Johannesburg Proposal Apartments Sell Quickly, Reaching US$65 Million in 7 Weeks

The proposed Wedgewood Sandton has 1- and 2-bedroom apartments on offer.

08 January 2021 | Johannesburg, South Africa

Since 21 November 2020, residential property, Wedgewood Sandton has achieved record sales to date – a whopping R1 billion (US$65 million) sold in just 7 weeks. These sales equated to R22.2 Million (US$1.4 million) in sales per day over the period.

Another significant factor of the continued rate of sale is that the design of the building is such that there will be desirable purchasing opportunities right until the final apartments are sold.

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“Today Balwin Properties made history, for the first time in Sandton by reaching R1 Billion (US$65 million) in sales in 45 days. Balwin is renowned for our fast rate of sales but that this rate exceeds anything we have achieved within any of our projects to date which is significant and a massive positive for this country and the property market as a whole” shares Steve Brookes, CEO of South Africa’s largest residential developer, Balwin Properties.

Stefan Botha, Director of Rainmaker Marketing explains, “We are proud to be associated with the Wedgewood Sandton product and we’ve proven that the market responds favorably when there is an ideal combination between product, price, location, low interest rates and a low deposit. We are delighted that there is such a healthy balance between investors and first-time buyers who will make Wedgewood their home.”

Wedgewood Sandton features studio, 1 and 2-bedroom lifestyle apartments from R850,000 (US$55,556) All bond and transfer costs are included in the purchase price.

For more on this story, go to Wedgewood Sandton.