Bay.<\/p>\n

The historic Granger Bay precinct lies west of the V&A Waterfront. It includes the Oranjezicht City Farm Market, which would move about 200 meters from its current location to make way for the new developments.<\/p>\n

In March 2025, the company also announced that Dolce & Gabbana, Louis Vuitton and Gucci are set to anchor a new luxury retail development in the V&A.<\/p>\n

The V&A is tripling the size of space available for rent to luxury retailers to almost 4,000 m2 in a dedicated new wing.<\/p>\n

The 5 Dock Road residential building, which is set for completion in December 2025, also represents another luxury development in the area.<\/p>\n

It is spread over six floors with exclusive penthouses on the top floor, offering 1-, 2-, or 3-bedroom options. Each apartment features spacious layouts, high ceilings, expansive balconies\/terraces, and beautiful views.<\/p>\n

It also offers engineered oak flooring, stone countertops, advanced security systems, solar backup, double-glazed windows, air conditioning, high-speed internet, and premium appliances.<\/p>\n

Tenants can enjoy the heated rooftop pool, a braai area with views of Table Mountain, a well-equipped gym, or relax in the landscaped courtyard. They will also have direct canal access and ground-floor retail.<\/p>\n

Set in the V&A Waterfront, residents will be a short walk from the Vic Wharf shopping centre, which hosts over 450 retailers, top eateries, Virgin Active Collection, Padel Courts, running tracks, water activities, to name a few.<\/p>\n

The remaining apartments start from R11.5 million for a 106m2 two bedroom mountain and city facing apartment. Prices go up to R54.9 million for a 267m2 three bedroom mountain and Signal Hill facing penthouse.<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. A new luxury development, 5 Dock Road, is launching in Cape Town\u2019s V&A Waterfront, and apartments are flying off the shelves. Cape Town\u2019s Atlantic Seaboard, which stretches from the V&A Waterfront to Hout Bay, is experiencing a luxury property boom. According to Ross Levin, licensee for Seeff Atlantic Seaboard, much of this […]<\/p>\n","protected":false},"author":84,"featured_media":90557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-90558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"\nNew Luxury Development at V&A Waterfront - South Africa<\/title>\n<meta name=\"description\" content=\"A new luxury development, 5 Dock Road, is launching in Cape Town\u2019s V&A Waterfront, and apartments are flying off the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Luxury Development at V&A Waterfront\" \/>\n<meta property=\"og:description\" content=\"A new luxury development, 5 Dock Road, is launching in Cape Town\u2019s V&A Waterfront, and apartments are flying off the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-28T18:38:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-28T18:57:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1759073131.603196.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"New Luxury Development at V&A Waterfront\",\"datePublished\":\"2025-09-28T18:38:29+00:00\",\"dateModified\":\"2025-09-28T18:57:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront\"},\"wordCount\":733,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1759073131.603196.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/new-luxury-development-at-va-waterfront\",\"name\":\"New Luxury Development at V&A Waterfront - 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