Century City at a glance
Century City is one of the most central and prettiest neighbourhoods in Cape Town with plenty of greenery and beautiful palm-tree lined roads and cobbled streets. More than half of the 250 hectare suburb is occupied by canals, nature reserves and commercial properties.
It is the quintessential work-shop-play-stay suburb which offers excellent walkability to all of the businesses and amenities for those who live here. It is conveniently situated to the N1, just 15-minutes from the Cape Town CBD and attractions of the Atlantic Seaboard as well as Milnerton and the greater Blouberg area and beaches.
The area boasts a whopping 2958 residential properties offering a mix of apartments, townhouses and freestanding houses, all in a secure environment. Recent developments have added another 249 properties in developments such as Mayfair Gardens, Manhattan Quarter and Palme D'or. Recently completed developments include Waters Edge with 144 apartments on the canal and views of Intaka Island as well as Palm Brook with 52 apartments and the latest phase of the Oasis Luxury Retirement Resort and Axis offering 83 luxury apartments with fabulous views.
A landmark in the area, is the Canal Walk mega shopping precinct which offers the best local and international brands, cinemas, a food court and various restaurants. Other attractions include Intaka Island Nature Reserve, and kilometers of canals for various water sports as well as Central Park which hosts events such as the Day Market, Night Market, Full Moon Hike, touch-rugby and the Galileo Open Air Cinema.
There is a bustling commercial and business sector in Century City along with the Century City Business and Conference Center and new Apex which offers 8 floors of commercial space. Many corporate head offices are located here along with a number of hotels and the Hillsong Church. There is also a large Virgin Active gymnasium.
Century City is under the management of the Century City Property Owner's Association (CCPOA) which manages all the municipal services, upkeep and security of the suburb. All owners pay a levy to their complex or estate, which in turn pays a portion of this levy to the CCPOA. The CCPOA is thus funded by the residents of the suburb who are seen as stakeholders. Once a year the CCPOA hosts an AGM which is open to all stakeholders. Here residents can voice their opinions on the current state of the suburb as well plan methods of improvement for the future.
The suburb has always been an investor's playground. Two major factors have contributed to the ever climbing property prices, being a shortage of land which limits expansion of the suburb. There will come a point in the near future where no new development will be possible which will lead to a decrease in stock. Secondly, the suburb will always remain ideally situated, acting as a center point to all major areas without the overcrowding of the CBD.
Century City exists in a bubble-like market place. The decrease in available stock and the constant demand to live here has resulted in a continuous climb in property value, and despite challenging market conditions, investors in certain complexes are still achieving high capital gains. Many properties have been held for less than five years and resold for profit gains. Century City appeals to a broad mix of buyers and investors with a notable increase in young buyers in the 18-35 age group.
It is a popular rental suburb, making it an attractive investment proposition with rising rental rates due to the high demand. A large portion of tenants are foreigners who are in South Africa for business and corporate tenants who need accommodation for their employees.
There is a large workforce in Century City needing accommodation. Letting stock is plentiful as more than half of the properties are investor-owned due to the high rental returns. Many homeowners are holiday makers who let out their properties for 6-9 month periods.
Property owners, residents and employees benefit from excellent security, such as monitored access to the suburb, camera surveillance, a dedicated policing force and the additional layer of each complex or estate being entirely enclosed with their own security measures.
Villa Italia, Situated in close proximity to the Atlantic coastline, many of the apartments feature stunning views of the Atlantic Ocean. Apartments on the other side of the development have some of the most dazzling views of Table Mountain available in the Cape Peninsula, making these very attractive to international investors and up-and-coming South African professionals alike.
The spectacular 15-storey KnightsBridge apartment towers has brought luxury, high-rise living to Century City, Cape Town on a grand scale. Built on a private island and adjoining wharf and spanning the Grand Canal, KnightsBridge offers the ultimate in secure, urban living for discerning home owners. Offering truly breathtaking mountain and sea views, the towers comprise 198 exclusive apartments from single bedrooms through to double volume duplex and simplex penthouses and ranging in size from 55 square metres to 275 square metres.
The Island Club
Rabie's first residential development at Century City, The Island Club, has received both local and international recognition for the quality of its design, winning the SAPOA and the 'Bentley' Awards in 2006. Residents at The Island Club enjoy secure living with spectacular views, a choice of indoor and outdoor swimming pools, and all the convenience of Canal Walk on their doorstep.
Century View is one of many residential complexes within the greater Century City precinct, and is home to 364 households, which includes 37 units in The Grange. Every owner automatically enjoys membership of the Century View Property Owners Association (CVPOA), irrespective of whether or not they reside in the complex. There is a healthy mixture of owner/resident and tenant/resident.
The first tier of security control at Century View is by way of our security checkpoint at the entrance which is manned 24/7 as part of the agreed Service Level Agreement in place with the security service provider. The access control system has been designed in such a way as to enable maximum flexibility and monitoring. As a standard rule homeowners are issued with a maximum of 2 access card per property to be used by live-in residents who operate a vehicle on-site. Additional cards may be requested in writing from the Managing Agent when there is a change to the number of live-in. Residents not able to produce an access card upon entry shall be required to complete the prescribed entry document upon every entry to the Century View precinct.