Newlands is about to welcome its first major residential project in several years. The Marlow on Mill – a sectional title development by Eris Property Group in partnership with Pam Golding Property – is set to launch on Mill Street.
Dr Andrew Golding, CEO of Pam Golding Property, noted that Cape Town continues to lead Western Cape residential activity, accounting for 63.1% of all building plans approved in 2024, according to StatsSA.
Located near the Sports Science Institute and multiple stadiums, The Marlow on Mill responds to robust demand for quality housing amid rising property prices and limited sectional title options in Newlands.
According to Lightstone, the suburb recorded average capital growth north of 7% over the past decade, outpacing Cape Town’s 5% average – a trend attracting both investor and owner-occupier attention.
Shelly Keys, Western Cape area manager at Pam Golding Properties, revealed that the development will feature 281 pet-friendly units ranging from studios to a 240 sqm penthouse, with prices spanning R1.72 million to R16 million (VAT included, with no transfer duty).
Interiors and balconies cater to various lifestyles, and the building is expected to significantly expand affordable living options within this affluent suburb.
On-site amenities include a concierge lobby, permanent security, green seating areas, retail outlets, a restaurant, café, gym, laundry, and a rooftop pool with entertainment spaces and panoramic views. Underground parking spans four levels.
“Newlands is a vibrant suburb where residents can enjoy active outdoor living and a cosmopolitan social scene. Nearby iconic landmarks include Newlands cricket grounds, Newlands Forest and Kirstenbosch Botanical Gardens. Cavendish Square, artisanal coffee shops and world-class dining are just minutes away,” said Keys.
Samantha Nel, another area manager, noted chronic undersupply in sectional title housing: “There is a massive shortage of sectional title stock in Newlands and we expect keen interest from buyers who want to live in the suburb as well as investors, or out-of-town purchasers.”
Rental potential is strong due to proximity to the University of Cape Town and other tertiary institutions, making it ideal for student housing or a Cape Town base.
Investors can opt into short-term letting through Propr and may qualify for Section 13sex tax relief, which allows purchase-cost deductions of up to 55% once the fifth rental unit is acquired.
